The news source has compiled 12 easy steps to securing financial freedom.
One of the first points of actions they recommend taking is to eliminate all debt.
"If you're in your early 50s, start debt reduction now. Try to prepay your mortgage, too, so you'll own your home free and clear," the news source reports.
Another piece of advice given is to wise up on investments. Individuals in their 50s and 60s should keep money invested in order to think about long term growth.
The news provider also suggests that active living seniors continue to save money, work as long as possible, and keep health insurance until one can receive Medicare.
Senior citizens are not immune to debt. According to the Washington Times, Americans over the age of 55 comprise the largest group to file for bankruptcy.
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