Korea's first! A practical tax and financial guidebook for those in their 50s!

In our country, the age of 50 is a turning point in finance and taxes.
This is because cash flow becomes more complex due to child education, parental support, and retirement preparation, and tax decisions such as asset transfer and pension receipt begin in earnest.
However, many people put off addressing tax issues even during this crucial time.
Because it is difficult and doesn't make money right away.
But if you don't know about taxes, your life becomes inconvenient.
Even for the national pension, taxes and health insurance premiums are deducted from the amount received.
When disposing of real estate or giving money to children, various tax issues arise.
Ultimately, if you don't know about taxes, your retirement planning itself can be shaky.

《Tax Study Starting at 50 at the Latest》 is Korea's first tax guidebook tailored to people in their 50s, written with this awareness in mind.
This book covers everything you need for practical use, from the basic structure of taxes and health insurance premiums to retirement income, real estate and financial assets, inheritance and gifts, and the use of family corporations.

As for taxes, there is little inconvenience as long as you know about year-end tax settlement and exemption from transfer tax on one house before retirement.
However, after retirement, unexpected taxes often arise, making life inconvenient.
I've been living my whole life thinking I don't need to know about taxes, but the circumstances that unfold before my eyes are completely different.
That is because taxes are deeply intertwined in life itself.
So, people in their 50s who have not been interested in taxes until now should start studying taxes seriously from now on.
--- p.16

“My income has decreased, so why are my insurance premiums increasing?” People in their 50s often see their income decrease or even stop as they approach retirement.
However, health insurance premiums often increase.
This is because, the moment you switch from a workplace subscriber to a local subscriber, several criteria that we had not thought of come into play.
Moreover, even if you have little income, you are still subject to health insurance premiums based on assets such as your home.
As a result, people in their 50s are bound to be more sensitive to health insurance premiums than to national pensions.

--- p.78

For those in their 50s, it's important to prepare alternatives to generate stable cash flow, such as rental income or interest and dividends from financial products, in case their income is cut off.
For example, if you are not prepared for pension income, you should be able to use systems such as housing pension.
In addition, disposing of real estate, etc. is also a method.

--- p.185

“After your 50s, it’s more important to protect your money than to make it.”
As you enter your 50s, the direction of your assets changes.
In the past, the focus was on increasing income and accumulating assets, but now, securing a stable cash flow and minimizing tax and health insurance burdens are key strategies.
Many people believe that savings and deposits are safe, but upon closer inspection, there are hidden tax issues that are by no means simple, such as financial income taxation and health insurance premium calculation.
In particular, having a large deposit is not necessarily a good thing. To truly secure an asset, you must carefully consider the after-tax rate of return, the impact of health insurance premiums, and retirement income distribution strategies.

--- p.205

In your 40s, your income stream is quite good, so you should build up some spare cash while also investing in real estate like houses and financial assets like stocks.
In your 50s, you begin to prepare for retirement in earnest, but if you have excessive debt, it will be difficult to live in retirement.
Make a plan to repay your debt and prepare countermeasures.
In addition, pension assets should be inspected and supplementary measures established when there is a shortage.
Building pension assets for office workers and business owners can be examined immediately below.

--- p.290