It’s Sunday, which means...It’s time for the recap and bottom line. I’m tying everything together and sharing the most important takeaway from this week’s theme: 

Improving Your Credit Score After Age 60

In case you missed any episodes, here’s what we covered in each episode this week: 

• Why Your FICO Score Still Matters In Retirement
• Your Credit Score Is Determined By These 5 Things
• And then I talked more in depth about 2 of the most important factors of your credit score - payment history and credit utilization and how focusing on these 2 factors can help the most in boosting your credit score
• And lastly, I talked yesterday about a new piece of legislation that may completely overhaul the current credit reporting system. 

Here’s the bottom line: Your credit score still matters in retirement. Even if your debt is lower in retirement (and hopefully it will be), an excellent credit score will help you secure better rates on car loans, a mortgage refi, and even insurance premiums. Paying attention to your credit score and maintaining excellent credit will save you thousands, if not 10s of thousands of dollars in retirement through lower payments and better rates.

Tomorrow, come on back, because we’re starting a brand new theme: Groundbreaking new research on retirement spending. I’ll be talking about some new research that explains why you’re less likely to run out of money in retirement than what you’ve been led to believe. 

Thank you so much for listening this week! Please leave a review on Amazon, Apple Podcasts or wherever you listen to podcasts. I really appreciate your comments, and reviews also help new people discover the show.  

My name is Ashley Micciche and I hope you have a blessed Sunday.

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance