Manage your finances and enjoy your retirement
Retirement security is one of the most pressing social issues facing the world in the next 30 years—so if you’re approaching your golden years, it’s essential to have a secure financial future. Personal Finance in Your 50s All-in-One For Dummies provides targeted financial advice and assists soon-to-be or established boomers with making informed decisions about how best to spend, invest, and protect their wealth while planning for the future.
Retirement is an exciting time … but it can also be scary if you’re not sure that you have your ducks in a row. This hands-on resource arms you with an arsenal of beginner to intermediate personal finance and estate planning techniques for everything from spending, saving, navigating insurance, managing medical costs, household expenses, and even employment.
- Build a diversified portfolio
- Create emergency funds
- Avoid scams and frauds
- Improve your estate planning
With the help of this all-in-one resource, you’ll get a succinct framework and expert advice to help you make solid decisions and confidently plan for your future.
Cuprins
Introduction 1
Book 1: Managing Your Career and Retirement 5
Chapter 1: Finding a New Job after 50 7
Chapter 2: Dealing with Changes in Employment 31
Chapter 3: Joining the Ranks of the Self-Employed 49
Chapter 4: Tracking Small Business Revenues and Costs 75
Chapter-5: Estimated Taxes and Self-Employment Taxes 85
Chapter 6: Developing a Retirement Plan 97
Chapter 7: Grasping Retirement Accounts and Their Rules 113
Book 2: Getting Your Affairs in Order 127
Chapter 1: Ensuring That Your Last Wishes Are Honored 129
Chapter 2: Planning Your Bequests 145
Chapter 3: Providing for Your Children and Dependents 163
Chapter 4: Writing and Signing a Will 173
Book 3: Dealing with Insurance 189
Chapter 1: Seven Guiding Principles of Insurance 191
Chapter 2: Buying Insurance 199
Chapter 3: Getting the Most Out of Medicare 207
Chapter 4: Introducing the Personal Umbrella Policy 237
Book 4: Handling Budgets and Investments 245
Chapter 1: Protecting Your Employment Income 247
Chapter 2: Managing Budgets and Expenses 263
Chapter 3: Guiding Investments and Distributions in Retirement 281
Chapter 4: Making Your Best Choices under Social Security 297
Book 5: Planning Your Estate 329
Chapter 1: Yes, You Have an Estate 331
Chapter 2: Bean Counting: Figuring Out What You’re Worth 353
Chapter 3: Probate and How to Dodge It 363
Chapter 4: Understanding Trusts 397
Chapter 5: Minimizing Estate-Related Taxes 411
Book 6: Tapping Into Your Home’s Value 429
Chapter 1: Making Important Housing Decisions 431
Chapter 2: Reverse Mortgages for Retirement Income 441
Chapter 3: Deciding to Sell 455
Chapter 4: Exploring the Economics of Selling 469
Chapter 5: Determining Your House’s Value 481
Index 497