DescriptionManage your finances in your golden years—enjoy your retirement!
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. Personal Finance For Seniors 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. You've worked your whole life for your nest egg—why not manage it as effectively as possible?
Enjoying 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. 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?
- Explore financial advice that's targeted to the needs of your generation
- Understand how changes in government programs can impact your retirement
- Consider the implications of tax law updates, and how to best protect your assets when filling out tax forms each year
- Navigate your saving and investment options, and pick the approaches that best fit the economic environment
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 For Seniors For Dummies, 2nd Edition offers the insight you need to keep financial matters on the right track!
Part I: Working toward Retirement 7
Chapter 1: Looking Ahead to Your Future 9
Chapter 2: Protecting Your Employment Income and Your Health 21
Chapter 3: Developing a Retirement Plan 41
Chapter 4: Identifying Retirement Investments and Strategies 61
Chapter 5: Grasping Retirement Accounts and Their Rules 87
Part II: Making Money Decisions in Retirement 105
Chapter 6: Managing Budgets and Expenses 107
Chapter 7: Guiding Investments and Distributions in Retirement 129
Chapter 8: Making Important Housing Decisions 147
Chapter 9: Considering Your Long‐Term Care Insurance Needs and Options 159
Part III: Dealing with Government Programs 193
Chapter 10: Making Your Best Choices under Social Security 195
Chapter 11: Getting the Most Out of Medicare 235
Chapter 12: The State Health Care System Backup: Medicaid 275
Part IV: Estate Planning: It’s More than Just Dead People and Lawyers 303
Chapter 13: The Basics on Estate Planning 305
Chapter 14: Eyeing Wills and Other Legal Documents 331
Chapter 15: Tackling the Federal Estate Tax When You Have Too Much Money 357
Chapter 16: Focusing on Estate Taxes and the Many Types of Trusts 387
Part V: The Part of Tens 401
Chapter 17: Ten Common Retirement and Estate Planning Mistakes 403
Chapter 18: Ten Things to Know about Working in Retirement 415
Chapter 19: Ten (or So) Tips to Know about Caring for Your Aging Parents 423