Personal finance after 50 for dummies
| Otros Autores: | |
|---|---|
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Hoboken, N.J.:
John Wiley
c2021.
Indianapolis, Indiana : [2021] |
| Edición: | Third edition |
| Colección: | --For dummies
|
| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009633550806719 |
Tabla de Contenidos:
- Intro
- Title Page
- Copyright Page
- Table of Contents
- Introduction
- About This Book
- Foolish Assumptions
- Icons Used in This Book
- Beyond the Book
- Where to Go from Here
- Part 1 Understanding Personal Finance After 50
- Chapter 1 Looking Ahead to Your Future
- Planning for the Longer Term
- Identifying long-term planning issues
- Taking personal responsibility for your financial future
- Saving and planning sooner and smarter pays off
- Eyeing Keys to Successful Retirement Planning
- Saving drives wealth
- Keeping your balance
- Understanding that planning is a process
- Chapter 2 Protecting Your Employment Income and Your Health
- Assessing Your Need for Life Insurance
- Understanding the purpose of life insurance
- Determining your life insurance need
- Assessing your current life coverage
- Figuring out what type to buy
- Choosing where to buy life insurance
- Protecting Your Employment Income: Disability Insurance
- Why most people lack disability insurance and why you need it
- Identifying needed disability coverage
- Shopping for disability coverage
- Investing In and Protecting Your Health
- Take care of your ticker
- Exercise (and sweat)!
- Hydrate with good-quality H2O
- Include fiber in your diet
- Manage your stress
- Get your calcium and vitamin D
- Chapter 3 Developing a Retirement Plan
- Deciding When to Retire
- Knowing How Much You Really Need for Retirement
- Figuring out what portion of income you need
- Grasping what the numbers mean
- Eyeing the Components of Your Retirement Plan
- Social Security retirement benefits
- Pensions
- Investments
- Your home's equity
- Setting Up a Couples Plan
- Crunching the Numbers
- Understanding assumptions and how they work
- Making the numbers work
- Dealing with excess money
- Making Plans for Nonfinancial Matters.
- Personal connections
- Personal health
- Activities, hobbies, interests
- Chapter 4 Identifying Retirement Investments and Strategies
- Defining Investments
- Understanding risk
- Eyeing your returns
- Considering how investments are susceptible to inflation
- Being aware of tax consequences
- Monitoring sensitivity to currency and economic issues
- What You Need to Do Before You Select and Change Investments
- Knowing your time horizon
- Factoring some risk into your investment plan
- Keeping the bigger picture in mind
- Allocating your assets
- Surveying Different Investments
- Comparing lending investments to ownership investments
- Looking into stocks
- Investing in mutual funds and ETFs
- Comparing investments and risks
- Managing Investment Portfolios
- Funds of funds and target-date funds
- Index and exchange-traded funds
- Assessing and changing your portfolio
- Chapter 5 Grasping Retirement Accounts and Their Rules
- Eyeing the Characteristics of Retirement Accounts
- Focusing on the tax benefits
- Being aware of restrictions and penalties
- Identifying the Different Types of Retirement Accounts
- Employer-sponsored retirement accounts
- Self-employed retirement savings plans
- Individual Retirement Arrangements (IRAs)
- Rolling Over Retirement Balances
- Deciding what road to take
- Choosing a custodian and rolling over your balance to an IRA
- Choosing Beneficiaries for Your Retirement Accounts
- Taking Required Minimum Distributions
- Calculating your RMD for an IRA
- Computing the RMD for other retirement plans
- Part 2 Making Money Decisions in Retirement
- Chapter 6 Managing Budgets and Expenses
- Discussing Some Retirement Worries You May Have
- Running out of money
- Supporting others
- Addressing your worries
- Spending Your Nest Egg
- Considering the 4 percent rule.
- Naming the factors affecting your use of retirement assets
- How Spending Really Changes in Retirement
- Managing Your Expenses
- Bigger-picture issues
- Taxes
- Housing
- Utilities and communication
- Food
- Transportation
- Personal care and fashion
- Travel and fun
- Healthcare
- Insurance
- Children and grandchildren
- Chapter 7 Guiding Investments and Distributions in Retirement
- Guiding Your Investments through Retirement
- Estimating your investment income
- Rebalancing your investments
- Looking Closer at Annuities
- Annuities: A retirement account and insurance combination
- Contributing in your working years
- Annuitizing in your retirement years
- Examining the newest annuity
- Choosing Your Pension Options
- Selecting between a lump sum or monthly payments
- Deciding among monthly payment options
- Eyeing Withdrawal Strategies for Your Investment Accounts
- Chapter 8 Making Important Housing Decisions
- Analyzing Moving
- Considering the pros and cons of moving
- Eyeing the options for where you can move
- Tapping Your Home's Equity: Reverse Mortgages
- Defining terms and costs
- Determining whether a reverse mortgage is right for you
- Searching for more information on reverse mortgages
- Looking at Tax Issues Regarding Your Housing Decisions
- Being aware of capital gains exclusion rules
- Converting your home to a rental: Yes or no?
- Chapter 9 Considering Your Long-Term Care Insurance Needs and Options
- Understanding Long-Term Care
- Naming the types of long-term care
- Predicting who will need long-term care
- Estimating how much long-term care will cost
- Planning to Pay for LTC
- Considering Traditional LTC Insurance
- Knowing the basic features of LTCI
- Checking out two more important LTCI factors
- Using Hybrid Insurance Products
- Exploring annuities to finance LTC.
- Financing LTC with life insurance
- Assessing the LTC hybrids
- Reimbursement versus Indemnity Coverage
- Financing LTC Yourself
- Figuring out whether you can finance your own LTC
- Deciding when to buy LTCI
- Comparing tax-qualified and nonqualified policies
- Opting for life insurance instead of LTCI
- Taking advantage of the reverse mortgage
- 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
- Reviewing your earnings history
- Defining when you can retire
- Taking a Closer Look at Spouses' and Survivor Benefits
- Understanding the choices for spousal benefits
- Ensuring spouses are taken care of: Survivor's benefits
- Identifying When You May Need to Receive Benefits
- What are your cash flow needs?
- Will waiting pay off?
- What other income do you have?
- Do you want to continue to work?
- What are the potential income taxes on benefits?
- What's your life expectancy?
- Noting How Working Reduces Benefits
- Taking the penalty for exceeding the annual income limit
- Determining the penalty on a monthly basis
- The penalty isn't always bad
- Preserving Your Benefits
- Deferring income
- Using your corporation
- Considering exempt income
- Relying on special income
- Being Aware of Potential Income Taxes on Your Benefits
- Understanding how modified adjusted gross income works
- Reducing taxes on benefits
- Changing Your Mind: A Do-Over
- Deciding whether you should take a do-over
- Doing the 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.
- Seeing who's eligible and signing up for Part A
- Defining Part A coverage
- Exploring Parts B and C
- Scoping out Part B
- Probing Part C: Medicare Advantage
- Qualifying for Prescription Drug Coverage with Part D
- Examining Part D plans
- Enrolling in a Part D plan
- Eyeing a Medicare Supplement
- Understanding Medigap policies
- Standardizing Medigap policies
- Choosing a Medigap policy
- Obtaining quotes for Medigap insurance
- Resolving Some Sticky Issues
- Changing plans
- Monitoring changes at work
- Making a foreign move
- Chapter 12 The State Healthcare System Backup: Medicaid
- Discovering What Medicaid Is
- Considering Medicaid Eligibility
- Establishing Functional Eligibility
- Meeting Financial Requirements
- Understanding income limits
- Understanding asset limits
- Examining Planning Strategies
- Spending down
- Creating a life estate
- Setting up trusts
- Buying an immediate annuity
- Going the spousal refusal route
- Recognizing the downsides of Medicaid eligibility 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
- Finish your plan no matter what
- Keep track of your estate
- Estimate cash flow
- Don't wait for the perfect plan
- Carefully choose executors and trustees
- Anticipate conflicts
- Answering Key Questions to Gather Critical Information
- Who's in charge?
- How much should I give now?
- Should I apply controls and incentives?
- Should heirs get equal shares?
- Should I exclude someone?
- How should my blended family be handled?
- Should I leave only money?
- Should my wealth stay in the family?
- Knowing How Estate Taxes Work.
- Reviewing the estate tax.
