Financial Recovery - Financial Security After Age 60

Financial Recovery is an issue that most Americans are seeking in today's times and speaking from experience, there are many obstacles to overcome in the current economic state. As a 60 year old baby boomer, not only are there obstacles, but there is a time crunch as well. My husband retired at age 65 so I took early retirement as well in order to enjoy our life together, doing the fun things we planned upon retirement. We both actually began earning money at a very young age and have worked hard all of our lives. Planning for retirement has been on the forefront of our financial goals. We felt as if we were doing all the right things to prepare for our "golden years". We felt safe and secure then everything changed.

We made a dramatic lifestyle change in November 2008 by moving from our beautiful home in Florida to a furnished condo in Steamboat Springs. Now you may wonder why the change from sunny Florida to snowy Colorado; most people do it the other way around. Our grandchildren! We moved to be near our grandchildren!

But boy was it bad timing. That winter, we sat and watched to snow pile up (almost 600 inches). Being from Florida, we didn't get out much. We baby sat a lot and watched the economic crisis unfold before us. We went from denial to fear, then panic and desperation. We found ourselves in a precarious situation. Our retirement savings was vanishing, there was no new income and we were not in a position to go back to work. You can understand our predicament.

We realized we had to be proactive and find solutions to our situation and fast. That is when we discovered a fascinating new method for creating wealth and recover from our financial crisis.

Tax Liens Certificates is an almost guaranteed system to earn safe, predictable high returns on investments. Local governments depend on property taxes to fund governmental services. When property taxes are not paid to the county, a Tax Lien is placed on the property. The property owner is given a time frame to pay their taxes with certain fees, interest and penalties or face foreclosure. Investors are allowed to purchase the Tax Certificates (which in essence pays the property owners taxes to the local government) and is awarded the fees, interest and/or penalties if or when the taxes are paid. Each state varies on the amount of interest is charged to the property owner and some states do not participate in Tax Lien sales.

For example, Arizona law entitles the investor to receive 16% interest per year, while Florida law allows 18% per year; Georgia law allows 20% per year and Texas a whopping 50% per year. Just imagine that you invest $10,000 for one year in the state of Florida, your high return on your investment would be $1,800. If you invested that same amount of money in the stock market for one year....well who knows what your return would be - if any.

Investing in Tax Lien Certificates is like a sure thing. The interest only varies per state and does not depend on the economic climate. You know going in what your rate of return will be in the end. Who would not be interested in such high rate of return??

And, there is an abundance of Tax Lien Certificates available, especially when the economy is in a downward trend. Many states offer "over the counter" sales so you can actually purchase certificates on the internet from the convenience of your own home. My husband and I purchased over 200 Tax Lien Certificates on our first year from our home in Colorado. We just recently received checks totaling over $30,000 in profits from our one year investments.

It is vitally important to remember to do your due diligence and check out each property you are purchasing the Tax Lien Certificate on. If taxes are not paid, you may end up with the property and you want to make certain it is property without issues. Additional liens, law suits or environmental issues must be checked out thoroughly to insure your investment is safe.