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

Klappentext

Boost your financial fitness and enjoy retirement As you approach your 50s, you're undoubtedly counting down the days to retirement -- lounging on a sandy beach or even in a hammock in your own backyard. This all-in-one reference helps you make informed decisions about how best to spend, invest, and protect your wealth now so you can reap the rewards later. It's never too late to find out how to manage a budget, limit expenses, find emergency funds, avoid scams, navigate insurance choices, and start a second career either working for yourself or someone else. And it's never too early to get your affairs in order. Inside...

• Personal Finance For Dummies
• Estate Planning For Dummies
• Reverse Mortgages For Dummies
• Insurance For Dummies
• Selling Your Home For Dummies
• Wills & Trust Kit For Dummies

Inhalt

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