Personal Finance After 50 For Dummies, 3rd Edition, provides targeted financial advice to this demographic and assists readers with making informed decisions about how best to invest, spend, and protect their wealth while planning for the future. It covers:
- How the rapidly evolving long-term care industry affects choices for senior care and its cost
- What changes in government programs (e.g. Medicare, Social Security) mean to seniors
- Updated information on tax laws that affect senior's investments and personal finances broadly and how to minimize taxes
- How to best position your estate given current estate laws and government programs
- What to do to best save and invest your money given the economic environment
Updates in the 3rd Edition:
- Changes in tax information and strategies, especially from the Tax Cut and Jobs Act
- How the new SECURE Act affects retirement accounts and savings
- Updated and expanded coverage of Social Security rules and strategies
- Coverage of changes with reverse mortgages
- Updates on long-term care insurance marketplace changes
- Expand coverage of state-based estate/inheritance differences
- How estate planning has changed with new tax laws
- Add Parts of Tens chapter about career strategies for later years
