The best way to take control of your post-career financial future

Retirement is lasting longer for all of us. Thats whyand however long you decide to keep workingits essential to plan ahead so you can live your post-career life as you wish. The latest edition ofPersonal Finance After 50 For Dummies details what you need to knowmaking it the perfect book to shelve next to your diet and fitness library, so you can keep your finances, as well as your health, in peak condition. Whether youre new to financial planning or are pretty savvy but want to cut through the noise with targeted information and advice, youll find everything you need to know about how best to spend, invest, and protect your wealth so you can make your senior years worry-free, healthy, and fun.

In plain English, retirement and financial experts Eric Tyson and Bob Carlson cover all the issues from investing, Social Security, and the long-term insurance marketplace to taxes and estate planningincluding state-by-state differences. They demystify the muddy world of financial planning and provide strategies that make the course ahead crystal clear. They also dive into less obvious territory, showing how its possible to strategize financially to avoid the worst impact of unexpected eventssuch as the COVID-19 crisisas well as exploring what investment approaches you can take to protect the most important possession of all: your own and your familys health.

Minimize your taxes and make wise investing decisionsFind out how the SECURE Act affects retirement accounts and savingsNavigate the latest Medicare, Social Security, and property tax rulesDig into whats new in estate planning and reverse mortgagesGet what you want from your career as you approach retirement

Whether doing it for yourself or for parents, its never too late to begin retirement planningand this highly praised, straightforward book is the best way to take control, so you can be confident your senior years are exactly what you want them to be: golden.

Eric Tyson is a recognized personal finance counselor, writer, and lecturer. Tyson has been featured on and quoted in hundreds of publications and media outlets.

Bob Carlson is Chairman of the Board of Trustees of the Fairfax Country Employees Retirement System.

Introduction 1

Part 1: Understanding Personal Finance After 50 5

Chapter 1: Looking Ahead to Your Future 7

Chapter 2: Protecting Your Employment Income and Your Health 17

Chapter 3: Developing a Retirement Plan 35

Chapter 4: Identifying Retirement Investments and Strategies 53

Chapter 5: Grasping Retirement Accounts and Their Rules 75

Part 2: Making Money Decisions in Retirement 91

Chapter 6: Managing Budgets and Expenses 93

Chapter 7: Guiding Investments and Distributions in Retirement 111

Chapter 8: Making Important Housing Decisions 129

Chapter 9: Considering Your Long-Term Care Insurance Needs and Options 141

Part 3: Dealing with Government Programs 171

Chapter 10: Making Your Best Choices under Social Security 173

Chapter 11: Getting the Most Out of Medicare 203

Chapter 12: The State Healthcare System Backup: Medicaid 233

Part 4: Estate Planning: Its More than Just Dead People and Lawyers 257

Chapter 13: The Basics on Estate Planning 259

Chapter 14: Eyeing Wills and Other Legal Documents 279

Chapter 15: Tackling the Federal Estate Tax When You Have Too Much Money 299

Chapter 16: Focusing on Estate Taxes and the Many Types of Trusts 323

Part 5: The Part of Tens 335

Chapter 17: Ten Common Retirement and Estate Planning Mistakes 337

Chapter 18: Ten Things to Know about Working in Retirement 347

Chapter 19: Ten (or So) Tips to Know about Caring for Your Aging Parents 353

Index 359