Part 1: Understanding Personal Finance After 50
by
Personal Finance After 50 For Dummies, 3rd Edition
- Cover
- Title Page
- Copyright
- Introduction
- Part 1: Understanding Personal Finance After 50
- Chapter 1: Looking Ahead to Your Future
- Planning for the Longer Term
- Eyeing Keys to Successful Retirement Planning
- Chapter 2: Protecting Your Employment Income and Your Health
- Assessing Your Need for Life Insurance
- Protecting Your Employment Income: Disability Insurance
- Investing In and Protecting Your Health
- Chapter 3: Developing a Retirement Plan
- Deciding When to Retire
- Knowing How Much You Really Need for Retirement
- Eyeing the Components of Your Retirement Plan
- Setting Up a Couples Plan
- Crunching the Numbers
- Making Plans for Nonfinancial Matters
- Chapter 4: Identifying Retirement Investments and Strategies
- Defining Investments
- What You Need to Do Before You Select and Change Investments
- Surveying Different Investments
- Managing Investment Portfolios
- Chapter 5: Grasping Retirement Accounts and Their Rules
- Eyeing the Characteristics of Retirement Accounts
- Identifying the Different Types of Retirement Accounts
- Rolling Over Retirement Balances
- Choosing Beneficiaries for Your Retirement Accounts
- Taking Required Minimum Distributions
- Part 2: Making Money Decisions in Retirement
- Chapter 6: Managing Budgets and Expenses
- Discussing Some Retirement Worries You May Have
- Spending Your Nest Egg
- How Spending Really Changes in Retirement
- Managing Your Expenses
- Chapter 7: Guiding Investments and Distributions in Retirement
- Guiding Your Investments through Retirement
- Looking Closer at Annuities
- Choosing Your Pension Options
- Eyeing Withdrawal Strategies for Your Investment Accounts
- Chapter 8: Making Important Housing Decisions
- Analyzing Moving
- Tapping Your Home’s Equity: Reverse Mortgages
- Looking at Tax Issues Regarding Your Housing Decisions
- Chapter 9: Considering Your Long-Term Care Insurance Needs and Options
- Understanding Long-Term Care
- Planning to Pay for LTC
- Considering Traditional LTC Insurance
- Using Hybrid Insurance Products
- Reimbursement versus Indemnity Coverage
- Financing LTC Yourself
- Evaluating Employer and Group Coverage
- Combining LTCI and Self-Insurance
- Part 3: Dealing with Government Programs
- Chapter 10: Making Your Best Choices under Social Security
- The Lowdown on Social Security
- Determining When You’re Eligible for Benefits
- Taking a Closer Look at Spouses’ and Survivor Benefits
- Identifying When You May Need to Receive Benefits
- Noting How Working Reduces Benefits
- Preserving Your Benefits
- Being Aware of Potential Income Taxes on Your Benefits
- Changing Your Mind: A Do-Over
- Looking at What the Future Holds for Social Security
- Chapter 11: Getting the Most Out of Medicare
- Starting Medicare: A Broad Overview of Enrollment Deadlines
- Understanding Part A
- Exploring Parts B and C
- Qualifying for Prescription Drug Coverage with Part D
- Eyeing a Medicare Supplement
- Resolving Some Sticky Issues
- Chapter 12: The State Healthcare System Backup: Medicaid
- Discovering What Medicaid Is
- Considering Medicaid Eligibility
- Establishing Functional Eligibility
- Meeting Financial Requirements
- Examining Planning Strategies
- Using Both Medicare and Medicaid
- Eyeing Reasons Not to Seek Medicaid
- Part 4: Estate Planning: It’s More than Just Dead People and Lawyers
- Chapter 13: The Basics on Estate Planning
- Understanding Estate Planning
- Studying Some Strategies Before Starting Your Estate Plan
- Answering Key Questions to Gather Critical Information
- Knowing How Estate Taxes Work
- Finding Good, Affordable Advice
- Chapter 14: Eyeing Wills and Other Legal Documents
- Creating Your Will
- Assigning a Financial Power of Attorney
- Delegating Medical Decisions
- Passing Other Assets
- Looking Closer at Probate
- Chapter 15: Tackling the Federal Estate Tax When You Have Too Much Money
- Understanding the Estate Tax
- Tallying Your Assets
- Reducing Your Estate
- Taking Deductions
- Choosing Family Estate Strategies
- Contemplating Life Insurance
- Avoiding the Tax on Gifts to Grandkids: The GSTT
- Chapter 16: Focusing on Estate Taxes and the Many Types of Trusts
- Identifying the Cast of Characters
- Naming the Types of Trusts
- Using Trusts in Estate Planning
- Part 5: The Part of Tens
- Chapter 17: Ten Common Retirement and Estate Planning Mistakes
- Not Having at Least a Basic Financial Plan
- Procrastinating about Estate Planning
- Underestimating Life Expectancy
- Miscalculating Inflation
- Believing You’ll Retire When You Expected To
- Ignoring Nonfinancial Planning
- Failing to Coordinate with Your Spouse
- Expecting to Age in Place
- Thinking Most Medical Expenses Will Be Covered
- Missing the Initial Enrollment for Medicare Plans
- Chapter 18: Ten Things to Know about Working in Retirement
- Some Work Is Good for You
- The Social Security (Tax) Impact Can Be Huge
- Number Crunching Can Show You How Different Scenarios Work
- Life Is Short and You Owe It to Yourself to Do What You Love
- Investing in Education Can Boost Your Employment Value
- Some Employers Are More User-Friendly for Older Workers
- Taking Some Employment Risk Is Important
- Starting/Buying a Small Business May Be a Rewarding Option
- Your Spouse May Not Want What You Want
- Volunteering Makes You Happy and Benefits Your Community
- Chapter 19: Ten (or So) Tips to Know about Caring for Your Aging Parents
- Leverage Off Others’ Experiences
- Ask for Professional Help
- Invest in Their Health
- Get Your Parents’ Affairs in Order
- Examine Housing and Medical Care Options
- Use Caregiver Agreements
- Separate Living Spaces if Parents Are Going to Move In
- Take Care of Your Family
- Take Care of Yourself
- Index
- About the Authors
- Advertisement Page
- Connect with Dummies
- End User License Agreement
Part 1
Understanding Personal Finance After 50
IN THIS PART …
Get complete and easy-to-understand guidance on how to best plan for a secure financial future.
Find out how to protect your employment income and protect your health.
Develop a plan that will see you through your retirement years by discovering the best retirement investments and strategies, and understanding retirement account rules.
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