Description
Move confidently into your retirement planning years with financial advice from a bestselling personal finance advisor
Retirement is lasting longer than it ever has. And a little bit of careful planning can ensure that you spend your retirement—and the years leading up to it—in comfort and financial security.
In the latest edition of Personal Finance After 50 For Dummies, trusted personal finance author and advisor Eric Tyson delivers an up-to-date and expert take on how to enter your fifties in the best financial health possible. The book offers advice designed to help regardless of your income or living situation. You'll find sound and crystal-clear advice you can apply immediately on everything from investing to managing when to take Social Security, securing long-term insurance, navigating taxes, and establishing an estate plan.
You'll also get actionable guidance on the latest financial trends, including no-nonsense strategies regarding alternative investments and how to navigate financial products aimed at those nearing or in retirement, like reverse mortgages. Inside the book:
- Effective, step-by-step guides to building a financial plan that works for you, saving for the long-term, and creating a realistic budget
- Strategies for managing and reducing financial risk without missing out on sound investment opportunities that keep pace with inflation
- Explanations of how to blend government programs like Social Security and Medicare into your plan
Perfect for anyone interested in taking a serious look at planning for middle age and beyond, Personal Finance After 50 For Dummies covers the topics of unique interest to those looking to build a comfortable life in their golden years.
Table of Contents
Introduction 1
Part 1: Understanding Personal Finance After 50 7
Chapter 1: Looking Ahead to Your Future 9
Chapter 2: Protecting Your Employment Income and Your Health 21
Chapter 3: Developing a Retirement Plan 37
Chapter 4: Identifying Retirement Investments and Strategies 53
Chapter 5: Grasping Retirement Accounts and Their Rules 75
Part 2: Making Money Decisions in Retirement 91
Chapter 6: Managing Budgets and Expenses 93
Chapter 7: Guiding Investments and Distributions in Retirement 111
Chapter 8: Making Important Housing Decisions 129
Chapter 9: Considering Your Long-Term Care and Insurance Options 141
Part 3: Dealing with Government Programs 171
Chapter 10: Making Your Best Choices under Social Security 173
Chapter 11: Getting the Most Out of Medicare 203
Chapter 12: The State Healthcare System Backup: Medicaid 233
Part 4: Estate Planning: It’s More than Just Dead People and Lawyers 257
Chapter 13: The Basics on Estate Planning 259
Chapter 14: Eyeing Wills and Other Legal Documents 279
Chapter 15: Solving for When You Have “Too Much Money” 299
Chapter 16: Meeting Goals with Different Types of Trusts 323
Part 5: The Part of Tens 337
Chapter 17: Ten Common Retirement and Estate Planning Mistakes 339
Chapter 18: Ten Things to Know about Working in Retirement 349
Chapter 19: (Almost) Ten Tips about Caring for Your Aging Parents 357
Index 363
