Senior finances for dummies11/3/2023 No matter your situation, we’re excellently positioned to give you sound financial advice on the range of issues presented in this book. Whether you’re rich, middle class, or poor, 50 or 85 years old, retired, or still working two jobs, money passes through your hands every day. About This BookĮveryone needs to make financial decisions. We hope to not only answer your questions but to also make you aware of important issues you may not be aware of so you have plenty of time to consider them and make decisions that enhance your financial independence. We wrote this book to answer these questions and many more that face you as you age and grapple with your finances during your senior years. How much do I need and what type of life insurance should I buy?ĭo I need a will? Do I need an estate plan? What should I do to protect my spouse, children, or significant others? What types of additional medical insurance - long-term care insurance, Medicare supplement, and so on - do I need pre- and post-retirement?Īn agent is telling me to buy more and different life insurance. Should I buy an annuity? If so, what type? Are reverse mortgages a good idea? What’s the process for withdrawing money from my retirement accounts, and how can I minimize my tax hit from doing this? How should I manage my investments now and in the years ahead? When should I begin collecting Social Security benefits? I just left my employer (by choice or through layoff) and have some money in a retirement account. My employer is offering me pension options. The new, and sometimes more complex, financial decisions that confront folks in their later working years and then in retirement can be tough to work through.įor example, consider the types of questions we, your humble authors, have been asked from folks in our advisory businesses:Ĭan we afford to retire? How much can we comfortably spend per year given our assets? One of those challenges has to do with finances. Aging presents opportunities for increased wisdom and broader perspective as well as some increased challenges. Whether you're heading into your senior years or your parents are getting older and you want to help them take care of their finances, Personal Finance After 50 For Dummies, 2nd Edition offers the insight you need to keep financial matters on the right track! Read more Navigate your saving and investment options, and pick the approaches that best fit the economic environment.Consider the implications of tax law updates, and how to best protect your assets when filling out tax forms each year.Understand how changes in government programs can impact your retirement.Explore financial advice that's targeted to the needs of your generation.The right financial decisions may mean the difference between a condo in a more tropical climate and five more years of shoveling snow, so why leave them to chance? You've worked your whole life for your nest egg-why not manage it as effectively as possible?Įnjoying your golden years hinges on your ability to live the life you've dreamed of, and that's not possible unless you manage your finances accordingly. Personal Finance After 50 For Dummies, 2nd Edition offers the targeted information you need to make informed decisions regarding your investments, spending, and how to best protect your wealth. Numerous life changes come with the territory of getting older-as we're reminded every day by anti-aging campaigns-but one change the media doesn't often mention is the need for a shifting approach to personal financial management. Manage your finances in your golden years-enjoy your retirement! While this version features a new Dummies cover and design, the content is the same as the prior release and should not be considered a new or updated product. Personal Finance After 50 For Dummies, 2nd Edition (9781119543633) was previously published as Personal Finance After 50 For Dummies, 2nd Edition (9781119118770).
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |