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Published:
October 10, 2025

Personal Finance After 50 For Dummies

Overview

Move confidently into your retirement planning years with financial advice from a bestselling personal finance advisor

Retirement is lasting longer than it ever has. And a little bit of careful planning can ensure that you spend your retirement—and the years leading up to it—in comfort and financial security.

In the latest edition of Personal Finance After 50 For Dummies, trusted personal finance author and advisor Eric Tyson delivers an up-to-date and expert take on how to enter your fifties in the best financial health possible. The book offers advice designed to help regardless of your income or living situation. You'll find sound and crystal-clear advice you can apply immediately on everything from investing to managing when to take Social Security, securing long-term insurance, navigating taxes, and establishing an estate plan.

You'll also get actionable guidance on the latest financial trends, including no-nonsense strategies regarding alternative investments and how to navigate financial products aimed at those nearing or in retirement, like reverse mortgages. Inside the book:

  • Effective, step-by-step guides to building a financial plan that works for you, saving for the long-term, and creating a realistic budget
  • Strategies for managing and reducing financial risk without missing out on sound investment opportunities that keep pace with inflation
  • Explanations of how to blend government programs like Social Security and Medicare into your plan

Perfect for anyone interested in taking a serious look at planning for middle age and beyond, Personal Finance After 50 For Dummies covers the topics of unique interest to those looking to build a comfortable life in their golden years.

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About The Author

Eric Tyson is a bestselling personal finance author committed to making financial management accessible to all. He is the author of five national bestselling financial books in the For Dummies series, including books on personal finance, investing, mutual funds, home buying, and real estate investing.

Bob Carlson is the editor of the monthly newsletter, Retirement Watch, the monthly video series, Retirement Watch Spotlight, and a weekly free e-letter, Retirement Watch Weekly. Bob served three decades on the Board of Trustees of the Fairfax County Employees’ Retirement System.

Sample Chapters

personal finance after 50 for dummies

CHEAT SHEET

You work hard for your money, and you should get to use your savings in your later years. In order to enjoy an enjoyable and stress-free retirement, you need to make the most of your finances and retirement planning. You can get on the right track by determining the appropriate age to retire, becoming familiar with Medicare, and understanding your pension and how it’s protected.

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Articles from
the book

You may want to consider a long-term care policy when planning your finances after 50. Most states participate in a program known as the Long-Term Care Partnership Program. The purpose of the program is to encourage people to purchase private long-term care insurance that meets requirements established by the state.
Copyright © 2016 Eric Tyson and Bob Carlson. All rights reserved. Long-term care (LTC) generally refers to any assistance you may need with your day-to-day living. When planning your finances after 50, you may need to consider your options. The forms of long-term care — independent living, home care, assisted living, and nursing home —depend on the level of assistance you need.
Copyright © 2016 Eric Tyson and Bob Carlson. All rights reserved. You will need to think about tax returns when planning your finances after 50. Many gifts must be reported to the IRS on Form 709, the gift tax return. The gift tax returns filed over time track your use of the lifetime credit, and taxes are due when the lifetime gift tax credit is exhausted.
When you're financial planning after 50, you may be faced with lots of Medicare questions. Medicare is administered and enforced by the federal Centers for Medicare and Medicaid. Chances are you have questions about Medicare, and finding answers can be a challenge, especially if you don’t know where to look. Here is some advice: Through the Medicare office: You can ask questions and order publications by calling 800-MEDICARE (800-633-4227).
You work hard for your money, and you should get to use your savings in your later years. In order to enjoy an enjoyable and stress-free retirement, you need to make the most of your finances and retirement planning. You can get on the right track by determining the appropriate age to retire, becoming familiar with Medicare, and understanding your pension and how it’s protected.
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