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

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.

Table of Contents

Book 1 Managing Your Career and Retirement
Chapter 1 Finding a New Job after 50
Chapter 2 Dealing with Changes in Employment
Chapter 3 Joining the Ranks of the Self-Employed
Chapter 4 Tracking Small Business Revenues and Costs
Chapter 5 Estimated Taxes and Self-Employment Taxes
Chapter 6 Developing a Retirement Plan
Chapter 7 Grasping Retirement Accounts and Their Rules

Book 2 Getting Your Affairs in Order
Chapter 1 Ensuring That Your Last Wishes Are Honored
Chapter 2 Planning Your Bequests
Chapter 3 Providing for Your Children and Dependents
Chapter 4 Writing and Signing a Will

Book 3 Dealing with Insurance
Chapter 1 Seven Guiding Principles of Insurance
Chapter 2 Buying Insurance
Chapter 3 Getting the Most Out of Medicare
Chapter 4 Introducing the Personal Umbrella Policy

Book 4 Handling Budgets and Investments
Chapter 1 Protecting Your Employment Income
Chapter 2 Managing Budgets and Expenses
Chapter 3 Guiding Investments and Distributions in Retirement
Chapter 4 Making Your Best Choices under Social Security

Book 5 Planning Your Estate
Chapter 1 Yes, You Have an Estate
Chapter 2 Bean Counting: Figuring Out What You’re Worth
Chapter 3 Probate and How to Dodge It
Chapter 4 Understanding Trusts
Chapter 5 Minimizing Estate-Related Taxes

Book 6 Tapping Into Your Home’s Value
Chapter 1 Making Important Housing Decisions
Chapter 2 Reverse Mortgages for Retirement Income
Chapter 3 Deciding to Sell
Chapter 4 Exploring the Economics of Selling
Chapter 5 Determining Your House’s Value