Personal Finance in Your 50s All-in-One For Dummies

by Eric Tyson

Overview

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.

Product Details

ISBN-13:	9781119471530
Publisher:	Wiley
Publication date:	04/16/2018
Series:	For Dummies Books
Sold by:	JOHN WILEY & SONS
Format:	eBook
Pages:	552
File size:	1 MB

About the Author

Eric Tyson, MBA, is a financial counselor, syndicated columnist, and the author of bestselling For Dummies books on personal finance, taxes, home buying, and mutual funds including Real Estate Investing For Dummies.

Eric Tyson, MBA, is a personal financial writer, lecturer, and counselor. He is the author of several bestselling books in the For Dummies series, including the award-winning Personal Finance for Dummies. Eric's syndicated newspaper column is read by millions of readers weekly. He is a former columnist and award-winning journalist for the Sunday San Francisco Chronicle. His website, erictyson.com, rocketed into the top one percent of financial websites within its first year of operation. Eric's work has been featured and quoted in hundreds of local and national publications and media outlets, including Newsweek, the Wall Street Journal, USA Today, ABC, Fox News, CNBC, and NPR. He has also been a featured speaker at a White House conference on retirement planning.

Al Kessel is a full-time narrator and voice actor currently living in Arizona, where he works from his professional home recording studio. For Al, performing is passion. Audiobook narration was the logical career choice for him since, for as long as he can remember, he's been a voracious reader, acting all the characters out in his head, and often entertaining his family with his dramatic reenactments of books, movies, and television. Al prides himself on the ability to bring any character to life with his voice, a voice often described as smooth as melted butter, or like an old friend you just love hearing tell you about their day. He has recorded numerous audiobooks from just about every genre. When not bringing stories to life, he loves hiking in the desert with his wife and puppy, visiting Disneyland and, when time permits, reenergizing on the beach.

Table of Contents

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