Personal Finance After 50 For Dummies (eBook)

eBook Download: PDF
2021 | 3. Auflage
400 Seiten
Wiley (Verlag)
978-1-119-72422-3 (ISBN)

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Personal Finance After 50 For Dummies -  Robert C. Carlson,  Eric Tyson
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The best way to take control of your post-career financial future 

Retirement is lasting longer for all of us. That's why-and however long you decide to keep working-it's essential to plan ahead so you can live your post-career life as you wish. The latest edition of Personal Finance After 50 For Dummies details what you need to know-making it the perfect book to shelve next to your diet and fitness library, so you can keep your finances, as well as your health, in peak condition. Whether you're new to financial planning or are pretty savvy but want to cut through the noise with targeted information and advice, you'll find everything you need to know about how best to spend, invest, and protect your wealth so you can make your senior years worry-free, healthy, and fun.  

In plain English, retirement and financial experts Eric Tyson and Bob Carlson cover all the issues from investing, Social Security, and the long-term insurance marketplace to taxes and estate planning-including state-by-state differences. They demystify the muddy world of financial planning and provide strategies that make the course ahead crystal clear. They also dive into less obvious territory, showing how it's possible to strategize financially to avoid the worst impact of unexpected events-such as the COVID-19 crisis-as well as exploring what investment approaches you can take to protect the most important possession of all: your own and your family's health.  

  • Minimize your taxes and make wise investing decisions 
  • Find out how the SECURE Act affects retirement accounts and savings 
  • Navigate the latest Medicare, Social Security, and property tax rules 
  • Dig into what's new in estate planning and reverse mortgages 
  • Get what you want from your career as you approach retirement 

Whether doing it for yourself or for parents, it's never too late to begin retirement planning-and this highly praised, straightforward book is the best way to take control, so you can be confident your senior years are exactly what you want them to be: golden.  


The best way to take control of your post-career financial future Retirement is lasting longer for all of us. That s why and however long you decide to keep working it s essential to plan ahead so you can live your post-career life as you wish. The latest edition of Personal Finance After 50 For Dummies details what you need to know making it the perfect book to shelve next to your diet and fitness library, so you can keep your finances, as well as your health, in peak condition. Whether you re new to financial planning or are pretty savvy but want to cut through the noise with targeted information and advice, you ll find everything you need to know about how best to spend, invest, and protect your wealth so you can make your senior years worry-free, healthy, and fun. In plain English, retirement and financial experts Eric Tyson and Bob Carlson cover all the issues from investing, Social Security, and the long-term insurance marketplace to taxes and estate planning including state-by-state differences. They demystify the muddy world of financial planning and provide strategies that make the course ahead crystal clear. They also dive into less obvious territory, showing how it s possible to strategize financially to avoid the worst impact of unexpected events such as the COVID-19 crisis as well as exploring what investment approaches you can take to protect the most important possession of all: your own and your family s health. Minimize your taxes and make wise investing decisions Find out how the SECURE Act affects retirement accounts and savings Navigate the latest Medicare, Social Security, and property tax rules Dig into what s new in estate planning and reverse mortgages Get what you want from your career as you approach retirement Whether doing it for yourself or for parents, it s never too late to begin retirement planning and this highly praised, straightforward book is the best way to take control, so you can be confident your senior years are exactly what you want them to be: golden.

Eric Tyson is a recognized personal finance counselor, writer, and lecturer. Tyson has been featured on and quoted in hundreds of publications and media outlets. Bob Carlson is Chairman of the Board of Trustees of the Fairfax Country Employees' Retirement System.

Introduction 1

Part 1: Understanding Personal Finance After 50 5

Chapter 1: Looking Ahead to Your Future 7

Chapter 2: Protecting Your Employment Income and Your Health 17

Chapter 3: Developing a Retirement Plan 35

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 Insurance Needs and 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: Tackling the Federal Estate Tax When You Have Too Much Money 299

Chapter 16: Focusing on Estate Taxes and the Many Types of Trusts 323

Part 5: The Part of Tens 335

Chapter 17: Ten Common Retirement and Estate Planning Mistakes 337

Chapter 18: Ten Things to Know about Working in Retirement 347

Chapter 19: Ten (or So) Tips to Know about Caring for Your Aging Parents 353

Index 359

Erscheint lt. Verlag 26.3.2021
Sprache englisch
Themenwelt Sachbuch/Ratgeber Beruf / Finanzen / Recht / Wirtschaft Geld / Bank / Börse
Recht / Steuern Wirtschaftsrecht
Wirtschaft Betriebswirtschaft / Management Finanzierung
Schlagworte Finance & Investments • Finanz- u. Anlagewesen • Personal Finance / Financial Advising • Private Finanzen / Beratung • Private Finanzplanung
ISBN-10 1-119-72422-8 / 1119724228
ISBN-13 978-1-119-72422-3 / 9781119724223
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