This feed does not validate.
In addition, interoperability with the widest range of feed readers could be improved by implementing the following recommendations.
<rss version="2.0"
line 211, column 83: (2 occurrences) [help]
... <category><![CDATA[Credit & Debt]]></category>
^
line 357, column 261: (6 occurrences) [help]
... d coins on a bright green background.]]></media:text>
^
line 358, column 191: (6 occurrences) [help]
... d coins on a bright green background.]]></media:title>
^
<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:dc="https://purl.org/dc/elements/1.1/" xmlns:media="http://search.yahoo.com/mrss/" xmlns:atom="http://www.w3.org/2005/Atom"> <channel> <atom:link href="https://www.kiplinger.com/feed/all" rel="self" type="application/rss+xml" /> <title><![CDATA[ Latest from Kiplinger ]]></title> <link>https://www.kiplinger.com</link> <description><![CDATA[ All the latest content from the Kiplinger team ]]></description> <lastBuildDate>2025-07-01T20:05:49Z</lastBuildDate> <language>en</language> <item> <title><![CDATA[ Stock Market Today: Another Quarter, More Mixed Price Action ]]></title> <dc:content><![CDATA[ <p>It's the most bullish day of the year, according to data compiled by one technical analyst. Still, all three major U.S. equity indexes opened lower to start the third quarter and the second half of 2025 after two of them closed the second quarter and the first half at record highs.</p><p>The fate of President Donald Trump's <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/trump-tax-bill-why-elon-musk-and-most-americans-say-it-isnt-so-beautiful"><u>Big Beautiful Bill</u></a> and fiscal policy tops <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/whats-happening-with-trump-tariffs"><u>tariffs</u></a> and trade policy as the main narrative for the moment, with significant effects across multiple sectors.</p><p>Vice President J.D. Vance broke a 50-50 tie in the Senate shortly after noon, a vote that sends the president's signature legislation back to the House of Representatives ahead of a Trump-declared Fourth of July deadline.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_TZ5u6hI1_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="TZ5u6hI1"> <div id="botr_TZ5u6hI1_a7GJFMMh_div"></div> </div> </div></div><p>The Dow Jones Industrial Average surged well into the green early and held its gains due to strength in health care and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/best-materials-stocks-to-buy"><u>materials stocks</u></a>, while technology and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/best-communication-services-stocks-to-buy"><u>communication services stocks</u></a> weighed on the S&P 500 and the Nasdaq Composite.</p><p>"No other day of the year exhibits this amount of across-the-board strength," writes Stock Trader's Almanac Editor <a data-analytics-id="inline-link" href="https://jeffhirsch.tumblr.com/post/787806632441708544/most-bullish-day-of-year-1st-day-july-sp-500-up"><u>Jeffrey Hirsch</u></a>, "which supports the case for declaring the first trading day of July the most consistently bullish day of the year over the past 21 years."</p><p><strong>UnitedHealth Group </strong>(<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=UNH" target="_blank">UNH</a>, +4.5%), <strong>Amgen</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=AMGN" target="_blank">AMGN</a>, +4.1%) and <strong>Sherwin-Williams</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=SHW" target="_blank">SHW</a>, +3.5%) led <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/blue-chip-stocks/602319/all-30-dow-jones-stocks-ranked-the-pros-weigh-in"><u>Dow Jones stocks</u></a> to the upside. <strong>Nvidia</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=NVDA" target="_blank">NVDA</a>, -3.0%) was No. 30 but is still trending toward a $4 trillion market capitalization.</p><p><strong>Meta Platforms</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=META" target="_blank">META</a>, -2.6%) and <strong>Netflix</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=NFLX" target="_blank">NFLX</a>, -3.4%) also posted big declines to open the third quarter.</p><h2 id="mr-powell-goes-to-sintra-2">Mr. Powell goes to Sintra</h2><p>"Wherever you go, there you are" is Ralph Waldo Emerson's famous reduction of the concept of travel. And so it is for Fed Chair Jerome Powell, who stuck to his lines about tariffs and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/inflation"><u>inflation</u></a> in Portugal Tuesday.</p><p>Speaking at a European Central Bank forum, Chair Powell said the Fed will continue to monitor the impact of tariffs on prices and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/gdp"><u>growth</u></a>.</p><p>"We're simply taking some time," Powell said. "As long as the U.S. economy is in solid shape, we think the prudent thing to do is wait and learn more and see what those effects might be."</p><p>Recent incoming data broadly suggest inflation is cooling, though the Fed's preferred gauge – <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/economy/why-does-the-fed-prefer-pce-over-cpi"><u>the Personal Consumption Expenditures Price Index (PCE)</u></a> – came in a little hotter than expected in May.</p><p>"I think that's right," Powell said when asked during a panel discussion whether the Fed would have cut <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/interest-rates"><u>interest rates</u></a> by now but for Trump's tariffs.</p><p>"In effect," he explained, "we went on hold when we saw the size of the tariffs and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs."</p><p>Still, price action in the <a data-analytics-id="inline-link" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html" target="_blank"><u>federal funds futures market</u></a> indicates investors, traders and speculators expect the Fed to cut two times for a total of 50 basis points between now and December.</p><p>The <a data-analytics-id="inline-link" href="https://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-on-business/pmi/june/" target="_blank"><u>ISM Manufacturing PMI</u></a> edged up in June, though it remains in contraction territory, and <a data-analytics-id="inline-link" href="https://www.census.gov/construction/c30/current/index.html" target="_blank"><u>construction spending</u></a> fell in May for a seventh consecutive month.</p><p>At the same time, <a data-analytics-id="inline-link" href="https://www.bls.gov/news.release/jolts.nr0.htm" target="_blank"><u>job openings</u></a> were stronger than expected in May and have held steady since mid-2024.</p><p>We now look to Jobs Thursday this holiday-shortened week for fresh insight into the other half of the Fed's dual mandate and a labor market that's showing signs of both weakness and resilience.</p><p>The bottom line, according to BMO Capital Markets Senior Economist <a data-analytics-id="inline-link" href="https://ca.linkedin.com/in/jennifer-h-lee-88362833" target="_blank"><u>Jennifer Lee</u></a>, is we "need some clarity on tariffs... certainty on what the tariff rates will be and what they will cover."</p><p>Uncertainty, Lee writes, is "putting the brakes on business planning." The economist expects the Fed "to stay on hold this summer (certainly in July)," but to make its next cut after Labor Day.</p><p>Note that the U.S. stock market will close at 1 pm and the bond market will close at 2 pm Thursday. Both <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stock-market-holidays"><u>the stock market and the bond market are closed</u></a> Friday in the U.S. in observance of Independence Day.</p><h2 id="what-warren-buffett-is-buying-2">What Warren Buffett is buying</h2><p>The <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/why-the-10-year-u-s-treasury-yield-is-so-important-right-now"><u>yield on the 10-year U.S. Treasury note</u></a> dipped ticked up from 4.226% Monday to 4.248% Tuesday, though the key benchmark continues to trend lower.</p><p>Indeed, yields across the Treasury maturity spectrum are coming down ahead of expected Fed rate cuts.</p><p>And one of the world's most famous investors has been buying shorter-term U.S. Treasury bills, doubling his holdings, according to data compiled by <strong>JPMorgan Chase</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=JPM" target="_blank">JPM</a>).</p><div class="tradingview-widget-container"> <div class="tradingview-widget-container__widget"></div> <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-market-overview.js" async>{"source":"marketOverview","id":"19fb22cc-e2a9-4b3b-a39b-1674120e649e","colorTheme":"light","dateRange":"12M","showChart":true,"locale":"en","largeChartUrl":"","isTransparent":false,"showSymbolLogo":true,"showFloatingTooltip":false,"width":"400","height":"550","plotLineColorGrowing":"rgba(41, 98, 255, 1)","plotLineColorFalling":"rgba(41, 98, 255, 1)","gridLineColor":"rgba(240, 243, 250, 0)","scaleFontColor":"rgba(19, 23, 34, 1)","belowLineFillColorGrowing":"rgba(41, 98, 255, 0.12)","belowLineFillColorFalling":"rgba(41, 98, 255, 0.12)","belowLineFillColorGrowingBottom":"rgba(41, 98, 255, 0)","belowLineFillColorFallingBottom":"rgba(41, 98, 255, 0)","symbolActiveColor":"rgba(41, 98, 255, 0.12)","tabs":[{"title":"Indices","originalTitle":"Indices","symbols":[{"d":"S&P 500 Index","s":"FOREXCOM:SPXUSD"},{"d":"Dow Jones Industrial Average Index","s":"FOREXCOM:DJI"},{"d":"Nasdaq Composite","s":"NASDAQ:IXIC"}]},{"title":"Futures","originalTitle":"Futures","symbols":[{"d":"S&P 500","s":"CME_MINI:ES1!"},{"d":"Euro","s":"CME:6E1!"},{"d":"Gold","s":"COMEX:GC1!"},{"d":"WTI Crude Oil","s":"NYMEX:CL1!"},{"d":"Gas","s":"NYMEX:NG1!"},{"d":"Corn","s":"CBOT:ZC1!"}]},{"title":"Bonds","originalTitle":"Bonds","symbols":[{"d":"T-Bond","s":"CBOT:ZB1!"},{"d":"Ultra T-Bond","s":"CBOT:UB1!"},{"d":"Euro Bund","s":"EUREX:FGBL1!"},{"d":"Euro BTP","s":"EUREX:FBTP1!"},{"d":"Euro BOBL","s":"EUREX:FGBM1!"}]},{"title":"Forex","originalTitle":"Forex","symbols":[{"d":"EUR to USD","s":"FX:EURUSD"},{"d":"GBP to USD","s":"FX:GBPUSD"},{"d":"USD to JPY","s":"FX:USDJPY"},{"d":"USD to CHF","s":"FX:USDCHF"},{"d":"AUD to USD","s":"FX:AUDUSD"},{"d":"USD to CAD","s":"FX:USDCAD"}]}],"realType":"embed"}</script></div><p>In fact, Warren Buffett and <strong>Berkshire Hathaway</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=BRK.B" target="_blank">BRK.B</a>) now hold nearly $350 billion in T-bills – more than the Fed has on its balance sheet.</p><p>Invest with the Oracle of Omaha? It's probably easier than you think. Here's <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/savings/how-to-buy-treasury-bills"><u>how to buy Treasury bills</u></a>.</p><p>By the closing bell, the <strong>Dow Jones Industrial Average</strong> had gained 0.9% to 44,494, though the <strong>S&P 500</strong> had lost 0.1% to 6,198 and the <strong>NasdaqComposite</strong> was off 0.8% at 20,202.</p><h2 id="trump-vs-musk-2">Trump vs Musk</h2><p>Trump continues to take shots at Powell, whom he nominated for Fed chair during his first administration. The president is also pursuing a fresh feud with another he once held close, <strong>Tesla</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=TSLA" target="_blank">TSLA</a>, -5.3%) CEO Elon Musk.</p><p>The erstwhile DOGE administrator opposes Trump's Big Beautiful Bill as a waste of taxpayer money. And he's triggered a response from the president, with potential impact on TSLA's share price incoming.</p><p>"Elon may get more subsidy than any human being in history, by far," Trump posted on <a data-analytics-id="inline-link" href="https://truthsocial.com/@realDonaldTrump/posts/114776149269773065" target="_blank"><u>Truth Social</u></a>, "and without subsidies, Elon would probably have to close up shop and head back home to South Africa."</p><div class="tradingview-widget-container"> <div class="tradingview-widget-container__widget"></div> <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-single-quote.js" async>{"source":"singleQuote","id":"a2df6186-7971-4a61-887e-75b40721dc32","colorTheme":"light","isTransparent":false,"locale":"en","width":"350","symbol":"tsla","realType":"embed"}</script></div><p>What <a data-analytics-id="inline-link" href="https://www.linkedin.com/in/daniel-ives-542321a8/" target="_blank"><u>Dan Ives</u></a> describes as a "best friends forever" situation "has now turned into a soap opera that remains an overhang on Tesla's stock, with investors fearing that the Trump administration will be more hawkish and show scrutiny around Musk-related U.S. government spending."</p><p>The Wedbush analyst and longtime TSLA bull notes specifically potential drags for Tesla and SpaceX, "and most importantly the autonomous future with the regulatory environment key to the future of robotaxis and cybercabs."</p><p>Still, Ives concludes, "At the end of the day Musk needs Trump and Trump needs Musk given the AI arms race going on between the U.S. and China."</p><p>The analyst reiterated his Outperform (Buy) rating and his $500 12-month target price for TSLA stock.</p><h3 class="article-body__section" id="section-related-content"><span>Related content</span></h3><ul><li><a href="https://www.kiplinger.com/investing/ai-vs-the-stock-market-june-2025">AI vs the Stock Market: How Did Alphabet, Nike and Industrial Stocks Perform in June?</a></li><li><a href="https://www.kiplinger.com/investing/etfs/603452/commodity-etfs-to-ease-inflation-worries">5 Best Commodity ETFs to Buy Now</a></li><li><a href="https://www.kiplinger.com/investing/etfs/best-vanguard-etfs">The Best Vanguard ETFs to Buy</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/investing/stocks/stock-market-today-another-quarter-more-mixed-price-action</link> <description> <![CDATA[ "Up and to the right" remains the general trend despite persistent uncertainty around critical policy issues. ]]> </description> <guid isPermaLink="false">iRWyec95LrsvSPfjsvU5ck</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/XPEL5PRbbqF2rH9VmDzsJA.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Tue, 01 Jul 2025 20:05:49 +0000</pubDate> <category><![CDATA[Stocks]]></category> <category><![CDATA[Investing]]></category> <dc:creator><![CDATA[ David Dittman ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/XPEL5PRbbqF2rH9VmDzsJA.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[green arrow up yellow lightning bolt red arrow down mixed day for stocks]]></media:text> <media:title type="plain"><![CDATA[green arrow up yellow lightning bolt red arrow down mixed day for stocks]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/XPEL5PRbbqF2rH9VmDzsJA-1200-80.jpg" /> </item> <item> <title><![CDATA[ Over 100k Medicare Accounts Breached in Latest Hack: Was Yours One? ]]></title> <dc:content><![CDATA[ <p>Be on the lookout for a letter from <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/medicare-basics-things-you-need-to-know">Medicare & Medicaid Services</a> (CMS). The government agency that provides medical insurance for more than 67 million Americans 65 and older is notifying <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/what-you-will-pay-for-medicare-in-2025">Medicare beneficiaries</a> that they may have been part of a data breach in which fake accounts were created in their names.</p><p>In a <a data-analytics-id="inline-link" href="https://www.cms.gov/newsroom/press-releases/cms-notifies-individuals-potentially-impacted-data-incident" target="_blank">press release</a> issued Monday, CMS said it had identified suspicious activity related to the unauthorized creation of certain beneficiary online accounts using personal information obtained from unknown external sources.</p><p>CMS reported that roughly 103,000 beneficiaries might have been affected by the recent data breach. The agency is currently mailing notifications to the individuals, informing them of the incident and outlining steps they can take to protect their personal information.</p><h2 id="how-the-medicare-breach-happened-2">How the Medicare breach happened</h2><p>On May 2, 2025, CMS’s 1-800-MEDICARE call center began receiving inquiries from beneficiaries regarding letters they received confirming Medicare.gov accounts had been created in their names, the agency said. However, the beneficiaries hadn't created the accounts.</p><p>CMS launched an investigation and found malicious actors had fraudulently created new accounts between 2023 and 2025 using valid beneficiary information, including Medicare Beneficiary Identifiers (MBI), coverage start date, last name, date of birth, and zip code.</p><p>Once these unauthorized accounts were established, bad actors may have accessed additional beneficiary data, including the following:</p><p><strong>-Provider information<br>-Mailing address<br>-Dates of service<br>-Diagnosis codes<br>-Services received<br>-Plan premium details</strong></p><h2 id="what-cms-is-doing-2">What CMS is doing </h2><p>CMS said it is not aware of any reports of <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/how-to-guard-against-identity-theft">identity fraud</a> or misuse of the information due to this fraudulent activity, but said out of an abundance of caution, it is taking steps to safeguard beneficiaries' information, including:</p><p><strong>-Deactivating all fraudulently created Medicare.gov accounts</strong></p><p><strong>-Disabling the ability to create new Medicare.gov accounts from foreign IP addresses to prevent further exploitation</strong></p><p><strong>-Continuing to monitor claims data for any suspicious activity and replacing MBIs for affected individuals</strong></p><p><strong>-Mailing new Medicare cards with new MBIs to beneficiaries as needed</strong></p><h2 id="what-you-can-do-2">What you can do </h2><p>If you receive a letter in the mail from CMS, review your Medicare Summary Notices and Explanation of Benefits and see if you spot any unfamiliar charges or services. Report any suspicious activity to 1-800-MEDICARE (1-800-633-4227) or the Office of Inspector General at <a data-analytics-id="inline-link" href="http://oig.hhs.gov/fraud/report-fraud/"><u>oig.hhs.gov/fraud/report-fraud/</u></a>. It's also important to obtain a free annual <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/how-to-fix-errors-in-your-credit-report">credit report</a> through www.annualcreditreport.com or by calling 1-877-322-8228.</p><p>If you are a victim of identity theft or fraud, file reports with local law enforcement and/or the Federal Trade Commission by phone at 1-877-IDTHEFT (1-877-438-4338) or online at www.ftc.gov/idtheft if any identity theft concerns arise.</p><h2 id="why-hackers-go-after-medicare-2">Why hackers go after Medicare </h2><p>Medicare is a prime target for hackers because of the information they can steal to use for identity theft and financial gain. With stolen Medicare information, bad actors can file fake claims for health care services, medicine and supplies, which cost the government and individuals money.</p><p>Medicare information includes a lot of personal identifying data such as names, addresses, birthdates and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/601708/social-security-basics-12-things-you-must-know-about-claiming-and">Social Security</a> numbers. Hackers can use this information to steal a person’s identity, open credit cards in their name, hack into their bank accounts, or take other actions for financial gain. They can even use Medicare information to commit insurance fraud.</p><p>The best way to protect your Medicare number is to treat it like a credit card and be careful with whom you share it. Make sure to regularly review your statements, and if you spot any suspicious activity, report it immediately.</p><h3 class="article-body__section" id="section-related-content"><span>Related content </span></h3><ul><li><a href="https://www.kiplinger.com/retirement/medicare/medicare-changes-coming-in-2026">Five Medicare Changes Coming in 2026</a></li><li><a href="https://www.kiplinger.com/retirement/medicare/what-medicare-gives-you-for-free">19 Things Medicare Gives You for Free</a></li><li><a href="https://www.kiplinger.com/retirement/medicare/changes-to-medicare-in-the-one-big-beautiful-bill-act">Four Changes to Medicare in the One Big Beautiful Bill Act</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/retirement/medicare/medicare-accounts-breached-in-latest-hack-was-yours-one</link> <description> <![CDATA[ Letters are going out to 103,000 Medicare beneficiaries who may have been impacted. Here's how to protect your identity and benefits. ]]> </description> <guid isPermaLink="false">ttyZMikbcWw834oGHknrYe</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/954ftuyYDtP6Hyh6hagiKF.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Tue, 01 Jul 2025 19:09:56 +0000</pubDate> <category><![CDATA[Medicare]]></category> <category><![CDATA[Retirement]]></category> <author><![CDATA[ donna.fuscaldo@futurenet.com (Donna Fuscaldo) ]]></author> <dc:creator><![CDATA[ Donna Fuscaldo ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/954ftuyYDtP6Hyh6hagiKF.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[An older couple stare at a laptop worried about their Medicare benefits.]]></media:text> <media:title type="plain"><![CDATA[An older couple stare at a laptop worried about their Medicare benefits.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/954ftuyYDtP6Hyh6hagiKF-1200-80.jpg" /> </item> <item> <title><![CDATA[ Why Elon Musk, Most Americans Oppose Trump's 'Big Beautiful' Tax Bill ]]></title> <dc:content><![CDATA[ <p>The One Big Beautiful Bill Act, which just passed the U.S. Senate, is being pitched by many in the GOP as a once-in-a-generation tax overhaul. Supporters say it will put money back in Americans’ pockets and restore the United States’ economy.</p><p>And that’s not really surprising since for a while now, President Trump has promised “the biggest, most beautiful tax cut you’ve ever seen,” insisting that families and businesses alike will reap the rewards.</p><p>But as the Republican-led Congress rushes to meet a chosen July 4 deadline to pass Trump’s self-dubbed “<a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/trump-pushes-for-one-bill-with-focus-on-tax-cuts">one big, beautiful bill,</a>” critics of the legislation — including some Republican lawmakers — are sounding the alarm about who stands to lose.</p><p>The stakes are high for U.S. taxpayers: Will the bill deliver on Trump’s promises, or hurt the middle class in favor of tax cuts for the wealthy?</p><p>Here’s more of what you need to know.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_hEB3ir3W_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="hEB3ir3W"> <div id="botr_hEB3ir3W_a7GJFMMh_div"></div> </div> </div></div><h2 id="elon-musk-calls-bill-utterly-insane-and-destructive-2">Elon Musk calls bill 'utterly insane and destructive'</h2><p>Trump ally, Elon Musk, CEO of Tesla and SpaceX, formerly of Trump’s Department of Government Efficiency (<a data-analytics-id="inline-link" href="https://doge.gov/savings" target="_blank">DOGE</a>) fame, has recently emerged as a vocal opponent of the GOP's mega reconciliation legislation.</p><p>“Every member of Congress who campaigned on reducing government spending and then immediately voted for the biggest debt increase in history should hang their head in shame!” Musk <a data-analytics-id="inline-link" href="https://x.com/elonmusk/status/1939776586989150590" target="_blank"><u>wrote on X</u></a> this week..</p><p>Musk also decried that the “utterly insane and destructive bill “will destroy millions of jobs in America and cause irreparable harm to our energy and technology sectors.”</p><p>Republican Sen. <a data-analytics-id="inline-link" href="https://www.tillis.senate.gov/" target="_blank"><u>Thom Tillis</u></a> of North Carolina has also voiced concerns about the “Big Beautiful Bill,” particularly its proposed reductions in Medicaid funding. Tillis announced earlier this week that he won’t seek reelection after voting against the bill in a recent key procedural Senate vote.</p><p>Meanwhile, recent polling shows public opinion is running against the bill.</p><p>According to a recent <a data-analytics-id="inline-link" href="https://www.pewresearch.org/short-reads/2025/06/17/how-americans-view-the-gops-budget-and-tax-bill/" target="_blank">Pew Research Center poll,</a> only 27% of Americans believe the big bill will help people like them, while 51% think it will hurt the middle class.</p><p>The Kaiser Family Foundation’s <a data-analytics-id="inline-link" href="https://www.kff.org/affordable-care-act/press-release/poll-public-views-big-beautiful-bill-unfavorably-by-nearly-a-2-1-margin-democrats-independents-and-non-maga-republicans-oppose-it-while-maga-supporters-favor-it-favorability-ero/" target="_blank">latest survey</a> echoes those concerns: 56% of respondents say they are “very worried” or “somewhat worried” that the bill’s benefits will primarily go to the wealthy and corporations, rather than to ordinary families.</p><h2 id="what-s-in-trump-s-big-beautiful-bill-2">What’s in Trump's 'big beautiful bill'?</h2><p>Republicans are framing the One Big Beautiful Bill Act (OBBBA) as an expansion of Trump’s 2017 <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/what-is-the-tcja">Tax Cuts and Jobs Act</a> (TCJA), which cut corporate and individual tax rates, doubled the standard deduction, and temporarily reduced rates for most income <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/tax-brackets/602222/income-tax-brackets">tax brackets.</a></p><p>However, studies show that the so-called “Trump tax cuts,” many of which would expire at the end of this year if Congress doesn’t act, also ballooned the deficit and disproportionately <a data-analytics-id="inline-link" href="https://www.cbpp.org/research/federal-tax/the-2017-trump-tax-law-was-skewed-to-the-rich-expensive-and-failed-to-deliver" target="_blank"><u>benefited the wealthy</u></a>.</p><p>The new Trump tax bill would go further, with deeper cuts to so-called “safety net” programs like <a data-analytics-id="inline-link" href="https://www.medicaid.gov/" target="_blank"><u>Medicaid</u></a>, additional corporate rate reductions, and a sweeping deregulation agenda.</p><p>Here are some key points about the OBBBA:</p><ul><li><strong>Makes 2017 Tax Cuts Permanent:</strong> Extends and makes permanent key TCJA provisions, including lower individual tax rates, higher <a href="https://www.kiplinger.com/taxes/tax-deductions/602223/standard-deduction">standard deduction</a>, and business deductions</li><li><strong>Creates New Temporary Tax Deductions:</strong> Introduces tax breaks for <a href="https://www.kiplinger.com/taxes/new-gop-car-loan-tax-deduction">auto loan interest</a> on U.S.-made vehicles, <a href="https://www.kiplinger.com/taxes/are-tips-taxable">tips</a>, and <a href="https://www.kiplinger.com/taxes/whats-happening-with-taxes-on-overtime-pay">overtime pay </a>for certain workers</li><li><strong>Expands or Modifies Existing Tax Credits:</strong> Increases the <a href="https://www.kiplinger.com/taxes/child-tax-credit">child tax credit</a>, expands employer-provided childcare credits, and introduces a new <a href="https://www.kiplinger.com/taxes/senate-seeks-bigger-tax-break-for-retirees-over-65">bonus deduction for older adults</a></li><li><strong>Maintains or Increases Estate Tax Exemption:</strong> Keeps the <a href="https://www.kiplinger.com/taxes/whats-the-new-estate-tax-exemption">estate tax exemption</a> at a higher level, allowing more wealth to be transferred tax-free</li><li><strong>Reduces or Eliminates Key Tax Benefits:</strong> Repeals or phases out certain clean energy tax credits like federal solar tax credits and the <a href="https://www.kiplinger.com/taxes/ev-tax-credit">EV tax credit</a>, and tightens rules for other deductions</li><li><strong>Changes ‘Safety Net’ Programs: </strong>Implements new work requirements and more frequent eligibility checks for Medicaid and <a href="https://www.kiplinger.com/taxes/millions-could-lose-snap-food-benefits-under-trump">SNAP</a>, which could result in reduced coverage for millions and potentially make it harder for some people to get food benefits.</li><li><strong>Creates New Child Savings Accounts</strong>: Establishes tax-deferred <a href="https://www.kiplinger.com/taxes/gop-proposes-maga-savings-accounts">“Trump Savings Accounts”</a> for newborns.</li><li><strong>Increases the Federal Deficit and Raises Debt Limit:</strong> Projected to add trillions to the federal deficit over a decade, according to nonpartisan budget estimates. The bill would also raise the debt limit to either $ 4 or $ 5 trillion.</li></ul><p><em>*This is not an all-inclusive list of what’s in the bill. It would also fund mass deportations, border security, and military spending, and impact student loans. </em></p><p><em>Trump’s proposed “big, beautiful bill” would cap federal student loan amounts, end subsidized loans, increase repayment periods, and restrict payment pauses and forbearance.</em></p><p>The Congressional Budget Office<a data-analytics-id="inline-link" href="https://www.cbo.gov/publication/61461" target="_blank"><u> (CBO) expects</u></a> Trump’s “One Big Beautiful Bill” would reduce revenues by about $4.5 trillion, add nearly $3.3 trillion to the federal deficit over the next ten years, and cut spending by an estimated $1.2 trillion.</p><p>But the <a data-analytics-id="inline-link" href="https://www.whitehouse.gov/articles/2025/06/the-one-big-beautiful-bill-slashes-deficits-national-debt-while-unleashing-economic-growth/" target="_blank"><u>White House </u></a>and the President’s Council of Economic Advisers argue that their own models — which assume faster economic growth — would lower deficits.</p><h2 id="medicaid-cuts-2">Medicaid cuts?</h2><p>The Senate bill proposes substantial changes to Medicaid, including stricter work requirements for able-bodied adults, more frequent reviews of eligibility, and significant reductions in federal funding.</p><p>If passed, these changes would mark the most significant cuts to the program since its inception.</p><p><strong>Another key concern?</strong> The CBO <a data-analytics-id="inline-link" href="https://www.cbo.gov/publication/61461" target="_blank"><u>estimates</u></a> the changes could leave nearly 12 million more people uninsured by 2034.</p><p>Sen. Tillis has argued that these Medicaid changes would burden on residents in his state, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/state-by-state-guide-taxes/north-carolina">North Carolina</a>, and lead to significant cuts in healthcare coverage for many, putting additional strain on hospitals and rural health services.</p><p>It’s worth noting that several other Republican senators — including Susan Collins of Maine, Josh Hawley of <a data-analytics-id="inline-link" href="https://www.kiplinger.com/state-by-state-guide-taxes/missouri">Missouri</a>, Rand Paul of Kentucky, Ron Johnson of Wisconsin, Jim Justice of <a data-analytics-id="inline-link" href="https://www.kiplinger.com/state-by-state-guide-taxes/west-virginia">West Virginia</a>, and Lisa Murkowski of Alaska — also expressed some concerns regarding the Medicaid cuts in the Senate version of Trump’s big bill.</p><p>Elon Musk <a data-analytics-id="inline-link" href="https://x.com/elonmusk/status/1939806847504105683" target="_blank"><u>criticized</u></a> provisions in the bill that would impose new taxes on wind and solar projects, claiming they would “destroy millions of jobs” and harm the energy sector.</p><p><em>Note: The bill cuts tax breaks for </em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/tax-law/homeowners-rush-to-install-solar-panels"><em>solar</em></a><em>, wind, and EV purchases, which some say could potentially slow adoption and make the technologies less affordable.</em></p><p>On X, Musk also threathened to create a new political party if Congress passes the bill. Meanwhile, Tesla shares dropped in pre-market trading Tuesday, as the billionaire labeled the GOP the "porky pig party."</p><h2 id="trump-tax-bill-who-benefits-2">Trump tax bill: Who benefits?</h2><p>On paper, the bill offers some short-term relief for middle-class taxpayers.</p><ul><li>The House GOP version of the OBBBA would permanently extend the doubled standard deduction and add some new tax credits from 2025 to 2028.</li><li>The Senate version would make the federal child tax credit (CTC) permanent and increase its maximum value, with <a href="https://www.kiplinger.com/taxes/604977/inflation-and-taxes">inflation adjustments </a>in future years.</li><li>Temporary tax relief for overtime pay, tip income, and <a href="https://www.kiplinger.com/taxes/new-gop-car-loan-tax-deduction">car loan interest</a> is also attractive to some.</li></ul><p>However, several organizations note that the long-term benefits of the bill’s provisions skew toward higher earners.</p><p>According to the <a data-analytics-id="inline-link" href="https://budgetlab.yale.edu/" target="_blank"><u>Yale Budget Lab</u></a>, the top 20% (those making over $120,000 a year) will gain about $5,700 more each year, while the poorest 20% (those making under $13,350) will lose about $700 a year.</p><ul><li>The CBO found similar results: the most affluent households could get an extra $12,000 a year, but the poorest lose about $1,600.</li><li>Middle-income families gain a modest $500 to $1,000 a year.</li><li>The top 1% could keep an extra $78,650 each year, while the average family in the bottom fifth would only see a $160 tax cut.</li></ul><p>A White House <a data-analytics-id="inline-link" href="https://www.whitehouse.gov/articles/2025/06/president-trumps-one-big-beautiful-bill-prevents-the-largest-tax-hike-in-history-and-unleashes-economic-growth/" target="_blank"><u>fact sheet</u></a> says, “Hardworking Americans and families will see an average increase in take-home pay of OVER $10,000 per year. Historic Tax Relief for Workers: 15% tax cut for Americans earning between $30,000 and $80,000 per year.”</p><p>Based on that, a typical middle earner (someone making between $30,000 and $80,000) might see their paycheck increase by approximately $35 to $70 each pay period, depending on their specific situation.</p><p>And with Medicaid and food stamp cuts, added to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/whats-happening-with-trump-tariffs">tariffs </a>and inflation, many middle-class families could feel worse off, facing new financial strains and reduced access to care.</p><h2 id="the-one-big-beautiful-bill-act-what-s-next-2">The One Big Beautiful Bill Act: What's next?</h2><p>The OBBBA, Trump’s signature legislation for this second term, is racing toward the finish line.</p><p>However, Democrats, some former Trump allies, and several independent organizations point out that the bill appears to be a significant win for the wealthy. At the same time, most working families and households with lower incomes could end up with less support.</p><p>With all the back-and-forth and so much at stake, it’s important to watch what happens next and stay informed about what the 2025 Trump tax reform could mean for you and your money.</p><h3 class="article-body__section" id="section-read-more"><span>Read More</span></h3><ul><li><a href="https://www.kiplinger.com/taxes/no-social-security-tax-cut-in-trumps-big-bill">No Social Security Tax Cuts in Trump's Big Bill</a></li><li><a href="https://www.kiplinger.com/taxes/gop-proposes-maga-savings-accounts">The GOP Wants to Auto-Enroll Your Child in a Trump Savings Account</a></li><li><a href="https://www.kiplinger.com/taxes/new-gop-car-loan-tax-deduction">New GOP Car Loan Tax Deduction: Who Qualifies?</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/taxes/trump-tax-bill-why-elon-musk-and-most-americans-say-it-isnt-so-beautiful</link> <description> <![CDATA[ President Trump is betting big on his new tax cuts being passed by July 4. But not everyone is on board. ]]> </description> <guid isPermaLink="false">F3t8B2G2et9avbVfGrgzX7</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/KACSpyyuVvTej8EEGxXueB.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Tue, 01 Jul 2025 15:07:00 +0000</pubDate> <category><![CDATA[Taxes]]></category> <category><![CDATA[Tax Law]]></category> <dc:creator><![CDATA[ Kelley R. Taylor ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/KACSpyyuVvTej8EEGxXueB.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[thumbs down rendering of US flag]]></media:text> <media:title type="plain"><![CDATA[thumbs down rendering of US flag]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/KACSpyyuVvTej8EEGxXueB-1200-80.jpg" /> </item> <item> <title><![CDATA[ What's Happening With the New Jersey State Budget? ]]></title> <dc:content><![CDATA[ <p>New Jersey faced a possible government shutdown if the state’s 2026 budget wasn’t signed on time. After delaying a committee vote until late June, lawmakers finally approved a <a data-analytics-id="inline-link" href="https://pub.njleg.state.nj.us/Bills/2024/S2500/2026_I1.PDF" target="_blank"><u>376-page spending proposal</u></a> this week — which Gov. Phil Murphy signed — just in time for the new fiscal year, which begins today, on July 1.</p><p>The budget is nearly $59 billion, the largest amount ever in the state’s history. Meanwhile, increased taxes — such as the ‘mansion tax’ — may cost New Jersey homeowners more.</p><p>And while record-high spending on schools is in the budget, other programs designed to provide tax relief to older adults, such as Stay NJ, could face an uncertain future.</p><p>So what might you expect in the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/state-by-state-guide-taxes/new-jersey"><u>New Jersey</u></a> 2026 budget? Read on.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_hEB3ir3W_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="hEB3ir3W"> <div id="botr_hEB3ir3W_a7GJFMMh_div"></div> </div> </div></div><h2 id="what-is-nj-trying-to-tax-now-2">What is NJ trying to tax now? </h2><p>As previously reported by Kiplinger, eligible <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/new-jersey-property-tax-relief-could-break-record"><u>New Jersey residents will receive property tax relief</u></a> under the 2026 budget. However, a lot has changed since Gov. Murphy’s <a data-analytics-id="inline-link" href="https://www.nj.gov/governor/news/news/562025/20250228c.shtml" target="_blank"><u>initial budget bill</u></a> in February.</p><p>Here are a few of the tax increases slated in the state’s 2026 budget:</p><ul><li><strong>Higher taxes on vapes and cigarettes. </strong>The vape tax rate would increase by as much as 200%, and the cigarette tax would increase by over 10%.</li><li><strong>Higher tax rates on online gambling (15%) and sports wagers (13%). </strong>The new state budget increases both tax rates to 19.75%, instead of Murphy’s 25%.</li><li><strong>Higher “millionaire’s tax” on high-value homes. </strong><em>(More on that below). </em></li></ul><h2 id="new-jersey-millionaire-mansion-tax-2">New Jersey ‘Millionaire mansion tax’ </h2><p>New Jerseyans with high-value homes didn’t get out of bill negotiations scot-free. Contained in a tangential bill was a New Jersey “mansion tax.”</p><ul><li>A 2% tax on properties sold between $2 million and $2.5 million.</li><li>An additional 0.5% for every $500,000 in home value above $2.5 million.</li><li>A 3.5% cap for homes worth $3.5 million or more.</li></ul><p>However, sellers will pay the fee, not the buyers, which is a significant change from <a data-analytics-id="inline-link" href="https://www.nj.gov/governor/index.shtml" target="_blank"><u>Gov. Murphy’s</u></a> initial proposal. The change may help buyer affordability, but could harm affected sellers looking to move within or out of the Garden State.</p><h2 id="new-jersey-property-tax-relief-stay-nj-2">New Jersey property tax relief: Stay NJ</h2><p>Despite record spending, <a data-analytics-id="inline-link" href="https://www.nj.gov/governor/news/news/562025/approved/20250630d.shtml" target="_blank"><u>the governor’s office estimates</u></a> that New Jersey is anticipated to end the 2026 fiscal year with a surplus of approximately $6.7 billion.</p><p>Yet that might not be enough to fund <a data-analytics-id="inline-link" href="https://www.nj.gov/treasury/staynj/" target="_blank"><u>Stay NJ</u></a> — a new property tax program for older adults that is expected to pay out every year.</p><ul><li>The new budget sets aside $600 million for Stay NJ payouts in 2026.</li><li>However, this amount has been accumulated in three years.</li><li>This means the next governor will need to find an additional $600 million in one year to keep the program funded for 2027, which may be a hard task, considering the uncertain future of federal funding.</li></ul><h2 id="new-jersey-governor-election-budget-woes-2">New Jersey governor election: Budget woes? </h2><p>Since Gov. Murphy is not eligible for a third term, a new governor will be elected this fall.</p><p>According to a <a data-analytics-id="inline-link" href="https://www.nj.gov/governor/news/news/562025/approved/20250630d.shtml" target="_blank"><u>press release</u></a>, Murphy “inherited a $409 million surplus from his predecessor…[and] will leave his successor with a surplus 16 times greater than that amount.”</p><p><strong>However, that might not be enough for the new governor during an unusual tax year. </strong></p><p>The GOP-controlled U.S. Congress is currently considering major tax cuts in funding for state programs, like Medicaid. Like many other states, New Jersey is expected to be affected by variability in this funding, with the state’s Department of Human Services predicting a <a data-analytics-id="inline-link" href="https://www.nj.gov/humanservices/news/pressreleases/2025/approved/20250530.shtml" target="_blank"><u>$3.6 billion annual cost</u></a> to Garden State Medicaid programs.</p><p>In addition, New Jersey’s new budget is expected to have a nearly $1.5 billion structural deficit, per the New Jersey Office of Legislative Services (<a data-analytics-id="inline-link" href="https://pub.njleg.state.nj.us/publications/budget/governors-budget/2026/tax_revenue_analysis_fy26.pdf" target="_blank"><u>OLS</u></a>). All these budget woes could prove challenging for the new governor come election time.</p><p>Keep informed and stay tuned for more updates.</p><h3 class="article-body__section" id="section-read-more"><span>Read More</span></h3><ul><li><a href="https://www.kiplinger.com/taxes/new-jersey-anchor-program-payments">How Do I Apply For New Jersey ANCHOR Benefits?</a></li><li><a href="https://www.kiplinger.com/taxes/new-jersey-property-tax-programs">New Jersey Property Tax Programs: What to Know</a></li><li><a href="https://www.kiplinger.com/taxes/new-jersey-senior-freeze-program-checks">‘Senior Freeze’ Program Checks in New Jersey</a></li><li><a href="https://www.kiplinger.com/state-by-state-guide-taxes/new-jersey">New Jersey Tax Guide</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/taxes/whats-happening-with-the-new-jersey-state-budget</link> <description> <![CDATA[ The latest New Jersey tax laws include a new ‘mansion tax’ and Stay NJ payouts. Here’s what to know. ]]> </description> <guid isPermaLink="false">rr3iJrMjMxXY7ic2Whrg8c</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/vQtNGrseT3qENVNAsWxcHQ.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Tue, 01 Jul 2025 14:47:00 +0000</pubDate> <category><![CDATA[Taxes]]></category> <category><![CDATA[State Tax]]></category> <category><![CDATA[Tax Law]]></category> <dc:creator><![CDATA[ Kate Schubel ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/vQtNGrseT3qENVNAsWxcHQ.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[white question mark on a blue circle against a beige background]]></media:text> <media:title type="plain"><![CDATA[white question mark on a blue circle against a beige background]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/vQtNGrseT3qENVNAsWxcHQ-1200-80.jpg" /> </item> <item> <title><![CDATA[ 10 Best Free (or Cheap) Online Classes for Seniors and Retirees ]]></title> <dc:content><![CDATA[ <p>Every state in the U.S. <a data-analytics-id="inline-link" href="https://www.kiplinger.com/slideshow/retirement/t065-s001-free-or-cheap-college-for-retirees-in-all-50-state/index.html">offers free or almost free college courses</a> for older people, where you may be asked to attend on-campus or you may find a class online. Either way, using your brain to learn new things, gain a new talent, or just pass the time of day can help you stay ageless, curious and engaged.</p><p>Learning new skills can help senior citizens stay youthful, boost cognitive function, memory and emotional well-being. And, the studies back it up:</p><p>Scientific American shows that older adults aged 60 to 90 in a structured learning program for one year <a data-analytics-id="inline-link" href="https://www.scientificamerican.com/article/to-stay-sharp-as-you-age-learn-new-skills/)" target="_blank" rel="nofollow"><u>improved memory and attention</u></a> to levels comparable to adults 50 years younger.</p><p>A <a data-analytics-id="inline-link" href="https://www.aarp.org/research/topics/lifelong-learning.html" target="_blank" rel="nofollow"><u>study</u></a> updated in 2024 by AARP found that 55% of adults 45+ engage in learning, with 54% citing brain health as a motivator. Online platforms are the most popular (72%), especially for tech skills, enhancing cognitive and emotional vitality.</p><p>And, <a data-analytics-id="inline-link" href="https://www.health.harvard.edu/staying-healthy/how-aging-affects-focus" target="_blank" rel="nofollow"><u>Harvard Health</u></a> found that engaging in complex skill learning strengthens cognitive reserve, helping seniors maintain focus and memory despite age-related brain changes.</p><p>So, if your goal is to stay active and engaged, but you're not looking to enroll at a university, then check out these <strong>10 online learning platforms</strong> offering courses that range from learning a new language to private markets and investment strategies, and everything in between. Some platforms charge a fee per course, while others are offered at no charge.</p><h2 id="1-aarp-senior-planet-2">1. AARP Senior Planet</h2><p>If you want a program that is specifically geared to older adults, check out<a data-analytics-id="inline-link" href="https://seniorplanet.org/" target="_blank" rel="nofollow"> Senior Planet</a>, a program of AARP. From technology and health to finance and wellness, it's a good bet you'll find a class that meets your learning style, making the experience fun and educational, without the stress of weekly tests.</p><p>On the site, you'll also find a guide that includes helpful tips and tricks on how to navigate online learning platforms and maximize the benefits of these courses.</p><h2 id="2-open-learning-initiative-2">2. Open Learning Initiative</h2><p>The<a data-analytics-id="inline-link" href="http://oli.cmu.edu/independent-learner-courses/" target="_blank" rel="nofollow"> <u>Open Learning Initiative</u></a> is a series of courses offered by Carnegie Mellon University. The courses are self-paced and self-guided, so you can learn at your own pace. You can't earn credit for the classes you take, but they do provide a valuable opportunity to gain new knowledge and learn new skills. Study a new language, upskill your math skills, or explore human anatomy so you can impress the doctor on your next visit.</p><h2 id="3-edx-2">3. EdX </h2><p><a data-analytics-id="inline-link" href="https://www.edx.org/" target="_blank" rel="nofollow"><u>EdX</u></a> offers free online education courses from MIT, Berkeley, Harvard and many other well-known colleges and universities. The courses are self-paced, meaning you can go at your own speed, no rush, no set schedule, just whatever works for you, with topics that include nutrition science, private markets and investment strategies. Want something a bit flashier? They also offer an introduction to music theory and graphic design.</p><p>You won't pay a thing for taking edX open courses when you enroll in<a data-analytics-id="inline-link" href="https://support.edx.org/hc/en-us/articles/1500003964681" target="_blank" rel="nofollow"> <u>the free audit track</u></a>; however, this version doesn't offer certificates or grade your work. If you want to earn a certificate, there is a fee that ranges from $90 to $300, depending on the course.</p><h2 id="4-coursera-2">4. Coursera</h2><p>If you want to further your knowledge with degrees and professional certificates from world-class universities like Duke and the University of Michigan, then <a data-analytics-id="inline-link" href="https://www.coursera.org/?_gl=1*rl1dk3*_gcl_au*OTgxNDMwMjQzLjE3NDk1ODQ1Njc." target="_blank" rel="nofollow">Coursera</a> might be for you. It offers thousands of paid and free online courses. For example, you can learn the latest advances in data science or earn a certificate as a Microsoft project manager in four months. Plus, you can get started with a free trial.</p><h2 id="5-linkedin-2">5. LinkedIn</h2><p><a data-analytics-id="inline-link" href="https://www.linkedin.com/learning/" target="_blank" rel="nofollow"><u>LinkedIn</u></a> is best known as a social media platform that offers networking opportunities for working adults. But the platform also offers a mixed bag of courses. You can develop the critical skills you need to start a new career if you decide to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/leaving-retirement-things-to-consider-before-you-unretire">unretire</a>, or just learn something new to keep up with the grandkids. Even if you have no intention to return to work, you can stay on top of the latest advancements in AI or learn how to create a spreadsheet in Excel, which can come in handy when preparing <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/how-to-save-money/best-budgeting-apps">next month’s budget</a>.</p><h2 id="6-academic-earth-2">6. Academic Earth</h2><p><a data-analytics-id="inline-link" href="https://academicearth.org/" target="_blank" rel="nofollow">Academic Earth</a> is a fantastic resource for senior citizens looking to dive into high-quality education from top universities like Princeton and Oxford. The self-paced, at-home setup with no time or location restrictions is perfect for flexible learning across various subjects like business, science, humanities, and law. Anything specific you want to explore — free of charge? That’s another advantage for retirees on a budget.</p><h2 id="7-skillshare-2">7. Skillshare</h2><p><a data-analytics-id="inline-link" href="https://www.skillshare.com/en/" target="_blank" rel="nofollow"><u>Skillshare</u></a> is an online learning community where you, along with your kids and grandkids, can discover a new skill, take a new course, or even teach a class. The people at Skillshare believe that learning by doing is the best way to gain a new skill and expand your creativity. Explore a new passion or hone your talent with classes that range from beginner to expert. Pricing varies, and you’ll have to create an account to see how much each course costs.</p><h2 id="8-great-courses-2">8. Great Courses </h2><p>The <a data-analytics-id="inline-link" href="https://www.thegreatcoursesplus.com/shop" target="_blank" rel="nofollow">Great Courses</a> site offers hundreds of courses across every subject, from Ancient Cities of the Mediterranean and a Field Guide to the Planets, to Learning French and the Art of Travel Photography. The courses are super catchy and sure to keep you hooked, and are taught by top-notch professors and subject matter experts. Besides that, you can learn at your own pace. The platform is compatible with Apple TV and Kindle Fire and even offers DVDs. It has a pay-per-course pricing module and comes with lifetime access when you sign up. At various times of the year, you can also find discounts on many of the best courses, so check back.</p><h2 id="9-youtube-2">9. YouTube </h2><p><a data-analytics-id="inline-link" href="https://www.youtube.com/@learning" target="_blank" rel="nofollow">YouTube</a> is an amazing platform (and personal favorite) that offers hundreds of videos on various topics (not just funny dog videos). You can pick up a new hobby, learn to cook pasta, find out about climate change, or even learn more about beginner yoga poses, their benefits, and how to practice them. Most classes are free, but some charge a small subscription fee. Some of the top learning channels on YouTube include<a data-analytics-id="inline-link" href="https://www.youtube.com/user/Vsauce"> </a><a data-analytics-id="inline-link" href="https://www.youtube.com/user/crashcourse" target="_blank" rel="nofollow"><u>Crash Course</u></a>, <a data-analytics-id="inline-link" href="https://www.youtube.com/user/Vsauce" target="_blank" rel="nofollow"><u>Vsauce</u></a> and <a data-analytics-id="inline-link" href="https://www.youtube.com/user/destinws2" target="_blank" rel="nofollow"><u>SmarterEveryDay</u></a>.</p><h2 id="10-learn-out-loud-2">10. Learn Out Loud </h2><p><a data-analytics-id="inline-link" href="https://www.learnoutloud.com/" target="_blank" rel="nofollow">Learn Out Loud</a> is a one-stop destination for both audio and video learning. It has over 90,000 audiobooks, podcasts and videos where you can learn about politics, history, business, science and more. Most courses are free. The only drawback is that everything is audio or video, so you can’t save a transcript of a course to come back to it later. Even so, with such an extensive library of learning opportunities, it’s hard to pass it up.</p><h2 id="why-take-an-online-course-in-retirement-2">Why take an online course in retirement?</h2><p>Retirees of any age who have unretired, are excited about gaining expertise, or who just want to boost their brainpower and soak up new info can check out one or more of these online platforms. While you're at it, take a look at <a data-analytics-id="inline-link" href="https://www.kiplinger.com/slideshow/retirement/t065-s001-free-or-cheap-college-for-retirees-in-all-50-state/index.html">Free (or Cheap) College for Seniors and Retirees in All 50 States </a>to<a data-analytics-id="inline-link" href="https://www.kiplinger.com/slideshow/retirement/t065-s001-free-or-cheap-college-for-retirees-in-all-50-state/index.html"> </a>level up your knowledge and add to your know-it-all stash.</p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/taxes/significant-tax-deduction-increase-proposed-for-those-over-65">Big Tax Deduction Increase Proposed for Those Over Age 65</a></li><li><a href="https://www.kiplinger.com/retirement/happy-retirement/best-places-to-retire-in-the-us">Best Places to Retire in the U.S.</a></li><li><a href="https://www.kiplinger.com/how-to-find-the-best-retirement-community">How to Find the Best Retirement Community for You</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/retirement/happy-retirement/best-free-or-cheap-online-classes-for-seniors-and-retirees</link> <description> <![CDATA[ Check out these free or affordable online classes for retirees and grab some extra smarts. ]]> </description> <guid isPermaLink="false">ukHiPdiDyfXx4PdDGRcucC</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/uBe4AKArrqj9k6SPQ9E8rj.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Tue, 01 Jul 2025 13:30:00 +0000</pubDate> <category><![CDATA[Happy Retirement]]></category> <category><![CDATA[Retirement]]></category> <author><![CDATA[ upnorthwriter@icloud.com (Kathryn Pomroy) ]]></author> <dc:creator><![CDATA[ Kathryn Pomroy ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/uBe4AKArrqj9k6SPQ9E8rj.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[Woman, senior mom and laptop with teaching, reading and typing for email notification, web or search. Computer, elderly mother and daughter with click, learning and family home lounge on social media]]></media:text> <media:title type="plain"><![CDATA[Woman, senior mom and laptop with teaching, reading and typing for email notification, web or search. Computer, elderly mother and daughter with click, learning and family home lounge on social media]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/uBe4AKArrqj9k6SPQ9E8rj-1200-80.jpg" /> </item> <item> <title><![CDATA[ This 401(k) Withdrawal Snafu Could Knock Your Portfolio off Course ]]></title> <dc:content><![CDATA[ <p>There’s no shortage of things that can knock retirement savers off track. Bear markets. Panic selling. Market timing.</p><p>But there’s another less-known landmine: A 401(k) withdrawal rule that automatically redeems some investment funds before others when retirees decide to withdraw money.</p><p>The downside? Retirees who own multiple funds in their retirement accounts, such as a large-cap stock fund, a bond fund or an interest-yielding money market, could get hurt when their 401(k) plan pulls money from one of the funds they own that they did not intend to sell.</p><p>This built-in, often undisclosed selling protocol can knock a portfolio asset allocation out of whack, potentially causing the portfolio to take on a riskier profile.</p><p>It’s called the “hierarchy trap.”</p><h2 id="the-401-k-withdrawal-snafu-the-little-known-hierarchy-trap-2">The 401(k) withdrawal snafu — the little-known hierarchy trap</h2><p>This obscure withdrawal protocol pertains to retirement plan rules that specify the order in which 401(k) plans process withdrawals when retirees place a sell order.</p><p>“Rules vary among 401(k) plans, depending on how employers decide to set them up, including rules they may have in place for withdrawals from your plan,” said Marci Stewart, director, client experience, at <a data-analytics-id="inline-link" href="https://workplacefinancialservices.schwab.com/" target="_blank">Charles Schwab Workplace Financial Services</a>.</p><p>Often, the 401(k) plan allows account holders to specify which fund or funds from which they want to withdraw and the amount they want to take out. However, retirement plans also have other rules that dictate more stringent selling procedures.</p><p>One common practice is for pro-rata, or proportional, withdrawals. This liquidation strategy is relatively benign, as equal amounts are pulled from each fund held in the 401(k), keeping the retiree’s asset allocation intact. Of course, if your goal is to adjust the weightings of your holdings up or down with any sale, even the pro-rata sell rule won’t achieve your goal.</p><p>But a recent <a data-analytics-id="inline-link" href="https://www.wsj.com/" target="_blank">Wall Street Journal</a> story (<a data-analytics-id="inline-link" href="https://www.wsj.com/finance/investing/401k-withdraw-funds-hierarchy-risk-profile-cb03b136" target="_blank">I Got Burned by the 401(k) ‘Hierarchy Trap’</a>) uncovered the heretofore relatively unknown hierarchy approach used by some 401(k) plans.</p><p>This method of handling 401(k) redemptions hasn’t gotten much attention and is a mystery to many financial advisers with whom we spoke. Often, there is no disclosure of this type of redemption rule in a 401(k) plan summary. The sell rules are often buried in the record keeper’s operating procedures or custodial agreements, rather than spelled out clearly in participant-facing materials.</p><p>“The hierarchy method is a fine print and disclosure problem,” said Jonathan Lee, senior portfolio manager at <a data-analytics-id="inline-link" href="https://www.usbank.com/wealth-management/private-wealth-management.html" target="_blank">U.S. Bank Private Wealth Management</a>. “At the very least, it is something that investors need to ask about, knowing that it is a possibility.”</p><p>No doubt, understanding how your 401(k) handles withdrawals is a key part of a retirement plan.</p><h2 id="what-is-the-hierarchy-trap-2">What is the 'hierarchy trap'?</h2><p><strong>Conservative investments first</strong></p><p>In a hierarchy-based system, the 401(k) plan makes withdrawals in a specific order.</p><p>Typically, a hierarchy protocol starts with the sale of the most conservative, or low-risk investments, such as a money market account. If the first fund is fully depleted and more money needs to be withdrawn, the next fund or investment in the predetermined hierarchy is sold, and so on until the full dollar amount is raised from the sale.</p><p>While this sell system is designed to preserve the growth portion of a portfolio, it comes with a downside: Money can be withdrawn from funds in a retiree’s portfolio that they had no intention of selling. This can result in a portfolio’s asset mix getting knocked out of whack, potentially altering the risk profile of the portfolio.</p><p><strong>Poor disclosure</strong></p><p>“Here’s the problem: If you’re <em>intentionally</em> trying to reduce stock exposure, the hierarchy system can work against you, pulling from the very funds you were hoping to leave untouched,” a blog post from investment management firm <a data-analytics-id="inline-link" href="https://www.hanoveradvisorsinc.com/avoiding-the-hierarchy-trap-in-your-401k" target="_blank">Hanover Advisors</a> noted. “Even worse, many plans don’t clearly disclose these rules in participant summaries. You might not know how your money will be pulled out until it’s too late.”</p><p>Some financial advisers recommend that when retirees want to make a withdrawal from their retirement accounts, they should request specific funds to be sold, not just a specific dollar amount, according to <a data-analytics-id="inline-link" href="https://www.fa-mag.com/news/beware-hidden-401-k--withdrawal-protocols-83071.html" target="_blank">FA (Financial Advisor) magazine</a>. The restrictions on clients’ withdrawals, FA magazine notes, are often imposed by the plans’ record keepers, not the plan sponsors. An employer might not even be aware of them.</p><p><strong>Your portfolio risk profile might change without you realizing it.</strong></p><p>Often, the unintended consequence of the hierarchy sell protocol is that it runs counter to one of the key pillars of a financial plan, which is to ensure retirees' holdings align with their risk tolerance.</p><p>“When you make a request for withdrawals from a retirement plan and you have the option to select where the money comes from — the bond fund or the stock fund or the money market fund — then that's all in your control, (which is fine),” said Lee. The pro-rata selling system isn’t disruptive to a portfolio, as it doesn’t alter the weightings of portfolio holdings.</p><p>“If your portfolio is 50% stocks and 50% bonds, half of the withdrawals are going to come from the bond fund and half from the stock fund,” said Lee.</p><p>In contrast, if a large distribution is pulled, say, from just the more conservative bond fund via the hierarchy method, the retiree is left with a larger weighting of riskier stock holdings, says Lee.</p><p>For example, let’s say a retiree with a $100,000 nest egg and a 50% stock/50% bond asset allocation withdraws $10,000, and the hierarchy sell system kicks in. After the $10,000 withdrawal from the bond fund (the least volatile investment), the asset allocation is now 55.6% stocks and 44.4% bonds.</p><p>The risk, of course, is that if the retiree doesn’t rebalance the portfolio to get the asset mix back in line with their financial plan, the risk complexion of the portfolio will undergo a dramatic change.</p><p>“If this happens over consecutive years, you could see your risk profile change quite significantly within a retirement account,” said Lee. “That's why it's important to understand the consequences.”</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><h2 id="how-to-avoid-the-hierarchy-trap-2">How to avoid the 'hierarchy trap'</h2><p><strong>Make sure you know the rules.</strong></p><p>Before you decide to sell, contact your 401(k) plan administrator to determine how they handle withdrawals and if they use the hierarchy sell protocol. If they do, ask for a copy of the liquidation rule so you understand it and can take proactive steps to avoid any disruption to your portfolio if you need to pull from your retirement account.</p><p>"The investor should read the fine print and disclosures if presented," said Lee.</p><p>Doing the proper due diligence is key.</p><p>"The best approach to be sure withdrawals are conducted the way you want is to specifically request which investment funds you want a withdrawal to come from, or request and confirm that the withdrawal will be pro rata if that’s your preference,” said Schwab’s Stewart.</p><p>"Also, be sure to ask about which sources will be tapped if you have investments through multiple sources in your 401(k)," (e.g., if you have both traditional tax-deferred contributions and Roth 401(k) contributions in your plan), she said.</p><p><strong>Ways to work around the 'hierarchy trap'</strong></p><p>There are ways to withdraw money from your 401(k) without compromising your set asset allocation.</p><p>Be proactive. If you want to reduce your exposure to stocks, for example, consider reallocating from equity funds into the fund that sits at the top of the withdrawal hierarchy, <em>before</em> making a redemption, Hanover Advisors recommends.</p><p>For example, if you know your plan taps your money market fund first, transfer money from your stock funds to your cash account before withdrawing funds.</p><h2 id="when-withdrawing-401-k-funds-keep-this-in-mind-2">When withdrawing 401(k) funds, keep this in mind</h2><p>The bottom line? “Understand how withdrawals are conducted, and (make sure) that withdrawal or redemption protocol keeps you in alignment with your target asset allocation and risk tolerance,” said Lee.</p><p>“Talk to the plan provider about options, and then, based on your options, take an option that puts you in control of your asset allocation. And, if you don't have the option of either pro-rata or pulling from specific funds, then you can ask about the option of a workaround.”</p><h3 class="article-body__section" id="section-read-more"><span>Read More</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/401ks/the-average-401k-balance-by-age">The Average 401(k) Balance by Age</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/the-4-rule-gets-a-closer-look">The 4% Rule for Retirement Withdrawals Gets a Second Look</a></li><li><a href="https://www.kiplinger.com/retirement/early-retirement-withdrawal-strategies-for-the-long-haul">Early Retirement Withdrawal Strategies for the Long Haul</a></li><li><a href="https://www.kiplinger.com/retirement/401ks/you-could-be-a-401k-millionaire-heres-how">You Too Can Be a 401(k) Millionaire. Here's How</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/retirement/401ks/this-401-k-withdrawal-snafu-could-knock-your-portfolio-off-course</link> <description> <![CDATA[ Few financial advisers have heard of this 401(k) withdrawal issue. Here's how to safeguard your portfolio. ]]> </description> <guid isPermaLink="false">2i7eevDRsMKkrnq3Z9pzf</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/Rc8EgtZ3XzP7QSAT36EVBK.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Tue, 01 Jul 2025 10:35:00 +0000</pubDate> <category><![CDATA[401k]]></category> <category><![CDATA[Retirement Planning]]></category> <category><![CDATA[Investing]]></category> <category><![CDATA[Retirement]]></category> <category><![CDATA[Retirement Plans]]></category> <dc:creator><![CDATA[ Adam Shell ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/Rc8EgtZ3XzP7QSAT36EVBK.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[Golf ball landing in pond, close-up, symbolizing landing in a trap or snafu.]]></media:text> <media:title type="plain"><![CDATA[Golf ball landing in pond, close-up, symbolizing landing in a trap or snafu.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/Rc8EgtZ3XzP7QSAT36EVBK-1200-80.jpg" /> </item> <item> <title><![CDATA[ A Financial Checklist for Your College-Bound Kids ]]></title> <dc:content><![CDATA[ <p>If you have a child who will attend college this fall, their education will go beyond what they learn in class. Chances are, they’ll also get a crash course in how to handle money. Your student may, for example, open a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/banking/604806/the-best-bank-for-you">bank account</a> or credit card for the first time. Your child will also need to have health insurance coverage and, if they drive a car, auto insurance. As your student prepares to head for campus, consider how you may manage these areas together.</p><h2 id="banking-essentials-2">Banking essentials</h2><p>If your child doesn’t yet have a checking account, they may want to open one for receiving financial aid money, income from a part-time job, or other funds. <a data-analytics-id="inline-link" href="https://press.lendingtree.com/about/our-experts/bio/mattschulz" target="_blank">Matt Schulz</a>, chief credit analyst at <a data-analytics-id="inline-link" href="https://lendingtree.com" target="_blank">LendingTree</a>, recommends having your child establish an account at your bank so you can quickly and easily transfer funds to their account.</p><p>If they opt to open an account at a different institution, however, you can still send money to them. Many banks allow you to make fee-free transfers to checking accounts at other institutions, although the transfer may take a few days to process.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_7xws2pdR_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="7xws2pdR"> <div id="botr_7xws2pdR_a7GJFMMh_div"></div> </div> </div></div><p>Alternatively, you could use a peer-to-peer transfer service. With <a data-analytics-id="inline-link" href="https://www.zellepay.com/" target="_blank">Zelle</a>, for example, you can instantly transfer funds directly between your checking accounts as long as at least one of your banks participates in the Zelle network, and transfers are typically fee-free. Other <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/kiplinger-readers-choice-awards-2025-peer-to-peer-apps">P2P services</a> include <a data-analytics-id="inline-link" href="https://www.apple.com/apple-cash/" target="_blank">Apple Cash</a>, <a data-analytics-id="inline-link" href="https://www.paypal.com/us/webapps/mpp/home" target="_blank">PayPal</a> and <a data-analytics-id="inline-link" href="https://venmo.com/" target="_blank">Venmo</a>. You can transfer money for free with these services, too. But the funds you send don’t go directly to the recipient’s bank account. Instead, they’re stored as a balance with the service. Moving money instantly from that balance to a bank account usually entails a fee; free transfers typically take up to three business days.</p><p>Wherever your child chooses to bank, he or she should look for an account that has no monthly fee and provides fee-free access to ATMs close to their campus. Some banks offer accounts with fee breaks for college students. <a data-analytics-id="inline-link" href="https://www.chase.com/personal/checking/student-checking" target="_blank">Chase College Checking</a>, for example, is for students ages 17 to 24 and charges no monthly fee. Chase has more than 15,000 ATMs and more than 4,700 branches across the U.S. Another good option is the <a data-analytics-id="inline-link" href="https://www.capitalone.com/bank/checking-accounts/online-checking-account/" target="_blank">Capital One 360 Checking</a><em> </em>account, which has no monthly fee or minimum-balance requirement and provides access to 70,000 ATMs fee-free.</p><p>Compare some of today's top savings rates and other banking products using the tool below, powered by Bankrate.</p><h2 id="building-credit-2">Building credit</h2><p>If your child is ready to manage a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/credit-cards">credit card</a> responsibly, using one in college can give them a head start on developing a positive credit history. Later on, a solid credit profile may help them successfully qualify to rent an apartment, for example, or take out a car loan or mortgage.</p><p>One option is to add your child as an authorized user on your credit card, which can help them build credit. As an authorized user, your child can make purchases and, depending on the card, they may gain access to your card’s perks, such as rental car insurance. If you take this route, keep in mind that you’re ultimately responsible for the card and that any missteps from the authorized user — say, racking up a big balance that’s close to your card’s limit — could hurt your <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/what-is-a-good-credit-score">credit score</a>, too.</p><p>Alternatively, your child could apply for a student credit card with a low limit, which can prevent them from overspending, says <a data-analytics-id="inline-link" href="https://financialfootwork.com/pages/about-us" target="_blank">Hillary Seiler</a>, a senior certified credit counselor and CEO of the financial education program <a data-analytics-id="inline-link" href="https://financialfootwork.com/" target="_blank">Financial Footwork</a>. <a data-analytics-id="inline-link" href="https://www.capitalone.com/credit-cards/savor-student/" target="_blank">Capital One Savor Rewards for Students</a>, for example, has no annual fee and offers 3% cash back on streaming-service subscriptions and at grocery stores and restaurants. However, interest rates on these cards can be high; the Capital One card, for example, recently charged as much as 29.24%. Your student may quickly face ballooning debt if they fail to pay off the balance every month.</p><p>Another possibility is a secured credit card, such as the <a data-analytics-id="inline-link" href="https://www.discover.com/credit-cards/secured-credit-card/" target="_blank">Discover It Secured Card</a>. With a secured card, you put down a deposit that is equal to the card’s credit line. For example, with a $300 deposit, spending is limited to $300.</p><div class="product"><a data-dimension112="8dd78221-69e7-4a35-9d66-3b83321eae72" data-action="Deal Block" data-label="disclosure" data-dimension48="disclosure" href="https://oc.brcclx.com/t?lid=26759011" target="_blank" rel="nofollow"><figure class="van-image-figure " ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:2121px;"><p class="vanilla-image-block" style="padding-top:66.67%;"><img id="dzmN32i5RiTLM72D9GmzrC" name="GettyImages-1138928218" caption="" alt="" src="https://cdn.mos.cms.futurecdn.net/dzmN32i5RiTLM72D9GmzrC.jpg" mos="" align="middle" fullscreen="" width="2121" height="1414" attribution="" endorsement="" credit="" class=""></p></div></div></figure></a><p>Have a student fueling up for finals? With grocery prices on the rise, a credit card that offers cash back on groceries and dining can help stretch their food budget. Explore Kiplinger's top credit card picks for food purchases, powered by Bankrate. Advertising <a href="https://www.kiplinger.com/content-funding-on-kiplinger" data-dimension112="8dd78221-69e7-4a35-9d66-3b83321eae72" data-action="Deal Block" data-label="disclosure" data-dimension48="disclosure" data-dimension25=""><u>disclosure</u></a>.</p><p><a href="https://oc.brcclx.com/t?lid=26759011" target="_blank" rel="nofollow sponsored">View Offers</a></p></div><h2 id="health-insurance-2">Health insurance</h2><p>By law, your child can remain on your employer or marketplace <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/health-insurance/take-a-mid-year-review-of-your-health-insurance-coverage">health insurance plan </a>until they turn 26. For most families, this is the most affordable option.</p><p>Even if your child is covered by your policy, their college may automatically enroll them in its health insurance plan to ensure that they’re protected. But these plans can be expensive, averaging $3,000 to $5,000 a year, according to <a data-analytics-id="inline-link" href="http://healthinsurance.org" target="_blank">HealthInsurance.org</a>. Make sure to waive that coverage if your child is enrolled in your plan or in another option that better suits their needs.</p><p>If your child can’t enroll in your plan, an alternative is insurance through the government’s health care marketplace, at <a data-analytics-id="inline-link" href="http://healthcare.gov" target="_blank">HealthCare.gov</a>. If the child is a dependent on your tax return, your income will determine whether they qualify for a premium tax credit and, if they are eligible, the size of the credit, which lowers the premium. If you don’t claim your child as a dependent, they may be able to get a larger subsidy based on their income, if it’s lower than yours, says <a data-analytics-id="inline-link" href="https://www.valuepenguin.com/about" target="_blank">Divya Sangameshwa</a>r, insurance expert at consumer website <a data-analytics-id="inline-link" href="http://valuepenguin.com" target="_blank">ValuePenguin</a>.</p><p>At <a data-analytics-id="inline-link" href="http://www.kff.org/interactive/subsidy-calculator" target="_blank">www.kff.org/interactive/subsidy-calculator</a>, you can use the tool from the health policy research organization KFF to estimate premiums and subsidies.</p><p>Policies are divided into four categories — bronze, silver, gold and platinum — based on the amount of the premium, out-of-pocket costs and deductible. Generally, bronze plans have the lowest premiums and highest deductibles, platinum plans have the highest premiums and lowest deductibles, and silver or gold plans fall somewhere in between.</p><p>Your child can apply for coverage during annual <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/your-guide-to-open-enrollment-and-health-insurance">open enrollment</a>, which runs from November 1 to January 15. Or, if your student has a qualifying life event, such as moving to a new area to attend school, they can apply outside of open enrollment.</p><h2 id="car-insurance-2">Car insurance</h2><p>Because young drivers are more likely than older drivers to be involved in car accidents, their annual <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/kiplinger-readers-choice-awards-2025-auto-insurance-companies">auto insurance</a> costs can be considerably higher. According to <a data-analytics-id="inline-link" href="https://www.bankrate.com/" target="_blank">Bankrate</a>, yearly costs average $5,158 for an 18-year-old male driver and $4,778 for a female driver of the same age. By comparison, the average annual cost of car insurance for a 50-year-old is $2,514.</p><p><a data-analytics-id="inline-link" href="https://www.linkedin.com/in/gregmartin813/" target="_blank">Greg Martin</a>, president of <a data-analytics-id="inline-link" href="https://thinksafeinsurance.com/" target="_blank">Think Safe Insurance</a> in Brandon, Fla., recommends that you keep your child on your auto policy, which may allow you to maintain a multi-car discount and lower your child’s costs.</p><p>Insurance companies commonly provide student discounts. <a data-analytics-id="inline-link" href="https://www.progressive.com/" target="_blank">Progressive Insurance</a>, for instance, offers a discount if your child attends college full-time at least 100 miles from home, is younger than 22 and drives the car only when they’re home during school breaks. <a data-analytics-id="inline-link" href="https://www.statefarm.com/insurance/auto/discounts/steer-clear" target="_blank">State Farm has a Steer Clear discount </a>for those who are younger than 25, haven’t caused any accidents in three years and complete a driver training program.</p><p>Explore some of today's best car insurance offers with the tool below, powered by Bankrate.</p><p><em>Note: This item first appeared in Kiplinger Personal Finance Magazine, a monthly, trustworthy source of advice and guidance. Subscribe to help you make more money and keep more of the money you make </em><a data-analytics-id="inline-link" href="https://subscribe.kiplinger.com/pubs/KE/KPP/KPP_2995v4995.jsp?cds_page_id=268237&cds_mag_code=KPP&id=1713297678770&lsid=41071501187034946&vid=1&cds_response_key=I3ZPZ00Z"><u><em>here</em></u></a><em>.</em></p><h3 class="article-body__section" id="section-related-content"><span>Related content</span></h3><ul><li><a href="https://www.kiplinger.com/personal-finance/going-to-college-how-to-navigate-the-financial-planning">Going to College? How to Navigate the Financial Planning</a></li><li><a href="https://www.kiplinger.com/personal-finance/how-to-budget-for-college-expenses-beyond-tuition">How to Budget for College Expenses Beyond Tuition</a></li><li><a href="https://www.kiplinger.com/personal-finance/college/why-you-should-check-your-colleges-financial-health">Why You Should Check Your College's Financial Health</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/personal-finance/a-financial-checklist-for-your-college-bound-kids</link> <description> <![CDATA[ Is your child heading off to college this fall? If so, make sure they're prepared and protected in these four key areas. ]]> </description> <guid isPermaLink="false">3XMsEkRVPdThMnKJT2KLbC</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/LNpbFvL6mLPFveXKQQ8TMk.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Tue, 01 Jul 2025 10:05:00 +0000</pubDate> <category><![CDATA[Personal Finance]]></category> <category><![CDATA[College]]></category> <category><![CDATA[Careers]]></category> <author><![CDATA[ ella.vincent@futurenet.com (Ella Vincent) ]]></author> <dc:creator><![CDATA[ Ella Vincent ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/LNpbFvL6mLPFveXKQQ8TMk.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[A mom and daughter hug outside their SUV as the daughter prepares to go away to college.]]></media:text> <media:title type="plain"><![CDATA[A mom and daughter hug outside their SUV as the daughter prepares to go away to college.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/LNpbFvL6mLPFveXKQQ8TMk-1200-80.jpg" /> </item> <item> <title><![CDATA[ Why Homeowners Should Beware of Tangled Titles ]]></title> <dc:content><![CDATA[ <p>Homeownership is one of the most common ways for building and passing on wealth. But ignoring the legal and practical aspects of homeownership can create a headache for your heirs and possibly even a financial liability.</p><p>"Tangled title" occurs when the legal title to a home doesn't accurately reflect the current ownership — often the result of inheritance issues. Thoughtful <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/estate-planning/estate-planning-steps-to-protect-your-loved-ones-and-legacy">planning</a> can help you avoid a tangled title and pass on your assets as you intended.</p><h2 id="what-is-a-tangled-title-2">What is a tangled title?</h2><p>When you purchase a home, you should <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/real-estate/t048-c050-s002-how-to-protect-your-home-from-deed-theft.html">receive a deed</a> or title, a document that verifies you own it.</p><p><em>The Kiplinger Building Wealth program handpicks financial advisers and business owners from around the world to share retirement, estate planning and tax strategies to preserve and grow your wealth. These experts, who never pay for inclusion on the site, include professional wealth managers, fiduciary financial planners, CPAs and lawyers. Most of them have certifications including CFP®, ChFC®, IAR, AIF®, CDFA® and more, and their stellar records can be checked through the </em><a data-analytics-id="inline-link" href="https://adviserinfo.sec.gov/" target="_blank"><em>SEC</em></a><em> or </em><a data-analytics-id="inline-link" href="https://brokercheck.finra.org/" target="_blank"><em>FINRA</em></a><em>.</em></p><p>The clerk for the county where your property is located keeps a record of the title, and many counties let you access these records online. If you <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/real-estate/t010-c000-s001-the-application-process.html">took out a mortgage</a>, the lender will often keep the official title document until the mortgage is fully paid off.</p><p>The county clerk keeps a record of the loan and lender's interest in your property along with a record of your ownership.</p><p>Tangled titles crop up when those records aren't up to date or changes aren't properly recorded. The result: The legal title no longer reflects current ownership, making it unclear or contested.</p><p>This is typically the result of inheritance issues, unresolved legal matters or a lack of proper documentation.</p><p>For many people, their home may be one of their biggest assets. But when <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/buying-a-home/hidden-costs-of-homeownership">homeownership</a> is uncertain or disputed, it can create difficulties in maintaining, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/selling-a-home">selling</a> or <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/mortgages/how-refinancing-a-home-loan-works">refinancing</a> the property.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_v6I2nWbb_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="v6I2nWbb"> <div id="botr_v6I2nWbb_a7GJFMMh_div"></div> </div> </div></div><h2 id="what-causes-tangled-titles-2">What causes tangled titles</h2><p>When someone passes away without <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/estate-plan-basic-components">an estate plan</a>, and in some cases even with one in place, the home they leave behind may be inherited by more than one heir.</p><p>Having multiple owners of a single property can significantly increase the chances that its value is lost through partition sales, land speculation or tax default, even if those heirs take the proper steps to transfer the property title to their names.</p><p>It can also make it challenging for them to pass down the property to future generations.</p><p>If those heirs don't take the legal steps required to transfer the official property ownership to their names, it can make things even more complicated.</p><p>The title of the home would remain in the deceased person's name, which can create serious issues if it passes down more than one generation — for example, if grandchildren are living in a home that is legally owned by their late grandparent.</p><p>A lack of proper documentation and unresolved legal issues can also lead to tangled titles. This could be a property sale that isn't properly recorded or a dispute involving <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/603067/the-danger-with-commingled-assets-in-a-divorce">divorce</a> or business partnerships.</p><h2 id="how-to-avoid-it-planning-is-key-2">How to avoid it: Planning is key</h2><p>Creating an estate plan is one of the most effective ways you can avoid tangled titles. You should work with an attorney to clearly outline in your estate plan how you want your home to be distributed after your death, so your wishes are legally documented.</p><p>However, there's only so much you can do in your will if your beneficiaries don't execute the necessary administrative steps after your death.</p><p>If you'd like to have more control over what happens to your home after you pass — and reduce the administrative complexity for your heirs — another option to consider <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/estate-planning/604183/should-you-own-your-home-in-your-trust">is leaving your home in a trust</a>.</p><p>A trust is a legal entity where one or more people, the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/choosing-a-trustee-these-tips-can-help-you-pick-wisely">trustees</a>, are responsible for managing the assets owned by the trust. Any number of people can be beneficiaries of the trust.</p><p>For example: One or two family members can be named trustees and placed in charge of the property, while all heirs could live in the home or receive a portion of the proceeds if it's ever sold.</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Building Wealth</strong></em></a><em><strong>, our free, twice-weekly newsletter.</strong></em></p><p>Any sale or transfer of property should be properly documented and recorded with the appropriate government office.</p><p>If you're dealing with property transactions, consider working with professionals (e.g., attorneys, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/what-buyers-and-sellers-need-to-know-about-new-real-estate-rules">real estate agents</a> and title companies) to help you properly transfer the title and meet all of the legal requirements.</p><p>It's a good practice to periodically review your property records and confirm that the title is up to date, so you can address any concerns before they become problematic.</p><h2 id="your-heirs-have-to-do-their-jobs-too-2">Your heirs have to do their jobs, too</h2><p>It's crucial to have an estate plan. But it is equally crucial that your estate plan's fiduciary, whether that's an <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/executor-steps-to-take-when-settling-an-estate">executor</a>, administrator or trustee, records a deed to reflect the transfer of homeownership to your beneficiaries upon your passing.</p><p>And it's important for your heirs to know how crucial the recording is so they can make sure it happens as well.</p><p>Tangled titles have serious consequences, but they are avoidable.</p><p>Thoughtful planning is key. Working with the appropriate professionals to craft an estate plan, carefully documenting any transactions, ensuring your heirs are educated about the required documentation and regularly confirming your property records are accurate can help you fulfill your personal wishes in eventually passing down your home.</p><p><em>JPMorgan Chase & Co., its affiliates, and employees do not provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any financial transaction.</em></p><p><em>J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment adviser, member FINRA and SIPC.</em></p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/who-will-be-the-beneficiaries-of-your-wealth">Who Will Be the Beneficiaries of Your Wealth?</a></li><li><a href="https://www.kiplinger.com/retirement/estate-planning/estate-planning-terms-you-need-to-know">15 Estate Planning Terms You Need to Know</a></li><li><a href="https://www.kiplinger.com/retirement/how-quitclaim-deeds-can-cause-estate-planning-catastrophes">How Quitclaim Deeds Can Cause Estate Planning Catastrophes</a></li><li><a href="https://www.kiplinger.com/retirement/to-avoid-probate-use-trusts-for-estate-planning">To Avoid Probate, Use Trusts for Estate Planning</a></li><li><a href="https://www.kiplinger.com/retirement/why-houses-are-terrible-wealth-transfer-vehicles">Your Home Would Be a Terrible Inheritance for Your Kids</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content> <link>https://www.kiplinger.com/retirement/estate-planning/why-homeowners-should-beware-of-tangled-titles</link> <description> <![CDATA[ If you're planning to pass down property to your heirs, a 'tangled title' can complicate things. The good news is it can be avoided. Here's how. ]]> </description> <guid isPermaLink="false">MFChTw4BXaRZdYTVb6ec96</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/bKyhQG8PhBEUPYFEWvmELJ.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Tue, 01 Jul 2025 09:40:00 +0000</pubDate> <category><![CDATA[Estate Planning]]></category> <category><![CDATA[Wealth Creation]]></category> <category><![CDATA[Real Estate]]></category> <category><![CDATA[Inheritance]]></category> <category><![CDATA[Retirement Planning]]></category> <category><![CDATA[Retirement]]></category> <category><![CDATA[Investing]]></category> <category><![CDATA[Wealth Management]]></category> <dc:creator><![CDATA[ Adam Frank ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/bKyhQG8PhBEUPYFEWvmELJ.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[A tangled yellow cord against a dark blue background. ]]></media:text> <media:title type="plain"><![CDATA[A tangled yellow cord against a dark blue background. ]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/bKyhQG8PhBEUPYFEWvmELJ-1200-80.jpg" /> </item> <item> <title><![CDATA[ A Cautionary Tale: Why Older Adults Should Think Twice About Being Landlords ]]></title> <dc:content><![CDATA[ <p>"Mr. Beaver, my parents — both in their 80s — have substantial lifetime pensions, no debt and a lot of money in savings accounts, so they do not need any additional income source. Recently, they attended a seminar aimed at older people, where a real estate broker talked up the advantages of becoming landlords.</p><p>"Brochures downplayed the age-related risks and made a big point of saying they wouldn't need to hire a property manager and that tenants would be required by the lease to be responsible for all maintenance. As the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/retirement/t023-c032-s014-i-m-a-landlord-can-i-ever-truly-retire.html">landlord</a>, all they would have to do was collect the rent.</p><p>"I know this is nonsense. Plus, regardless of age, my parents are not emotionally suited for the challenges of being landlords. I can picture them frozen with fear and inaction if something happened to the property that required immediate action, as I have seen a decline in their health and ability to deal with stress.</p><p>"I'll bet there are a lot of older people who are getting the same pitch and could get themselves in legal hot water if they drink the Kool-Aid. My parents love your column, and I'm sure your advice would cause them to think this over seriously. Thanks, 'Darren.'"</p><p><em>The Kiplinger Building Wealth program handpicks financial advisers and business owners from around the world to share retirement, estate planning and tax strategies to preserve and grow your wealth. These experts, who never pay for inclusion on the site, include professional wealth managers, fiduciary financial planners, CPAs and lawyers. Most of them have certifications including CFP®, ChFC®, IAR, AIF®, CDFA® and more, and their stellar records can be checked through the </em><a data-analytics-id="inline-link" href="https://adviserinfo.sec.gov/" target="_blank"><em>SEC</em></a><em> or </em><a data-analytics-id="inline-link" href="https://brokercheck.finra.org/" target="_blank"><em>FINRA</em></a><em>.</em></p><h2 id="a-loud-cracking-sound-and-the-house-shook-2">'A loud cracking sound, and the house shook'</h2><p>Darren's fears about his parents becoming "frozen with inaction" was faced by two longtime readers, Cynthia and Mike, who phoned our office, upset with their landlord.</p><p>"Early this morning," Cynthia said, "we were awoken by a loud cracking sound, and the house shook when a huge oak tree in our backyard came down on this house that we have been renting from Abe for over 10 years. He is in his mid-80s.</p><p>"We immediately notified him of what had happened, but instead of reacting like someone who was concerned, he emotionlessly said, 'Well, I'll see if I can reach my son in Alaska and ask him for help.'</p><p>"We replied, 'No, you need to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/insurance/t027-c000-s002-how-to-get-insurance-companies-to-pay-your-claims.html">call your insurance company</a> now and report this. We might need someplace to stay while the tree is removed and damage to the house, if any, is repaired.'</p><p>"It seemed that he did not understand the urgency. Abe has always been a thoughtful, caring, 'hands-on' landlord, but age and infirmity have impaired his ability to do everything himself, and he rejected our suggestion of hiring a property manager as 'too expensive.'</p><p>"Can you help us?"</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_v6I2nWbb_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="v6I2nWbb"> <div id="botr_v6I2nWbb_a7GJFMMh_div"></div> </div> </div></div><p>I phoned Abe, asked him for the phone numbers of his son and insurance agent and got them together on a conference call. The agent immediately took charge and saw to it that a claim was started with the carrier.</p><h2 id="for-some-older-adults-becoming-a-landlord-is-a-bad-idea-2">For some older adults, becoming a landlord is a bad idea</h2><p>Over the decades that I have practiced law, anytime there was a significant landlord/tenant problem, often the owner's age, a strong sense of moral right and wrong combined with a lack of knowing their legal obligations and a refusal to retain a property manager<em> — </em>costing about 10% of the monthly rent — became a toxic cocktail.</p><p>Sometimes it came down to real <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/cognitive-decline-how-to-guard-your-finances">cognitive challenges</a>, but just as often, an older property owner frustrated with tenants who were months behind on the rent refused to hire an attorney — "oh, that costs money!" I heard repeatedly.</p><p>They would resort to turning off the water or electricity and wind up being sued by their tenants.</p><p>I ran these issues by Jon Anthony Dolan of Los Angeles-based <a data-analytics-id="inline-link" href="https://www.dolanknight.com/" target="_blank">Dolan & Knight Property Management</a>. He has been a friend of this column for years and is always a source of good, common-sense advice.</p><p>I asked Dolan, "In your experience, are there more risks for older adults in becoming landlords?"</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Building Wealth</strong></em></a><em><strong>, our free, twice-weekly newsletter.</strong></em></p><p>"Yes, there are," he replied. "Not just because of age itself, as many older adults are good landlords, but it is so important — especially for older people — to have objective help in evaluating the downside risk of acquiring rental property."</p><p>He said they should consider:</p><ul><li>Their financial situation. Do they need to invest in a rental at their age?</li><li>Their ability to handle the myriad<em> </em>day-to-day tasks involved, such as rent collection, maintenance and legal responsibilities.</li><li>Their capacity to deal with difficult tenants. Sometimes behavior can border on <a href="https://www.kiplinger.com/retirement/financial-abuse-how-to-protect-older-adults">elder abuse</a>.</li><li>Their cognitive impairment and health challenges can drive up the cost of rental ownership.</li><li>Their physical limitations. While a young person might be able to handle minor repairs or maintenance, impaired balance and mobility issues can make it impossible for an older person to personally tackle the things that come up with any home.</li></ul><h2 id="additional-realities-to-consider-2">Additional realities to consider</h2><p>Dolan pointed out factors that, if overlooked, can prove costly:</p><ul><li><strong>Liquidity. </strong>If unexpected financial needs arise, needing to sell quickly could mean a large loss.</li><li><strong>Decision-making. </strong>Even with a property manager, there are decisions that must be made. Do they have that cognitive ability?</li><li><strong>Time.</strong> Real estate is usually a long-term investment, so a person's life expectancy can be a real issue.</li></ul><p>Dolan concluded our interview with this cautionary remark: "The older we are, the more cautious we should be, especially with our money."</p><p><em>Dennis Beaver practices law in Bakersfield, Calif., and welcomes comments and questions from readers, which may be faxed to (661) 323-7993, or e-mailed to </em><a data-analytics-id="inline-link" href="mailto:Lagombeaver1@gmail.com" target="_blank"><em>Lagombeaver1@gmail.com</em></a><em>. And be sure to visit </em><a data-analytics-id="inline-link" href="https://dennisbeaver.com/" target="_blank"><em>dennisbeaver.com</em></a><em>.</em></p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/taxes/tax-deductions/landlord-with-rental-income-tax-break">Landlord With Rental Income? See if You Qualify for a 20% Tax Break</a></li><li><a href="https://www.kiplinger.com/real-estate/real-estate-investing/602913/how-to-fail-as-a-landlord">How to Fail as a Landlord</a></li><li><a href="https://www.kiplinger.com/real-estate/costs-landlords-underestimate-when-setting-expectations">Seven Costs Landlords Underestimate When Setting Expectations</a></li><li><a href="https://www.kiplinger.com/real-estate/delaware-statutory-trust-landlords-exit-many-cpas-dont-know">Delaware Statutory Trust: The Landlord's Exit Many CPAs Don't Know Exists</a></li><li><a href="https://www.kiplinger.com/retirement/should-i-sell-or-rent-my-house-when-i-relocate-for-retirement">Should I Sell or Rent My House When I Relocate for Retirement?</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content> <link>https://www.kiplinger.com/retirement/retirement-planning/why-older-adults-should-think-twice-about-being-landlords</link> <description> <![CDATA[ Becoming a landlord late in life can be a risky venture because of potential health issues, cognitive challenges and susceptibility to financial exploitation. ]]> </description> <guid isPermaLink="false">Rg3uN9aRAa2aH6reDYCejh</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/xrdgJ3eBYmZFMEn4keCWJJ.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Tue, 01 Jul 2025 09:35:00 +0000</pubDate> <category><![CDATA[Retirement Planning]]></category> <category><![CDATA[Wealth Creation]]></category> <category><![CDATA[Real Estate]]></category> <category><![CDATA[Retirement]]></category> <category><![CDATA[Investing]]></category> <category><![CDATA[Wealth Management]]></category> <dc:creator><![CDATA[ H. Dennis Beaver, Esq. ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/xrdgJ3eBYmZFMEn4keCWJJ.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[An older couple face each other at home, looking overwhelmed.]]></media:text> <media:title type="plain"><![CDATA[An older couple face each other at home, looking overwhelmed.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/xrdgJ3eBYmZFMEn4keCWJJ-1200-80.jpg" /> </item> <item> <title><![CDATA[ Home Equity Evolution: A Fresh Approach to Funding Life's Biggest Needs ]]></title> <dc:content><![CDATA[ <p>For many homeowners, the family home represents far more than a place to live. It's often the single largest store of wealth on their balance sheets.</p><p>Yet, when it comes to planning for retirement, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/in-your-50s-we-need-to-talk-about-long-term-care">long-term care</a> needs or estate strategies, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/mortgages/what-is-home-equity">home equity</a> remains one of the most underutilized assets.</p><p>There are several strategies available to homeowners looking to convert their equity into income or financial leverage:</p><p><strong>Home equity lines of credit (HELOCs).</strong> These revolving credit lines require repayment and are typically best for short-term or planned expenses. They require <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/credit/t017-c011-s001-six-habits-of-people-with-excellent-credit-scores.html">good credit</a> and reliable income, but they add debt to the homeowner's balance sheet.</p><p><em>The Kiplinger Building Wealth program handpicks financial advisers and business owners from around the world to share retirement, estate planning and tax strategies to preserve and grow your wealth. These experts, who never pay for inclusion on the site, include professional wealth managers, fiduciary financial planners, CPAs and lawyers. Most of them have certifications including CFP®, ChFC®, IAR, AIF®, CDFA® and more, and their stellar records can be checked through the </em><a data-analytics-id="inline-link" href="https://adviserinfo.sec.gov/" target="_blank"><em>SEC</em></a><em> or </em><a data-analytics-id="inline-link" href="https://brokercheck.finra.org/" target="_blank"><em>FINRA</em></a><em>.</em></p><p><strong>Reverse mortgages.</strong> This well-known option allows homeowners to stay in their homes while receiving income. The downside is that interest accrues over time, often significantly reducing the remaining home equity.</p><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/mortgages/602488/reverse-mortgages-10-things-you-must-know">Reverse mortgages</a> also include such costs as insurance premiums and origination fees.</p><p><strong>Cash-out refinancing.</strong> Homeowners refinance their mortgages to take out a lump sum of cash. This strategy can be viable in low-rate environments, but in today's high-interest landscape, it can dramatically increase monthly payments.</p><p><strong>Shared equity models.</strong> These newer solutions offer homeowners the ability to sell a minority share of their future home value in exchange for cash today.</p><p>Typically, this method doesn't involve monthly payments or interest. Like a reverse mortgage, they're nonrecourse, meaning there is no personal liability.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_v6I2nWbb_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="v6I2nWbb"> <div id="botr_v6I2nWbb_a7GJFMMh_div"></div> </div> </div></div><h2 id="the-shift-from-debt-to-shared-value-2">The shift: From debt to shared value</h2><p>Unlike traditional financing options, shared equity solutions aren't loans and don't require servicing debt obligations.</p><p>They're designed to be a strategic enhancement to an adviser's toolkit, helping reposition home equity from a passive asset into an active part of a client's overall financial strategy.</p><p>Using shared equity solutions is similar to using cash on hand.</p><h2 id="why-it-matters-now-2">Why it matters now</h2><p>There is an estimated $35 trillion in home equity in the United States, according to the Federal Reserve Bank of St. Louis, with 41% of homeowners carrying no mortgage debt.</p><p>Meanwhile, the cost of retirement continues to rise, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/longevity-the-retirement-problem-no-one-is-discussing">longevity risk</a> is real, and funding long-term care is an increasing concern.</p><p>At the same time, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/interest-rates">interest rates</a> and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/market-volatility-avoid-common-investing-pitfalls">market volatility</a> have made it more difficult for advisers and consumers to rely solely on traditional investment strategies.</p><p>Liquidity needs often collide with the desire to preserve and grow assets, supported by the fact that in 2024, according to LIMRA, more than $400 billion of new life insurance, annuity and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/long-term-care-insurance/things-you-should-know-about-long-term-care-insurance">long-term care insurance</a> premiums were primarily funded with cash or through investment portfolio sales.</p><p>That reduces liquidity, creating tax consequences and limiting future investment growth opportunities.</p><h2 id="weighing-the-tradeoffs-and-tailoring-the-strategy-to-you-2">Weighing the tradeoffs and tailoring the strategy to you</h2><p>Each option presents distinct advantages and tradeoffs.</p><ul><li>Borrowing strategies offer immediate access to cash, but the debt can add pressure in retirement.</li><li>Reverse mortgages reduce financial stress in the short term but diminish estate value and can be complex to unwind.</li><li>Shared equity solutions, such as CHEIFS (Cornerstone Home Equity Insurance/Investment Funding Solutions), where I am the co-founder and CEO, provide tax-free cash without adding monthly obligations, but the homeowner shares a portion of the future home value upon sale or refinance.</li></ul><p>No one-size-fits-all solution exists.</p><p>The right path depends on your financial goals, income, health outlook and estate planning intentions.</p><ul><li>If your priority is maintaining full ownership, a HELOC or refinance might make sense.</li><li>If your objective is to protect cash flow without monthly debt obligations, reverse mortgages or shared equity models could be a better fit.</li></ul><p>The key is to align your solution with your broader financial strategy.</p><h2 id="applications-for-homeowners-and-advisers-2">Applications for homeowners and advisers</h2><p>The versatility of home equity optimization through shared home equity products spans a range of planning needs:</p><p><strong>Long-term care (LTC) planning.</strong> Homeowners can use tax-free funds to purchase dedicated LTC policies or hybrid life/LTC products, ensuring protection against future health care costs.</p><p><strong>Lifetime income.</strong> Funds can be used to purchase immediate or deferred-income <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/annuities-what-they-are-and-how-they-work">annuities</a>, helping bridge <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-income-gap-how-to-fill-it">retirement income gaps</a> without drawing down investment portfolios.</p><p><strong>Legacy and estate planning.</strong> Liquidity from home equity can fund irrevocable life insurance trusts (ILITs), charitable-giving strategies or intergenerational <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/great-wealth-transfer-gen-x-should-prepare">wealth transfers</a>.</p><p><strong>In-home health care.</strong> Homeowners can secure funding to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/age-in-place-or-move">age in place</a>, enhancing quality of life while retaining independence.</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Building Wealth</strong></em></a><em><strong>, our free, twice-weekly newsletter.</strong></em></p><p><strong>In-force policy funding. </strong>Clients with valuable existing life, annuity and/or LTC policies can use shared equity solutions to maintain or enhance these assets without cashing out or surrendering valuable benefits.</p><h2 id="pros-and-cons-of-shared-home-equity-to-consider-2">Pros and cons of shared home equity to consider</h2><p><strong>Pros:</strong></p><ul><li>No monthly payments or debt service, with no fixed repayment term</li><li>No impact on credit scores or cash flow</li><li>Retention of homeownership rights and lifestyle</li><li>Tax-free liquidity</li><li>Flexible use of funds across planning needs and lifestyle enhancements</li><li>Adviser-driven distribution to align with holistic planning</li></ul><p><strong>Cons:</strong></p><ul><li>Future appreciation (and depreciation) of the home is shared with the company you're sharing equity with</li><li>It's not a suitable solution for homeowners planning to sell or relocate in the short term. As the home is partially owned by an investor, it might be more challenging for homeowners to leave their homes as a legacy for their heirs without proper planning</li></ul><h2 id="looking-ahead-2">Looking ahead</h2><p>Optimizing home equity is no longer just about borrowing or <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/downsize-in-retirement-with-tax-benefits">downsizing</a>. It's about managing wealth more intelligently to support strategic, tax-efficient <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/5-steps-to-a-stronger-financial-plan">financial plans</a>.</p><p>Shared equity solutions are modern financing innovations that offer pragmatic alternatives that empower both homeowners and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/how-to-find-a-financial-adviser">financial advisers</a> to achieve their goals while maintaining control, flexibility and long-term value.</p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/real-estate/mortgages/602488/reverse-mortgages-10-things-you-must-know">Reverse Mortgages: 10 Things You Must Know</a></li><li><a href="https://www.kiplinger.com/real-estate/mortgages/what-is-home-equity">What Home Equity Is and Why It's a Valuable Long-Term Investment</a></li><li><a href="https://www.kiplinger.com/personal-finance/cash-in-on-your-home-equity">How a Home Equity Line of Credit (HELOC) Works</a></li><li><a href="https://www.kiplinger.com/article/real-estate/t010-c000-s003-refinancing-your-home.html">Refinancing Your Home</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content> <link>https://www.kiplinger.com/retirement/retirement-planning/shared-equity-model-a-fresh-approach-to-funding-lifes-biggest-needs</link> <description> <![CDATA[ Homeowners leverage their home equity through various strategies, such as HELOCs or reverse mortgages. A newer option: Shared equity models. How do those work, and what are the pros and cons? ]]> </description> <guid isPermaLink="false">AMgxNCaEHwFuGV3FdC5HQG</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/q8cbNdREpupXUUxsaqRRWJ.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Tue, 01 Jul 2025 09:30:00 +0000</pubDate> <category><![CDATA[Retirement Planning]]></category> <category><![CDATA[Wealth Creation]]></category> <category><![CDATA[Long-term Care]]></category> <category><![CDATA[Home Equity Loans]]></category> <category><![CDATA[Real Estate]]></category> <category><![CDATA[Reverse Mortgages]]></category> <category><![CDATA[Retirement]]></category> <category><![CDATA[Investing]]></category> <category><![CDATA[Wealth Management]]></category> <category><![CDATA[Personal Finance]]></category> <category><![CDATA[Credit & Debt]]></category> <category><![CDATA[Loans]]></category> <author><![CDATA[ ccorn@cheifs.com (Craig Corn) ]]></author> <dc:creator><![CDATA[ Craig Corn ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/q8cbNdREpupXUUxsaqRRWJ.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[A toy home sits on top of scattered hundred-dollar bills.]]></media:text> <media:title type="plain"><![CDATA[A toy home sits on top of scattered hundred-dollar bills.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/q8cbNdREpupXUUxsaqRRWJ-1200-80.jpg" /> </item> <item> <title><![CDATA[ Aging: The Overlooked Risk Factor ]]></title> <dc:content><![CDATA[ <p>Wealth can shield you from many of the hardships of life, particularly the discomforts of aging. Luxury retirement accommodations, private caregivers and the best medical care can smooth the sometimes bumpy path of later years.</p><p>But money can’t insulate you from the personal complications of aging. Everyone has tough decisions to face and weighty conversations to initiate with loved ones. Having a knowledgeable partner to help facilitate those discussions and transitions is a privilege no one should forego if they can afford it.</p><p>“At <a data-analytics-id="inline-link" href="https://sr.studiostack.com/c/link?l=2042383&s=2042381" target="_blank" rel="nofollow"><u>Whittier Trust Company</u></a>, elder care is integrated into the continuum of <a data-analytics-id="inline-link" href="https://sr.studiostack.com/c/link?l=2042384&s=2042381" target="_blank" rel="nofollow"><u>family office</u></a> services we provide for clients in collaboration with trusted partner companies,” says André B. van Niekerk, Senior Vice President, Business Development. “Quite often, families end up facing complicated care decisions in the heat of the moment, after a hospitalization or other emergency. With our network of expert partners, we help families prepare for the inevitable and manage it when it comes.”</p><p>Failure to plan ahead for elder care makes your family vulnerable to financial risk as well as mental and emotional duress. Van Niekerk and his team spoke with one of Whittier’s partners, Barbara Oberman, CEO and President of Senior Living Solutions, about those risks and how they can be prevented or mitigated.</p><h2 id="crisis-vs-preparation-2">Crisis vs. preparation</h2><p>Making a decision in a time of crisis is never ideal. “It can be a trial by fire,” Oberman says. “I was fortunate that when my mother was hurt, I had already set up a plan, and it gave me the ability to act quickly and decisively.”</p><p>Planning ahead with your Whittier team and exploring options for care in advance ensures you can make the most of available resources, such as long-term care insurance policies, which may help cover certain care expenses. Medicare and supplemental insurance primarily cover medical expenses, so understanding these limitations is key to preparing for non-medical or long-term care needs.</p><h2 id="overload-vs-confidence-2">Overload vs. confidence</h2><p>Assisted living, independent living, board and care, memory care, or caregivers — there’s an entire spectrum of possibilities, and the differences are often hidden in the fine print. Do you need help with meal preparation or medication management? Do you want activities and socialization?</p><p>Oberman recalls: “One client came to me after moving their father into assisted living. They were genuinely surprised to find he didn’t have someone by his side to take care of him all the time. But that 24/7 type of service only comes with a private caregiver. It was stressful for them to have to fix that mistake.”</p><p>An upfront needs assessment avoids such mishaps by covering all the factors in advance, such as medical conditions, mobility levels, budget, preferred locations, desired activities, and cognition levels. “We’re like a real estate agent,” Oberman says. “We help you identify your needs and wants, then help you navigate the many moving parts until we reach the best solution. We help moderate tough conversations, analyze choices, and even assist in the move to a new place.”</p><h2 id="liability-vs-expertise-2">Liability vs. expertise</h2><p>It is important for families to realize that if you hire private caregivers, you become an employer, with payroll and management responsibilities. You must follow labor laws or you could put yourself in financial jeopardy. Homeowners' insurance typically covers visitors, but often doesn’t cover regular household workers. A reputable agency will handle background checks, pay taxes, and provide workers' compensation for caregivers. If you are certain private care is your preference, however, <a data-analytics-id="inline-link" href="https://sr.studiostack.com/c/link?l=2042383&s=2042381" target="_blank" rel="nofollow"><u>Whittier Trust</u></a> and a consultant like Oberman can help you with those arrangements.</p><p>We can also help find the ideal senior living community. "Many of these communities are part of national chains, but each one is unique,” Oberman explains. “We build relationships with local staff, visit each community in person, and review their history (including any violations or required corrections). Senior living communities must meet state licensing requirements, and we carefully check these reports to ensure they provide high-quality care before making a recommendation. We know all the finer points of each company’s approach and care philosophy, amenities, and costs.”</p><h2 id="sales-pressure-vs-concierge-service-2">Sales pressure vs. concierge service</h2><p>The last thing you need during this difficult transition time is a heavy-handed sales pitch or dire warnings about waiting lists from a sales rep trying to meet monthly quotas. Your Whittier team safeguards you from such tactics, acting as your advocate in comparing different senior living options so you can make an informed decision without pressure.</p><p>“As part of our concierge service, we go beyond just making recommendations,” Oberman says. “We arrange personal tours of the communities you wish to visit, help you navigate paperwork in advance, assist with negotiations to secure the most favorable terms and services and coordinate move-in arrangements. Additionally, we connect you with trusted professionals to assist with selling your home, managing estate sales, and downsizing. Through our network of senior advisors, we provide personalized support to make the transition as smooth and stress-free as possible. Then we’ll check in after the move to address any concerns and ensure everything meets expectations.”</p><h2 id="chaos-vs-consensus-2">Chaos vs. consensus</h2><p>Procrastination is likely to leave you in turmoil if an emergency arises and you’ve failed to talk to your family about elder care. We know it’s not easy, though, to organize such personal discussions or reach consensus with multiple family members and multiple generations. We can help facilitate these conversations, create a plan and budget and keep it updated for whenever it ends up being needed.</p><p>“At Whittier, we’re here to help you manage life’s many stressors while maintaining your family’s security, unity, and overall well-being,” says van Niekerk.</p><p><em>To learn more about how </em><a data-analytics-id="inline-link" href="https://sr.studiostack.com/c/link?l=2042383&s=2042381"><u><em>Whittier Trust</em></u></a><em>'s </em><a data-analytics-id="inline-link" href="https://sr.studiostack.com/c/link?l=2042384&s=2042381"><u><em>family office</em></u></a><em> services can make a difference for you and your loved ones, start a conversation with a Whittier Trust advisor today by visiting </em><a data-analytics-id="inline-link" href="https://sr.studiostack.com/c/link?l=2042385&s=2042381"><u><em>www.whittiertrust.com</em></u></a><em>.</em></p><p>This content was provided by Whitter Trust Company. Kiplinger is not affiliated with and does not endorse the company or products mentioned above.</p> ]]></dc:content> <link>https://www.kiplinger.com/retirement/aging-the-overlooked-risk-factor</link> <description> <![CDATA[ Elder care is a personal and financial vulnerability many people fail to plan for. ]]> </description> <guid isPermaLink="false">uba5SvtzUuRyWQeyX9ZKrU</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/RkhXZiXEJKWCpQUkhmzAXn.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Tue, 01 Jul 2025 04:00:00 +0000</pubDate> <category><![CDATA[Retirement]]></category> <dc:creator><![CDATA[ Whittier Trust Company ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/RkhXZiXEJKWCpQUkhmzAXn.jpg"> <media:credit><![CDATA[Whittier Trust Company]]></media:credit> <media:text><![CDATA[Two older white men playing chess at the park]]></media:text> <media:title type="plain"><![CDATA[Two older white men playing chess at the park]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/RkhXZiXEJKWCpQUkhmzAXn-1200-80.jpg" /> </item> <item> <title><![CDATA[ 3 Retirement Income Mistakes—And How Bond Ladders Can Help You Avoid Them ]]></title> <dc:content><![CDATA[ <p>Retirement marks a major shift in the purpose of your investment portfolio—your paycheck stops, but your bills don’t. Now, the purpose of your portfolio is not only to grow but also to generate monthly income to support your lifestyle.</p><p>What sort of income-producing investment strategies should you pick? Far too often, investors fall into traps that can undermine their financial security just when they need it.</p><p>If you’re relying on your investments to fund retirement, watch out for these three common mistakes—and learn how a simple, time-tested strategy called bond laddering can help you avoid them. And better yet, learn about ETFs like <a data-analytics-id="inline-link" href="https://sr.studiostack.com/c/link?l=2040761&s=2040680" target="_blank" rel="nofollow"><u>LDDR</u></a> that make investing in a bond ladder easier than ever.</p><h2 id="mistake-1-relying-too-heavily-on-dividend-stocks-or-bond-funds-2">Mistake #1: Relying Too Heavily on Dividend Stocks or Bond Funds</h2><p>Generating income with dividend-paying stocks or high-grade bond funds can sound like a solid plan—until you need to sell shares.</p><p>The problem? While the income from these investments may be stable, the value of your investment may not be. And the only way to get your money back is by selling your shares at the market price.</p><p>Said differently, these investments are subject to <strong>price volatility</strong>. If the market drops and you need to tap your portfolio for unexpected expenses—like a new roof or a family vacation—you may have to sell at a loss.</p><p>Let’s look at two hypothetical scenarios:</p><p>1. At the beginning of 2022, Howard puts $10,000 into a bond index fund tracking the Bloomberg U.S. Corporate Bond Index (1). At the end of the year, he goes to sell his shares to help fund a new car purchase only to find they’re now valued at ~$8,450—a loss of 13% in one bad year (2).</p><p>2.<strong> </strong>At the beginning of 2023, Suzanne puts $10,000 into the same fund. At the end of the year, she sells her shares which have increased in value to ~$10,850, a return of ~8.5% (2). Depending on her income that year, she might pay up to 20% capital gains tax + 3.8% net investment income tax + state and local taxes, which can be as high as 14.8% for a New York City resident. Net of those taxes, she might keep a gain of only ~5.2% (3).</p><p><strong>🛠️ The Fix:</strong> Bond laddering can help <a data-analytics-id="inline-link" href="https://sr.studiostack.com/c/link?l=2040762&s=2040680" target="_blank" rel="nofollow"><u>shield you from this kind of price risk</u></a>. By structuring a ladder of individual bonds that mature at regular intervals—say, every year—<strong>you know exactly how much money you’ll have available—and when </strong>(4). By accessing your money through bond maturities instead of having to sell, you can help insulate yourself from price risk.</p><p><strong>How Bond Ladders Work</strong><br>Holding bonds with staggered maturities means you know how much you’ll get back and when.<br><em>Example: 3 bonds with maturities 1 year apart, each with $1,000 face value</em></p><a href="https://sr.studiostack.com/c/link?l=2040763&s=2040680"><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:3200px;"><p class="vanilla-image-block" style="padding-top:56.25%;"><img id="cfGFyyMvvVfd8vjtvhYYAN" name="Stone Ridge Asset Management" alt="Example: 3 bonds with maturities 1 year apart, each with $1,000 face value" src="https://cdn.mos.cms.futurecdn.net/cfGFyyMvvVfd8vjtvhYYAN.jpg" mos="" align="middle" fullscreen="" width="3200" height="1800" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="caption-text"><em></em> </span><span class="credit" itemprop="copyrightHolder">(Image credit: Stone Ridge Asset Management)</span></figcaption></figure></a><h2 id="mistake-2-hiding-out-in-cash-money-market-funds-or-short-term-bonds-2">Mistake #2: Hiding Out in Cash, Money Market Funds, or Short-Term Bonds</h2><p>In an effort to sidestep volatility, many investors go to the other extreme—parking too much in bank accounts, money market funds, or short-term bonds. While this does reduce price risk, it creates another problem:<strong> reinvestment risk</strong>.</p><p>In an economic or geopolitical crisis, yields can collapse quickly. While you might like current interest rates, think about what would happen if interest rates fall from 4% to 2%. The amount of income you earn from these investments could quickly get cut in half! In retirement, that kind of sudden shock to your income can be especially stressful.</p><p><strong>🛠️ The Fix:</strong> A bond ladder allows you to <strong>lock in today’s interest rates</strong> for multiple years, reducing your exposure to reinvestment risk. The longer the ladder, the lower the reinvestment risk. You might even consider a ladder that lasts to or through your life expectancy. For example, if you’re 65 years old, a 30-year bond ladder may last for the rest of your lifetime.</p><p><strong>Risk Tradeoff: Traditional Retirement Income Solutions</strong></p><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:3200px;"><p class="vanilla-image-block" style="padding-top:56.25%;"><img id="77LYZY3vSxmtcxpv3ETs9N" name="Stone Ridge Asset Management" alt="Risk Tradeoff: Traditional Retirement Income Solutions Chart" src="https://cdn.mos.cms.futurecdn.net/77LYZY3vSxmtcxpv3ETs9N.jpg" mos="" align="middle" fullscreen="" width="3200" height="1800" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Stone Ridge Asset Management)</span></figcaption></figure><h2 id="mistake-3-avoiding-principal-spending-at-all-costs-2">Mistake #3: Avoiding Principal Spending at All Costs</h2><p>Many retirees are reluctant to spend down principal, believing it’s safer to live off interest and dividends alone. But this approach is a bit like making sure your car never runs out of gas by simply never driving it. You worked hard to earn it. Better to use it wisely than not to use it at all.</p><p>Refusing to touch principal can lead to:</p><ul><li>Overexposure to risky assets in search of yield</li><li>Higher tax bills from tax-inefficient “high yield” assets</li><li>Underspending and living below your means</li></ul><p><strong>🛠️ The Fix: </strong>A bond ladder provides a reliable framework for <strong>spending principal while making your money last</strong>. Each rung of the ladder represents not just interest income but also a scheduled return of principal (tax-free!), designed to support your lifestyle. You know how long your money should last—as long as the longest maturity bond in the ladder. It’s a disciplined, sustainable way to maximize spending power and minimize your tax bill.</p><h2 id="why-bond-laddering-works-and-why-it-s-easier-than-ever-2">Why Bond Laddering Works—And Why It’s Easier Than Ever</h2><p>Bond laddering isn’t new. Investors and professional money managers have been using them for decades to create predictable, tax-efficient income. But historically, building a bond ladder required purchasing individual bonds—often with high minimums, trading costs, and many tedious steps.</p><p>That’s where <a data-analytics-id="inline-link" href="https://sr.studiostack.com/c/link?l=2040763&s=2040680" target="_blank" rel="nofollow"><u>LifeX bond ladder ETFs</u></a> come in.</p><p>LifeX takes the complexity out of laddering by offering cost-effective bond ladder ETFs designed to deliver the benefits of a <a data-analytics-id="inline-link" href="https://sr.studiostack.com/c/link?l=2040764&s=2040680" target="_blank" rel="nofollow"><u>traditional bond ladder without the manual labor</u></a>.</p><ul><li>Convenience of an ETF</li><li>Stable monthly cash flow</li><li>Built with U.S. government bonds</li></ul><p>You could invest in the S&P 500 by buying each individual stock yourself, but you probably use an index fund for efficiency and professional management (5). Similarly, instead of spending hours building and maintaining a bond ladder, investors and advisors can now <strong>instantly access a professionally constructed ladder</strong>—no guesswork, no selling into a volatile market, and no stress.</p><a href="https://sr.studiostack.com/c/link?l=2040761&s=2040680"><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:300px;"><p class="vanilla-image-block" style="padding-top:78.00%;"><img id="57ufnhq4D3RnWZz89vu8j5" name="LDDR" alt="10 year monthly cashflow ad" src="https://cdn.mos.cms.futurecdn.net/57ufnhq4D3RnWZz89vu8j5.jpg" mos="" align="middle" fullscreen="" width="300" height="234" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Stone Ridge Asset Management)</span></figcaption></figure></a><h2 id="final-thoughts-predictability-is-power-2">Final Thoughts: Predictability is Power</h2><p>In retirement, <strong>uncertainty is the enemy</strong>. And while no strategy is perfect, bond laddering offers one of the most reliable ways to turn your nest egg assets into predictable, tax-efficient income—without the price and reinvestment risk of traditional income solutions.</p><p>If you’re looking for a retirement income plan that's boring and predictable so you can get excitement from the rest of your life, <a data-analytics-id="inline-link" href="https://sr.studiostack.com/c/link?l=2040763&s=2040680" target="_blank" rel="nofollow"><u>LifeX bond ladder ETFs</u></a> are designed to give you a professional-grade bond ladder in a single trade—streamlined, cost-effective, and built for predictable income.</p><p><strong>Want to learn more about how bond ladders can work in your retirement income plan? Visit </strong><a data-analytics-id="inline-link" href="https://sr.studiostack.com/c/link?l=2040763&s=2040680" target="_blank" rel="nofollow"><u><strong>LifeXFunds.com</strong></u></a><strong> to explore tools, insights, and bond ladder ETFs built for today's retirees.</strong></p><p><strong>Risk Disclosures<br><br>Investing involves risks, including possible loss of principal. Past performance is no guarantee of future results.<br><br>Carefully consider the risks and investment objective of any ETF prior to investing. There can be no assurance that an ETF will achieve its investment objectives. This and other information can be found in the Funds' prospectuses, which may be obtained by visiting </strong><a href="https://sr.studiostack.com/c/link?l=2040763&s=2040680"><u><strong>www.lifexfunds.com</strong></u></a><strong>. Read the prospectus carefully before investing.<br><br></strong>The purpose of each LifeX Term Income ETF is to provide reliable monthly distributions consisting of income and principal through the end of a calendar year specified in the ETF’s prospectus.<br><br>Each Term Income ETF intends to make distributions for which a portion of each distribution is expected and intended to constitute a return of capital, which will reduce the amount of capital available for investment and may reduce a shareholder’s tax basis in his or her shares.<br><br>Fixed income risks include credit risk, which refers to the possibility that the bond issuer will not be able to make principal and interest payments.<br><br>The LifeX Income ETFs invest in debt securities issued by the U.S. Treasury (“U.S. Government Bonds”) as well as money market funds that invest exclusively in U.S. Government Bonds or repurchase agreements collateralized by such securities. U.S. Government Bonds have not historically had credit-related defaults, but there can be no assurance that they will avoid default in the future.<br><br>This material is not intended to be relied upon as a forecast, research, or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date indicated herein and may change as subsequent conditions vary. <br><br>This commentary may contain “forward-looking” information that is not purely historical in nature. There is no guarantee that any forward-looking statements made will come to pass. Reliance upon information in this post is at the sole discretion of the reader.<br><br>ETFs may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market prices (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The Fund is an actively managed ETF, which is a fund that trades like other publicly-traded securities.<br><br>Nothing contained herein constitutes investment, legal, tax or other advice nor is it to be relied on in making an investment or other decision. Legal advice can only be provided by legal counsel. Before deciding to proceed with any investment, investors should review all relevant investment considerations and consult with their own advisors.<br><br>The LifeX Income ETFs are distributed by Foreside Financial Services, LLC.<br><br>This content was provided by Stone Ridge Asset Management. Kiplinger is not affiliated with and does not endorse the company or products mentioned above.</p> ]]></dc:content> <link>https://www.kiplinger.com/retirement/3-retirement-income-mistakes-and-how-bond-ladders-can-help-you-avoid-them</link> <description> <![CDATA[ Many retirees unknowingly jeopardize their financial security by making three common income-investing mistakes. Learn how bond ladders—made easier with LifeX ETFs—can help lock in predictable retirement income. ]]> </description> <guid isPermaLink="false">cWyfqRFuD7iFGizkQs27rb</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/JNqU7nuuLMWuJfF8tWhnCH.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Tue, 01 Jul 2025 04:00:00 +0000</pubDate> <category><![CDATA[Retirement]]></category> <dc:creator><![CDATA[ Sponsored Content ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/JNqU7nuuLMWuJfF8tWhnCH.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[Older white couple on a scooter smiling and having fun]]></media:text> <media:title type="plain"><![CDATA[Older white couple on a scooter smiling and having fun]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/JNqU7nuuLMWuJfF8tWhnCH-1200-80.jpg" /> </item> <item> <title><![CDATA[ AI vs the Stock Market: How Did Alphabet, Nike and Industrial Stocks Perform in June? ]]></title> <dc:content><![CDATA[ <p>As the uses for artificial intelligence (AI) grow, so does our dependence on the technology.</p><p>Large language (deep learning) models are now helping us with almost everything in our daily lives, from tackling <a data-analytics-id="inline-link" href="https://www.kiplinger.com/business/the-new-ai-agents-will-tackle-your-to-do-list"><u>to-do lists</u></a> to detecting diseases to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/604067/can-ai-beat-the-market-10-stocks-to-watch">picking stocks to buy</a>.</p><p>It's that last one that's the focus of this article. Given AI's ability to analyze massive amounts of data in a very short time — a feature that requires <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/how-can-investors-profit-from-ais-energy-use"><u>an enormous amount of energy</u></a> — the technology is a natural fit for investors, day traders, hedge funds and the like.</p><p>As an example, most banks and brokers now offer <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/605203/how-to-invest-1000-open-a-roboadviser-account"><u>robo-adviser accounts</u></a>, which use AI to build and manage investment portfolios at a much lower cost than those maintained by humans. (Still, financial planning should likely be <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/financial-planning-artificial-intelligence-ai-alone-doesnt-cut"><u>left to the actual people</u></a>.)</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_TZ5u6hI1_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="TZ5u6hI1"> <div id="botr_TZ5u6hI1_a7GJFMMh_div"></div> </div> </div></div><p>As for those do-it-yourself (DIY) investors, there's a laundry list of stock-picking platforms such as <a data-analytics-id="inline-link" href="https://danelfin.com/how-it-works" target="_blank"><u>Danelfin</u></a> that use AI to spit out lists of the top stocks matching their specific criteria.</p><p>I decided to test AI's predictive capabilities, and, on Friday, May 30, I asked Google's Gemini AI chatbot where I should invest in June. I also asked for a list of the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/best-stocks-to-buy-now"><u>best stocks to buy</u></a> for the month.</p><p>Here's what it had to say and how its predictions matched actual market movement. All returns are through the June 30 close.</p><h2 id="where-to-invest-2">Where to invest</h2><p>When I asked Gemini <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/where-to-invest-in-an-uncertain-market"><u>where to invest</u></a> in June, it offered several suggestions of "potential investment opportunities and considerations," including the industrial sector and select <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/best-tech-stocks-to-buy">tech stocks</a>.</p><p>The industrial sector, according to Gemini, "is seeing momentum from rising infrastructure investment," as well as efforts to "revitalize domestic manufacturing."</p><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/best-industrial-stocks-to-buy">Industrial stocks</a>, as measured by the <strong>Industrial Select Sector SPDR Fund</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=XLI" target="_blank">XLI</a>), rose a little more than 3% in June, putting them right in the middle of the pack as far as the 11 S&P 500 sectors go.</p><div class="tradingview-widget-container"> <div class="tradingview-widget-container__widget"></div> <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-single-quote.js" async>{"source":"singleQuote","id":"57c3c9bc-89d4-4ace-b32e-70e0321e5666","colorTheme":"light","isTransparent":false,"locale":"en","width":"350","symbol":"AMEX:XLI","realType":"embed"}</script></div><p>Among the month's biggest industrials gainers were <strong>GE Aerospace</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=GE" target="_blank">GE</a>, +4.7%), <strong>GE Vernova</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=GEV" target="_blank">GEV</a>, +11.9%) and <strong>Howmet Aerospace</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=HWM" target="_blank">HWM</a>, +9.6%).</p><p>The chatbot also advised keeping an eye on select tech stocks "that are drawing attention," including <strong>Nvidia</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=NVDA" target="_blank">NVDA</a>), which finished the month up 16.8%, and <strong>Microsoft</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=MSFT" target="_blank">MSFT</a>), which gained 8%.</p><p>The stock market closed out June with strong gains as investors cheered positive developments in President Donald <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/whats-happening-with-trump-tariffs"><u>Trump's tariff policies</u></a>, including easing trade tensions between the United States and China.</p><p>For the month, the tech-heavy <strong>Nasdaq Composite</strong> emerged as the clear winner, rising 6.6% to end June at a record high. The <strong>S&P 500</strong>'s 5% return was enough to send it back into all-time-high territory, while the blue chip <strong>Dow Jones Industrial Average</strong> added 4.3%.</p><div class="tradingview-widget-container"> <div class="tradingview-widget-container__widget"></div> <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-market-overview.js" async>{"source":"marketOverview","id":"34779651-166e-4c93-9e8a-186d02108c9d","colorTheme":"light","dateRange":"12M","showChart":true,"locale":"en","largeChartUrl":"","isTransparent":false,"showSymbolLogo":true,"showFloatingTooltip":false,"width":"400","height":"550","plotLineColorGrowing":"rgba(41, 98, 255, 1)","plotLineColorFalling":"rgba(41, 98, 255, 1)","gridLineColor":"rgba(240, 243, 250, 0)","scaleFontColor":"rgba(19, 23, 34, 1)","belowLineFillColorGrowing":"rgba(41, 98, 255, 0.12)","belowLineFillColorFalling":"rgba(41, 98, 255, 0.12)","belowLineFillColorGrowingBottom":"rgba(41, 98, 255, 0)","belowLineFillColorFallingBottom":"rgba(41, 98, 255, 0)","symbolActiveColor":"rgba(41, 98, 255, 0.12)","tabs":[{"title":"Indices","originalTitle":"Indices","symbols":[{"d":"S&P 500 Index","s":"FOREXCOM:SPXUSD"},{"d":"Dow Jones Industrial Average Index","s":"FOREXCOM:DJI"},{"d":"Nasdaq Composite","s":"NASDAQ:IXIC"}]},{"title":"Futures","originalTitle":"Futures","symbols":[{"d":"S&P 500","s":"CME_MINI:ES1!"},{"d":"Euro","s":"CME:6E1!"},{"d":"Gold","s":"COMEX:GC1!"},{"d":"WTI Crude Oil","s":"NYMEX:CL1!"},{"d":"Gas","s":"NYMEX:NG1!"},{"d":"Corn","s":"CBOT:ZC1!"}]},{"title":"Bonds","originalTitle":"Bonds","symbols":[{"d":"T-Bond","s":"CBOT:ZB1!"},{"d":"Ultra T-Bond","s":"CBOT:UB1!"},{"d":"Euro Bund","s":"EUREX:FGBL1!"},{"d":"Euro BTP","s":"EUREX:FBTP1!"},{"d":"Euro BOBL","s":"EUREX:FGBM1!"}]},{"title":"Forex","originalTitle":"Forex","symbols":[{"d":"EUR to USD","s":"FX:EURUSD"},{"d":"GBP to USD","s":"FX:GBPUSD"},{"d":"USD to JPY","s":"FX:USDJPY"},{"d":"USD to CHF","s":"FX:USDCHF"},{"d":"AUD to USD","s":"FX:AUDUSD"},{"d":"USD to CAD","s":"FX:USDCAD"}]}],"realType":"embed"}</script></div><h2 id="best-stocks-to-buy-in-june-according-to-ai-2">Best stocks to buy in June, according to AI</h2><p>When I asked Gemini on May 30 what the best stocks to buy in June would be, it offered several suggestions.</p><p>It tapped <strong>Alphabet</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=GOOGL" target="_blank">GOOGL</a>) as a stock pick that's "favored by fund managers," and is "positioned well for growth," given the company's "dominance in search (Google), YouTube, Android and Google Cloud."</p><p>Gemini added that some analysts feel GOOGL is undervalued.</p><p>GOOGL shares rose 2.6% in June, lagging the S&P 500's 5% return. Longer term, the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/best-communication-services-stocks-to-buy">communication services stock</a> is down 6.9% for the year to date and has shed 3.3% the past 12 months.</p><div class="tradingview-widget-container"> <div class="tradingview-widget-container__widget"></div> <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-single-quote.js" async>{"source":"singleQuote","id":"43502f17-a2de-4a09-8a07-9a4c7e7b143d","colorTheme":"light","isTransparent":false,"locale":"en","width":"350","symbol":"NASDAQ:GOOGL","realType":"embed"}</script></div><p><strong>Nike</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=NKE" target="_blank">NKE</a>), an athletic apparel and footwear maker, is another name that Gemini suggested was a stock to watch in June, given "recent analyst discussions and market activity."</p><p>NKE shares were down more than 9% for the year to date heading into June, but pared this deficit to 6.9%, thanks to a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/stock-market-today-stocks-swing-as-trump-scraps-canada-trade-talks">well-received earnings report</a>.</p><p>HSBC Global Research analysts think the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/blue-chip-stocks/605147/hedge-funds-top-blue-chip-stocks-to-buy-now"><u>blue chip stock</u></a> has finally reached an inflection point, and upgraded it to Buy from Hold after earnings.</p><p>"We think there is more than tangible evidence that Nike has a path to see its sales rebound in the not-too-distant future, and its margins to be repaired, and this despite an unfavorable tariff headwind," they wrote in a note to clients.</p><p>HSBC adds that Nike appears to be "a battered leader with a convincing reboot," and that its "full refreshed team … is acting with speed and experience."</p><div class="tradingview-widget-container"> <div class="tradingview-widget-container__widget"></div> <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-single-quote.js" async>{"source":"singleQuote","id":"0fe56a35-c8f2-4306-a0db-c12e5bd0afa9","colorTheme":"light","isTransparent":false,"locale":"en","width":"350","symbol":"NYSE:NKE","realType":"embed"}</script></div><h2 id="the-bottom-line-on-ai-vs-the-stock-market-in-june-2">The bottom line on AI vs the stock market in June</h2><p>Gemini notes that its recommendations are "for general guidance only and does not constitute financial advice," which I appreciated.</p><p>It also reminded me of the risks involved with <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/how-to-start-investing-in-the-stock-market"><u>investing in the stock market</u></a>, such as losing my money, and advised me to conduct my own due diligence and consider speaking with a financial adviser.</p><p>I would never blindly invest in anything an AI chatbot recommended — and neither should you.</p><p>Still, it's an interesting exercise to see how picks made by AI would perform throughout the month — so much, I'm doing it again for June.</p><p>Check back next month to see how AI's stock picks fared. Hint: We're watching <strong>Jabil</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=JBL" target="_blank">JBL</a>) and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/tech-stocks/602685/cybersecurity-stocks-to-lock-up-growth">cybersecurity stocks</a>.</p><h3 class="article-body__section" id="section-related-content"><span>Related content</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/happy-retirement/will-an-ai-robot-take-care-of-you-in-old-age">Will an AI Robot Take Care of You in Old Age?</a></li><li><a href="https://www.kiplinger.com/investing/tech-stocks/top-tech-m-and-a-deals-to-watch">Top Tech M&A 2025: The Prospects We're Watching</a></li><li><a href="https://www.kiplinger.com/business/blue-collar-workers-add-ai-to-their-toolboxes">Blue Collar Workers Add AI to Their Toolboxes</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/investing/ai-vs-the-stock-market-june-2025</link> <description> <![CDATA[ AI is a new tool to help investors analyze data, but can it beat the stock market? Here's how a chatbot's stock picks fared in June. ]]> </description> <guid isPermaLink="false">3afbsoFSxLRBdLKHXhQby9</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/Uca2yPqrMzoKZRT6MaNTMY.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Mon, 30 Jun 2025 21:13:01 +0000</pubDate> <category><![CDATA[Investing]]></category> <author><![CDATA[ karee.venema@futurenet.com (Karee Venema) ]]></author> <dc:creator><![CDATA[ Karee Venema ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/Uca2yPqrMzoKZRT6MaNTMY.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[Abstract image of AI robot pointing at a digitized stock bar chart]]></media:text> <media:title type="plain"><![CDATA[Abstract image of AI robot pointing at a digitized stock bar chart]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/Uca2yPqrMzoKZRT6MaNTMY-1200-80.jpg" /> </item> <item> <title><![CDATA[ Stock Market Today: A Historic Quarter Closes on High Notes ]]></title> <dc:content><![CDATA[ <p>The last day of the second quarter and the first half opened on positive notes after the U.S. and Canada restarted trade talks over the weekend. Stocks held modest gains on relatively light volume ahead of Jobs Thursday during a holiday-shortened trading week.</p><p>Prime Minister Mark Carney said Canada would not collect a digital service tax scheduled to take effect Monday, satisfying President Donald Trump's demand and setting the stage for a broader bilateral trade agreement by July 21.</p><p>Focus for investors, traders and speculators now turns to Thursday's 8:30 am Eastern Standard Time release of the June <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/when-is-the-next-jobs-report"><u>jobs report</u></a>.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_TZ5u6hI1_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="TZ5u6hI1"> <div id="botr_TZ5u6hI1_a7GJFMMh_div"></div> </div> </div></div><p>"After a rebounding tech sector propelled the S&P 500 back to all-time highs last week," observes E*TRADE Managing Director <a data-analytics-id="inline-link" href="https://www.linkedin.com/in/larkin1" target="_blank"><u>Chris Larkin</u></a>, "it may be up to the labor market to keep the momentum going this week."</p><p>Larkin adds that "with the tariff picture still up in the air, a negative surprise on the jobs front could have more of an impact, especially during what will likely be a light-volume holiday week."</p><p>Note that the U.S. stock market will close at 1 pm and the bond market will close at 2 pm Thursday. Both <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stock-market-holidays"><u>the stock market and the bond market are closed</u></a> Friday in the U.S. in observance of Independence Day.</p><h2 id="stocks-and-bonds-u-s-stocks-and-bonds-2">Stocks and bonds... U.S. stocks and bonds</h2><p>Talk about President Trump's trade war dominated the second quarter. The story is far from finished, and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/key-tariff-issues-to-watch"><u>key tariff dates</u></a> are coming in heavy with potential to disrupt markets all over again.</p><p>Morgan Stanley strategists <a data-analytics-id="inline-link" href="https://www.linkedin.com/in/vishwanath-tirupattur-14a51b/" target="_blank"><u>Vishwanath Tirupattur</u></a> and <a data-analytics-id="inline-link" href="https://www.linkedin.com/in/serena-tang-5b644b148/" target="_blank"><u>Serena Tang</u></a>, noting investors "have many reasons for rethinking allocations to any market" – including earnings, valuations and economic growth – address the uncertainty narrative in price terms.</p><p>So far, despite historic volatility, headline performance data suggest all is well after everything that went down in April came back up by June – and that goes for <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/should-i-buy-stocks-or-should-i-buy-bonds-right-now"><u>stocks as well as bonds</u></a>.</p><p>"Weekly data across global equity ETFs and mutual funds from Lipper show that international investors have been net buyers through the weeks after Liberation Day and most of May," the strategists write.</p><p>Indeed, the data show that while foreign investors were adding to U.S. stocks, U.S. investors were net sellers.</p><p>"Overall," Tirupattur and Tang conclude, "we don't find much evidence to support the narrative that foreign investors have been reallocating away from U.S. stocks."</p><p>Meanwhile, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/bonds/605008/10-bond-funds-to-buy-now"><u>bond funds</u></a>' data tell a similar story. "Net fund inflows to U.S. bond funds have been positive," the analysts find.</p><p>At the closing bell, the <strong>S&P 500</strong> was up 0.5% at 6,204, the <strong>Nasdaq Composite</strong> added 0.5% to 20,369, and the <strong>Dow Jones Industrial Average</strong> had risen 0.6% to 44,094.</p><p>The S&P ended the second quarter with a gain of 11.2% – its best three-month performance since October to December 2023. The broad-based index is up 5.4% year to date.</p><p>The Nasdaq rose 17.7% during the second quarter and is now up 5.5% in 2025. The Dow added 6% from April through June and is higher by 3.5% this year.</p><p>And, at the end of one of the most volatile three-month periods of the century, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/why-the-10-year-u-s-treasury-yield-is-so-important-right-now"><u>the yield on the 10-year U.S. Treasury note</u></a> closed at 4.226% vs 4.245% as of March 31 and a quarterly peak of 4.607% on May 21.</p><p>The 10-year Treasury yield hit a 2025 high of 4.896% on January 13.</p><div class="tradingview-widget-container"> <div class="tradingview-widget-container__widget"></div> <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-market-overview.js" async>{"source":"marketOverview","id":"19fb22cc-e2a9-4b3b-a39b-1674120e649e","colorTheme":"light","dateRange":"12M","showChart":true,"locale":"en","largeChartUrl":"","isTransparent":false,"showSymbolLogo":true,"showFloatingTooltip":false,"width":"400","height":"550","plotLineColorGrowing":"rgba(41, 98, 255, 1)","plotLineColorFalling":"rgba(41, 98, 255, 1)","gridLineColor":"rgba(240, 243, 250, 0)","scaleFontColor":"rgba(19, 23, 34, 1)","belowLineFillColorGrowing":"rgba(41, 98, 255, 0.12)","belowLineFillColorFalling":"rgba(41, 98, 255, 0.12)","belowLineFillColorGrowingBottom":"rgba(41, 98, 255, 0)","belowLineFillColorFallingBottom":"rgba(41, 98, 255, 0)","symbolActiveColor":"rgba(41, 98, 255, 0.12)","tabs":[{"title":"Indices","originalTitle":"Indices","symbols":[{"d":"S&P 500 Index","s":"FOREXCOM:SPXUSD"},{"d":"Dow Jones Industrial Average Index","s":"FOREXCOM:DJI"},{"d":"Nasdaq Composite","s":"NASDAQ:IXIC"}]},{"title":"Futures","originalTitle":"Futures","symbols":[{"d":"S&P 500","s":"CME_MINI:ES1!"},{"d":"Euro","s":"CME:6E1!"},{"d":"Gold","s":"COMEX:GC1!"},{"d":"WTI Crude Oil","s":"NYMEX:CL1!"},{"d":"Gas","s":"NYMEX:NG1!"},{"d":"Corn","s":"CBOT:ZC1!"}]},{"title":"Bonds","originalTitle":"Bonds","symbols":[{"d":"T-Bond","s":"CBOT:ZB1!"},{"d":"Ultra T-Bond","s":"CBOT:UB1!"},{"d":"Euro Bund","s":"EUREX:FGBL1!"},{"d":"Euro BTP","s":"EUREX:FBTP1!"},{"d":"Euro BOBL","s":"EUREX:FGBM1!"}]},{"title":"Forex","originalTitle":"Forex","symbols":[{"d":"EUR to USD","s":"FX:EURUSD"},{"d":"GBP to USD","s":"FX:GBPUSD"},{"d":"USD to JPY","s":"FX:USDJPY"},{"d":"USD to CHF","s":"FX:USDCHF"},{"d":"AUD to USD","s":"FX:AUDUSD"},{"d":"USD to CAD","s":"FX:USDCAD"}]}],"realType":"embed"}</script></div><h2 id="up-and-mixed-2">Up and mixed</h2><p>Stocks closed generally higher Monday, but performance among the sectors was, of course, mixed. As it was for the second quarter, terrain tells a more complex story than headlines permit.</p><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/best-financial-stocks-to-buy"><u>Financial stocks</u></a>, for example, led the way higher after the Fed's <a data-analytics-id="inline-link" href="https://www.federalreserve.gov/newsevents/pressreleases/bcreg20250627b.htm" target="_blank"><u>annual stress test results</u></a> – announced after Friday's closing bell – revealed large banks are well positioned to weather a severe recession.</p><p>The tests also showed the "too big to fail" class is staying above minimum capital requirements and is still lending to households and businesses.</p><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/best-consumer-discretionary-stocks-to-buy"><u>Consumer discretionary stocks</u></a>, on the other hand, were the worst among the 11 S&P 500 sectors categorized by the Global Industry Classification Standard (GICS).</p><div class="tradingview-widget-container"> <div class="tradingview-widget-container__widget"></div> <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-single-quote.js" async>{"source":"singleQuote","id":"d3a77344-ae6e-4372-b6de-57dabed3127d","colorTheme":"light","isTransparent":false,"locale":"en","width":"350","symbol":"wfc","realType":"embed"}</script></div><p>Financials such as <strong>Wells Fargo</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=WFC" target="_blank">WFC</a>, +0.7%) and consumer discretionary stocks such as <strong>Amazon.com</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=AMZN" target="_blank">AMZN</a>, -1.8%) are both considered "risk on" leaders.</p><p>As Morgan Stanley strategists Tirupattur and Tang said, investors have many reasons to sell. But AMZN stock could be off today at least in part because its founder and executive chair offloaded <a data-analytics-id="inline-link" href="https://www.barrons.com/articles/amazon-stock-jeff-bezos-wedding-60e2c63d" target="_blank"><u>$5.4 billion worth on his wedding day</u></a>.</p><p>Still, this kind of mixed-up divergence makes perfect sense on the final trading day of this particular second quarter.</p><p>WFC and AMZN – whatever you think of big banks and Jeff Bezos – also make sense from a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/we-are-peter-lynch-how-to-invest-in-what-you-know"><u>how to invest in what you know</u></a> approach to the stock market.</p><div class="tradingview-widget-container"> <div class="tradingview-widget-container__widget"></div> <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-single-quote.js" async>{"source":"singleQuote","id":"a2df6186-7971-4a61-887e-75b40721dc32","colorTheme":"light","isTransparent":false,"locale":"en","width":"350","symbol":"amzn","realType":"embed"}</script></div><h3 class="article-body__section" id="section-related-content"><span>Related content</span></h3><ul><li><a href="https://www.kiplinger.com/investing/stocks/are-these-the-next-stocks-to-split">Are These the Next Stocks to Split?</a></li><li><a href="https://www.kiplinger.com/investing/why-investing-abroad-could-pay-off">Why Investing Abroad Could Pay Off</a></li><li><a href="https://www.kiplinger.com/investing/economy/who-will-replace-jerome-powell-as-fed-chair">Who Will Replace Jerome Powell as Fed Chair?</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/investing/stocks/stock-market-today-a-historic-quarter-closes-on-high-notes</link> <description> <![CDATA[ "All's well that ends well" is one way to describe the second quarter of 2025, at least from a pure price-action perspective. ]]> </description> <guid isPermaLink="false">J7nAtL2TVoeBzN8rAaLjtJ</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/dPTAt9ogAJdm4WV7MgCSwG.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Mon, 30 Jun 2025 20:04:41 +0000</pubDate> <category><![CDATA[Stocks]]></category> <category><![CDATA[Investing]]></category> <dc:creator><![CDATA[ David Dittman ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/dPTAt9ogAJdm4WV7MgCSwG.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[a green bull climbs a green arrow higher]]></media:text> <media:title type="plain"><![CDATA[a green bull climbs a green arrow higher]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/dPTAt9ogAJdm4WV7MgCSwG-1200-80.jpg" /> </item> <item> <title><![CDATA[ Is It Worth Getting a Free iPhone Through T-Mobile? ]]></title> <dc:content><![CDATA[ <p>It's common for cell phone companies to offer introductory deals to entice you to switch services to them.</p><p>Sometimes, this can take the form of lower monthly plans and steep discounts on phones, like <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/deals/mint-mobile-summer-phone-deals">Mint Mobile</a> does.</p><p>Or you can receive a free iPhone outright just by switching lines, which is exactly what T-Mobile is currently offering.</p><p>Let's break down the deal to see whether it's a good enough value to make the switch worth it.</p><h2 id="t-mobile-is-offering-a-free-iphone-when-you-switch-2">T-Mobile is offering a free iPhone when you switch</h2><p>If you switch to T-Mobile and port your number over, you can be eligible to receive a free iPhone 16 Pro for you and up to three other lines.</p><div class="product star-deal"><a data-dimension112="e540bb69-8d05-46c1-8f40-2c51c5a4184a" data-action="Star Deal Block" data-label="New customers can receive one of Apple's best phones for free when you switch, port in your number and choose the right plan with the monthly device payment option. You will also need to pay taxes on the device and activation fees." data-dimension48="New customers can receive one of Apple's best phones for free when you switch, port in your number and choose the right plan with the monthly device payment option. You will also need to pay taxes on the device and activation fees." href="https://www.t-mobile.com/cell-phone/apple-iphone-16-pro" target="_blank" rel="nofollow"><figure class="van-image-figure " ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:1024px;"><p class="vanilla-image-block" style="padding-top:66.70%;"><img id="9tLknqpj4Kn88GLes9Sgmf" name="iPhone 16 Pro" caption="" alt="" src="https://cdn.mos.cms.futurecdn.net/9tLknqpj4Kn88GLes9Sgmf.jpg" mos="" align="middle" fullscreen="" width="1024" height="683" attribution="" endorsement="" credit="" class=""></p></div></div></figure></a><p>New customers can receive one of Apple's best phones for free when you switch, port in your number and choose the right plan with the monthly device payment option. You will also need to pay taxes on the device and activation fees. <a class="view-deal button" href="https://www.t-mobile.com/cell-phone/apple-iphone-16-pro" target="_blank" rel="nofollow" data-dimension112="e540bb69-8d05-46c1-8f40-2c51c5a4184a" data-action="Star Deal Block" data-label="New customers can receive one of Apple's best phones for free when you switch, port in your number and choose the right plan with the monthly device payment option. You will also need to pay taxes on the device and activation fees." data-dimension48="New customers can receive one of Apple's best phones for free when you switch, port in your number and choose the right plan with the monthly device payment option. You will also need to pay taxes on the device and activation fees." data-dimension25="">View Deal</a></p></div><p>Given the iPhone 16 Pro starts at $999, this means a family of four can save close to $4,000 just by switching and choosing this device.</p><p>Sounds good on the surface, but what's the fine print?</p><p>First, you'll need to port your number over. If you were planning to switch carriers anyways, this isn't a big deal.</p><p>Before porting, you'll need basic information, such as your cellular provider's account number, PIN (if applicable), your phone number and address. Once they have this information, the process can take a few hours to complete.</p><p>Moreover, you'll also need to choose the right plan.</p><h2 id="how-to-get-a-free-iphone-with-the-experience-beyond-55-plan-2">How to get a free iPhone with the Experience Beyond 55+ plan</h2><p>Similar to other phone incentives, you'll need to choose the right plan. Thankfully, T-Mobile has <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/spending/t-mobile-offers-senior-phone-plans">55+ plans</a>, where you can save money and receive the same perks as regular options.</p><div class="product star-deal"><a data-dimension112="a6f8c2f7-a8d6-478d-b2d7-cf92e8b60ed5" data-action="Star Deal Block" data-label="T-Mobile offers three, discounted plans for ages 55 and up. It allows you to enjoy free texting, calling and high-speed data access for less." data-dimension48="T-Mobile offers three, discounted plans for ages 55 and up. It allows you to enjoy free texting, calling and high-speed data access for less." href="https://www.t-mobile.com/cell-phone-plans/unlimited-55-senior-discount-plans?INTNAV=tNav%3APlans%3AUnlimitedAge55" target="_blank" rel="nofollow"><figure class="van-image-figure " ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:3200px;"><p class="vanilla-image-block" style="padding-top:56.25%;"><img id="GCV2jDr8DR8ymFw6eHkeZm" name="tmus-stock-2020-new.jpg" caption="" alt="" src="https://cdn.mos.cms.futurecdn.net/GCV2jDr8DR8ymFw6eHkeZm.jpg" mos="" align="middle" fullscreen="" width="3200" height="1800" attribution="" endorsement="" credit="" class=""></p></div></div></figure></a><p>T-Mobile offers three, discounted plans for ages 55 and up. It allows you to enjoy free texting, calling and high-speed data access for less. <a class="view-deal button" href="https://www.t-mobile.com/cell-phone-plans/unlimited-55-senior-discount-plans?INTNAV=tNav%3APlans%3AUnlimitedAge55" target="_blank" rel="nofollow" data-dimension112="a6f8c2f7-a8d6-478d-b2d7-cf92e8b60ed5" data-action="Star Deal Block" data-label="T-Mobile offers three, discounted plans for ages 55 and up. It allows you to enjoy free texting, calling and high-speed data access for less." data-dimension48="T-Mobile offers three, discounted plans for ages 55 and up. It allows you to enjoy free texting, calling and high-speed data access for less." data-dimension25="">View Deal</a></p></div><p>To qualify for a no-cost iPhone with service credit, you'll need to choose the Experience Beyond with 55+ Savings. This plan runs you $85 per month for one line or $130 for two, and includes the following perks:</p><ul><li>A five-year price guarantee on your plan price</li><li>You can upgrade your phone annually</li><li>Unlimited talk, text and premium data</li><li>Unlimited hotspot data</li><li>Unlimited texting and 15GB of high-speed data when traveling to more than 215 countries</li><li>Free ad-supported plans of <a href="https://www.kiplinger.com/personal-finance/deals/get-netflix-hulu-and-apple-tv-plus-for-free-at-t-mobile">Apple TV Plus, Netflix and Hulu</a></li></ul><p>Along with choosing the Experience Beyond plan, you'll need to maintain service for 24 months, as you'll receive a credit on each billing statement for the free iPhone, totalling up to $1,000 over two years.</p><p>If you cancel before the 24-month term, you'll incur the remaining balance on the phone.</p><h2 id="is-the-free-iphone-deal-from-t-mobile-worth-it-2">Is the free iPhone deal from T-Mobile worth it?</h2><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:2121px;"><p class="vanilla-image-block" style="padding-top:66.67%;"><img id="YTLUtFWHVHUM7U26AWKFoK" name="GettyImages-589090445" alt="Businessman using mobile phone at desk" src="https://cdn.mos.cms.futurecdn.net/YTLUtFWHVHUM7U26AWKFoK.jpg" mos="" align="middle" fullscreen="" width="2121" height="1414" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><p>It depends on your needs. If you enjoy having the newest technology, plan to travel often and enjoy streaming perks, the deal is an incredible value.</p><p>Sure, $85 per month is expensive on the surface. For two years, that's $2,040 plus taxes. However, once you start adding the incentives, you'll see how good of a deal this is.</p><p>First, you receive a free iPhone 16 Pro. On its own, it would cost you $1,000. Then, there are the streaming perks. You'll receive free subscriptions to Apple TV Plus, Hulu and Netflix. Combined, that's a savings of $27.97 per month, or $211.74 over the course of 24 months, provided the benefits stay the same.</p><p>These perks alone drive down the costs of T-Mobile's most expensive 55+ plan to a mere $35 per month over two years. And you receive a five-year price lock, unlimited data and the option to upgrade your phone every year if you want to.</p><p>Alternatively, if you don't need all the bells and whistles and just want a reliable network to talk and text, T-Mobile has other 55+ plans available.</p><p>The <a data-analytics-id="inline-link" href="https://www.prf.hn/click/camref:1101l3ZJWb/pubref:kiplinger-us-1311415829622835969/destination:https%3A%2F%2Fwww.t-mobile.com%2Fcell-phone-plans%2Funlimited-55-senior-discount-plans" target="_blank" rel="sponsored"><u>Essentials Choice 55</u></a> offers incredible value: You'll receive unlimited texting, calling and 50GB of premium data for $45 for one line or $60 for two lines.</p><p>Therefore, even if you don't want to take advantage of T-Mobile's free iPhone deal, they're worth a closer look, especially if you are 55+.</p><h3 class="article-body__section" id="section-related-content"><span>Related content</span></h3><ul><li><a href="https://www.kiplinger.com/personal-finance/spending/t-mobile-offers-senior-phone-plans">T-Mobile Offers Senior Phone Plans: Are The Perks Worth the Price?</a></li><li><a href="https://www.kiplinger.com/personal-finance/deals/get-netflix-hulu-and-apple-tv-plus-for-free-at-t-mobile">You Can Get Netflix, Hulu and Apple TV Plus for Free at T-Mobile</a></li><li><a href="https://www.kiplinger.com/personal-finance/gadgets/what-to-know-about-trump-mobile-and-other-low-cost-options">Should You Switch to a Budget Wireless Carrier?</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/personal-finance/spending/is-tmobile-free-iphone-worth-it</link> <description> <![CDATA[ T-Mobile offers a free iPhone 16 Pro with select plans, including a 55+ option. Is the incentive worth the switch over? ]]> </description> <guid isPermaLink="false">pN7wzieDgAv6ySrpWSC6Mo</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/qYY2JNWonsdjoNHdxFjAaA.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Mon, 30 Jun 2025 17:12:09 +0000</pubDate> <category><![CDATA[Spending]]></category> <category><![CDATA[Personal Finance]]></category> <dc:creator><![CDATA[ Sean Jackson ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/qYY2JNWonsdjoNHdxFjAaA.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/qYY2JNWonsdjoNHdxFjAaA-1200-80.jpg" /> </item> <item> <title><![CDATA[ What About Those ‘Guaranteed’ Life Insurance Ads? ]]></title> <dc:content><![CDATA[ <p>How many times have you seen a TV commercial or received a letter stating that you can’t be turned down for this <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/life-insurance/10-things-you-should-know-about-life-insurance">life insurance</a>?</p><p>“Guaranteed issue” or “guaranteed acceptance” <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/life-insurance/what-is-whole-life-insurance">whole life insurance</a> doesn’t require a medical examination or answering medical history questions for approval. In many cases, you must only meet the age requirements, usually between 40 and 85. Premiums are fixed, and coverage doesn’t lapse except in cases of premium delinquency.</p><p>Because coverage cannot be denied, guaranteed issue policies are ideally suited for individuals with pre-existing conditions or those who have been declined coverage for other types of life insurance. The limited death benefit can cover some end-of-life expenses, such as funeral costs, medical bills or outstanding debts, ensuring that family members aren’t left with those financial burdens. However, these insurance policies have four significant limitations.</p><h2 id="1-guaranteed-life-insurance-comes-with-higher-premiums-2">1. 'Guaranteed' life insurance comes with higher premiums</h2><p>While the ads tout low monthly premiums, the policies are actually expensive for the amount of coverage provided — mainly due to the absence of medical underwriting. The insurer assumes more risk and compensates by charging higher premiums.</p><h2 id="2-small-death-benefits-2">2. Small death benefits</h2><p>These policies typically offer minimal death benefits, often ranging between $2,000 and $25,000. This may be sufficient to cover <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/ways-to-save-on-funeral-expenses">funeral expenses</a> but not significant financial obligations such as mortgage payments or income replacement.</p><h2 id="3-deferral-of-full-death-benefit-2">3. Deferral of full death benefit</h2><p>Beneficiaries usually don’t receive the full death benefit. Instead, they may only receive a return of premiums paid plus interest. Full death benefits typically vest after two or three years following the policy's effective date.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_sTWQUVku_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="sTWQUVku"> <div id="botr_sTWQUVku_a7GJFMMh_div"></div> </div> </div></div><h2 id="4-no-cash-value-accumulation-2">4. No cash value accumulation</h2><p>With little or no accumulated cash value, you can’t <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/insurance/borrowing-against-your-life-insurance-how-it-works">borrow against the policy</a> or build savings over time.</p><h2 id="other-options-to-consider-at-lower-premiums-2">Other options to consider at lower premiums</h2><p>“Simplified issue” life insurance policies may still require answering some questions about your medical history, but they do not require a comprehensive medical examination. “Guaranteed acceptance term” policies are also available. Be wary, however, of term life insurance policies that may automatically lapse at age 80 and have premiums that may increase in five-year bands.</p><p><em>Note: This item first appeared in Kiplinger Retirement Report, our popular monthly periodical that covers key concerns of affluent older Americans who are retired or preparing for retirement. </em><a data-analytics-id="inline-link" href="https://subscribe.kiplinger.com/pubs/KE/KRP/KRP_3995_7495.jsp?cds_page_id=260978&cds_mag_code=KRP&id=1713297743106&lsid=41071501187034946&vid=2&cds_response_key=I2ZRZ00Z"><u><em>Subscribe for retirement advice</em></u></a><em> that’s right on the money.</em></p><h3 class="article-body__section" id="section-related-content"><span>Related content</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/is-life-insurance-necessary">To Insure or Not to Insure: Is Life Insurance Necessary?</a></li><li><a href="https://www.kiplinger.com/personal-finance/insurance/life-insurance/603300/retirees-its-not-too-late-to-buy-life-insurance">Retirees, It's Not Too Late to Buy Life Insurance</a></li><li><a href="https://www.kiplinger.com/retirement/why-your-life-insurance-should-cover-more-than-just-death">Why Your Life Insurance Should Cover More Than Just Death</a></li><li><a href="https://www.kiplinger.com/personal-finance/life-insurance/smart-ways-to-use-your-life-insurance-while-youre-alive">Five Ways to Use Your Life Insurance While You're Alive</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/personal-finance/insurance/what-about-those-guaranteed-life-insurance-ads</link> <description> <![CDATA[ Guaranteed life insurance policies can sound tempting if you've been declined for insurance elsewhere. Here are four downsides and one alternative. ]]> </description> <guid isPermaLink="false">U9WrwhM3dqezCUVu4xbCWh</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/WT4njtWfzHoiH6buQJsRUE.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Mon, 30 Jun 2025 13:18:50 +0000</pubDate> <category><![CDATA[Insurance]]></category> <category><![CDATA[Life Insurance]]></category> <category><![CDATA[Personal Finance]]></category> <dc:creator><![CDATA[ Robert H. Yunich ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/WT4njtWfzHoiH6buQJsRUE.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[African American couple on a outdoor walk and hike enjoying bird watching and photography.]]></media:text> <media:title type="plain"><![CDATA[African American couple on a outdoor walk and hike enjoying bird watching and photography.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/WT4njtWfzHoiH6buQJsRUE-1200-80.jpg" /> </item> <item> <title><![CDATA[ 13 Answers to Pressing Social Security Questions ]]></title> <dc:content><![CDATA[ <p>Claiming <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/601708/social-security-basics-12-things-you-must-know-about-claiming-and">Social Security</a> benefits can be complicated. Retirees have to figure out the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/strategies-for-deciding-when-to-file-for-social-security">optimal time to apply</a>, estimate the impact of other income on their monthly payments, and determine the best way to take advantage of spousal and survivor benefits, among other things.</p><p>We’re here to help. In this article, we answer some common questions about how the system works.</p><h2 id="social-security-claiming-strategies-for-couples-and-exes-2">Social Security claiming strategies for couples (and exes)</h2><p><strong>We often hear about strategies couples can use to get the most from their combined benefits when one spouse has higher lifetime earnings from work. But what’s the best approach if a dual-income couple has a similar earnings history and will be eligible for roughly the same benefit? <br></strong>The decision to file for benefits shouldn’t be made in a vacuum, says <a data-analytics-id="inline-link" href="https://www.narssa.org/resources/about/advisory-board/" target="_blank">Martha Shedden</a>, president of the <a data-analytics-id="inline-link" href="https://www.narssa.org/" target="_blank">National Association of Registered Social Security Analysts</a>. If the couple has sufficient income from other sources, such as a pension or retirement savings plans, they should wait until they’re both 70 to file for benefits, Shedden says. “That’s going to be the best-case scenario because they’re maximizing benefits for them as a couple,” she says.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><p>If both partners can <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/should-you-still-wait-until-70-to-claim-social-security">wait until age 70 to file</a>, they’ll both benefit from delayed-retirement credits, which increase benefits by 8% a year between full retirement age and age 70. (Full retirement age is 66 for those who were born between 1943 and 1954; it gradually increases to 67 for those born in 1960 or later.)</p><p>In instances in which one spouse is the higher earner, it makes sense for that spouse to postpone benefits as long as possible. Consider having the lower-earning spouse file for benefits at full retirement age, or even as early as 62 if necessary. Use the lower-earning spouse’s benefits, along with income from other sources, to pay expenses while the higher earner’s benefits — which will get the biggest boost from delayed-retirement credits — continue to grow until the higher earner turns 70.</p><p><strong>How early can you claim survivor benefits after your spouse dies? <br></strong>Surviving spouses who were married for at least nine months before their spouse’s death are entitled to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/widows-penalty-dont-miss-out-on-higher-social-security-benefits">survivor benefits</a> at age 60, or age 50 if they’re disabled (or at any age if they have a dependent child who is younger than 16 or who became disabled before age 22).</p><p>However, if you claim survivor benefits at age 60, you’ll be entitled to only about 71.5% of your late spouse’s benefits, compared with 100% of your late spouse’s benefits if you wait until you reach full retirement age. If your benefits will be less than the survivor benefits, a better strategy is to file for your benefits at age 62 and switch to survivor benefits when you reach full retirement age, which is when those benefits reach their maximum.</p><p>Conversely, if your benefit will be larger, you could claim survivor benefits as early as age 60 and allow your benefits — which are eligible for delayed credits — to grow until you reach age 70, at which point you could switch to your benefits. Survivor benefits don’t increase after you reach your full retirement age, so this is the most effective way to take advantage of delayed-retirement credits.</p><p><strong>I’m divorced. Can I file for benefits based on my ex-spouse’s earnings record?<br></strong>You may be eligible for <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/can-both-spouses-collect-social-security-benefits">spousal benefits</a> if you were married at least 10 years, you’re currently single, and you’re at least 62 years old.</p><p>Whether you qualify to receive these benefits depends on the amount of your retirement benefit (if any) and the amount of the ex-spousal benefit at the time you file. Spousal (and ex-spousal) benefits are a maximum of 50% of the spouse’s full benefit — in other words, the amount received at full retirement age.</p><p>If you’ve been divorced for at least two years, you don’t need to wait until your ex has started to collect retirement benefits, and you don’t have to notify them that you’re collecting spousal benefits based on their record. Filing for ex-spousal benefits won’t affect the amount of benefits your ex is eligible to receive, nor will it affect the amount of benefits your ex’s current spouse will receive if your ex remarried. If you’ve been married more than once and meet the other eligibility criteria, you can choose which ex to base your ex-spousal earnings on.</p><p>If your ex dies, you may also qualify for survivor benefits, which are even more valuable. In that case, you’re eligible to claim as much as the entire amount of your late ex’s benefits.</p><p><strong>How will remarriage affect my eligibility for Social Security survivor benefits? <br></strong>If you remarry before reaching age 50, you won’t be eligible for disability or survivor benefits based on your deceased former spouse’s work record unless your second marriage ends by divorce or annulment. If you remarry between the ages of 50 and 59, you may qualify for survivor benefits if you’re disabled and unable to work, but otherwise, you’re ineligible for survivor benefits. If you remarry at age 60 or older, you’re eligible for survivor benefits based on your deceased spouse’s record or your new spouse’s record (once you have been married one year), whichever provides the larger benefit.</p><h2 id="working-while-on-social-security-2">Working while on Social Security</h2><p><strong>I filed for Social Security at age 62 but have gone back to work. Can I put my benefits on hold? <br></strong>If you’re collecting benefits and earn income from a job before you reach full retirement age, Social Security may hold back some of your benefits through what’s known as the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/602606/social-security-earnings-tests-4-things-you-must-know">earnings test</a>. In 2025, Social Security will withhold $1 of benefits for every $2 you earn above $23,400. If you reach full retirement age in 2025, you can earn up to $62,160 without benefits being held back; after that, Social Security will withhold $1 for every $3 you earn over the exempt amount. Earnings in or after the month you reach full retirement age don’t count toward the earnings test.</p><p>You may be able to avoid the earnings test — and boost the amount of your monthly payments — by asking Social Security to withdraw or suspend your benefits. If you filed for benefits within the past 12 months, you can request a withdrawal of benefits and repay the amount you’ve received. By waiting until full retirement age (or later, up to age 70) to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/how-do-i-stop-and-restart-social-security">restart the clock</a>, you’ll increase the amount of your monthly benefit. You can do this only once.</p><p>After the 12-month window, you can’t request a do-over. However, once you reach full retirement age, you can ask Social Security to suspend your benefits until up to age 70. This will enable you to earn delayed-retirement credits of 8% a year, which will increase the amount of your monthly payment when you resume benefits.</p><p><strong>I retired midyear, before reaching full retirement age, and filed for Social Security benefits. Will I be penalized because the income I received before I retired exceeded the limit for the earnings test? <br></strong>Not necessarily, even if you earned more than the annual limit before you stopped working. Midyear retirees who haven’t reached full retirement age are eligible for a monthly test that can be used for only one year, usually the first year of retirement. Those who are eligible for the monthly earnings test can receive 100% of their benefits for any full month the agency considers them retired, regardless of total annual earnings.</p><p>In 2025, if you haven’t reached <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/603439/whats-my-social-security-full-retirement-age">full retirement age</a> (when the earnings test goes away), Social Security considers you retired if you don’t earn more than $1,950 per month. Here’s an example: Suppose you earn $50,000 through September, when you retire from your full-time job at age 63. From October through December, you work part-time (or not at all) and earn less than $1,950 per month. In that case, you’ll receive full Social Security benefits for those months, even though you earned more than $23,400 for the year.</p><p><strong>If I work past full retirement age, do I have to worry about the earnings test? <br></strong>No. Beginning with the month you reach full retirement age, income from a job will no longer reduce your benefits, no matter how much you earn. However, earning income from work could increase the likelihood that you’ll pay taxes on up to 85% of your benefits.</p><h2 id="maximizing-your-social-security-benefits-2">Maximizing your Social Security benefits</h2><p><strong>How can I increase the amount of my monthly payment? <br></strong>First, some background: The <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/how-to-get-the-maximum-social-security-check">maximum Social Security check</a> for 2025 is $5,108 per month, up from $4,873 in 2024, but most beneficiaries will receive less than that. In 2025, the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/what-is-the-average-social-security-check-by-age">average monthly payment</a> is $1,976.</p><p>Your monthly benefit is based on your 35 highest-earning years. (To qualify for a benefit at all, you need the equivalent of 10 years of full-time work.) That means if you work for only 28 years, Social Security will use your 28 years of earnings plus seven zeros to calculate your benefit. If you work more than 35 years, Social Security will consider your 35 highest-earning years to calculate your benefit.</p><p>Working longer could increase your monthly benefit, particularly if you’re in your highest-earning years and/or took time off to care for children or elderly parents. And even after you stop working, you can increase your monthly payment by delaying benefits. You’re eligible to take benefits as early as age 62, but claiming before your full retirement age reduces your benefit. If your full retirement age is 67 and you claim at 62, for example, your benefits are reduced by 30%. If you wait beyond your full retirement age, you’ll get a delayed-retirement credit for each year until you turn 70.</p><h2 id="social-security-boost-for-public-employees-2">Social Security boost for public employees</h2><p><strong>As a state government worker, I was subject to reduced Social Security benefits. How will recent changes in the law affect me? <br></strong>In early January, former President Biden signed into law a bipartisan bill that repealed the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), federal policies that reduced Social Security benefits for certain workers who receive a public pension. The change will extend full benefits to nearly 3 million retirees. Teachers, firefighters and police officers are among those commonly impacted by the WEP and GPO. The <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/retirement/t051-c000-s001-a-public-pension-and-full-social-security-benefits.html">new law</a>, called the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/social-security-fairness-act-checklist">Social Security Fairness Act</a>, affects <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/what-is-the-social-security-payment-schedule">Social Security payments</a> made after December 2023.</p><p>Earlier this year, the <a data-analytics-id="inline-link" href="https://www.ssa.gov/" target="_blank">Social Security Administration</a> made a one-time retroactive payment for benefits going back to January 2024 to retirees who were affected by the WEP and GPO. And starting in April, most affected beneficiaries began receiving their <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/bigger-social-security-checks-are-arriving-in-april">increased monthly benefit</a>. You should have received a notice in the mail explaining the change in your benefits. In cases that are too complex to be processed automatically, it may take more time to process the change in benefits and the retroactive payment, the Social Security Administration says.</p><p>The amount that payments are increasing will vary greatly, Social Security says. Some beneficiaries will see only a modest change, while others will receive more than an additional $1,000 a month.</p><p><strong>What if I never filed for benefits because I assumed they would be wiped out by the WEP? <br></strong>You may need to file for benefits at <a data-analytics-id="inline-link" href="https://www.ssa.gov/apply" target="_blank">www.ssa.gov/apply</a>. Other Social Security policies still apply, such as a reduction in benefits if you file before you reach full retirement age or are working and subject to the earnings test.</p><h2 id="social-security-help-for-caregivers-2">Social Security help for caregivers</h2><p><strong>If an elderly relative has given me </strong><a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/estate-planning/power-of-attorney"><strong>power of attorney</strong></a><strong> for finances, do I have the right to manage Social Security benefits for them? <br></strong>No, but the Social Security Administration allows caregivers and others to act as a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/one-retirement-safeguard-youve-never-heard-of">representative payee</a> for a beneficiary. Through this program, you can protect an elderly relative (or other family member) from <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/how-to-spot-a-social-security-scam-and-what-to-do">scams</a> or mismanagement that could affect their benefits. A representative payee has the authority to receive a beneficiary’s payments and use them on the beneficiary’s behalf.</p><p>To apply to be a representative payee, make an appointment at a Social Security branch office. You’ll need to complete Form SSA-11-BK (Request to be Selected As Payee) and provide documents to verify your identity.</p><p>If you’re a Social Security beneficiary and want to protect your benefits in the event you become incapacitated, you can designate up to three people to act as your representative payee. You can use your <a data-analytics-id="inline-link" href="https://www.ssa.gov/myaccount/" target="_blank">my-SocialSecurity online account</a> to make the advance designation, and you can update it at any time. Social Security will ask for your designees’ names, telephone numbers, and, if you choose to provide it, their relationship to you.</p><h2 id="social-security-benefits-for-expats-2">Social Security benefits for expats</h2><p><strong>I’m planning to move to another country. How will that affect my Social Security benefits? <br></strong><a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/how-to-manage-retirement-savings-when-living-abroad">Living abroad</a> won’t affect your Social Security benefits, with a few exceptions (Social Security won’t send payments to Cuba or North Korea, for example). If you plan to be outside the U.S. for 30 days or more, provide Social Security with the name of the country or countries you plan to visit and the date you expect to leave the U.S. Social Security will send you instructions on how to receive your benefits while you’re away.</p><p>Every one to two years, the SSA sends a questionnaire to individuals who are <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/social-security-payments-suspended-for-americans-abroad">receiving Social Security benefits outside of the U.S.</a> If you don’t complete and return this form, Social Security may suspend your benefits.</p><h2 id="social-security-solvency-concerns-2">Social Security solvency concerns</h2><p><strong>I’m worried that </strong><a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/when-will-social-security-and-medicare-trust-funds-run-out-of-money"><strong>Social Security will run out of money</strong></a><strong> in a few years. With that in mind, doesn’t it make sense to file for benefits as early as possible? <br></strong>Without congressional action, the Social Security Old-Age and Survivors Insurance Trust Fund, which funds retiree benefits, is scheduled to be depleted by 2033; the Old-Age, Survivors, and Disability Insurance program, which also accounts for disability benefits, is projected to run out of money in 2035.</p><p>Lawmakers, aware that Social Security is overwhelmingly popular with their constituents, have pledged to shore up the fund before that date. But even if that doesn’t happen, Social Security won’t disappear. Instead, benefits will be cut by about 17%.</p><p>With that in mind, it may make sense to delay claiming your benefits as long as possible, says Shedden, president of the National Association of Registered Social Security Analysts. “If there’s a future cut, you’ll get it from a larger benefit instead of a smaller one,” she says.</p><h2 id="get-help-from-a-social-security-expert-2">Get help from a Social Security expert</h2><p>If you need guidance as you figure out how to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security-benefits-optimization">maximize your benefits</a>, a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/registered-social-security-analyst">Registered Social Security Analyst (RSSA)</a> can help you estimate the amount of benefits you’re in line to receive, identify strategies to increase your monthly payment (such as by waiting until at least your full retirement age to claim benefits), project <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/604321/taxes-on-social-security-benefits">how much of your benefits will be taxable</a>, and give you a comprehensive picture of all the benefits Social Security provides, including disability and survivor benefits.</p><p>Martha Shedden, president and cofounder of the National Association of Registered Social Security Analysts (NARSSA), created the certification in 2017 after she was unable to find the type of detailed information she needed. To obtain the certification, individuals must complete a five-part educational program through NARSSA, pass the RSSA Competency Final Exam, and meet specific professional requirements. Those who receive the certification are also equipped with a software program called Roadmap, which gives clients a personalized picture of their benefit outlook.</p><p>You can <a data-analytics-id="inline-link" href="https://rssa.com/find-an-rssa" target="_blank">find an RSSA</a> through the National Association of Registered Social Security Analysts’ website or by asking for referrals from a financial adviser or other trusted professional. They can see you in person or meet virtually.</p><p><em>Note: This item first appeared in Kiplinger Personal Finance Magazine, a monthly, trustworthy source of advice and guidance. Subscribe to help you make more money and keep more of the money you make </em><a data-analytics-id="inline-link" href="https://subscribe.kiplinger.com/pubs/KE/KPP/KPP_2995v4995.jsp?cds_page_id=268237&cds_mag_code=KPP&id=1713297678770&lsid=41071501187034946&vid=1&cds_response_key=I3ZPZ00Z"><u><em>here</em></u></a><em>.</em></p><h3 class="article-body__section" id="section-related-content"><span>Related content</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/social-security/many-americans-failed-this-social-security-quiz">Nearly Half of Americans Failed This Social Security Quiz About Retirement</a></li><li><a href="https://www.kiplinger.com/retirement/raising-the-social-security-retirement-age">How Would Raising the Social Security Retirement Age to 69 Affect You?</a></li><li><a href="https://www.kiplinger.com/retirement/social-security/how-to-get-the-maximum-social-security-check">Want the Maximum Social Security Check in 2026? Here's What You Need to Do Now</a></li><li><a href="https://www.kiplinger.com/retirement/social-security/the-8-year-rule-of-social-security-a-retirement-rule">The '8-Year Rule of Social Security' — A Retirement Rule</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/retirement/13-answers-to-pressing-social-security-questions</link> <description> <![CDATA[ From smart claiming strategies for couples to tips on maximizing your monthly check, we have advice that can help you. ]]> </description> <guid isPermaLink="false">hVJa6ida7WVo4Kmd4hb3Lk</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/sxHKRnNwEE3qbGNsUDoDN6.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Mon, 30 Jun 2025 10:30:00 +0000</pubDate> <category><![CDATA[Retirement]]></category> <category><![CDATA[Social Security]]></category> <author><![CDATA[ kiplinger@futurenet.com (Sandra Block) ]]></author> <dc:creator><![CDATA[ Sandra Block ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/sxHKRnNwEE3qbGNsUDoDN6.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[A senior couple goes over their finances together at the kitchen table.]]></media:text> <media:title type="plain"><![CDATA[A senior couple goes over their finances together at the kitchen table.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/sxHKRnNwEE3qbGNsUDoDN6-1200-80.jpg" /> </item> <item> <title><![CDATA[ Keep Tax Collectors at Bay with Muni Bond Funds ]]></title> <dc:content><![CDATA[ <p><em>Prices and other data are as of May, 2025.</em></p><p>You’ve got some money in bond funds. You did some shopping, and your fund is throwing off more than 4% in interest. Pretty good, considering <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/inflation">inflation</a> ran at 2.4% the past 12 months.</p><p>Now you talk to your accountant, who reminds you that you’re in the 32% <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/tax-brackets/602222/income-tax-brackets">tax bracket</a>. Oops. Your 4% yield is now 2.7%. Back out inflation and you’re earning just 0.3%. On a $10,000 investment, that’s a return after taxes and inflation of $30. Take your best friend to dinner at McDonald’s.</p><p>You can’t do much about inflation, but you can do something about taxes — with <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/investing/t052-c000-s001-municipal-bonds.html">municipal bonds</a>. “For years, the only reason to own bonds was diversification,” says <a data-analytics-id="inline-link" href="https://www.linkedin.com/in/jim-murphy-b3176712/" target="_blank">Jim Murphy</a>, lead portfolio manager for municipal bonds at <a data-analytics-id="inline-link" href="https://www.troweprice.com/en/us" target="_blank">T. Rowe Price</a>. But now, they’re good inflation insurance. Some high-yield municipal bond funds and ETFs yield 5% or more. If you’re in the 32% tax bracket, you’d need your taxable fund to yield 7.4% to get the same return after taxes.</p><p>Pretty tasty, right? Just remember that your high muni yield comes with a side order of risk.</p><h2 id="muni-bonds-the-risks-2">Muni bonds: The risks</h2><p>Muni bonds are issued by states, cities and municipal organizations, and their interest is exempt from federal income taxes. If you own a muni bond issued by your state, interest is free from federal, state and local taxes.</p><p>The main risk from any high-yield bond is that the issuer defaults and can’t pay interest or repay the principal at maturity. High-yield muni funds pick from bonds on the lower end of <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/investing/t052-c000-s001-what-bond-ratings-mean.html">credit ratings</a>, which means they're rated lower than Baa (by Moody's) or BBB (by S&P and Fitch). Municipal defaults are rare — about 0.8% since 1970, according to <a data-analytics-id="inline-link" href="https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/fixed-income/moodys-investors-service-data-report-us-municipal-bond.pdf" target="_blank">Fidelity Investments</a>. Current bankruptcy law doesn’t allow states to go bankrupt, although <a data-analytics-id="inline-link" href="https://www.politifact.com/article/2020/apr/24/can-states-file-bankruptcy-should-they-what-you-ne/" target="_blank">cities and other municipal issuers</a> can.</p><p>But the price of a muni bond can go down if buyers begin to doubt the issuer's solvency — for example, if companies such as Moody’s downgrade their credit rating. Because just 5% of the total municipal bond market is considered high yield, price drops can be rapid.</p><p>Puerto Rico’s bonds were a classic example of what can go wrong. The bonds were highly popular with muni funds because interest from them is tax-exempt in every state. In 2015, prices on <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/investing/t041-c007-s001-4-lessons-from-the-puerto-rico-debt-crisis.html">Puerto Rico’s bonds fell</a> about 12%, to 68.5 cents on the dollar, on the day the island’s governor declared the debt “not payable.”</p><p>All bonds face interest rate risk. Bond prices fall when <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/interest-rates">interest rates</a> rise, and vice versa. If you own an individual bond and hold it to maturity, you don’t have to worry about rising or falling rates. If you own bonds through a fund or ETF, however, you can lose money when rates rise. (Conversely, you can gain if you sell after rates fall).</p><p>A muni fund manager has two ways to increase a fund’s yield. She can buy bonds with long maturities, or she can buy bonds with a higher default rate; both strategies tend to make the fund riskier. For example, <strong>iShares High Yield Muni Active ETF</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=HIMU" target="_blank">HIMU</a>) currently yields just over 5%. The fund sometimes holds as much as half of its portfolio in unrated bonds, according to <a data-analytics-id="inline-link" href="https://www.morningstar.com/" target="_blank">Morningstar</a>, and it tends to buy longer-term bonds than its peers. <strong>Capital Group Municipal High-Income ETF</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=CGHM" target="_blank">CGHM</a>) tends to buy shorter-term, higher-quality bonds. Its current yield is just under 4.5%.</p><p>If you want to see how munis fare in a rising rate environment, look at how they performed in 2022, when rates rose sharply. The <strong>Vanguard Total Bond Market ETF</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=BND" target="_blank">BND</a>) fell 13%. <strong>IShares National Muni Bond ETF</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=MUB" target="_blank">MUB</a>), the largest muni bond ETF, fell over 7%, while <strong>First Trust Municipal High Income</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=FMHI" target="_blank">FMHI</a>), the largest high-yield muni bond ETF, fell almost 15%.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_D5KoxCRv_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="D5KoxCRv"> <div id="botr_D5KoxCRv_a7GJFMMh_div"></div> </div> </div></div><h2 id="municipal-bonds-what-to-buy-2">Municipal bonds: What to buy</h2><p>Stay away from high-yield munis with high expense ratios. Every dollar you give to your fund company is one you won’t have when you need it.</p><p>Two muni ETFs that have expenses below 0.5% and yields above 4%: <strong>iShares High Yield Muni Active ETF</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=HIMU" target="_blank">HIMU</a>) and <strong>SPDR Nuveen Bloomberg High Yield Municipal Bond ETF</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=HYMB" target="_blank">HYMB</a>). Two garden-variety mutual funds that fit the bill: <strong>Eaton Vance High Yield Municipal</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=EWHYX" target="_blank">EWHYX</a>) and <strong>T. Rowe Price Intermediate Term High Yield</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=PRIHX" target="_blank">PRIHX</a>).</p><p>Typically, the best time to buy muni funds is when the yield of a 10-year high-grade muni bond is about 85% of that of a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/investing/t052-c000-s001-uncle-sam-s-bonds.html">Treasury security </a>with a similar term. By that measure, munis are as cheap as they have been since the economic recovery began in 2022, according to <a data-analytics-id="inline-link" href="https://www.nuveen.com/global?type=global" target="_blank">Nuveen</a>.</p><p><em>Note: This item first appeared in Kiplinger Retirement Report, our popular monthly periodical that covers key concerns of affluent older Americans who are retired or preparing for retirement. </em><a data-analytics-id="inline-link" href="https://subscribe.kiplinger.com/pubs/KE/KRP/KRP_3995_7495.jsp?cds_page_id=260978&cds_mag_code=KRP&id=1713297743106&lsid=41071501187034946&vid=2&cds_response_key=I2ZRZ00Z"><u><em>Subscribe for retirement advice</em></u></a><em> that’s right on the money.</em></p><h3 class="article-body__section" id="section-related-content"><span>Related content</span></h3><ul><li><a href="https://www.kiplinger.com/investing/such-high-yields-in-high-grade-munis-may-not-last-long">Such Attractive Yields in High-Grade Munis Are Rare and May Not Last Long</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/this-boring-retirement-income-source-has-big-tax-benefits">This Boring Retirement Income Source Has Big Tax Benefits</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/the-rule-of-240-paychecks-in-retirement">The Rule of 240 Paychecks in Retirement</a></li><li><a href="https://www.kiplinger.com/investing/remembering-bogle-a-new-standard-for-municipal-investing">Remembering Bogle: A New Standard for Municipal Investing</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/investing/keep-tax-collectors-at-bay-with-muni-bond-funds</link> <description> <![CDATA[ Municipal bonds can be good insurance against inflation — and interest is tax-free. But as with all investments, understanding risk is key. ]]> </description> <guid isPermaLink="false">rfdwgsjpfqQQx57AUyFa5F</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/KDkyzRhpUhe5XMXrfSp6zY.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Mon, 30 Jun 2025 09:46:00 +0000</pubDate> <category><![CDATA[Investing]]></category> <category><![CDATA[Bonds]]></category> <category><![CDATA[Retirement Planning]]></category> <category><![CDATA[Retirement]]></category> <dc:creator><![CDATA[ John Waggoner ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/KDkyzRhpUhe5XMXrfSp6zY.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA["Municipal bonds" is written in a notebook, with drawn pictures of cash and coins on a bright green background.]]></media:text> <media:title type="plain"><![CDATA["Municipal bonds" is written in a notebook, with drawn pictures of cash and coins on a bright green background.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/KDkyzRhpUhe5XMXrfSp6zY-1200-80.jpg" /> </item> <item> <title><![CDATA[ Eight Tips From a Financial Caddie: How to Keep Your Retirement on the Fairway ]]></title> <dc:content><![CDATA[ <p>I didn’t expect an epiphany when I attended the <a data-analytics-id="inline-link" href="https://www.farmersinsuranceopen.com/" target="_blank">Farmers Insurance Open</a> at Torrey Pines Golf Course in San Diego earlier this year, yet that is what I got.</p><p>And it wasn’t professional golfers who led me to this illuminating moment. It was the caddies.</p><p>People often think of caddies as simply the people who carry the golf clubs, but they are so much more. I was able to stand close enough to golfers and caddies at Torrey Pines to see their relationship in action.</p><p>These caddies know the course well. They point out the danger zones and the safe places to hit. They know the slopes of the greens and where the bunkers are. In other words, the caddie’s knowledge helps keep the golfer out of trouble.</p><p><em>The Kiplinger Building Wealth program handpicks financial advisers and business owners from around the world to share retirement, estate planning and tax strategies to preserve and grow your wealth. These experts, who never pay for inclusion on the site, include professional wealth managers, fiduciary financial planners, CPAs and lawyers. Most of them have certifications including CFP®, ChFC®, IAR, AIF®, CDFA® and more, and their stellar records can be checked through the </em><a data-analytics-id="inline-link" href="https://adviserinfo.sec.gov/" target="_blank"><em>SEC</em></a><em> or </em><a data-analytics-id="inline-link" href="https://brokercheck.finra.org/" target="_blank"><em>FINRA</em></a><em>.</em></p><p>As I watched caddies offer their advice, it occurred to me that this is similar to the relationship between financial professionals and our clients. We study the course (the markets and the investment options) and recommend approaches that fit the moment.</p><p>With that in mind, let’s take a look at a few of the traps you might face with your retirement savings and what to do to improve your chances of landing nicely on the green.</p><p>As your financial caddie, there are eight factors I think you should consider.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><h2 id="factor-no-1-risk-2">Factor No. 1: Risk</h2><p>Investing comes with risks, but are you taking the right amount of risk for your personal situation? A lot goes into deciding that. If you are in or near retirement, you want to be careful that you haven’t taken on so much risk that a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/market-turmoil-what-history-tells-us-about-volatility">down market</a> could torpedo your retirement plans.</p><p>If you are too conservative with your investments, you run the risk of <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/inflation">inflation</a> eating away at your savings. It is essential to make sure the amount of risk you take is the correct amount for your situation.</p><p>Ideally, you want a percentage of your investments to be in safer assets while keeping some of your money invested aggressively.</p><h2 id="factor-no-2-taxation-2">Factor No. 2: Taxation</h2><p>Among the things you won’t escape in retirement is income tax. Even a portion of your <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/604321/taxes-on-social-security-benefits">Social Security benefit can be taxed</a> depending on your overall income. But there’s no need to pay more than you owe, so make sure your finances are structured in a tax-efficient manner.</p><p>Here is just one example: The order in which you withdraw money from accounts can make a difference. You should start with taxable accounts, then tax-deferred accounts and finally tax-free accounts, such as a Roth IRA.</p><h2 id="factor-no-3-internal-costs-2">Factor No. 3: Internal costs</h2><p>Many people are unaware that there are fees associated with their investments. Just as an example, mutual funds and exchange-traded funds (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/slideshow/investing/t022-s002-9-things-you-must-know-about-etfs/index.html">ETFs</a>) typically have an annual management fee that is a percentage of the fund’s value.</p><p>You might also pay a fee at the time you buy or sell one of these funds. It’s important to know what fees you are paying and how much, so you can make the best decisions about your investments.</p><h2 id="factor-no-4-roth-conversions-2">Factor No. 4: Roth conversions</h2><p>Many people save for retirement through tax-deferred accounts, such as a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-plans/traditional-ira/602169/traditional-ira-basics-contributions-rmds">traditional IRA</a> or <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/401ks/is-a-401k-worth-it-here-are-the-pros-and-cons">401(k)</a>. This means you avoid, for now, paying taxes on the income you contribute to those accounts.</p><p>But when you begin using that money in retirement, your withdrawals will be taxed.</p><p>Also, starting when you are 73 (or 75 if born in 1960 or later), the federal government will require you to withdraw a certain percentage each year so the IRS can collect the tax.</p><p>This is why owners of tax-deferred accounts should consider a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/roth-ira-conversion-6-reasons-it-makes-sense">Roth conversion</a>. A <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/roth-iras-what-they-are-and-how-they-work">Roth IRA</a> grows tax-free, and you don’t pay taxes when you withdraw money in retirement.</p><p>Also, you aren’t subject to those required minimum distributions (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-plans/required-minimum-distributions-rmds/602350/rmd-basics-12-things-you">RMDs</a>) when you turn 73. You do pay taxes during the conversion as you move money from your tax-deferred account to the Roth, but your money then continues to grow tax-free.</p><h2 id="factor-no-5-income-plan-2">Factor No. 5: Income plan</h2><p>In retirement, you no longer receive the regular paycheck that helped you pay bills and gave you money for weekend excursions and other fun activities.</p><p>To <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/the-rule-of-240-paychecks-in-retirement">replace the paycheck</a>, you need an income plan that will keep money flowing in regularly.</p><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/601708/social-security-basics-12-things-you-must-know-about-claiming-and">Social Security</a> will provide part of that income, and a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retiring-with-a-pension-what-to-know">pension</a>, if you have one, could add to it. But you may need more to come close to replacing the amount of your paycheck.</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Building Wealth</strong></em></a><em><strong>, our free, twice-weekly newsletter.</strong></em></p><p>One option is to make withdrawals from your IRA, 401(k) or other retirement savings account, but you should be careful about the amounts of those withdrawals so that you don’t <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/running-out-of-money-in-retirement-steps-to-reduce-the-risk">run out of money</a>.</p><p>The general guideline used to be to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/the-4-rule-gets-a-closer-look">withdraw 4% annually</a>, but you may want to go with a little less or a little more than that, depending on your situation and your needs.</p><p>Another option is to purchase <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/annuities-what-they-are-and-how-they-work">an annuity</a> that can create a monthly payment for you for the rest of your life. A financial professional (your caddie) can assist in creating the income plan.</p><h2 id="factor-no-6-long-term-care-plan-2">Factor No. 6: Long-term care plan</h2><p>This is not something most of us like to think about, but there’s a good chance that either you or your spouse will require <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/long-term-care/how-to-pay-for-long-term-care">long-term care</a> at some point. And that care is pricey.</p><p>If the need arises, it’s important to have a plan in place to pay for care. There are several strategies you can use.</p><p>For example, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/long-term-care-insurance/things-you-should-know-about-long-term-care-insurance">long-term care insurance</a> policies will cover the cost of care services, including nursing homes and assisted-living facilities.</p><p>Another option is to self-fund by designating a portion of your personal savings to pay for long-term care.</p><p>The different approaches you can take to pay for this expense come with pros and cons, so you should weigh all the facts carefully.</p><h2 id="factor-no-7-wealth-transfer-2">Factor No. 7: Wealth transfer</h2><p>What will happen with your money once you are gone? To make sure your assets go to the people or charities you prefer, be sure to have <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/what-happens-if-you-die-without-a-will">a will</a> and possibly <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/revocable-trusts-the-most-common-trusts-in-estate-planning">a trust</a> in place.</p><p>You can also take steps to reduce the tax burden on your heirs when you are passing on wealth.</p><p>For example, by having money in a Roth IRA rather than a traditional IRA, your beneficiaries won’t have to pay income taxes on that amount as long as the account has been open for at least five years.</p><p>Also, you might consider giving some of your money as <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/ways-to-give-to-your-kids-tax-free-while-you-are-still-alive">gifts to your heirs while you are still alive</a>. In 2025, you and your spouse are each allowed to give up to $18,000 a year per recipient before <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/gift-tax-exclusion">gift taxes</a> come into play.</p><p>Those are just a couple of ways you could reduce the tax bill as you make the wealth transfer.</p><h2 id="factor-no-8-identity-theft-2">Factor No. 8: Identity theft </h2><p>This is a growing problem. Retirees are often targets of <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/how-identity-thieves-are-exploiting-your-trust">identity theft</a> because, among other reasons, many of them have a lot of money in savings, which is tempting to thieves.</p><p>Retirees may also have their assets spread across several accounts but may not be checking those as often as they should to catch anything unusual.</p><p>To combat these thieves, you need to have secure passwords, monitor your accounts regularly and be wary of unexpected emails or phone calls from <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/stop-scammers-targeting-your-retirement-savings">scammers</a> pretending to be someone else.</p><p>As you can see, with finances as with golf, there are hazards that can upend your plans if you’re not careful. This is where help comes in.</p><p>A good <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/how-to-find-a-financial-adviser">financial professional</a>, like a savvy caddie, can explain the lay of the course and advise you on where the trouble areas lie.</p><p>Then, using that advice, you can make decisions more confidently and with a stronger grip on the information that can help you achieve your retirement dreams.</p><p><em>Ronnie Blair contributed to this article.</em></p><p><em>The appearances in Kiplinger were obtained through a PR program. The columnist received assistance from a public relations firm in preparing this piece for submission to Kiplinger.com. Kiplinger was not compensated in any way.</em></p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/retirement-plans/checklist-for-retirement-planning">A 10-Year Retirement Planning Checklist</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/will-rmds-ruin-the-4-percent-rule-for-you">Will RMDs Ruin the 4% Rule for You?</a></li><li><a href="https://www.kiplinger.com/retirement/happy-retirement/professional-advice-when-it-comes-to-money-you-do-you">My Professional Advice: When It Comes to Money, You Do You</a></li><li><a href="https://www.kiplinger.com/retirement/what-you-expect-in-retirement-vs-the-reality">What You Expect in Retirement vs What You Get: Where Reality Can Surprise You</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/how-to-find-a-financial-adviser-for-retirement-planning">How to Find a Financial Adviser for Retirement Planning</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content> <link>https://www.kiplinger.com/retirement/retirement-planning/tips-to-keep-your-retirement-on-the-fairway</link> <description> <![CDATA[ Think of your financial adviser as a golf caddie — giving you the advice you need to nail the retirement course, avoiding financial bunkers and bogeys. ]]> </description> <guid isPermaLink="false">jkAsNwerrvzHJVyojuDkJS</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/PnmKV3FYXBzBY63CRREWmM.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Mon, 30 Jun 2025 09:35:00 +0000</pubDate> <category><![CDATA[Retirement Planning]]></category> <category><![CDATA[Wealth Creation]]></category> <category><![CDATA[Retirement]]></category> <category><![CDATA[Investing]]></category> <category><![CDATA[Wealth Management]]></category> <author><![CDATA[ info@safeguardinvestment.com (Reid Abedeen) ]]></author> <dc:creator><![CDATA[ Reid Abedeen ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/PnmKV3FYXBzBY63CRREWmM.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[A golfer and his caddie walk across the fairway of a golf course.]]></media:text> <media:title type="plain"><![CDATA[A golfer and his caddie walk across the fairway of a golf course.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/PnmKV3FYXBzBY63CRREWmM-1200-80.jpg" /> </item> <item> <title><![CDATA[ Just Sold Your Business? Avoid These Five Hasty Moves ]]></title> <dc:content><![CDATA[ <p>You did it. You just crossed the finish line of the longest, hardest race you’ve ever run. Probably the most fulfilling, too.</p><p>There is a line of people like me around the corner, offering you a whole host of products and services. It’s easy to say “yes.”</p><p>Below are the things you should say “no” to, at least for your first year out of the business.</p><h2 id="1-moving-2">1. Moving</h2><p>When you stop working, you <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/how-to-overcome-identity-loss-in-retirement">lose your identity</a>. When people ask what you do at a cocktail party, you can no longer say “I run XYZ Corp.”</p><p>You lose your structure. Your spouse may be telling you to get out of bed, but you no longer answer to the alarm clock and the Outlook calendar invites.</p><p>You lose a large part of your social network that was built in through the business. My point is that, next to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/options-for-saving-for-your-newborns-future">having your first kid</a> or <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/guide-for-what-to-do-after-losing-your-spouse">losing a spouse</a>, it’s hard to imagine a more dramatic overnight life change.</p><p><em>The Kiplinger Building Wealth program handpicks financial advisers and business owners from around the world to share retirement, estate planning and tax strategies to preserve and grow your wealth. These experts, who never pay for inclusion on the site, include professional wealth managers, fiduciary financial planners, CPAs and lawyers. Most of them have certifications including CFP®, ChFC®, IAR, AIF®, CDFA® and more, and their stellar records can be checked through the </em><a data-analytics-id="inline-link" href="https://adviserinfo.sec.gov/" target="_blank"><em>SEC</em></a><em> or </em><a data-analytics-id="inline-link" href="https://brokercheck.finra.org/" target="_blank"><em>FINRA</em></a><em>.</em></p><p>You may be living where you live because that’s where the business is. You are no longer tied to it. But it is where your social network is. It is where your doctors are. And likely, it is where at least some of your kids are.</p><p>Try to minimize unnecessary change in this first year. Try to keep being who you were and spending time with the same people you have for all these years. The <a data-analytics-id="inline-link" href="https://www.kiplinger.com/slideshow/retirement/t047-s001-great-places-to-retire-near-the-beach-2019/index.html">beach house</a> can wait (at least for a little).</p><h2 id="2-diving-into-the-market-2">2. Diving into the market</h2><p>Transactions volume and valuations are cyclical, though it does seem like we’ve been in a good cycle for a long time. If it’s a good time to sell your business, the economy is also likely in a good spot, but you never know how long that will last.</p><p>A business that I was a minority owner in sold in December 2024. The economy was hot. The price tag was high. Fast-forward a few months and the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/tag/sandp-500">S&P</a><a data-analytics-id="inline-link" href="https://www.kiplinger.com/tag/sandp-500"> 500</a> was in a nose-dive.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><p>If you took the business proceeds and rolled them directly into the public markets, you just lost 20% of the valuation.</p><p>Of course, things eventually come back, but it is always sage advice to move large lump sums into the market over time.</p><p>For an owner who is<a data-analytics-id="inline-link" href="https://www.kiplinger.com/business/selling-a-business-beware-of-blind-spots"> selling their business</a> so that they can retire, it would be common for us to advise reinvesting across an entire year. Made $10 million after taxes? Put $800,000 per month into a portfolio you are comfortable with over 12 months.</p><h2 id="3-allocating-a-significant-amount-to-private-investments-2">3. Allocating a significant amount to private investments</h2><p>Many of the deals that are happening today are funded with <a data-analytics-id="inline-link" href="https://www.kiplinger.com/kiplinger-advisor-collective/consider-private-equity-in-your-investment-portfolio">private equity</a> money. And many of those private equity deals will include at least some component of private stock. So you may already have too much money tied up in the small, illiquid companies that make up the private equity company’s portfolio.</p><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/private-markets-blackrock-ceo-what-investors-can-learn">Private investments</a> are exploding in the wealth management space. Having access to these deals used to be a differentiator for a firm like mine.</p><p>While this may still be true to an extent, the general trend is that minimums have been coming down, while fees have been going up. Your neighborhood adviser is now offering you these “private” investments in a mutual fund wrapper.</p><p>You made your money in a small private business. It worked. It makes sense to think it will work again.</p><p>The reality is that private investments take a different level of due diligence and almost always come with higher fees and less liquidity. I’d give it some time before tying up your money again.</p><h2 id="4-starting-another-business-2">4. Starting another business </h2><p>You started, scaled and exited a business. Confidence is high, and recency bias is real. Most of our clients who exited businesses did so in order to retire, but many younger owners let the momentum of a sale carry them into the next venture. My advice: Pump the brakes.</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Building Wealth</strong></em></a><em><strong>, our free, twice-weekly newsletter.</strong></em></p><p>A big part of whether you should start another venture at all depends on where you are in life and whether you need the money. We rely on financial planning software (ideally pre-sale) to make this determination. You can access a <a data-analytics-id="inline-link" href="https://app.rightcapital.com/account/sign-up?referral=ddhr8hUQaKk6JoglVAf9Tg&type=client" target="_blank">free version</a> of that software online.</p><p>Likely, part of what made you succeed the first time around was a lack of money. When you have no money, failure is not an option. In this situation, you grind, iterate and pivot until you find a profitable path.</p><p>If you are in a position where money is no longer the primary driver, you’re less likely to grind, iterate or pivot. It could end up being a hard way to lose a lot of money.</p><h2 id="5-doing-anything-until-you-know-your-tax-bill-2">5. Doing anything until you know your tax bill</h2><p>The structure of a business sale and your basis in the business largely determine the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/a-tax-planning-cautionary-tale-timing-is-critical">taxation</a>. You should seek tax advice prior to negotiations in order to make sure the sale is structured in the most efficient way possible.</p><p>Even with all of this, the actual tax bill is a bit of an unknown until you get the figure from your accountant. Just as it would be irresponsible during your working years to spend your income before <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/tax-deadline/602538/when-estimated-tax-payments-due">paying your quarterly taxes</a>, it would be irresponsible to spend large chunks of money before you know how much Uncle Sam owns.</p><p>There will be no shortage of advisers soliciting your business once that money comes in. But in my opinion, the best advisers to help you after the sale can also help you during the sale.</p><p>They are the folks who have the resources to not only build a portfolio for you, but to help advise you on the tax, estate and planning consequences of a sale.</p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/business/key-questions-for-small-business-owners-in-2025">Three Key Questions for Small-Business Owners in 2025</a></li><li><a href="https://www.kiplinger.com/business/for-business-owners-estate-and-exit-planning-join-forces">For Business Owners, Estate and Exit Planning Join Forces</a></li><li><a href="https://www.kiplinger.com/retirement/wealth-gap-the-most-important-number-for-a-business-owner-considering-a-sale">The Most Important Number for a Business Owner Considering a Sale</a></li><li><a href="https://www.kiplinger.com/retirement/business-owners-how-to-calculate-your-wealth-gap-in-mere-minutes">Business Owners: How to Calculate Your Wealth Gap in Five Minutes</a></li><li><a href="https://www.kiplinger.com/business/small-business/sell-your-business-the-pros-this-adviser-says-you-need">The Six Pros This Adviser Says You Need to Sell Your Business</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content> <link>https://www.kiplinger.com/business/small-business/just-sold-your-business-avoid-these-hasty-moves</link> <description> <![CDATA[ If you've exited your business, financial advice is likely to be flooding in from all quarters. But wait until the dust settles before making any big moves. ]]> </description> <guid isPermaLink="false">VFXTgYmp4LCN9Z6dnw4KTc</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/99nZwdDXvLzGwUzkpfK5ZM.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Mon, 30 Jun 2025 09:30:00 +0000</pubDate> <category><![CDATA[Small Business]]></category> <category><![CDATA[Wealth Creation]]></category> <category><![CDATA[Business]]></category> <category><![CDATA[Investing]]></category> <category><![CDATA[Wealth Management]]></category> <author><![CDATA[ EBeach@exit59advisory.com (Evan T. Beach, CFP®, AWMA®) ]]></author> <dc:creator><![CDATA[ Evan T. Beach, CFP®, AWMA® ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/99nZwdDXvLzGwUzkpfK5ZM.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[A businessman looks thoughtful as he looks through a window, his reflection staring back at him.]]></media:text> <media:title type="plain"><![CDATA[A businessman looks thoughtful as he looks through a window, his reflection staring back at him.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/99nZwdDXvLzGwUzkpfK5ZM-1200-80.jpg" /> </item> <item> <title><![CDATA[ Cord Cutting Could Help You Save Over $10,000 in 10 Years ]]></title> <dc:content><![CDATA[ <p>The final straw in giving up on cable and becoming a cord-cutter was when the cable box I paid $10 monthly to rent — on top of my $100 monthly bill — had fuzzy reception. To get a clear image, I had to use the cable company's app on my smart TV with an internet connection, rather than going through the cable box itself.</p><p>That made me think: Maybe I could save even more with cheaper, alternative services for cable.</p><p>After comparison shopping, I now pay $40 monthly for mostly the same channels through the <a data-analytics-id="inline-link" href="https://www.sling.com/" target="_blank" rel="nofollow">Sling app</a>, which includes digital recording, on-demand programs and a great channel guide. And it works while traveling, except for local stations. It was half the price of <a data-analytics-id="inline-link" href="https://tv.youtube.com/welcome/" target="_blank" rel="nofollow">YouTube TV</a> – and <a data-analytics-id="inline-link" href="https://www.directv.com/" target="_blank" rel="nofollow">DirectTV</a> was even pricier.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_7xws2pdR_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="7xws2pdR"> <div id="botr_7xws2pdR_a7GJFMMh_div"></div> </div> </div></div><p>After shopping, I was able to get all services, including internet, streaming services and my cellphone, for $150 per month, adding up to $100 saved monthly. Plus, I can watch programming on any device without paying rental fees for cable boxes in different rooms.</p><p>My cord-cutting savings aren't uncommon. Eighty dollars is "the minimum that I've been able to save people," says Ray Gustini, a <a data-analytics-id="inline-link" href="http://ww.wcordslayer.com" target="_blank" rel="nofollow"><u>CordSlayer</u></a> cord-cutting consultant. He helps people save money by planning equipment purchases, figuring out what services they watch, and when to rotate services by sports season or series start and end dates.</p><p>He recommends the following steps to save money by cord-cutting:</p><h2 id="1-get-a-digital-antenna-for-free-services-2">1. Get a digital antenna for free services </h2><p>With just a digital antenna in an urban area, you may be able to get free over-the-air channels such as FOX, CBS, ABC, NBC, and dozens to over a hundred local channels, depending on where you live. "It's not like back in the day where you'd get eight channels; there are hundreds of things you can pick up locals from a big variety of places," says Gustini.</p><p>Digital antennas cost under $50 if you install it yourself or can be purchased for as little as $50 with easy installation. A digital antenna can be "screwed into the back of your TV," says Gustini.</p><div class="product star-deal"><a data-dimension112="2a96abe7-2825-4025-aae3-7ec2e7456bff" data-action="Star Deal Block" data-label="Antennas Direct ClearStream Eclipse UHF Indoor TV Antenna" data-dimension48="Antennas Direct ClearStream Eclipse UHF Indoor TV Antenna" target="_blank" rel="nofollow"><figure class="van-image-figure " ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:1280px;"><p class="vanilla-image-block" style="padding-top:99.84%;"><img id="gWRLQbFY7DV6t9anoVCVwj" name="71RScLfLKSL._AC_SL1280_" caption="" alt="" src="https://cdn.mos.cms.futurecdn.net/gWRLQbFY7DV6t9anoVCVwj.jpg" mos="" align="middle" fullscreen="" width="1280" height="1278" attribution="" endorsement="" credit="" class=""></p></div></div></figure></a><p><a href="https://www.amazon.com/dp/B01HQ4BRIG/ref=sspa_dk_offsite_search_5185?aaxitk=b3fff849318ef521f27a39b25789b825&tag=hawk-future-20&ascsubtag=kiplinger-us-1317714391548919621-20&th=1" target="_blank" rel="nofollow" data-dimension112="2a96abe7-2825-4025-aae3-7ec2e7456bff" data-action="Star Deal Block" data-label="Antennas Direct ClearStream Eclipse UHF Indoor TV Antenna" data-dimension48="Antennas Direct ClearStream Eclipse UHF Indoor TV Antenna" data-dimension25=""><strong>Antennas Direct ClearStream Eclipse UHF Indoor TV Antenna</strong></a></p><p><a href="https://www.techradar.com/news/best-indoor-tv-antennas#section-the-best-indoor-tv-antenna-overall" rel="nofollow">TechRadar</a> rates this antenna as their top pick, with an impressive range of up to 70 feet. <a class="view-deal button" href="" target="_blank" rel="nofollow" data-dimension112="2a96abe7-2825-4025-aae3-7ec2e7456bff" data-action="Star Deal Block" data-label="Antennas Direct ClearStream Eclipse UHF Indoor TV Antenna" data-dimension48="Antennas Direct ClearStream Eclipse UHF Indoor TV Antenna" data-dimension25="">View Deal</a></p></div><p>Just don't expect them to work well if you don't live in a densely populated area. Jason Haviland, a <a data-analytics-id="inline-link" href="http://www.cottagestreetadvisors.com" target="_blank"><u>Cottage Street Advisors</u></a> senior partner and certified financial planner, lives 50 miles from Boston. He was too far away from TV towers near the city to get free channels with a digital antenna, so he spent several hundred dollars on a physical antenna installed on his house rooftop — only for new neighborhood trees to eventually block his signal, leaving many channels pixelated.</p><p>Thus, he has to use paid apps for some channels, but his strategy is still cheaper than cable TV services. He estimates he's saved up to $250 monthly by cutting the cord.</p><h2 id="2-explore-free-services-on-your-smart-tv-2">2. Explore free services on your smart TV</h2><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:4000px;"><p class="vanilla-image-block" style="padding-top:66.68%;"><img id="yzJtywKGt9BayzgU7Djib" name="GettyImages-2202357683" alt="A person navigates the apps on their TV using a remote." src="https://cdn.mos.cms.futurecdn.net/yzJtywKGt9BayzgU7Djib.jpg" mos="" align="middle" fullscreen="" width="4000" height="2667" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><p>If you have a smart TV, it likely comes with its own set of free programming. Samsung devices and smart TVs come preprogrammed with hundreds of channels, including networks you know. Channels currently include Movie Favorites by Lifetime, PBS Kids and MSG Sports Zone.</p><p>Other TVs have their own preprogrammed free TV, including <a data-analytics-id="inline-link" href="https://www.lg.com/us/webos/lg-channels" target="_blank" rel="nofollow"><u>LG Channels</u></a>, <a data-analytics-id="inline-link" href="https://www.vizio.com/en/watchfreeplus" target="_blank" rel="nofollow"><u>Vizio WatchFree+</u></a> and <a data-analytics-id="inline-link" href="https://tv.google/" target="_blank" rel="nofollow"><u>Google TV Live</u></a>, which is available on a variety of brands.</p><h2 id="3-don-t-pay-for-services-you-don-t-use-2">3. Don't pay for services you don’t use</h2><p>Eliminating services you never use or rotating services for sports or seasonal series can save hundreds of dollars per year. I signed up for Sling because I was used to having cable.</p><p>But I realized I only watch one TV channel beyond what I stream with <a data-analytics-id="inline-link" href="https://www.amazon.com/amazonprime" target="_blank" rel="nofollow">Amazon Prime</a> and <a data-analytics-id="inline-link" href="https://www.netflix.com/" target="_blank" rel="nofollow">Netflix</a>. Instead of paying for Sling, I can get an app for that channel and save $25 per year – or $300 annually.</p><p>"You can toggle stuff on and off," says Gustini. "That's a big thing, not rotating your subscriptions."</p><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:3908px;"><p class="vanilla-image-block" style="padding-top:66.71%;"><img id="qzfHJoJu4Tri9EoXvYHVp5" name="GettyImages-2189740690" alt="Three generations of a family sitting on couch, watching streaming services on tv." src="https://cdn.mos.cms.futurecdn.net/qzfHJoJu4Tri9EoXvYHVp5.jpg" mos="" align="middle" fullscreen="" width="3908" height="2607" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><p>Set reminders for when the show you are watching ends to cancel your subscription. Free trial end dates also need reminders.</p><p>For sports, look at what you need to purchase to watch the games you like. "You can still get a lot of those games with a digital antenna, because you'll be getting whatever's on CBS, NBC and Fox." Then, you can supplement with an ESPN standalone or a March Madness package, he says.</p><p>For services you do use, look out for regular deals and sales, like around Black Friday or <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/online-shopping/how-amazon-delivers-prime-day-orders">Amazon Prime Day</a>.</p><h2 id="let-your-cord-cutting-savings-grow-2">Let your cord-cutting savings grow </h2><p>Now that you've started making choices that save your monthly spending, you should put those savings to work.</p><p>Whether you want the safety of a high-yield savings account or to invest your money in an S&P index fund, you can easily save up over $10,000 in 10 years — and potentially over $70,000 if the investments perform well.</p><p>Let's say after cord-cutting, you're saving $75 per month. That, on its own, adds up to $9,000 over 10 years.</p><p>Now, if you take your $75 monthly savings and invest it, you could attain a total of over $11,200 or even upwards of $15,000 depending on what you do with it, thanks to growth and the power of compounding. And if you invested $75 monthly for 20 years, the base $18,000 could grow to $28,000 or even up to about $75,000, depending how you invest it and other factors.</p><p>The wide earnings difference depends on whether you invest your money in a savings account with a high interest rate (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/best-high-yield-savings-accounts"><u>high-yield savings account</u></a>) or an <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/etfs/603260/sp-500-etfs"><u>S&P 500 indexed fund</u></a> (an investment containing stocks in the largest 500 publicly traded companies).</p><p>High-yield savings accounts have variable interest rates, so the actual growth of investing $75 per month over 10 years will vary, but you can currently find accounts with rates over 4%. They differ from, say, a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/best-cd-rates">certificate of deposit (CD)</a>, which might have a higher interest rate but doesn't allow for adding new investments on a monthly basis like a savings account does.</p><p>The S&P 500, meanwhile, may sound like a "boring" way to invest in the stock market, but it’s also one of the more lucrative options. Historically, the S&P 500 has returned about 10% per year, or around 6-8% after inflation.</p><p>Haviland, the Boston-area financial planner, also suggests you could invest the extra savings <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/why-treasury-bills-are-a-good-bet"><u>in Treasury bills</u></a>, an investment by the U.S. government that often has higher returns than the average high-yield savings account. Like a CD, though, those have set schedules of how you can invest.</p><p>This is a good reminder of a few important personal finance facts:</p><ol start="1"><li>Recurring payments add up over time, so one of the most effective ways to adjust your budget is to try to cut recurring payments, like cable bills, down.</li><li>On the flip side, recurring <em>savings </em>add up over time, and a little goes a long way, especially over longer periods of time.</li></ol><p>Seemingly "small" decisions have major impacts on your financial life — and these savings might make you smile a little extra the next time you sit down to watch your favorite show.</p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/personal-finance/online-shopping/hidden-amazon-prime-video-features">Hidden Amazon Prime Video Features That Will Save You Money</a></li><li><a href="https://www.kiplinger.com/personal-finance/how-to-save-money/family-savings/601268/a-guide-to-streaming-services">How To Save On Streaming Services and Find Streaming Deals</a></li><li><a href="https://www.kiplinger.com/slideshow/spending/t050-s002-is-costco-or-sam-s-club-best-for-your-wallet/index.html">Costco vs. Sam's Club: Which Warehouse Club Is Best for Your Wallet?</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/personal-finance/leisure/cord-cutting-could-help-you-save-over-time</link> <description> <![CDATA[ How cutting the cord can save you money and how those savings can grow over time. ]]> </description> <guid isPermaLink="false">8yhfdUfZSkg8mRmihbbisJ</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/wtJgsMGbsSvXt8TURcMFKC.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Sun, 29 Jun 2025 12:00:00 +0000</pubDate> <category><![CDATA[Leisure]]></category> <category><![CDATA[Savings Accounts]]></category> <category><![CDATA[Investing]]></category> <category><![CDATA[Personal Finance]]></category> <category><![CDATA[Spending]]></category> <category><![CDATA[Banking]]></category> <category><![CDATA[Savings]]></category> <dc:creator><![CDATA[ Reyna Gobel ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/wtJgsMGbsSvXt8TURcMFKC.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[A small pair of green scissors opens to cut a green cord. ]]></media:text> <media:title type="plain"><![CDATA[A small pair of green scissors opens to cut a green cord. ]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/wtJgsMGbsSvXt8TURcMFKC-1200-80.jpg" /> </item> <item> <title><![CDATA[ The '8-Year Rule of Social Security' — A Retirement Rule ]]></title> <dc:content><![CDATA[ <p>Sometimes, waiting feels like the wrong move. Until it proves to be your best one. For instance, on June 5, 1944, Allied troops were prepared to launch the largest military invasion in history. But when poor weather rolled in, General Dwight D. Eisenhower made the high-stakes decision to delay D-Day by 24 hours, despite enormous pressure to proceed.</p><p>That pause changed the course of history.</p><p>Sure, the fate of the world doesn’t rest on your decision to file for Social Security. But the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/the-rule-of-four-futures-in-retirement"><u>quality of your retirement</u></a> might. And, like Eisenhower’s call, it often comes down to timing.</p><p>While retirees draw income from various sources, Social Security remains the most commonly cited. According to the <a data-analytics-id="inline-link" href="https://www.transamericainstitute.org/docs/research/retirees/retiree-life-post-pandemic-economy-survey-report-2024.pdf" target="_blank"><u>Transamerica Center for Retirement Studies</u></a>, 91% of retirees expect to rely on it. When you file, anytime between age 62 and 70, can mean the difference between a smaller monthly check or a significantly larger one for life.</p><p>Think of it as the “8-Year Rule of Social Security,” a strategic window that determines your permanent benefit. Understanding it — and getting the timing right — can be one of the most valuable decisions you make in retirement.</p><h2 id="what-to-know-about-the-8-year-rule-of-social-security-2">What to know about the '8-year rule of Social Security'</h2><p>Most people nearing retirement are aware that they can start receiving Social Security as early as age 62 or <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/retirement/t051-c001-s003-boost-social-security-benefit-when-you-delay.html">delay</a> up to age 70. However, fewer people understand the significant impact this eight-year window can have.</p><p>Filing at 62 locks in a benefit that’s about 30% lower than what you’d get at full retirement age (generally 66 or 67). On the other hand, waiting until 70 increases your benefit by about 8% for each year you delay, up to about 132% of your full benefit. In dollar terms, if you’re eligible for $1,000 per month at a full retirement age of 66, delaying until 70 would raise your monthly check to $1,320.</p><p>Despite the upside, many retirees still claim early. A 2022 Congressional <a data-analytics-id="inline-link" href="https://sgp.fas.org/crs/misc/R44670.pdf"><u>report</u></a> found that age 62 was the most common age to file, with 29.3% of new retired-worker beneficiaries doing so. The next most popular age was 66 (24.7%), while fewer than 10% waited until age 70.</p><p>But the “8-Year rule of Social Security” isn’t just about filing earlier or later, but also understanding how it affects your overall retirement income. Preston Cherry, founder of <a data-analytics-id="inline-link" href="https://www.concurrentfp.com/" target="_blank"><u>Concurrent Wealth Management</u></a>, explains it this way: “Filing at 62 gives you a longer runway, but with smaller checks. Waiting until 70 gives you a larger monthly income, but requires you to bridge the gap. That bridge, how you cover the years between, is where the strategy lives.”</p><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:1024px;"><p class="vanilla-image-block" style="padding-top:66.70%;"><img id="QTYkhoWDTTLhSPtH7DLrAS" name="D-Day Original Planning Chart-2155898141" alt="A detail view of an area of the beaches in northern France, as depicted on the original planning map in Southwick House in Portsmouth, England. Southwick House served as the headquarters for Supreme Allied Commander General Dwight D. Eisenhower and his staff, where the final decision to launch the D-Day invasion of Normandy was made on June 5, 1944." src="https://cdn.mos.cms.futurecdn.net/QTYkhoWDTTLhSPtH7DLrAS.jpg" mos="" align="middle" fullscreen="" width="1024" height="683" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images/Leon Neal - Original D-Day Map)</span></figcaption></figure><h2 id="why-timing-isn-t-just-about-the-math-2">Why timing isn't just about the math</h2><p>Yes, delaying your benefit results in a bigger <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/the-rule-of-240-paychecks-in-retirement"><u>monthly check</u></a>, but that doesn’t always translate into the highest lifetime payout. If you don’t expect to live very long due to health concerns or family history, claiming earlier could make more financial sense.</p><p>“It is difficult to provide a rule of thumb since individuals’ situations are so different,” says certified financial planner Clark Randall, director of financial planning at <a data-analytics-id="inline-link" href="https://creekmurwealth.com/" target="_blank"><u>Creekmur Wealth Advisors</u></a>. “Having said that, there is a general trend that the longer one’s life expectancy, the later he or she should file for Social Security, all things being equal.”</p><p>Elizabeth Scheiderer, principal and financial advisor at <a data-analytics-id="inline-link" href="https://signaltreefinancial.com/" target="_blank"><u>Signal Tree Financial Partners</u></a>, puts it more directly: “If you need the cash flow and are retired, then collecting at 62 is the ‘easy’ button. Other than that, it gets complicated.”</p><p>And it does get complicated. Timing affects more than just your benefit amount — it also influences tax planning, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/can-both-spouses-collect-social-security-benefits">spousal benefits</a> and how other income sources are coordinated. “Can we use brokerage assets or Roth dollars to cover the gap in a tax-smart way?” asks Cherry. “Will delaying Social Security reduce the chance of big <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/will-rmds-ruin-the-4-percent-rule-for-you">RMDs</a> later or help avoid <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/medicare-premiums-projected-irmaa-for-parts-b-and-d-for-2026">IRMAA surcharges</a>? Does the break-even age line up with realistic health and longevity expectations?”</p><p>Your break-even age is the point at which the total value of delayed, higher payments surpasses the total value of smaller payments received earlier. It’s a key part of the decision, especially when considering longevity and cash flow needs.</p><p>Working longer may also affect your filing decision. Randall points out that “claiming prior to full retirement age while still working will cost $1 of benefit for each $2 of earned income over $23,400 in 2025.” There’s also the Medicare impact, as higher income today could push you into IRMAA territory later, increasing your future Part B premiums.</p><p>“There’s a lot of noise out there,” Cherry adds. “Some say, ‘You should always wait until 70.’ Others say, ‘Only take it at 62 if you’re desperate.’ Neither is completely right, and that mindset puts unnecessary pressure on people. We need to normalize choosing what’s best for the individual, not what sounds smartest on paper or what someone heard incorrectly on a podcast.”</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><h2 id="how-to-make-the-most-of-the-eight-year-rule-2">How to make the most of the eight-year rule</h2><p>The biggest mistake people make isn’t necessarily filing too early or too late; it’s making the decision in a vacuum. In fact, 53% of Americans report having limited knowledge of Social Security or how it fits into their retirement plan, according to a survey by <a data-analytics-id="inline-link" href="https://www.fa-mag.com/news/americans-don-t-know-much-about-social-security--alllianz-survey-finds-79348.html" target="_blank"><u>Allianz Life</u></a>.</p><p>Financial advisors emphasize that Social Security shouldn’t be treated as a standalone choice. It’s a crucial component of your overall retirement strategy.</p><p>That’s especially true for married couples. Scheiderer notes that “If you are married, having one spouse collect early and one collect at 70 can ‘hedge’ the decision.” Planning for spousal and survivor benefits can have ripple effects on your household income for decades. When one spouse passes away, the lower of the two benefits disappears, so delaying the higher earner’s claim can make sense for long-term security.</p><p>For those who’ve already filed but are second-guessing it, there are “<a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/how-do-i-stop-and-restart-social-security">do-over</a>” options. If you claimed early, you can potentially suspend benefits once you reach full retirement age to allow them to grow again. And if you filed within the last 12 months, you can withdraw your application and repay benefits, essentially resetting your claim.</p><p>Ultimately, the best way to make the most of the "8-Year Rule of Social Security" is to be intentional. Understand the trade-offs, plan your cash flow, and factor in your health, taxes and partner’s benefits. And then, like Eisenhower, accept the weight of your decision.</p><p>Because as Scheiderer reminds us, “The only certainty is you may never know if you made the right decision. If we had a crystal ball on life expectancy, you would know the exact month you should start to collect. If only!”</p><h3 class="article-body__section" id="section-more-retirement-rules"><span>More Retirement Rules</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/retirement-planning/the-first-year-of-retirement-rule">The 'First Year of Retirement' Rule</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/the-rule-of-240-paychecks-in-retirement">The Rule of 240 Paychecks in Retirement</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/the-die-with-zero-rule-of-retirement">The 'Die With Zero' Rule of Retirement</a></li><li><a href="https://www.kiplinger.com/retirement/happy-retirement/the-rule-of-1-000-hours-in-retirement">The Rule of 1,000 Hours in Retirement</a></li><li><a href="https://www.kiplinger.com/retirement/happy-retirement/the-second-law-of-retirement-rules">The 'Second Law' of Retirement Rules</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/the-rule-of-four-futures-in-retirement">The Rule of Four Futures</a></li><li><a href="https://www.kiplinger.com/retirement/the-rule-of-usd1-000-is-this-retirement-rule-right-for-you">The Rule of $1,000: Is This Retirement Rule Right for You?</a></li><li><a href="https://www.kiplinger.com/retirement/the-rule-of-55-one-way-to-fund-early-retirement">The Rule of 55: One Way to Fund Early Retirement</a></li><li><a href="https://www.kiplinger.com/retirement/the-80-percent-rule-of-retirement-should-this-rule-be-retired">The 80% Rule of Retirement: Should This Rule be Retired?</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/the-4-rule-gets-a-closer-look">The 4% Rule for Retirement Withdrawals Gets a Closer Look</a></li><li><a href="https://www.kiplinger.com/retirement/the-rule-of-25-for-retirement-planning">The Rule of 25 for Retirement Planning: How Much Do You Need to Save?</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/retirement/social-security/the-8-year-rule-of-social-security-a-retirement-rule</link> <description> <![CDATA[ The '8-Year Rule of Social Security' holds that it's best to be like Ike — Eisenhower, that is. The five-star general knew a thing or two about good timing. ]]> </description> <guid isPermaLink="false">pzwZZThLq6q6YLnWmhcxHS</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/vwHRMGkJcRBn87vXVtkzML.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Sun, 29 Jun 2025 10:02:00 +0000</pubDate> <category><![CDATA[Social Security]]></category> <category><![CDATA[Retirement Planning]]></category> <category><![CDATA[Retirement]]></category> <author><![CDATA[ jacobsschroeder@gmail.com (Jacob Schroeder) ]]></author> <dc:creator><![CDATA[ Jacob Schroeder ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/vwHRMGkJcRBn87vXVtkzML.jpg"> <media:credit><![CDATA[Central Press/Getty Images, General Dwight D Eisenhower]]></media:credit> <media:text><![CDATA[3rd July 1951: General Dwight D Eisenhower visits London to take part in the ceremony of the handing over of the Roll of Honour of the 28,000 Americans who lost their lives in Europe during World War II. Eisenhower was later elected the 34th President of the United States. ]]></media:text> <media:title type="plain"><![CDATA[3rd July 1951: General Dwight D Eisenhower visits London to take part in the ceremony of the handing over of the Roll of Honour of the 28,000 Americans who lost their lives in Europe during World War II. Eisenhower was later elected the 34th President of the United States. ]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/vwHRMGkJcRBn87vXVtkzML-1200-80.jpg" /> </item> <item> <title><![CDATA[ Should I Buy Stocks or Bonds Right Now? ]]></title> <dc:content><![CDATA[ <p>Investors wondering should I buy <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/how-to-start-investing-in-the-stock-market">stocks</a> or should I buy <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/investing/t052-c000-s001-how-bonds-work.html">bonds</a> right now need to balance the need for growth with a need for stability.</p><p>Generally, stocks are a good way to increase the value of your retirement savings because they can appreciate significantly over time.</p><p>However, that growth potential is offset by the potential that you might lose a significant amount of money if things go poorly on Wall Street.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_TZ5u6hI1_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="TZ5u6hI1"> <div id="botr_TZ5u6hI1_a7GJFMMh_div"></div> </div> </div></div><p>On the other hand, bonds are incredibly stable and a great way to protect your money. That defensive approach comes with its own risks, however.</p><p>A number of studies show that roughly half of all Americans don’t have a penny saved for retirement, so a focus on protecting an insufficient nest egg instead of growth could mean a significant financial shortfall down the road.</p><p>Here’s more detail on the risks and rewards of both stocks and bonds and the place that each asset has in the typical investment portfolio.</p><h2 id="should-i-buy-stocks-right-now-2">Should I buy stocks right now?</h2><p>In the long run, the stock market almost always trends higher.</p><p>One popular data set shows U.S. stocks have only experienced <a data-analytics-id="inline-link" href="https://awealthofcommonsense.com/2022/07/stocks-for-the-long-run/" target="_blank"><u>three periods</u></a> of negative performance over 10-year periods since 1914, including some rough years during the Great Depression in the 1930s and the Global Financial crisis of 2008-09.</p><p>But these periods were short-lived, and the market quickly bounced back – including a phenomenal 26% year for the S&P 500 in 2009 right after the market lows the year before.</p><p>And <a data-analytics-id="inline-link" href="https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/histretSP.html" target="_blank"><u>data</u></a> provided by the Stern School of Business at NYU estimates a median return of 15% annually for the S&P since 1928.</p><p>As the old saying goes, past performance is not a guarantee of future returns. But that’s pretty powerful evidence. And it should provide comfort for long-term investors when the stock market has a bad month or even a bad year.</p><p>Selling when the market is at its worst locks in losses and causes you to sit out the inevitable rebound, and most Wall Street experts caution against knee-jerk trades in response to volatility.</p><p>History is replete with troubled times for financial markets, and it's littered with once-iconic companies toppled by mismanagement or scandal.</p><p>But, if you’re investing in a diversified portfolio of stocks instead of just a few names, inevitable bumps in the road are usually easily absorbed.</p><p>So, when should you buy stocks? In short, it’s always a good time to buy stocks.</p><p>Long-term returns are significant. And many investors who are behind on their retirement planning will need to focus on growth to catch up.</p><p>Buying stocks is an effective way to achieve that goal.</p><h2 id="should-i-buy-bonds-right-now-2">Should I buy bonds right now?</h2><p>Whether or not to buy bonds now is a bit more complicated.</p><p>While bonds are generally lower risk than stocks, at least when it comes to the potential of principal declines, they do come with challenges of their own.</p><p>Bonds – particularly rock-solid <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/how-to-buy-treasury-bonds">U.S. Treasury bonds</a> – are a hallmark of any low-risk portfolio because they are stable.</p><p>Particularly if you hold individual “investment-grade” bonds that are the most creditworthy, there’s only a small chance you will see a loss on paper.</p><p>That's true too if you hold individual bonds all the way to maturity instead of selling on the open market to incur changes in principal value.</p><p>But you may find yourself behind in other ways – <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/inflation">inflation</a>, for one.</p><p>Rates on the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/why-the-10-year-u-s-treasury-yield-is-so-important-right-now">10-year Treasury note</a> are around 4.4% at present. And given that inflation readings for 2024 hovered around 3% or so, that won’t exactly grow your nest egg significantly from a purchasing power perspective.</p><p>And, over the last decade or two, there have been some periods where interest rates don’t actually keep pace with inflation at all.</p><p>So while your bank account may not erode, your ability to pay for things could suffer under a high-inflation environment.</p><p>The other risk is simply not having enough money to live on in retirement. At the current 4.4% rate on Treasuries, it would take almost 55 years to turn $100,000 into $1 million.</p><p>Consider too that most Americans have far less than $100,000 saved, and some experts estimate much more than $1 million is required to fund a comfortable retirement.</p><p>The meager return for low-risk bonds simply doesn’t work for a lot of investors. It's just math.</p><p>For investors with significant savings, particularly those at or near retirement, bonds are a different story. You can protect your hard-won nest egg and generate reliable income to live on.</p><p>That’s presuming you have enough in the bank, however, and that inflation remains modest.</p><p>In reality, stocks and bonds each have an important role in a diversified portfolio.</p><p>There is no single investment that works for everyone, and it’s risky for any investor to rely on just one or the other.</p><h3 class="article-body__section" id="section-related-content"><span>Related content</span></h3><ul><li><a href="https://www.kiplinger.com/investing/stocks/best-long-term-investment-stocks">Best Long-Term Investment Stocks to Buy</a></li><li><a href="https://www.kiplinger.com/investing/etfs/604524/best-bond-etfs">Best Bond ETFs To Buy Now</a></li><li><a href="https://www.kiplinger.com/investing/stocks/dividend-stocks/best-dividend-stocks-you-can-count-on">Best Dividend Stocks for Dependable Dividend Growth</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/investing/stocks/should-i-buy-stocks-or-should-i-buy-bonds-right-now</link> <description> <![CDATA[ Generally speaking, stocks provide reasonable growth while bonds provide stable income. Each play important roles in diversified portfolios. ]]> </description> <guid isPermaLink="false">LjoVTkGH8PtQBGJrFGUPQn</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/CAqQBwYgixFCKjgzMc7PT4.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Sun, 29 Jun 2025 10:00:00 +0000</pubDate> <category><![CDATA[Stocks]]></category> <category><![CDATA[Investing]]></category> <author><![CDATA[ kiplinger@futurenet.com (Jeff Reeves) ]]></author> <dc:creator><![CDATA[ Jeff Reeves ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/CAqQBwYgixFCKjgzMc7PT4.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[japanese candlesticks stocks bonds balance pen pencil]]></media:text> <media:title type="plain"><![CDATA[japanese candlesticks stocks bonds balance pen pencil]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/CAqQBwYgixFCKjgzMc7PT4-1200-80.jpg" /> </item> <item> <title><![CDATA[ Tips for Expat Retirees, From Expat Retirees ]]></title> <dc:content><![CDATA[ <p>Edd and Cynthia Staton are experts on retiring abroad. They share advice and resources on their website, <a data-analytics-id="inline-link" href="http://www.eddandcynthia.com" target="_blank">www.eddandcynthia.com</a>, and recently spoke to Kiplinger Personal Finance Magazine about the practicalities of emigrating in later life.</p><p><strong>You moved from Las Vegas to Cuenca, </strong><a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retire-in-ecuador-for-an-affordable-rich-life"><strong>Ecuador</strong></a><strong>, in 2010 and now run a website with guidance for expat retirees. Based on your experience, what’s driving more Americans to </strong><a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retire-abroad-before-55-eight-expert-tips"><strong>retire abroad</strong></a><strong>? </strong></p><p><strong>Edd: </strong>Many people are reaching retirement age with insufficient savings and want more affordable solutions. Moving abroad can lower your living costs, raise your living standard and preserve your nest egg. It was scary for people to do this when we moved 15 years ago. Today, a lot more information is available, including online communities where you can learn from expats.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><p><strong>Why did you leave the U.S.? </strong></p><p><strong>Cynthia:</strong> We were casualties of the 2008–09 recession. We lost our careers and most of our financial security. We had to come up with a Plan B. Edd suggested moving someplace where the cost of living was lower. I said, “We’re not moving someplace just because it’s cheap.” So we made a wish list and tried to check off as many of the boxes as possible.</p><p><strong>Edd: </strong>We wanted temperate weather and access to health care, cultural activities and good public transportation, as well as proximity to our children on the East Coast. I stumbled upon Cuenca while doing an internet search.</p><p><strong>What key financial issues should retirees consider before moving? </strong></p><p><strong>Cynthia: </strong>Talk to your accountant or <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/how-to-find-the-right-financial-adviser">financial adviser</a> about U.S. taxes. If you’re mainly living on Social Security, your obligation could be minimal.</p><p><strong>Edd: </strong>For health care, you can pay out of pocket, sign up for the national health care plan after becoming a resident, or buy private or international coverage. If you’re eligible for <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/medicare-basics-things-you-need-to-know">Medicare</a>, we advise that you don’t opt out of coverage. The penalties are severe if you change your mind later, and many people return to the U.S., often due to medical issues.</p><p>You can have <a data-analytics-id="inline-link" href="https://www.kiplinger.com/when-to-apply-for-social-security">Social Security benefits</a> deposited in your bank in your new country if the country allows it. Or keep the money in a U.S. account and access it through ATMs.</p><p><strong>What should people know about applying for residency?</strong></p><p><strong>Cynthia: </strong>We hired an attorney to help us navigate the legal nuances. You need documents such as your birth certificate and marriage certificate, plus a police report and, depending on the type of visa, proof of guaranteed income or funds invested in a local certificate of deposit or real estate. Applying for residency is not a do-it-yourself project for most people.</p><p><strong>Any other advice for those considering an international move?</strong></p><p><strong>Cynthia: </strong>We recommend a scouting trip of at least two weeks, and up to three months if possible. Live like a local. Shop at the grocery store and ride public transit.</p><p>If you move, you’ll need a good amount of money up front for costs like paying rent and a security deposit, shipping belongings from the U.S., and buying new things. You’ll also want an <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/saving-for-your-emergency-fund-1-3-6-method">emergency fund</a>. Yet, in the long run, you can also spend less. We can go from one end of the town to another in a taxi for $3 and pay $3.50 for a lunch out that includes juice, soup, an entrée and a small dessert.</p><p><strong>Where can people go for more information about retiring abroad?</strong></p><p><strong>Cynthia: </strong>The homepage of our website, <a data-analytics-id="inline-link" href="http://www.eddandcynthia.com" target="_blank">www.eddandcynthia.com</a>, has a report titled “10 Great Reasons to Think About Living Abroad.” It answers a lot of questions.</p><p><strong>Edd: </strong><a data-analytics-id="inline-link" href="https://internationalliving.com/" target="_blank">International Living</a> and <a data-analytics-id="inline-link" href="https://www.liveandinvestoverseas.com/" target="_blank">Live and Invest Overseas</a> are great resources.</p><p><em>Note: This item first appeared in Kiplinger Personal Finance Magazine, a monthly, trustworthy source of advice and guidance. Subscribe to help you make more money and keep more of the money you make </em><a data-analytics-id="inline-link" href="https://subscribe.kiplinger.com/pubs/KE/KPP/KPP_2995v4995.jsp?cds_page_id=268237&cds_mag_code=KPP&id=1713297678770&lsid=41071501187034946&vid=1&cds_response_key=I3ZPZ00Z"><u><em>here</em></u></a><em>.</em></p><h3 class="article-body__section" id="section-related-content"><span>Related content</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/happy-retirement/retire-in-costa-rica-for-expat-heaven">Retire in Costa Rica for Expat Heaven</a></li><li><a href="https://www.kiplinger.com/retirement/happy-retirement/retire-in-mexico-get-a-lower-cost-of-living-near-the-u-s">Retire in Mexico: Get a Lower Cost of Living Near the US</a></li><li><a href="https://www.kiplinger.com/retirement/where-to-retire-belize">Retire in Belize For Stunning Natural Beauty and Culture</a></li><li><a href="https://www.kiplinger.com/retirement/how-and-where-to-retire-to-finland">Retire in Finland and Live the Nordic Dream</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/real-estate/places-to-live/tips-for-expat-retirees-from-expat-retirees</link> <description> <![CDATA[ You may enjoy a lower cost of living by moving abroad, but it requires careful planning. ]]> </description> <guid isPermaLink="false">fgsrXyu7HPLbT5XpGVV3V9</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/QSi7WNaEUUWCwegPPdBgp6.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Sun, 29 Jun 2025 09:45:00 +0000</pubDate> <category><![CDATA[Places To Live]]></category> <category><![CDATA[Happy Retirement]]></category> <category><![CDATA[Real Estate]]></category> <category><![CDATA[Retirement]]></category> <dc:creator><![CDATA[ Laura Petrecca ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/QSi7WNaEUUWCwegPPdBgp6.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[A group of retired people eat al fresco in Tuscany, Italy.]]></media:text> <media:title type="plain"><![CDATA[A group of retired people eat al fresco in Tuscany, Italy.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/QSi7WNaEUUWCwegPPdBgp6-1200-80.jpg" /> </item> <item> <title><![CDATA[ You Were Planning to Retire This Year: Should You Go Ahead? ]]></title> <dc:content><![CDATA[ <p>When I watched Jerome Powell speak during the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/news/live/may-fed-meeting-updates-and-commentary-2025">Fed’s May meeting</a>, one clear message was that the likelihood of higher prices and higher unemployment have risen — aka <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/what-is-stagflation">stagflation</a>. Add that to the fact that the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/tag/sandp-500">S&P 500</a> fell almost 20% from its 2025 highs in a two-month period.</p><p>If you are planning to retire this year, it’s understandable if you’re scared. It’s understandable to want to punt. But it may not be necessary.</p><p>Below, I’ll go through three factors to help you make the decision that’s right for you.</p><h2 id="1-how-close-are-your-plans-to-fruition-2">1. How close are your plans to fruition? </h2><p>When we run financial plans, we typically want the likelihood of success at 80% or above to feel comfortable telling clients to turn in their keys or shop their business.</p><p>If the plan is 95%, without a dramatic change in lifestyle, they probably have plenty of money.</p><p><em>The Kiplinger Building Wealth program handpicks financial advisers and business owners from around the world to share retirement, estate planning and tax strategies to preserve and grow your wealth. These experts, who never pay for inclusion on the site, include professional wealth managers, fiduciary financial planners, CPAs and lawyers. Most of them have certifications including CFP®, ChFC®, IAR, AIF®, CDFA® and more, and their stellar records can be checked through the </em><a data-analytics-id="inline-link" href="https://adviserinfo.sec.gov/" target="_blank"><em>SEC</em></a><em> or </em><a data-analytics-id="inline-link" href="https://brokercheck.finra.org/" target="_blank"><em>FINRA</em></a><em>.</em></p><p>At 80%, every decision matters a little more. You’d better hope that none of your assumptions was too optimistic.</p><p>If Powell is right and things go up in price, that 80% <a data-analytics-id="inline-link" href="https://www.investopedia.com/terms/m/montecarlosimulation.asp">Monte Carlo simulation</a> could easily drop sharply with a small increase in <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/inflation">inflation</a> assumptions.</p><p>If you want to double-check your plan, you can access the <a data-analytics-id="inline-link" href="https://app.rightcapital.com/account/sign-up?referral=ddhr8hUQaKk6JoglVAf9Tg&type=client" target="_blank">free version of the software we use</a> online.</p><p>The 80% scenario (or below) is where I would consider hanging on just a little bit longer. It will help you sleep at night. As we enter a more uncertain economic environment, it also makes it more challenging to re-enter the labor market if you have any regrets.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><h2 id="2-how-will-market-returns-early-in-retirement-affect-you-2">2. How will market returns early in retirement affect you?</h2><p>If you retired in 2010, 2020 or 2022, the “sequence of returns” was wind at your back. Markets probably drove your portfolio much higher than what you spent.</p><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/sequence-of-return-risk-how-retirees-can-protect-themselves">Sequence of return risk</a> is the other side of the coin and is essentially timing risk. What if you retire into a down market?</p><p>I’m certainly not predicting what the markets will do in the next one to three years, but a stagflationary environment is especially challenging for retirees. Slowing growth makes equity markets fall.</p><p>Rising inflation forces <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/interest-rates">interest rates</a> up, which causes bonds to fall. If you have a balanced portfolio, when stocks fall, you can sell bonds to create income.</p><p>When bonds fall, you can sell stocks to create income. When both fall, hopefully you’re cool skipping that vacation.</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Building Wealth</strong></em></a><em><strong>, our free, twice-weekly newsletter.</strong></em></p><p>If you saw your portfolio drop sharply early in 2025, this is a good time to re-evaluate and make sure that it still accurately represents your <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/risk-in-retirement-what-level-works-for-you">risk tolerance</a>, return needs and time horizon.</p><p>You may be able to take some risk off the table without impacting your lifestyle.</p><h2 id="3-are-you-retiring-from-something-or-to-something-2">3. Are you retiring from something or to something?</h2><p>Retiring from something means that you’re probably not happy in your current state. Worrying about money in retirement will be worse.</p><p>Once again, if your plan is cutting it close, and your main gripe is your current situation, I’d encourage you to tough it out a bit longer.</p><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/will-you-have-a-happy-retirement">Retiring to something</a> is almost always a better situation. If you’re retiring to something, you might be missing out on <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/why-you-may-not-want-to-move-near-the-grandkids-in-retirement">time with your grandkids</a>. You may be missing the years where you’re mobile enough to take that big trip. You’re missing out on memories, and those are hard to buy back later in life.</p><p>If this is the case, and your plan is close, see how much you’d have to cut from your monthly spending to make sure the plan is sustainable. That cut may be worth the time you get back.</p><p>If you’re retiring to something and your plan is fully funded, stop reading, start retiring.</p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/is-this-a-bad-year-to-retire">Is 2025 a Bad Year to Retire With the Stock Market in the Dumps?</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/five-signs-its-time-to-retire-in-2025">Five Signs It's Time to Retire in 2025</a></li><li><a href="https://www.kiplinger.com/retirement/sleep-better-slay-these-four-retirement-fears">Sleep Better in 2025: Slay These Five Retirement Fears</a></li><li><a href="https://www.kiplinger.com/retirement/within-five-years-of-retirement-things-to-do-now">Within Five Years of Retirement? Five Things to Do Now</a></li><li><a href="https://www.kiplinger.com/retirement/best-day-of-the-year-to-retire">Is There a Best Day of the Year to Retire?</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content> <link>https://www.kiplinger.com/retirement/retirement-planning/should-you-still-retire-this-year</link> <description> <![CDATA[ If the economic climate is making you doubt whether you should retire this year, these three questions will help you make up your mind. ]]> </description> <guid isPermaLink="false">sNCzmaVAazkcgFFpTZ4pqZ</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/pRuMqDakGXCgqv9CD2fKeX.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Sun, 29 Jun 2025 09:40:00 +0000</pubDate> <category><![CDATA[Retirement Planning]]></category> <category><![CDATA[Wealth Creation]]></category> <category><![CDATA[Retirement]]></category> <category><![CDATA[Investing]]></category> <category><![CDATA[Wealth Management]]></category> <author><![CDATA[ EBeach@exit59advisory.com (Evan T. Beach, CFP®, AWMA®) ]]></author> <dc:creator><![CDATA[ Evan T. Beach, CFP®, AWMA® ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/pRuMqDakGXCgqv9CD2fKeX.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[An older woman looks thoughtful as she looks into the distance.]]></media:text> <media:title type="plain"><![CDATA[An older woman looks thoughtful as she looks into the distance.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/pRuMqDakGXCgqv9CD2fKeX-1200-80.jpg" /> </item> <item> <title><![CDATA[ Are You Owed Money Thanks to the SSFA? You Might Need to Do Something to Get It ]]></title> <dc:content><![CDATA[ <p>Imagine you’re a public school teacher or police officer in, say, California.</p><p>You’ve reached retirement age, but because of the way your pension was structured, you don’t qualify for <a data-analytics-id="inline-link" href="https://www.kiplinger.com/when-to-apply-for-social-security">Social Security benefits</a>, or at best, you’re receiving a much-reduced amount.</p><p>Now there’s good news: You might be able to receive Social Security after all, or see an increase in your monthly benefit.</p><p>This scenario is the case for more than 3 million Americans who have received, or are expected to receive, a retroactive payment this year for Social Security benefits they missed in 2024, as well as a bump in their monthly benefit.</p><p>Are you one of them?</p><p><em>The Kiplinger Building Wealth program handpicks financial advisers and business owners from around the world to share retirement, estate planning and tax strategies to preserve and grow your wealth. These experts, who never pay for inclusion on the site, include professional wealth managers, fiduciary financial planners, CPAs and lawyers. Most of them have certifications including CFP®, ChFC®, IAR, AIF®, CDFA® and more, and their stellar records can be checked through the </em><a data-analytics-id="inline-link" href="https://adviserinfo.sec.gov/" target="_blank"><em>SEC</em></a><em> or </em><a data-analytics-id="inline-link" href="https://brokercheck.finra.org/" target="_blank"><em>FINRA</em></a><em>.</em></p><p>You could be if you fall into one of the employment categories affected by the<a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security-fairness-act-financial-planning-issues-to-revisit"> Social Security Fairness Act (SSFA)</a>, which President Joe Biden signed into law on January 5.</p><h2 id="what-has-changed-2">What has changed?</h2><p>The act ended two provisions known as the <a data-analytics-id="inline-link" href="https://www.ssa.gov/benefits/retirement/social-security-fairness-act.html" target="_blank">Windfall Elimination Provision (WEP)</a> and the <a data-analytics-id="inline-link" href="https://www.ssa.gov/pubs/EN-05-10007.pdf" target="_blank">Government Pension Offset (GPO)</a>. These provisions reduced or eliminated Social Security benefits for some public employees in certain circumstances.</p><p>This included teachers, firefighters and police officers in some states; federal employees covered by the <a data-analytics-id="inline-link" href="https://www.opm.gov/retirement-center/csrs-information/" target="_blank">Civil Service Retirement System</a>; and people whose work had been covered by a foreign social security system.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><p>These are people who didn’t pay into the Social Security system because they were covered by a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retiring-with-a-pension-what-to-know">pension</a> for government employees.</p><p>However, at some point in their lives, they held jobs in which they did pay the Social Security tax, but the WEP kept them from collecting their full Social Security benefits in retirement.</p><p>The GPO also prevented them from claiming <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/601358/qualifying-for-social-security-spousal-and-survivor-benefits">spousal or survivor Social Security benefits</a>.</p><p>With the new law, these employees will see a bump in their <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/what-is-the-average-social-security-check-by-age">monthly Social Security benefits</a> or be able to claim benefits for the first time.</p><p>Some are also owed retroactive payments from 2024 and might receive a lump-sum payment for that.</p><p>The jump in the monthly benefit can be hefty. The <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/retirement/t051-c000-s001-a-public-pension-and-full-social-security-benefits.html#:~:text=The%20CBO%20estimates%20that%20eliminating,for%20the%20390%2C000%20surviving%20spouses." target="_blank">Congressional Budget Office estimated</a> that eliminating the GPO would increase monthly benefits by an average of $700 for 380,000 spouses and $1,190 for 390,000 surviving spouses.</p><p>Eliminating the WEP would increase monthly benefits by an average of $360 for 2.1 million Social Security beneficiaries.</p><p>The amount of monthly benefits could vary greatly, depending on factors such as the type of Social Security benefit received and the amount of pension income.</p><h2 id="what-you-can-do-7">What you can do</h2><p>In some cases, the adjustment will happen automatically, but no one with money coming to them should leave things to chance.</p><p>Here are a few things you should do:</p><p><strong>Update your information.</strong> Whenever you move or change banks, it’s easy to forget who needs your new information. The SSA suggests that you check and/or update the mailing address and direct-deposit account that the government has for you in its records to ensure that you receive your payments in a timely manner.</p><p><strong>Be patient.</strong> With more than 3 million people involved, this won’t be an overnight fix for everyone. The SSA says that it was able to expedite payments by automating the process.</p><p>However, complex cases will take longer, requiring additional time to manually update records and pay both retroactive and new benefit amounts.</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Building Wealth</strong></em></a><em><strong>, our free, twice-weekly newsletter.</strong></em></p><p><strong>Check your benefits.</strong> Create an online account with the SSA to track what you’re owed and take action if there are any mistakes, you have questions or you need clarification about the information you seek. You can <a data-analytics-id="inline-link" href="https://www.ssa.gov/myaccount/" target="_blank">create an account on the Social Security Administration (SSA) website</a>.</p><p><strong>Be proactive.</strong> Take matters into your own hands. For example, consider filing for spousal benefits if that applies to you. You can <a data-analytics-id="inline-link" href="https://www.ssa.gov/apply" target="_blank">apply on the SSA site</a>.</p><p><strong>Share this information. </strong>If you know others who might be affected by the SSFA, share this information with them so they can act and benefit, as well.</p><p>This situation is especially important to me because a large number of my clients fall into the employment categories covered by these changes. I receive questions almost daily about the changes and how they impact my clients and their individual situations.</p><p>Get in touch with someone who can help you understand what the SSFA means for you.</p><p>Make sure you don’t leave money on the table. It’s about maximizing your retirement benefits, not minimizing them.</p><p><em>Ronnie Blair contributed to this article. </em></p><p><em>The appearances in Kiplinger were obtained through a PR program. The columnist received assistance from a public relations firm in preparing this piece for submission to Kiplinger.com. Kiplinger was not compensated in any way.</em></p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/article/retirement/t051-c000-s001-a-public-pension-and-full-social-security-benefits.html">You Can Now Collect a Public Pension and Full Social Security Benefits</a></li><li><a href="https://www.kiplinger.com/retirement/social-security/social-security-fairness-act-checklist">Social Security Fairness Act Payments Checklist: Nine Things to Know</a></li><li><a href="https://www.kiplinger.com/retirement/social-security-fairness-act-financial-planning-issues-to-revisit">Social Security Fairness Act: Five Financial Planning Issues to Revisit</a></li><li><a href="https://www.kiplinger.com/taxes/social-security-fairness-act-tax-implications">The Social Security Fairness Act and Your Taxes: Are You Prepared?</a></li><li><a href="https://www.kiplinger.com/retirement/social-security-missteps-too-many-women-make">Social Security Warning: Five Missteps Too Many Women Make</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content> <link>https://www.kiplinger.com/retirement/social-security/ssfa-are-you-owed-money-you-might-need-to-do-something-to-get-it</link> <description> <![CDATA[ The Social Security Fairness Act removed restrictions on benefits for people with government pensions. If you're one of them, don't leave money on the table. Here's how you can be proactive in claiming what you're due. ]]> </description> <guid isPermaLink="false">yP7K6eXCaxnfKoCWjD2sA</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/Q64Uijn3j2HzVSYyYQhxVM.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Sun, 29 Jun 2025 09:35:00 +0000</pubDate> <category><![CDATA[Social Security]]></category> <category><![CDATA[Wealth Creation]]></category> <category><![CDATA[Retirement]]></category> <category><![CDATA[Investing]]></category> <category><![CDATA[Wealth Management]]></category> <dc:creator><![CDATA[ Daniela Dubach ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/Q64Uijn3j2HzVSYyYQhxVM.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[A man holds out his hand as if expecting someone to put something in it.]]></media:text> <media:title type="plain"><![CDATA[A man holds out his hand as if expecting someone to put something in it.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/Q64Uijn3j2HzVSYyYQhxVM-1200-80.jpg" /> </item> <item> <title><![CDATA[ From Wills to Wishes: An Expert Guide to Your Estate Planning Playbook ]]></title> <dc:content><![CDATA[ <p><em>Editor’s Note: This is part one of a four-part series about how to create and use your own Estate Planning Playbook. Part one introduces the concept, and subsequent articles will cover leaving personal instructions, planning for overlooked details and putting your plan into action.</em></p><p>Most people believe that once they’ve set up a will or living trust, their estate plan is complete. But here’s the truth: Legal documents alone don’t tell the full story.</p><p>They don’t explain where your assets are held, how to access them or even what accounts exist. And they certainly don’t help your loved ones navigate the emotional and logistical challenges that come after a loss.</p><p>That’s where a comprehensive Estate Planning Playbook comes in. Think of it as the road map your family will need when the time comes to settle your affairs — saving them from confusion, costly mistakes and unnecessary stress.</p><p>This article kicks off a four-part series exploring how to create and use an Estate Planning Playbook to strengthen your <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/estate-plan-basic-components">estate plan</a> and ease the burden on your loved ones.</p><p><em>The Kiplinger Building Wealth program handpicks financial advisers and business owners from around the world to share retirement, estate planning and tax strategies to preserve and grow your wealth. These experts, who never pay for inclusion on the site, include professional wealth managers, fiduciary financial planners, CPAs and lawyers. Most of them have certifications including CFP®, ChFC®, IAR, AIF®, CDFA® and more, and their stellar records can be checked through the </em><a data-analytics-id="inline-link" href="https://adviserinfo.sec.gov/" target="_blank"><em>SEC</em></a><em> or </em><a data-analytics-id="inline-link" href="https://brokercheck.finra.org/" target="_blank"><em>FINRA</em></a><em>.</em></p><p>In this first installment, we’ll introduce the concept of the playbook and how it fills critical gaps left by traditional estate documents. In the coming articles, we’ll explore:</p><ul><li>How to leave clear personal instructions with a “Family Love Letter”</li><li>How to plan for often-overlooked details like family heirlooms, pet care and household bills</li><li>And finally, how to put your playbook into action as a tool for preserving both your wealth and your family legacy</li></ul><p>Let’s start by understanding why an Estate Planning Playbook is the missing piece in so many estate plans — and how it can help ensure your final wishes are carried out smoothly and confidently.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><h2 id="what-a-playbook-covers-that-your-trust-doesn-t-2">What a playbook covers that your trust doesn't</h2><p>Your <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/revocable-living-trusts-the-good-bad-and-ugly">living trust</a> is a vital tool — it helps <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/to-avoid-probate-use-trusts-for-estate-planning">avoid probate</a>, outlines how and when your assets are distributed and can include important directives like <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/estate-planning/power-of-attorney">powers of attorney</a> and health care instructions. But here’s what it doesn’t do:</p><ul><li>Tell your family where your accounts are held or how much they’re worth</li><li>Outline your current beneficiary designations</li><li>Capture important non-financial details, like who should handle <a href="https://www.kiplinger.com/retirement/digital-estate-planning-guide-for-digital-assets">digital accounts</a> and memberships</li></ul><p>A playbook fills these gaps by organizing the practical information your loved ones will need to settle your affairs efficiently:</p><ul><li>Account details and passwords</li><li>Copies of investment and insurance statements</li><li>Contact information for key advisers and financial institutions</li></ul><p>We’ll explore how to document more personal wishes — like memorial arrangements and decisions about family keepsakes — in the next installment of this series.</p><h2 id="avoiding-common-estate-pitfalls-2">Avoiding common estate pitfalls</h2><p>One of the most common misconceptions in estate planning is assuming that all your assets will flow through your trust. In reality, many accounts — such as retirement plans (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/retirement/t001-c000-s003-what-is-a-401-k-retirement-savings-plan.html">401(k)s</a>, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/roth-or-traditional-how-to-choose-a-retirement-tax-strategy">IRAs</a>), <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/annuities-what-they-are-and-how-they-work">annuities</a> and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/life-insurance/10-things-you-should-know-about-life-insurance">life insurance policies</a> — transfer directly to the beneficiaries you’ve named, bypassing your trust entirely.</p><p>That’s why it’s essential to regularly review and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/designating-beneficiaries-in-estate-planning">update those beneficiary designations</a> and to name contingent beneficiaries in case your primary choice is no longer living.</p><p>It’s also important to understand how financial institutions handle inherited accounts. Some distribute assets <em>per stirpes</em>, ensuring that a deceased beneficiary’s share passes to their children, while others use a <em>per capita</em> approach, dividing the inheritance equally among surviving heirs.</p><p>These technicalities can have significant consequences for how your wealth is passed down.</p><p>Including these details in your playbook provides clarity for your loved ones and helps ensure your intentions are carried out smoothly. It also makes it easier for them to navigate complex account rules and avoid costly missteps during an already difficult time.</p><h2 id="why-this-matters-a-personal-story-2">Why this matters: A personal story</h2><p>When my mother passed away in 2002, my sister and I found ourselves in a heated argument — right there at the mortuary — over the smallest details: what flowers to choose, what music to play, even how to word the headstone.</p><p>In the midst of our grief, we were forced to make decisions we hadn’t prepared for, and it added unnecessary tension to an already difficult time.</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Building Wealth</strong></em></a><em><strong>, our free, twice-weekly newsletter.</strong></em></p><p>Looking back, I realize how much easier those moments could have been if we had known my mother’s specific wishes.</p><p>That’s exactly the kind of situation a well-organized playbook can help prevent. By outlining practical details and preparing your loved ones ahead of time, you relieve them from having to make emotional decisions under pressure.</p><h2 id="looking-ahead-turning-plans-into-peace-of-mind-2">Looking ahead: Turning plans into peace of mind</h2><p>Estate planning isn’t a one-and-done task. It’s an ongoing process that should evolve as your life changes.</p><p>A well-crafted playbook ensures that when the time comes, your family will have more clarity, less stress and the confidence to carry out <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/estate-planning-mistakes-can-thwart-your-wishes">your wishes</a> exactly as you intended.</p><p>In the next installment of this series, we’ll explore how to take that support even further with a “Family Love Letter” — a heartfelt document that goes beyond finances to provide personal guidance, express final wishes and help reduce conflict when your family needs comfort the most.</p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/estate-planning/summer-is-a-good-time-for-estate-planning-conversations">Summer Is Made for Sun, Fun … and Estate Planning Conversations</a></li><li><a href="https://www.kiplinger.com/retirement/estate-plan-i-did-not-think-i-needed-one-until-this-happened">I Didn’t Think I Needed an Estate Plan Until This Happened</a></li><li><a href="https://www.kiplinger.com/retirement/inheritance/603880/6-of-the-best-assets-to-inherit">What Is a Good Inheritance? Six Great Assets to Inherit</a></li><li><a href="https://www.kiplinger.com/retirement/give-now-or-leave-an-inheritance-balance-the-options">Give Now or Leave an Inheritance? How to Balance the Options</a></li><li><a href="https://www.kiplinger.com/retirement/estate-planning/common-estate-planning-mistakes">Ten Common Estate Planning Mistakes</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content> <link>https://www.kiplinger.com/retirement/estate-planning/guide-to-creating-your-estate-planning-playbook</link> <description> <![CDATA[ Consider supplementing your traditional legal documents with this essential road map to guide your loved ones through the emotional and logistical details that will follow your loss. ]]> </description> <guid isPermaLink="false">7AezwEU4wkuP3vY2gdLPoZ</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/PLZEy5ZYSDa6xJcpioU8dX.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Sun, 29 Jun 2025 09:30:00 +0000</pubDate> <category><![CDATA[Estate Planning]]></category> <category><![CDATA[Wealth Creation]]></category> <category><![CDATA[Retirement Planning]]></category> <category><![CDATA[Inheritance]]></category> <category><![CDATA[Retirement]]></category> <category><![CDATA[Investing]]></category> <category><![CDATA[Wealth Management]]></category> <author><![CDATA[ notes@octavewm.com (Eric W. Bond) ]]></author> <dc:creator><![CDATA[ Eric W. Bond ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/PLZEy5ZYSDa6xJcpioU8dX.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[An older man with a pen in his hand works on paperwork at a table with a laptop.]]></media:text> <media:title type="plain"><![CDATA[An older man with a pen in his hand works on paperwork at a table with a laptop.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/PLZEy5ZYSDa6xJcpioU8dX-1200-80.jpg" /> </item> <item> <title><![CDATA[ Why Investing Abroad Could Pay Off ]]></title> <dc:content><![CDATA[ <p>Each day, hundreds of millions of market participants around the world follow the news and events and modify their investment portfolios accordingly.</p><p>At some point during the past year, investors began to question the assumption of so-called American exceptionalism and the priced-to-perfection valuations of U.S. stocks, particularly when compared with much cheaper stock market valuations abroad.</p><p><a data-analytics-id="inline-link" href="https://pelosky.com/" target="_blank">Jay Pelosky</a>, founder of <a data-analytics-id="inline-link" href="https://pelosky.com/advisory" target="_blank">TPW Advisory</a> and a veteran market strategist, thinks the first crack formed last year when the unveiling of China’s low-cost artificial intelligence tool <a data-analytics-id="inline-link" href=" https://www.kiplinger.com/business/biggest-ai-companies-to-know#4-deepseek-3">DeepSeek AI</a> called into question the sky-high valuations of U.S. mega-capitalization tech stocks.</p><p>Then came the “rollout of <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/whats-happening-with-trump-tariffs">tariffs</a> by the Trump administration — chaotic, at best — which unnerved investors who had looked at the U.S. as a safe haven,” Pelosky says.</p><p>The sequence of events triggered an outflow from the dollar (off 10% from its January high, as measured by DXY, the U.S. dollar index), Treasuries and U.S. stocks.</p><p>“All of a sudden, you no longer had to be in U.S. tech or, arguably, in the U.S. at all,” says Pelosky. “I believe that we’re in the beginning of a secular leadership change from the U.S. equity market to the rest of the world.”</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_TZ5u6hI1_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="TZ5u6hI1"> <div id="botr_TZ5u6hI1_a7GJFMMh_div"></div> </div> </div></div><p>If so, we’re in the early stages of shifting tectonic plates. From 2010 through 2024, the performance of U.S. stocks crushed that of foreign markets, following a nine-year period (2001–09) when international stocks led.</p><p>At the end of the recent 15-year cycle, “expectations were too high in the U.S. and too low in the rest of the world,” says <a data-analytics-id="inline-link" href="https://www.firsteagle.com/our-people/christian-heck" target="_blank">Christian Heck</a>, an international stock fund manager at <a data-analytics-id="inline-link" href="https://www.firsteagle.com/" target="_blank">First Eagle Investments</a>. “The U.S. doesn’t have a monopoly on great businesses.”</p><p>So far this year, U.S. and foreign markets have traded places. During the first four months of 2025, foreign stocks, as measured by the <a data-analytics-id="inline-link" href="https://www.msci.com/indexes/index/899901" target="_blank">MSCI ACWI ex-USA index,</a> gained 9% while the <a data-analytics-id="inline-link" href="https://www.spglobal.com/spdji/en/indices/equity/sp-500/#overview" target="_blank">S&P 500 index</a> lost 5%.</p><p>But foreign stocks are still more attractively priced than U.S. shares. They trade about one-third cheaper on a price-earnings basis than American stocks and offer a dividend yield that’s more than double the S&P 500’s parsimonious 1.4%.</p><p>“Markets with low valuations are generally better fishing grounds, since your rate of return is a function of the cash that businesses produce and the price you pay,” says <a data-analytics-id="inline-link" href="https://www.cookandbynum.com/our-team/" target="_blank">Richard Cook</a>, manager of the <a data-analytics-id="inline-link" href="https://www.cookandbynum.com/" target="_blank">Cook & Bynum</a> fund.</p><p>In fact, many investment observers see a contrast between the post-COVID macroeconomic setup in the U.S. and the economic environment in Europe and China today.</p><p>The U.S. tapped enormous fiscal and monetary largesse to stimulate the economy during the pandemic, which pumped up economic growth, corporate earnings, and asset prices. But now, saddled with a massive budget deficit and federal debt load, the U.S. has used up its fiscal latitude.</p><p>Meanwhile, other parts of the world still have leeway. Largely as a response to tariff and military security threats from the U.S., Germany is breaking with a decades-long policy of fiscal austerity and earmarking trillions of dollars of spending over the next decade on defense, infrastructure and energy, notes <a data-analytics-id="inline-link" href="https://www.linkedin.com/in/arne-noack-11946227/" target="_blank">Arne Noack</a>, of Deutsche Bank’s <a data-analytics-id="inline-link" href="https://www.dws.com/en-us/" target="_blank">DWS Group</a>.</p><p>Noack adds that China — which, like Germany, has only a modest central government debt level — also plans to engage in fiscal and monetary stimulus. Thus, while the U.S. grapples with a grim budget picture, fiscal stimulus will be an economic and stock tailwind in other parts of the world.</p><p>The case for investing more of your assets in foreign stocks seems solid, but just how much of your stock portfolio should you allocate abroad? No single answer works for everyone, but most Americans probably have too little. Often, that’s because they suffer from “home bias” and have perhaps failed to re-balance portfolios after a long period of U.S. outperformance.</p><p>First Eagle’s Heck suggests that a stock portfolio have an international allocation of at least 20% to 30%. Other pros say a useful yardstick could be the portion of foreign stocks in the MSCI ACWI benchmark, which is over 30% these days, though some advise going even higher because the U.S. weighting in that global benchmark is close to a record high.</p><p>To help you navigate investing abroad, we’ve identified a number of opportunities in different investment vehicles, including exchange-traded funds, mutual funds and individual foreign stocks.</p><p>Several of the diversified foreign funds include shares in emerging markets, and each of the stock picks is an emerging-markets play. Returns and data are as of April 30.</p><h2 id="start-with-etfs-2">Start with ETFs</h2><p>One less-noted aspect of the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/etfs">exchange-traded-fund</a> revolution is that it is giving individual investors access to institutional-caliber portfolio strategies. Investment managers that have historically catered to clients such as endowments, high-net-worth families and intermediaries like financial advisers are issuing identical or similar strategies in ETF wrappers.</p><p>Boston investment firm <a data-analytics-id="inline-link" href="https://www.gmo.com/americas/" target="_blank">GMO</a>, for instance, has run a highly successful global equity strategy for deep-pocketed clients for more than 20 years. But lately, the research-oriented firm has launched ETFs that are available to all investors.</p><p>Two such funds are GMO International Quality (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=QLTI" target="_blank">QLTI</a>, $25, expense ratio 0.60%) and GMO International Value (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=GMOI" target="_blank">GMOI</a>, $27, 0.60%). Both funds launched in late 2024, so they have short track records, but the strategies and managers behind them have long, remarkable results.</p><p>GMO International Quality tackles “quality” in its own way. Fund comanager <a data-analytics-id="inline-link" href="https://www.gmo.com/americas/people/board-of-directors/" target="_blank">Anthony Hene</a> says GMO looks for businesses with sustainable competitive advantages that can continue to generate superior returns on capital. Because those stocks tend to be less volatile and hold up relatively well in <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/how-to-survive-market-mayhem">turbulent markets,</a> Hene says he considers the GMO International Quality ETF “a nice, conservative way to gain exposure to international equity markets. Quality is a way of controlling important risks without limiting long-term returns.”</p><p>The fund’s top holdings include LVMH Moët Hennessy Louis Vuitton and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/taiwan-semiconductor-tsm-earnings-chip-stocks">Taiwan Semiconductor Manufacturing</a>.</p><p>At GMO International Value, fund comanager <a data-analytics-id="inline-link" href="https://www.linkedin.com/in/warren-chiang-cfa-91b01b4/" target="_blank">Warren Chiang</a> says his team identifies bargain-priced, high-quality stocks by looking for businesses “with a strong moat around them” that have low debt levels and high, consistent profitability. This helps to “get rid of junk” and weed out value traps (beaten-down stocks in troubled companies that continue to fall in price).</p><p>Holdings in the fund have an average price-earnings ratio of just 10, and the fund yields 4.7%. Its largest country exposure is Japan; Nippon Telegraph & Telephone and Honda Motor are its top Japanese positions. And the fund has big tilts toward industrial and health care stocks, including Novartis and Roche.</p><p>“Swiss pharma stocks are incredibly cheap versus their cash flows and earnings,” Chiang says.</p><p>The quantitative, scientific investment strategies of <a data-analytics-id="inline-link" href="https://www.dimensional.com/" target="_blank">Dimensional Fund Advisors</a> were once available only to professional clients such as registered investment advisers. That changed in 2021, when DFA began converting some of its existing mutual funds into ETFs.</p><p>One of these is Dimensional International Value (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=DFIV" target="_blank">DFIV</a>, $40, 0.27%). The ETF has outperformed its benchmark, the MSCI World ex USA Value index, by an average of 1.2 percentage points per year since the fund’s inception more than 25 years ago — a remarkable achievement.</p><p>Senior portfolio manager <a data-analytics-id="inline-link" href="https://www.linkedin.com/in/joelpatrickschneider/" target="_blank">Joel Schneider</a> says the fund’s rules- and data-driven process starts with the cheapest one-third of stocks in 22 developed countries. Next, the fund screens for attributes such as valuation, profitability and size. When implementing buy and sell decisions, the fund applies additional considerations such as price momentum. The result is a portfolio that holds nearly 500 stocks. Over the past five years, International Value has returned 16.9% annualized, which places it in the top 7% of foreign large value funds.</p><p>Back in the day, investors who wanted into <a data-analytics-id="inline-link" href="https://www.capitalgroup.com/us/en/" target="_blank">Capital Group’s American Funds</a> had to buy them through an adviser. Those rules have been relaxed somewhat; the F1 share class is available to individual investors for no load at some brokerage firms. And in 2022, Capital Group began launching actively managed ETFs that are open to individual investors.</p><p>The 25 ETFs it now offers aren’t clones of existing American funds, but <a data-analytics-id="inline-link" href="https://www.capitalgroup.com/institutional/about-us/our-people/investment-professionals/andrew-b-suzman.html" target="_blank">Andrew Suzman</a>, principal investment officer of Capital Group International Core Equity (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=CGIC" target="_blank">CGIC</a>, $27, 0.54%), says that “many share similar DNA with some of our well-known mutual funds.”</p><p>With eight comanagers and a focus on long-term growth of capital, International Core Equity is run in Capital Group’s multi-manager style.</p><p>“We believe in time in — not timing — the market,” Suzman says. “Staying invested and taking a long-term view during volatility is what matters.”</p><p>International Core Equity, which seeks dividend payers and yields 3.2%, is a solid choice as a core foreign fund. Emerging-markets stocks make up 19% of the fund’s assets. Top holdings include Taiwan Semiconductor, French energy giant TotalEnergies, and BAE Systems, a British aerospace and defense contractor.</p><h2 id="mutual-funds-2">Mutual funds</h2><p>Rajiv Jain founded investment management firm <a data-analytics-id="inline-link" href="https://gqg.com/about/" target="_blank">GQG Partners</a> in 2016 and now manages several mutual funds that are known for their solid returns and strong downside-risk management.</p><p>Two worth considering are GQG Partners International Quality Value (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=GQJPX" target="_blank">GQJPX</a>, 0.71%) and Goldman Sachs GQG Partners International Opportunities (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=GSIHX" target="_blank">GSIHX</a>, 1.13%), for which GQG serves as subadviser. Both funds trade for no fee at <a data-analytics-id="inline-link" href="https://www.schwab.com/client-home" target="_blank">Schwab</a> and <a data-analytics-id="inline-link" href="https://www.fidelity.com/" target="_blank">Fidelity</a>; the Goldman Sachs fund is also available for no fee at <a data-analytics-id="inline-link" href="https://us.etrade.com/home" target="_blank">E*Trade</a>.</p><p><a data-analytics-id="inline-link" href="https://www.linkedin.com/in/brian-kersmanc-6b577a4/" target="_blank">Brian Kersmanc</a> comanages both funds, but the two are distinctly different. Kersmanc describes Quality Value as exchanging a bit of growth for more mature, steady businesses with strong cash flows and more return from dividends (the fund’s current yield is 4.6%). Over the past three years, Quality Value has delivered above-average returns with below-average volatility.</p><p>International Opportunities is more growth-oriented. Over the past five years, it has returned 11.5% annualized, beating its foreign large-cap growth fund counterparts while having 24% lower portfolio volatility.</p><p>“We exercise downside volatility control through investing in higher-quality businesses,” Kersmanc says.</p><p>Both funds tend to look nothing like their benchmarks by geography or sector. They maintain relatively high allocations to emerging markets, for instance — especially in Jain’s birthplace, India, which has a double-digit weighting in both funds.</p><p>Kersmanc says GQG is attracted by India’s massive domestic market (its population is 1.4 billion), internally driven economy and rapidly growing construction of airports, toll roads and a 5G telecom network. “Indian infrastructure isn’t subject to tariffs in the U.S.,” he says.</p><p>If you seek dividend income, consider Janus Henderson Global Equity Income (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=HFQTX" target="_blank">HFQTX</a>, 0.95%<em>)</em>, a member of the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/mutual-funds/the-kiplinger-25">Kiplinger 25</a>, the list of our favorite no-load funds. The fund is engineered to earn a high yield.</p><p>Comanager <a data-analytics-id="inline-link" href="" target="_blank">Ben Lofthouse</a> says the fund seeks quality stocks with high profitability and abundant free cash flow (money left over after expenses to operate and invest in the business) to more than cover dividend distributions.</p><p>To optimize yield, the managers may purchase a stock before it pays a dividend and then sell it after it meets the minimum 60-day holding period for qualifying income under the U.S. tax code.</p><p>Lofthouse says Global Equity Income strives to distribute a dividend of 49 cents to 50 cents per share annually, which equates to a hefty yield of 7.7%.</p><h2 id="stocks-to-own-2">Stocks to own</h2><p>Many foreign companies trade as American depositary receipts on U.S. exchanges. ADRs are priced in dollars, and dividends are paid in dollars after conversion from their home currencies.</p><p>China is the world’s second-largest economy, but for a multitude of reasons — including government intervention and geopolitics — making money in the country’s stock market has been a challenge.</p><p>Christian Heck, comanager of First Eagle Overseas Equity, thinks Amsterdam-based internet company Prosus NV (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=PROSY" target="_blank">PROSY</a>, $9)<em> </em>is a clever backdoor way to invest in China due to its 24% stake in <a data-analytics-id="inline-link" href="https://www.tencent.com/en-us/" target="_blank">Tencent Holdings</a>, the largest Chinese company by market value and the biggest video-gaming company in the world. It has 1.4 billion active users for its WeChat app.</p><p>Meanwhile, Prosus shares trade at just 13 times expected earnings for the fiscal year ending in March 2026. Heck calculates that by investing in Prosus, you’re effectively accessing Tencent shares at a 30% to 35% discount.</p><p><a data-analytics-id="inline-link" href="https://www.prudentialplc.com/en" target="_blank">Prudential plc</a> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=PUK" target="_blank">PUK</a>, $21), headquartered in Hong Kong and listed in London and Hong Kong, is another way to tap into China. After exiting the European and U.S. markets in recent years, the insurance and asset manager is focused on China, Hong Kong and Southeast Asia, with a growing presence in Africa. <a data-analytics-id="inline-link" href="https://www.tweedymanaged.com/our-team/#thomas-h-shrager" target="_blank">T</a></p><p><a data-analytics-id="inline-link" href="https://www.tweedymanaged.com/our-team/#thomas-h-shrager" target="_blank">om Shrager</a>, comanager of <a data-analytics-id="inline-link" href="https://www.tweedyfunds.com/mutual-funds/international-value-fund-overview/" target="_blank">Tweedy, Browne International Value</a>, notes that much of Prudential’s business in Hong Kong, its largest market, comes from mainland China. The ADRs trade at just 11 times analysts’ projected earnings for 2025.</p><p>Richard Cook’s favorite holding period is forever. His fund, which has a microscopic portfolio turnover, is particularly drawn to Latin American consumer stocks with unassailable market positions.</p><p>One such company, a long-term Cook & Bynum fund holding, is Mexico’s Fomento Economico Mexicano SAB de CV (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=FMX" target="_blank">FMX</a>, $105). FEMSA, as it’s also known, owns <a data-analytics-id="inline-link" href="https://www.oxxo.com/" target="_blank">Oxxo</a>, one of the best convenience-store operators in the world, Cook says.</p><p>Its main competition in Mexico and elsewhere in Latin America is from millions of mom-and-pop stores. With a store count of 25,000 that expands by 1,000 per year, Oxxo serves 12 million customers daily.</p><p><em>Note: This item first appeared in Kiplinger Personal Finance Magazine, a monthly, trustworthy source of advice and guidance. Subscribe to help you make more money and keep more of the money you make </em><a data-analytics-id="inline-link" href="https://subscribe.kiplinger.com/pubs/KE/KPP/KPP_2995v4995.jsp?cds_page_id=268237&cds_mag_code=KPP&id=1713297678770&lsid=41071501187034946&vid=1&cds_response_key=I3ZPZ00Z"><u><em>here</em></u></a><em>.</em></p><h3 class="article-body__section" id="section-related"><span>Related </span></h3><ul><li><a href="https://www.kiplinger.com/investing/stocks/stocks-to-buy/604745/chinese-stocks-to-buy">5 Best Chinese Stocks to Buy</a></li><li><a href="https://www.kiplinger.com/investing/stocks/how-to-find-the-best-japanese-stocks">How to Find the Best Japanese Stocks</a></li><li><a href="https://www.kiplinger.com/investing/stocks/best-european-stocks-to-buy">How to Find the Best European Stocks to Buy</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/investing/why-investing-abroad-could-pay-off</link> <description> <![CDATA[ Countries overseas are stimulating their economies, and their stocks are compelling bargains. ]]> </description> <guid isPermaLink="false">vYZ4KuqLUDbZHwC4JDtJjH</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/m3B5g2ysMHJb9EpnWDPiic.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Sat, 28 Jun 2025 13:45:00 +0000</pubDate> <category><![CDATA[Investing]]></category> <category><![CDATA[Stocks]]></category> <author><![CDATA[ kiplinger@futurenet.com (Andrew Tanzer) ]]></author> <dc:creator><![CDATA[ Andrew Tanzer ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/m3B5g2ysMHJb9EpnWDPiic.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[high quality international stocks]]></media:text> <media:title type="plain"><![CDATA[high quality international stocks]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/m3B5g2ysMHJb9EpnWDPiic-1200-80.jpg" /> </item> <item> <title><![CDATA[ Retire in Belize for Stunning Natural Beauty and Culture ]]></title> <dc:content><![CDATA[ <p><em>Editor’s note: "Retire in Belize" is part of an ongoing series on </em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/how-to-manage-retirement-savings-when-living-abroad"><u><em>retiring abroad</em></u></a><em>. To see all the articles in the series, </em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/where-to-retire-belize#section-more-on-where-to-retire-abroad"><u><em>jump</em></u></a><em> to the end.</em></p><p>In the hilarious and harrowing 2013 film <em>August: Osage County</em>, Juliette Lewis, who plays Meryl Streep’s dreamy youngest daughter, is willing to overlook her fiancé’s considerable transgressions as long as he fulfills his promise to take her to … Belize. There’s little to suggest that she knows much about the sliver of this Central American country. Still, her stated ambition elicits knowing laughter, because for many, Belize represents nirvana — the ultimate place to escape the rat race and enjoy a barefoot, beautiful life.</p><p>Belize lies enviably on the Caribbean coast, just south of <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/happy-retirement/retire-in-mexico-get-a-lower-cost-of-living-near-the-u-s">Mexico</a>, an advantageous neighbor (more on that later), and to the east of Guatemala, which has its own convenient charms. Belize enjoys a subtropical climate, with the dry season from November to April. With around 400,000 people tucked into fewer than 9,000 square miles, the country punches above its weight for both travelers and those from the U.S. considering retirement abroad.</p><p>Chalk that up to its white-sand beaches, a scattering of islands (called cayes), rustic-luxurious spas nestled in the forest, and cinematic <a data-analytics-id="inline-link" href="https://thefamilycoppolahideaways.com/" target="_blank"><u>hotels</u></a> developed and owned by legendary filmmaker Francis Ford Coppola. “You have a great mix of inland experiences and island lifestyles,” says Minister of Tourism and Diaspora Relations <a data-analytics-id="inline-link" href="https://www.belizetourismboard.org/about-btb/minister-of-tourism/" target="_blank">Anthony Mahler</a>. “Belize is small, yet big enough that you don’t get claustrophobic.” In addition, there’s the ease of travel. You can fly to Belize City from Atlanta in a little more than three hours, and the flight from Miami is just a tad more than two. The drive to increasingly popular Tulum, Mexico, takes less than six hours.</p><p>Belize is a former British colony, and English is widely spoken. “Not only do we speak English, but our laws are based on English common law, so it’s easier to cut through the red tape, compared to our neighbors in the region,” says <a data-analytics-id="inline-link" href="https://lawbelize.bz/the-team/" target="_blank">Ryan Wrobel</a>, principal of <a data-analytics-id="inline-link" href="https://lawbelize.bz/" target="_blank"><u>Wrobel & Co.</u></a> in Belize City. Wrobel, a New York transplant and dual citizen of the U.S. and Belize, has practiced law in Belize for 16 years. He handles various practice areas in addition to immigration, and he says that the range comes in handy when expats need assistance in settling down in Belize, from real estate transactions to importing goods (which is tax-free during the first year of residency).</p><h2 id="where-to-land-where-to-retire-in-belize-2">Where to land: where to retire in Belize</h2><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:2121px;"><p class="vanilla-image-block" style="padding-top:66.67%;"><img id="gsp2wmdF78ybUrE7PenwKN" name="Map of Belize-2208269895" alt="Vector Map of Belize with Major Cities and Neighboring Countrie." src="https://cdn.mos.cms.futurecdn.net/gsp2wmdF78ybUrE7PenwKN.jpg" mos="" align="middle" fullscreen="" width="2121" height="1414" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><p>Mahler says that <a data-analytics-id="inline-link" href="https://www.placencia.com/" target="_blank">Placencia</a>, the beachfront village at the tip of a peninsula in southern Belize, remains a draw for expats. Travelers who haven’t visited in years will be suitably impressed by how spiffed up it is. “There’s been an explosion of really high-value homes, more restaurants, and the road has been vastly improved,” Mahler says. “It’s well organized in terms of tourism and retirement infrastructure.” He says that a two-bedroom, two-bathroom house or condo would cost from $1,000 to $1,500 for a monthly rental. For purchase, “I saw one the other day for about $375,000, with a pool.”</p><p>Condo development in San Pedro, a town located on popular Ambergris Caye, also attracts expats. “It has nightclubs and restaurants, scuba diving and snorkeling, flyfishing and deep-sea fishing — everything you want in terms of sun and sand and sea,” Wrobel says. He also recommends the San Ignacio area for more of a jungle wildlife experience — toucans and jaguar spotting.</p><p>Corozal, located just nine miles from the Mexican border, also has its expat fans who flock to the <a data-analytics-id="inline-link" href="https://www.consejoshores.com/" target="_blank"><u>Consejo Shores</u></a> development, Mahler points out. Across the border you’ll find the hedonistic pleasures of Cancun, the archeological sites of Tulum, and advanced medical treatment. Wrobel says Belize provides good basic care — getting stitches, setting broken bones — but for specialized care and chronic conditions, crossing the border into Chetumal, Mexico, is the way to go.</p><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:2123px;"><p class="vanilla-image-block" style="padding-top:66.51%;"><img id="LRX7cj8TSCxkW4gpzq7gpS" name="Belize City-1187388880" alt="A woman tours through Belize City on the bow of a fishing boat." src="https://cdn.mos.cms.futurecdn.net/LRX7cj8TSCxkW4gpzq7gpS.jpg" mos="" align="middle" fullscreen="" width="2123" height="1412" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><h2 id="visa-and-money-matters-so-simple-2">Visa and money matters: so simple</h2><p>Wrobel notes that the <a data-analytics-id="inline-link" href="https://www.belizetourismboard.org/" target="_blank">Belize Tourism Board</a> governs the expat retirement program. Compared to just about any other country, expat retirement in Belize is simple and straightforward. There’s no golden-this or investment-that. There is only the Qualified Retirement Program (QRP). “I started this program 25 years ago,” Mahler says. “It was one of my babies.”</p><p><strong>QRP visa basics</strong></p><p>You must be 40 or older, and you can bring your spouse and children under 18 as dependents. In addition, you must pass a security clearance check carried out by the Ministry of National Security in Belize. The residency requirement is not particularly arduous: You must remain in Belize for a minimum of 30 consecutive days annually.</p><p><strong>QRP financial requirements</strong></p><p>You must show that you can support yourself, with a monthly passive or retirement income of $2,000 a month, or $24,000 a year. Those numbers can be met by a pension, annuity, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/601708/social-security-basics-12-things-you-must-know-about-claiming-and">Social Security</a>, investment income, IRA, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/mortgages/602488/reverse-mortgages-10-things-you-must-know">reverse mortgage</a>, inheritance, or personal savings, as long as the equivalent of the required funds is deposited into a financial institution in Belize. (For example, your <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/average-social-security-check-by-state-how-does-yours-compare">Social Security checks</a> need not be electronically or physically deposited into a Belizean bank; the $2,000 per month can be deposited from any source listed above, including a transfer from your U.S. bank account.)</p><p>“A QRP member is legally not required to surpass the $24,000 threshold [but] they are entitled to if they so choose,” says Romy Rancharan, a QRP specialist from the <a data-analytics-id="inline-link" href="https://www.travelbelize.org/retirement/" target="_blank">Belize Tourism Board</a>. “They are also not required to close their international bank accounts or transfer all their money and investments into a Belize Bank account. A QRP member can hold both international and domestic accounts. Additionally, the Belize Tourism Board does not monitor or regulate how the money deposited into a Belize Bank account is spent. It is the member’s money and is solely for their personal use.”</p><p>Moreover, according to Mahler, purchasing a home for at least $24,000 will also satisfy the financial requirement.</p><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:2117px;"><p class="vanilla-image-block" style="padding-top:66.89%;"><img id="HFeGY2eQXcjawAEEnpsUDo" name="Belize old man in window-317778-001" alt="An older Creole man leans out of a window, smiling, in Belize." src="https://cdn.mos.cms.futurecdn.net/HFeGY2eQXcjawAEEnpsUDo.jpg" mos="" align="middle" fullscreen="" width="2117" height="1416" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><h2 id="making-it-easy-2">Making it easy</h2><p>If you’re thinking that Belize is avidly seeking expats, you would be right. When Mahler saw <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/happy-retirement/retire-in-costa-rica-for-expat-heaven">Costa Rica</a> and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/happy-retirement/where-to-retire-living-in-panama-offers-stability-and-charm">Panama</a> becoming magnets for expats, he was inspired to do the same for Belize. A litany of retirees from around the world are offered the same deal as U.S. expats, so you might find yourself in a multicultural scene, mixing with people from the European Union, Asia-Pacific, and South America. The not-especially-rigorous qualifications are enumerated on the country’s <a data-analytics-id="inline-link" href="https://www.belizetourismboard.org/programs-events/retirement-program/" target="_blank"><u>tourism website</u></a>. The whole QRP process can take as little as two or three months.</p><p><strong>Currency: Belizean or U.S. dollars</strong></p><p>In terms of currency, the Belizean dollar is pegged to the U.S. greenback: one U.S. dollar equals two Belizean dollars. And U.S. dollars are widely accepted. In addition, Mahler says, “We also changed the legislation last year to allow retires to invest, but not work [in-country]. You can invest in a hotel, but you can’t work in the hotel. And you can volunteer.”</p><p><strong>Health insurance</strong></p><p>Wrobel says that local <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/insurance/health-insurance">health insurance</a> costs about $4,500 a year for a family of three, and that you can use that insurance in another country if Belize does not provide a particular treatment.</p><p>Remote workers and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/become-a-digital-nomad-an-early-retirement-lifestyle">digital nomads</a> are free to type away, without tax penalties: “QRP is the only legislation in Belize that specifically exempts foreign-source income in Belize,” Wrobel says, “so if you are a QRP, and the service you’re providing is for a non-resident of Belize and the origin of your income is coming from outside Belize, that is not taxed in Belize.”</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><h2 id="status-symbol-2">Status symbol</h2><p>“QRP members are classified as Retiree Residents,” Rancharan explains. Something else Rancharan says to keep in mind: “The QRP Program is not linked to the Permanent Residency Program. The <a data-analytics-id="inline-link" href="https://immigration.gov.bz/residence/residence-qualify/" target="_blank">Belize Permanent Residency Program</a> is a separately legislated residency visa program, managed and regulated directly by the Belize Immigration and Nationality Department under the Belize Immigration Act. Should a QRP member wish to pursue permanent residency at any point in time, they are legally required to first revoke their membership under the QRP Program.”</p><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:2000px;"><p class="vanilla-image-block" style="padding-top:75.00%;"><img id="DnnBNpMSpTfravFNqCMeee" name="Belize Over Water Bungalows-2156354573" alt="Overwater bungalows and palm trees on Tobacco Caye, Belize, Central America" src="https://cdn.mos.cms.futurecdn.net/DnnBNpMSpTfravFNqCMeee.jpg" mos="" align="middle" fullscreen="" width="2000" height="1500" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><h2 id="living-in-belize-the-takeaway-2">Living in Belize: The takeaway</h2><p>Belize is exotic and subtropical, yet close to the U.S. in terms of geography and culture (i.e., currency and language). The scenery is lush and varied, and those who are physically fit will get the most out of inland excursions. On the other hand, Belize draws a conspicuous population of those who just want to soak up the sun and sea with a cocktail in hand. Nothing wrong with that.</p><p>Those with delicate constitutions and health issues will want to think carefully about whether Belize is the right choice, and if so, gravitating toward the Mexican border as a place to live would be prudent.</p><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/happy-retirement/best-places-for-lgbtq-people-to-retire-abroad">LGBT</a> singles and couples should note that while Belize decriminalized same-sex activity in 2016, and antigay discrimination is unlawful, same-sex marriages are not legal in Belize. At the same time, San Pedro has long been a popular LGBT tourism destination, and polls show that Belize is one of the most accepting Caribbean countries of the community.</p><h3 class="article-body__section" id="section-more-on-where-to-retire-abroad"><span>More on where to retire abroad</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/where-to-retire-in-japan-it-aint-easy-unless-youre-very-special">Retire in Japan: It Ain’t Easy, Unless You’re Special</a></li><li><a href="https://www.kiplinger.com/retirement/where-to-retire-malaysia">Retire in Malaysia for Affordable Luxury</a></li><li><a href="https://www.kiplinger.com/retirement/how-and-where-to-retire-to-finland">Retire in Finland and Live the Nordic Dream</a></li><li><a href="https://www.kiplinger.com/retirement/retire-in-ecuador-for-an-affordable-rich-life">Retire in Ecuador for an Affordable, Rich Life</a></li><li><a href="https://www.kiplinger.com/retirement/happy-retirement/retire-in-costa-rica-for-expat-heaven">Retire in Costa Rica for Expat Heaven</a></li><li><a href="https://www.kiplinger.com/retirement/happy-retirement/retire-in-malta-for-quiet-coastal-perfection">Retire in Malta for Quiet Coastal Perfection</a></li><li><a href="https://www.kiplinger.com/retirement/happy-retirement/retire-in-new-zealand-for-lush-landscapes-and-a-relaxed-vibe">Retire in New Zealand for Lush Landscapes and a Relaxed Vibe</a></li><li><a href="https://www.kiplinger.com/retirement/happy-retirement/retire-in-italy-for-culture-and-beauty">Retire in Italy for Culture and Beauty</a></li><li><a href="https://www.kiplinger.com/retirement/happy-retirement/retire-in-greece-for-relaxed-living-with-a-cinematic-backdrop">Retire in Greece for Relaxed Living With a Cinematic Backdrop</a></li><li><a href="https://www.kiplinger.com/retirement/happy-retirement/retire-abroad-where-the-white-lotus-was-filmed">Retire in Thailand Where 'The White Lotus' Was Filmed</a></li><li><a href="https://www.kiplinger.com/retirement/happy-retirement/retire-in-mexico-get-a-lower-cost-of-living-near-the-u-s">Retire in Mexico: Get a Lower Cost of Living Near the US</a></li><li><a href="https://www.kiplinger.com/retirement/happy-retirement/where-to-retire-living-in-portugal#section-more-on-where-to-retire-abroad">Where to Retire: Living in Portugal as a US Retiree</a></li><li><a href="https://www.kiplinger.com/retirement/happy-retirement/where-to-retire-living-in-the-dominican-republic">Where to Retire: Living in the Dominican Republic</a></li><li><a href="https://www.kiplinger.com/retirement/happy-retirement/where-to-retire-living-in-panama-offers-stability-and-charm">Where to Retire: Living in Panama Offers Stability and Charm</a></li><li><a href="https://www.kiplinger.com/retirement/happy-retirement/where-to-retire-living-in-brazil">Where to Retire: Living in Brazil Is More Than Carnival, Coffee and Copacabana</a></li><li><a href="https://www.kiplinger.com/retirement/happy-retirement/where-to-retire-puerto-rico">Where to Retire 2025: Puerto Rico</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/retirement/where-to-retire-belize</link> <description> <![CDATA[ Belize offers miles of protected land and ocean, a rich mix of cultures and a chill lifestyle. Best yet — the income requirement is just $2K per month. ]]> </description> <guid isPermaLink="false">M6FKV5JVR7RHpbQSwviT8N</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/wpADjNb8jcJqCrdBcGFyUG.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Sat, 28 Jun 2025 11:02:00 +0000</pubDate> <category><![CDATA[Retirement]]></category> <category><![CDATA[Places To Live]]></category> <category><![CDATA[Real Estate]]></category> <dc:creator><![CDATA[ Drew Limsky ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/wpADjNb8jcJqCrdBcGFyUG.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[Belize, Lighthouse Reef, boat moored at Blue Hole, aerial view.]]></media:text> <media:title type="plain"><![CDATA[Belize, Lighthouse Reef, boat moored at Blue Hole, aerial view.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/wpADjNb8jcJqCrdBcGFyUG-1200-80.jpg" /> </item> <item> <title><![CDATA[ My First $1 Million: Air Force Veteran, 68, Duluth, Ga. ]]></title> <dc:content><![CDATA[ <p><em>Welcome to Kiplinger’s My First $1 Million series, in which we hear from people who have made $1 million. They’re sharing how they did it and what they’re doing with it. This time, we hear from a 68-year-old retired U.S. Air Force officer who lives in Duluth, Ga. </em><em><strong> </strong></em></p><p><em>See our earlier profiles, including a </em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/my-first-million-1-writer-new-england"><em>writer in New England</em></a><em>, a </em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/my-first-million-2-literacy-interventionist-colorado"><em>literacy interventionist in Colorado</em></a><em>, a </em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/my-first-million-3-semiretired-entrepreneur-nashville"><em>semiretired entrepreneur in Nashville</em></a><em>, an </em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/my-first-million-4-events-industry-ceo-northern-new-jersey"><em>events industry CEO in Northern New Jersey</em></a><em> and </em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/my-first-million-7-early-retiree-western-north-carolina"><em>an early retiree in Western North Carolina</em></a><em>.</em></p><p><em>Each profile features one person or couple, </em><em><strong>who will always be completely anonymous to readers</strong></em><em>, answering questions to help our readers learn from their experience.</em></p><p><em>These features are intended to provide a window into how different people build their savings — they're not intended to provide financial advice.</em></p><h3 class="article-body__section" id="section-the-basics"><span>THE BASICS</span></h3><h2 id="how-did-you-make-your-first-1-million-2">How did you make your first $1 million?</h2><p>Worked hard, got an education, stuck to a budget that included saving and was very disciplined.</p><h2 id="what-are-you-doing-with-the-money-2">What are you doing with the money?</h2><p>Kept it invested for long-term growth. I had a successful career as an AF officer and knew that one day I'd have to retire. I retired at 58 with 32 years of active duty (that took me 40 years to earn!).</p><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:3200px;"><p class="vanilla-image-block" style="padding-top:56.25%;"><img id="H7EERGD9x8H96B3FdtmpJE" name="volunteering GettyImages-2199422963" alt="Two volunteers hand over donated clothing." src="https://cdn.mos.cms.futurecdn.net/H7EERGD9x8H96B3FdtmpJE.jpg" mos="" align="middle" fullscreen="" width="3200" height="1800" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><p>Since retiring, my wife and I have not done anything to "earn" a paycheck. Instead, we have focused on volunteering for organizations we generally support financially.</p><h3 class="article-body__section" id="section-the-fun-stuff"><span>THE FUN STUFF</span></h3><h2 id="did-you-do-anything-to-celebrate-2">Did you do anything to celebrate?</h2><p>No, it just sort of happened. The most memorable moment was one year when getting ready to do my taxes and end-of-year budgeting, I realized that my investments made me more money that year than my military salary. That was an awesome feeling.</p><h2 id="what-is-the-best-part-of-making-1-million-2">What is the best part of making $1 million?</h2><p>It is a milestone, but if you stay the course, that initial million will grow, and you will enjoy many options when (if?) you do retire. Travel, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/charitable-giving-tax-strategies-to-give-all-year">charitable giving</a>, volunteering, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/positive-ways-to-help-your-adult-children-financially">helping your children</a> in ways that our own parents were unable to help us, etc.</p><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:3200px;"><p class="vanilla-image-block" style="padding-top:56.25%;"><img id="jwyEtGuNfZS9J283Hu8XGE" name="sleeping dog GettyImages-454027131" alt="A dog sleeps on top of a blanket on a sofa." src="https://cdn.mos.cms.futurecdn.net/jwyEtGuNfZS9J283Hu8XGE.jpg" mos="" align="middle" fullscreen="" width="3200" height="1800" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><h2 id="did-your-life-change-2">Did your life change?</h2><p>Sleeping well should not be underrated.</p><h2 id="did-you-retire-early-2">Did you retire early?</h2><p>I retired when I reached the end of my military career. I had "<a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/your-enough-is-enough-number-for-retirement">enough</a>" between our investments and my military pension.</p><p>Rather than seek other employment at 58, my wife and I sought out charitable opportunities that took about 25 to 30 hours per week of our time. Very enjoyable.</p><p>At 68 now, we've cut back but still value volunteering.</p><h3 class="article-body__section" id="section-looking-back"><span>LOOKING BACK</span></h3><h2 id="anything-you-would-do-differently-2">Anything you would do differently?</h2><p>Maybe we were more frugal than we needed to be. We have more than we need now, but you can't really know whether you are saving too much or too little. We sacrificed as much as we could, but still made family vacations and time together a priority.</p><h2 id="did-you-work-with-a-financial-adviser-2">Did you work with a financial adviser?</h2><p>Yes, after about 10 years on my own. When I got to $400,000 to $500,000, I sought out a friend who was a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/how-to-find-a-financial-adviser">financial adviser</a> and ultimately went with Edward Jones, where he worked. It has been a good partnership, and I've learned a lot along the way.</p><h2 id="did-anyone-help-you-early-on-2">Did anyone help you early on? </h2><p>YES! As an airman, and then a broke student through college and graduate school (law school), I thought I was doing well by keeping what little savings I had in a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/banking/how-to-choose-a-money-market-account">money market account</a> that was doing a bit better than inflation.</p><p>Early in my military career as an officer, I met a friend who was much more savvy about investing than I was. He steered me toward the Janus Twenty Fund (JAVLX). At that point, I had about $10,000 to invest.</p><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:3200px;"><p class="vanilla-image-block" style="padding-top:56.25%;"><img id="ihJCTYHX5DGTAuddPfTxvD" name="red stocks GettyImages-1445160636" alt="A red trading graph trends downward." src="https://cdn.mos.cms.futurecdn.net/ihJCTYHX5DGTAuddPfTxvD.jpg" mos="" align="middle" fullscreen="" width="3200" height="1800" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><p>It was the week of October 15, 1987, that I took my first leap into the stock market. Monday, October 19, is referred to as <a data-analytics-id="inline-link" href="https://www.investopedia.com/terms/b/blackmonday.asp" target="_blank">Black Monday</a> — I watched my $10,000 become $7,000! Ouch.</p><p>However, rather than panic, I continued to invest regularly, and as always happens for those who wait, the market recovered in about 30 months, and my original investment and all of my subsequent investment grew and grew.</p><h3 class="article-body__section" id="section-looking-ahead"><span>LOOKING AHEAD</span></h3><h2 id="plans-for-your-next-1-million-2">Plans for your next $1 million?</h2><p>I really enjoy the benefits of a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/donor-advised-fund-daf-can-do-a-lot-for-you">donor-advised fund</a>! I can get a tax deduction the year I make a gift (and avoid <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/capital-gains-tax/602224/capital-gains-tax-rates">capital gains tax</a> by giving appreciated assets!), and then we can ensure the missionaries we support personally will be supported for several more decades should we die an untimely death.</p><p>Our children know about our DAF, and they can ensure the funds are used until those missionaries retire or die. Anything left over will be given to the organizations we've supported.</p><h2 id="any-advice-for-others-trying-to-make-their-first-1-million-2">Any advice for others trying to make their first $1 million?</h2><p>Start early. Avoid debt (other than a modest mortgage to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/what-you-can-negotiate-when-buying-a-home">buy a home</a>) and pay off all credit cards each month. Get (at least) your employer match and max out a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/roth-iras-what-they-are-and-how-they-work">Roth IRA</a> as much as you can.</p><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:3200px;"><p class="vanilla-image-block" style="padding-top:56.25%;"><img id="dW7GUGxYMSSJEdt4q6SG43" name="budget GettyImages-2162585588" alt="A man's hand holds several dollar bills while he makes notes on a piece of paper." src="https://cdn.mos.cms.futurecdn.net/dW7GUGxYMSSJEdt4q6SG43.jpg" mos="" align="middle" fullscreen="" width="3200" height="1800" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><p>Have a detailed budget. A financial class I took emphasized that a budget is "permission" to spend. We had restaurants, vacation, entertainment, etc., in our budget.</p><p>They may not have been large amounts, but we budgeted so we <em>could</em> spend some and still meet our savings/investment goals.</p><h2 id="what-do-you-wish-you-d-known-2">What do you wish you'd known …</h2><p><strong>When you first started saving? </strong>I first enlisted in the AF in 1974. In basic training, we were required to log all of our money and record all of the serial numbers. This "log" was always on our person and must be absolutely up to date if an instructor asked to see it.</p><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:3200px;"><p class="vanilla-image-block" style="padding-top:56.25%;"><img id="HwSYb6M43TKxha4LhnVE53" name="Air Force GettyImages-dv144097" alt="Ground crew signals to a military jet." src="https://cdn.mos.cms.futurecdn.net/HwSYb6M43TKxha4LhnVE53.jpg" mos="" align="middle" fullscreen="" width="3200" height="1800" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><p>That simple exercise also taught me the importance of a written budget. I've kept a written budget ever since and always knew when and where I spent my limited resources.</p><p><strong>Before you retired? </strong>Once we retired, we jumped right into volunteering, caring for <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/caring-for-aging-parents-takes-planning-and-patience">aging parents</a>, etc. I wish we had taken some time "off" before overcommitting to volunteer work. We learned and over time have scaled back and have taken some months off to travel.</p><p><strong>When you first started investing? </strong>The benefits of a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/roth-or-traditional-how-to-choose-a-retirement-tax-strategy">Roth over a traditional IRA</a>. In the late ’80s, I thought contributions to my traditional IRA were a good way to avoid income taxes. Boy, I wish I knew then what I know now about the benefits of a Roth. Fortunately, I got good advice and recharacterized most of our traditional IRA fund to a Roth over time.</p><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:3200px;"><p class="vanilla-image-block" style="padding-top:56.25%;"><img id="87uxsHnCwgxtYWS8Eepyn" name="ira to Roth GettyImages-1333422011" alt="A pink piggy bank with "traditional IRA" on its side faces a blue piggy bank with "Roth IRA," a roll of hundreds between them." src="https://cdn.mos.cms.futurecdn.net/87uxsHnCwgxtYWS8Eepyn.jpg" mos="" align="middle" fullscreen="" width="3200" height="1800" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><p><strong>When you first started working with a financial professional? </strong>The first FA was with an expensive firm (Merrill Lynch). I learned <em>a lot</em> about expenses and, eventually, how to minimize them. I'm with Edward Jones now, and my expenses are much more tolerable (in large part because of the amount I have invested).</p><p>My advice to young people is to invest on your own with one of the big three discount firms (Vanguard, Schwab or Fidelity) until you have at least $500,000. Like me, they will learn a lot on the way to that goal, and they will also have a better idea about what kind of an investor they are and what kind of adviser they want or need.</p><p><em>If you have made $1 million or more and would like to be anonymously featured in a future My First $1 Million profile, please fill out and submit </em><a data-analytics-id="inline-link" href="https://forms.gle/5VefEwxDUZDE1WJ86" target="_blank"><em>this Google Form</em></a><em> or send an email to </em><a data-analytics-id="inline-link" href="mailto:myfirstmillion@futurenet.com"><em>MyFirstMillion@futurenet.com</em></a><em> to receive the questions. We welcome all stories that add up to $1 million or more in your accounts, although we will use discretion in which stories we choose to publish, to ensure we share a diversity of experiences. We'll also want to verify that you really do have $1 million. Your answers may be edited for clarity.</em></p><h3 class="article-body__section" id="section-related-content"><span>RELATED CONTENT</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/can-you-retire-at-60-with-1-million-dollars-saved">You're 62 Years Old With $1 Million Saved: Can You Retire?</a></li><li><a href="https://www.kiplinger.com/personal-finance/earn-one-million-dollars-more-over-your-lifetime-by-doing-this">Want to Earn $1 Million More Over Your Lifetime? Do This</a></li><li><a href="https://www.kiplinger.com/retirement/tax-planning-strategies-if-you-have-a-million-dollars">Do You Have at Least $1 Million in Tax-Deferred Investments?</a></li><li><a href="https://www.kiplinger.com/personal-finance/605075/are-you-rich">Are You Rich? U.S. Net Worth Percentiles Can Provide Answers</a></li><li><a href="https://www.kiplinger.com/personal-finance/how-average-is-your-net-worth">Compare Your Net Worth by Age</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/personal-finance/my-first-million-8-air-force-veteran-duluth-ga</link> <description> <![CDATA[ Ever wonder how someone who's made a million dollars or more did it? Kiplinger's My First $1 Million series uncovers the answers. ]]> </description> <guid isPermaLink="false">KhUsLefkD4krwJ2LqjLnMM</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/jsixRCvbfnDsudQPfUaab.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Sat, 28 Jun 2025 10:00:00 +0000</pubDate> <category><![CDATA[Personal Finance]]></category> <author><![CDATA[ joyce.lamb@futurenet.com (Joyce Lamb) ]]></author> <dc:creator><![CDATA[ Joyce Lamb ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/jsixRCvbfnDsudQPfUaab.jpg"> <media:credit><![CDATA[Future]]></media:credit> <media:text><![CDATA[My First $1 Million logo]]></media:text> <media:title type="plain"><![CDATA[My First $1 Million logo]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/jsixRCvbfnDsudQPfUaab-1200-80.jpg" /> </item> <item> <title><![CDATA[ Why Retirees Need a Budget, According to a New Retiree ]]></title> <dc:content><![CDATA[ <p>As a longtime personal finance writer, I've lost track of the number of stories I've written about the importance of creating a budget. So now it's time for a confession: When I was working, I never really had one.</p><p>Instead, I took an approach that I suspect is pretty common. If I had money left at the end of the month — and was able to pay off my credit card balance — I figured I was doing okay. And like millions of working Americans, I had <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-plans/roth-401k-limits">contributions to my 401(k)</a> plan automatically deducted from my paycheck.</p><p>All of that changed when I retired. Without a regular paycheck, I can no longer use this back-of-the-napkin strategy to calculate how much I can afford to spend each month. Like a lot of retirees, I have a long list of things I'd like to do — from digitizing hundreds of family photos to touring Ireland — and most of them cost money, so having a plan is essential.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><p>For many retirees, this transition is so discombobulating that they withdraw less from their savings than they can reasonably afford to spend based on the amount they've saved and their life expectancies. A 2018 survey by the Employee Benefit Research Institute found that retirees with $500,000 or more in savings spend less than 12% of their assets within the first 20 years.</p><p>For retirees who are struggling to get by, this may seem like a nice problem to have. But <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-spending-got-you-stressed-six-signs-you-need-help">underspending in retirement</a> is not without its downsides. While you may not run out of money, you could forgo activities that enhance your quality of life — and even <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/could-technology-use-lower-risk-of-dementia">help prevent cognitive decline</a>.</p><h2 id="methods-to-manage-your-income-in-retirement-2">Methods to manage your income in retirement</h2><p>One strategy to get around this roadblock is to buy a single-premium income <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/annuities-what-they-are-and-how-they-work">annuity</a>, or SPIA. After you make a lump-sum investment, an SPIA provides a monthly check, for either a set period or the rest of your life.</p><p>By annuitizing your monthly non-discretionary expenses, such as groceries and utilities, you may feel more comfortable withdrawing money from your savings to cover the fun stuff. The drawback is that in exchange for guaranteed income, you usually can't get your investment back.</p><p>An alternative that gives you more flexibility is to create a paycheck by having a set amount of money withdrawn from your savings every month. You can adjust the amount withdrawn as your spending changes.</p><p>Another strategy is known as <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/how-to-secure-your-retirement-paycheck">the bucket system</a>. With this method, you divide your savings into three buckets: One for money you'll need for the next two years, another for money you'll need in years three through 10, and a third for funds you'll need in the distant future or for your heirs.</p><p>Money in the first bucket is placed in low-risk, easily accessible bank <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/best-high-yield-savings-accounts">savings accounts</a> or <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/banking/best-money-market-accounts">money market funds</a>. The second bucket contains income-generating certificates of deposit and bonds, and the third is in stocks and other long-term investments that offer higher returns. This method protects you from having to withdraw money from stocks and mutual funds during market downturns.</p><p>For the bucket strategy to work, though, you need to get a handle on your expenses. Otherwise, you risk putting too much — or too little — in your first bucket.</p><p>Since I retired, I've used Google Sheets to track our monthly household spending, with categories for expenses such as food, health care, taxes and subscriptions. (Our 11-year-old Border Collie, Morgan, gets a category, too.) Scrutinizing our expenses has helped me reduce some of our costs.</p><p>I downgraded our Netflix subscription to the model that includes ads, which will save us about $10 a month, and I have become a big fan of digital coupons. Cutting back on everyday expenses has made it easier to plan for the big ones — like a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/travel/thinking-of-visiting-ireland-what-you-need-to-know">trip to Ireland</a>. <em>Sláinte!</em></p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/personal-finance/how-to-save-money/best-budgeting-apps">Seven of the Best Budgeting Apps for 2025</a></li><li><a href="https://www.kiplinger.com/personal-finance/spending/ways-to-splurge-on-yourself-because-your-kids-will-inherit-enough">Ways to Splurge on Yourself, Because Your Kids Will Inherit Enough</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/are-you-a-retirement-millionaire-too-scared-to-spend">Is Retirement Anxiety Keeping You From Enjoying Your Wealth?</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/retirement/retirement-planning/why-retirees-need-a-budget-according-to-a-new-retiree</link> <description> <![CDATA[ A new retiree explains why retirees need a budget. ]]> </description> <guid isPermaLink="false">FpD79PGAMSQsUW7SQfSM6g</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/rNw8myyvi6TUNb9z5wrvqm.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Sat, 28 Jun 2025 10:00:00 +0000</pubDate> <category><![CDATA[Retirement Planning]]></category> <category><![CDATA[Spending]]></category> <category><![CDATA[Happy Retirement]]></category> <category><![CDATA[Retirement]]></category> <category><![CDATA[Personal Finance]]></category> <author><![CDATA[ kiplinger@futurenet.com (Sandra Block) ]]></author> <dc:creator><![CDATA[ Sandra Block ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/rNw8myyvi6TUNb9z5wrvqm.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[A man reaches into his wallet to take out money. ]]></media:text> <media:title type="plain"><![CDATA[A man reaches into his wallet to take out money. ]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/rNw8myyvi6TUNb9z5wrvqm-1200-80.jpg" /> </item> <item> <title><![CDATA[ Are These the Next Stocks to Split? ]]></title> <dc:content><![CDATA[ <p>In June, <strong>Interactive Brokers Group </strong>(<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=IBKR" target="_blank">IBKR</a>) joined a high-profile list of companies that have executed a stock split over the past few years.</p><p>Interactive Brokers operates America's largest electronic trading platform and is well-loved among active traders and sophisticated investors.</p><p>Technological advancements, the adoption of <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/cryptocurrency/what-is-cryptocurrency"><u>cryptocurrency</u></a> trading on its platform, and the COVID stimulus-fueled surge of new individual investors have all sparked a renaissance in shares of IBKR, which shot up by more than 400% between the start of 2020 and its peak earlier this year.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_TZ5u6hI1_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="TZ5u6hI1"> <div id="botr_TZ5u6hI1_a7GJFMMh_div"></div> </div> </div></div><p>As a result, IBKR's share price jumped from below $50 to above $200. You might not balk at a couple hundred bucks, but many other people might.</p><p>For some retail investors with limited funds to work with, $200 represents a high nominal per-share cost that could dissuade them from buying IBKR and steer them toward <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/best-cheap-stocks-to-buy"><u>cheaper stocks</u></a>.</p><p>As a result, IBKR did what many companies have done in its situation and "split" its stock to make it more affordable.</p><p><strong>Today, we'll talk about how stock splits (including IBKR's) work, look at some of the most noteworthy companies to split their stocks in recent history, and take a stab at which companies might split their stock next.</strong></p><h2 id="what-is-a-stock-split-and-how-does-it-work-2">What is a stock split, and how does it work?</h2><p>A stock split is one of Wall Street's simplest pieces of financial engineering. While there's a bit more that goes on in the back end, here's what you and I see:</p><ul><li><strong>Before the split,</strong> I have <strong>one share</strong> of stock worth <strong>$Y</strong>. The share price is <strong>$Y/1</strong>.</li><li><strong>After the split, </strong>I have <strong>X shares</strong> of stock worth <strong>$Y</strong>. The share price is <strong>$Y/X</strong>.</li></ul><p>Here's a hypothetical example in which Woodley Inc. announces a <strong>4-for-1 stock split</strong>.</p><ul><li><strong>Before the split,</strong> I have <strong>one share</strong> of Woodley Inc. stock worth <strong>$100</strong>. The share price is <strong>$100 ($100 / 1)</strong>.</li><li><strong>After the split, </strong>I have <strong>four shares</strong> of Woodley Inc. stock worth <strong>$100</strong>. The share price is <strong>$25 ($100 / 4)</strong>.</li></ul><p>In other words, the total worth of your stock is exactly the same before and after the split. The two things that have changed are 1.) how many shares you own and 2.) how much each share is worth.</p><p>Interactive Brokers is undergoing a 4-for-1 stock split itself. Ahead of the June 18 split, shares traded at roughly $208 per share – which means immediately after the split, shares were priced closer to $52 per share.</p><h2 id="why-do-companies-split-their-stock-2">Why do companies split their stock?</h2><p>In short, companies split their stock because it makes shares cheaper, which in turn makes it more accessible to the average investor.</p><p>It's easier to think about this when you consider normal investor behavior.</p><p>The biggest contribution many people ever make to a brokerage or retirement account is a lump sum, whether that's savings, a rollover, what have you.</p><p>So, say you fund an <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-plans/traditional-ira/602169/traditional-ira-basics-contributions-rmds">IRA</a> with $5,000 you saved up. You'll probably go out and buy stocks and funds right away, using up most of that $5,000. After that, however, let's say you can only contribute $50 per month.</p><p>I suppose you could wait four months to afford a $200-per-share stock. But you'd probably want to put that money to work right away, which means you'd probably look for a stock that costs $50 or less.</p><p>Companies know this. Interactive Brokers <em>especially</em> knows this. Hence, they split their stock.</p><p>Kiplinger contributor Charles Lewis Sizemore, in <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/what-is-a-stock-split"><u>defining a stock split</u></a>, brought up another perk, using <strong>Amazon's</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=AMZN" target="_blank"><u>AMZN</u></a>) 20-for-1 split back in 2022 as an example:</p><p><em>"It's also easier to properly balance a portfolio. Let's imagine you want to make Amazon a 3% piece of your $100,000 portfolio. Well, with AMZN trading closer to $122, you'd be able to buy to about 25 shares to make that possible. But with Amazon trading at $2,447, you'd only be able to buy one share."</em></p><p>One interesting point: Stock splits are less common than they were a couple of decades ago. You can largely chalk that up to the advent of <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/605205/how-to-invest-1000-buy-fractional-shares-of-great-companies"><u>fractional shares</u></a>, which allow people to <a data-analytics-id="inline-link" href="https://youngandtheinvested.com/best-fractional-share-brokerages/" target="_blank"><u>buy fractions of stock</u></a> for as little as $10, $5, sometimes even $1 per share.</p><p>It's a wildly democratizing feature that has allowed young and/or low-dollar investors to diversify their portfolios in ways they never could. But it has also reduced the necessity of splitting one's shares.</p><h2 id="noteworthy-stock-splits-2">Noteworthy stock splits</h2><p>2025 has seen a handful of stock splits. In addition to IBKR, we've also seen splits from the likes of O'Reilly Automotive (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=ORLY" target="_blank">ORLY</a>, 15-for-1), Fastenal (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=FAST" target="_blank">FAST</a>, 2-for-1) and independent bottler Coca-Cola Consolidated (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=COKE" target="_blank">COKE</a>, 10-for-1).</p><p>But the biggest stock-split splashes have come over the past five years or so, from a number of Wall Street's biggest stocks:</p><p><strong>Tesla</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=TSLA" target="_blank">TSLA</a>): Split 5-for-1 on August 28, 2020.</p><p><strong>Apple</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=AAPL" target="_blank">AAPL</a>): Split 4-for-1 on August 31, 2020.</p><p><strong>Nvidia</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=NVDA" target="_blank">NVDA</a>): Split 4-for-1 on July 19, 2021.</p><p><strong>Amazon</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=AMZN" target="_blank">AMZN</a>): Split 20-for-1 on June 3, 2022.</p><p><strong>Alphabet</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=GOOGL" target="_blank">GOOGL</a>): Split 20-for-1 on July 15, 2022</p><p><strong>Tesla</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=TSLA" target="_blank">TSLA</a>): Split 3-for-1 on August 24, 2022.</p><p><strong>Nvidia </strong>(<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=NVDA" target="_blank">NVDA</a>): Split 10-for-1 on June 7, 2024.</p><p><strong>Broadcom</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=AVGO" target="_blank">AVGO</a>): Split 10-for-1 on July 12, 2024.</p><h2 id="who-could-be-next-to-split-their-stock-2">Who could be next to split their stock?</h2><p>Let's just say this up front: Any of the stocks we list here are guesses – nothing more. <em>Educated</em> guesses, but guesses nonetheless.</p><p>But we can think of three factors that would point toward a higher likelihood of a future stock split:</p><p><strong>A high share price, of course.</strong> IBKR is splitting at $200 per share, but for purposes of this exercise, we're looking around $500 or more.</p><p><strong>A history of stock splits.</strong> If you're selling Girl Scout Cookies, you're starting with the houses that bought from you before.</p><p>Also, some companies are actually <em>opposed</em> to splitting their stock. Glenn Fogel, CEO of online travel site Booking Holdings (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=BKNG" target="_blank">BKNG</a>), whose stock trades above $5,000 per share, has <a data-analytics-id="inline-link" href="https://www.barrons.com/podcasts/at-barrons/booking-holdings-ceo-on-how-ai-will-change-travel/90d57f2c-5eef-4851-bda6-2cdcb82e8d4b?page=1&"><u>said about investors concerned with nominal share price</u></a>: "I don't think I want that kind of investor."</p><p>And Warren Buffett has famously kept his Berkshire Hathaway (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=BRK.A" target="_blank">BRK.A</a>) A-class shares at ludicrous prices (currently around $730,000!) to attract long-term investors and discourage day trading in the stock.</p><p><strong>Consumer-facing names.</strong> How much this <em>really</em> matters is anyone's guess – Fastenal and Coca-Cola Consolidated are hardly household names – but it's fair enough to assume that more recognizable brands enjoy a little more interest from retail investors.</p><p>With that said, here are a few companies that make the grade (share prices are as of June 25):</p><h3 class="article-body__section" id="section-netflix"><span>Netflix</span></h3><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:1024px;"><p class="vanilla-image-block" style="padding-top:66.70%;"><img id="waoAqgoqwwT6JCNXiuQw6H" name="netflix-GettyImages-2144482691.jpg" alt="Netflix logo on smartphone sitting on computer keyboard" src="https://cdn.mos.cms.futurecdn.net/waoAqgoqwwT6JCNXiuQw6H.jpg" mos="" align="middle" fullscreen="" width="1024" height="683" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Beata Zawrzel/NurPhoto via Getty Images)</span></figcaption></figure><p><strong>Share price: </strong>$1,275.25</p><p><strong>Netflix</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=NFLX" target="_blank">NFLX</a>) seems like a slam dunk. Shares are in the quadruple digits, it's one of the largest consumer-facing companies on the planet, and Netflix has split its stock twice before: 2-for-1 on February 11, 2004, then 7-for-1 on July 14, 2015.</p><p>In fact, based on this admittedly, um, <em>acute</em> data set, Netflix is going at a clip of once every 11 years or so. So if we don't get a stock split by the end of 2026, let's go bang on Greg Peters' and Ted Sarandos' doors.</p><h3 class="article-body__section" id="section-intuit"><span>Intuit</span></h3><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:1024px;"><p class="vanilla-image-block" style="padding-top:66.70%;"><img id="qJur6bijqAeaqMMJ4cn5AP" name="intuit-GettyImages-2021273134" alt="Intuit Turbotax at store in the Brooklyn borough of New York, US, on Wednesday, Jan. 24, 2024." src="https://cdn.mos.cms.futurecdn.net/qJur6bijqAeaqMMJ4cn5AP.jpg" mos="" align="middle" fullscreen="" width="1024" height="683" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Eilon Paz/Bloomberg via Getty Images)</span></figcaption></figure><p><strong>Share price: </strong>$757.86</p><p><strong>Intuit</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=INTU" target="_blank">INTU</a>) is the name behind a quartet of products that are quite well-known (if not first-to-mind) to consumers and/or small business owners: TurboTax, Credit Karma, QuickBooks and Mailchimp.</p><p>It has split its stock thrice – in August 1995, September 1999 and June 2006. And at roughly $750 per share, it's among the 20-highest stock prices in the S&P 500.</p><p>There are no immediate signs that Intuit will split its stock, but there's no reason to think it wouldn't again.</p><h3 class="article-body__section" id="section-costco-wholesale"><span>Costco Wholesale</span></h3><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:2151px;"><p class="vanilla-image-block" style="padding-top:64.81%;"><img id="ZKK5GSxVqgkzCtd4UbbFwV" name="GettyImages-599389182" alt="Entrance to large Costco warehouse superstore" src="https://cdn.mos.cms.futurecdn.net/ZKK5GSxVqgkzCtd4UbbFwV.jpg" mos="" align="middle" fullscreen="" width="2151" height="1394" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><p><strong>Share price: </strong>$986.54</p><p>It's hard to find a more beloved consumer name than <strong>Costco Wholesale </strong>(<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=COST" target="_blank">COST</a>), and the company has split its stock multiple times in the past.</p><p>And Wall Street <em>clearly </em>wants Costco to split its stock – even a couple equity analysts have written that a stock split would be a catalyst for shares.</p><p>But on the few occasions management has been asked about the policy, they've been noticeably noncommittal. Still, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/slideshow/spending/t050-s001-20-secrets-to-shopping-at-costco/index.html"><u>Costco excels at keeping prices low</u></a>. You'd think they'd apply the same mentality to their stock.</p><h3 class="article-body__section" id="section-autozone"><span>AutoZone</span></h3><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:1024px;"><p class="vanilla-image-block" style="padding-top:66.70%;"><img id="CfqJMFjnNDLsyRYKQVf7M7" name="AZO-GettyImages-2217651565" alt="The AutoZone logo is seen displayed on a smartphone screen" src="https://cdn.mos.cms.futurecdn.net/CfqJMFjnNDLsyRYKQVf7M7.jpg" mos="" align="middle" fullscreen="" width="1024" height="683" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Thomas Fuller/SOPA Images/LightRocket via Getty Images)</span></figcaption></figure><p><strong>Share price: </strong>$3,489.54</p><p>Considering you could buy some older used cars for less than the price of one share of<strong> AutoZone</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=AZO" target="_blank">AZO</a>), it absolutely fits the stock-price criterion.</p><p>And while its jingle isn't as catchy as rival O'Reilly, it's certainly a recognizable consumer brand. Technically, it has already broken the stock-split seal – twice, in fact.</p><p>But given that both of those were more than three decades ago (2-for-1 in January 1992 and then again in April 1994), and given that AZO has already let its price run into Taylor Swift VIP ticket territory, it's hard to say with any confidence that another split is in the offing.</p><h3 class="article-body__section" id="section-meta-platforms"><span>Meta Platforms</span></h3><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:1024px;"><p class="vanilla-image-block" style="padding-top:66.70%;"><img id="AJt8VzSxpjYKL9pTqbgnSk" name="250520_meta_platforms_logos_GettyImages-2204478386" alt="meta platforms logos on mobile phone" src="https://cdn.mos.cms.futurecdn.net/AJt8VzSxpjYKL9pTqbgnSk.jpg" mos="" align="middle" fullscreen="" width="1024" height="683" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><p><strong>Share price:</strong> $708.68</p><p>Facebook, Instagram and WhatsApp parent <strong>Meta Platforms </strong>(<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=META" target="_blank">META</a>) definitely checks off the consumer-facing box. And at more than $700 per share, its stock is far from affordable.</p><p>But it has never split its stock before. Why include it? It's the only <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/what-are-the-magnificent-7-stocks"><u>Magnificent 7 stock</u></a>, and the largest publicly traded company, to never have split its stock … so you could say it's due.</p><h2 id="splits-make-stocks-cheaper-but-not-better-values-2">Splits make stocks cheaper, but not better values</h2><p>One really quick but important distinction to make is that a stock split lowers a stock's nominal price, but it has <em>absolutely no impact</em> on valuation metrics like <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/what-is-a-pe-ratio-and-how-do-i-use-it-in-investing"><u>price-to-earnings (P/E)</u></a> or price-to-sales (P/S).</p><p>That's because when you calculate these metrics, you're factoring the number of shares into both sides of the equation.</p><p>Example:</p><ul><li><strong>Before the 4-for-1 split, </strong>Woodley Inc. stock trades at <strong>$100 per share</strong>. Woodley Inc. is expected to make <strong>$100 million in profits</strong> next year, and it has <strong>10 million shares</strong>, so that's <strong>$10 per share in earnings ($100 million / 10 million)</strong>. Its forward P/E is <strong>10 ($100 / $10)</strong>.</li><li><strong>After the 4-for-1 split, </strong>Woodley Inc. stock trades at<strong> $25 per share. </strong>Woodley Inc. is still expected to make <strong>$100 million in profits</strong> next year. But now it has <strong>40 million shares</strong>, so that's <strong>$2.50 per share</strong> in earnings. Its forward P/E is still <strong>10 ($25 / $2.50)</strong>.</li></ul><p>To reiterate: After a stock split, a stock might be cheaper, but it's no more or less a bargain than it was before.</p><h3 class="article-body__section" id="section-related-content"><span>Related content</span></h3><ul><li><a href="https://www.kiplinger.com/investing/if-youd-put-usd1-000-into-google-stock-20-years-ago-heres-what-youd-have-today">If You'd Put $1,000 Into Google Stock 20 Years Ago, Here's What You'd Have Today</a></li><li><a href="https://www.kiplinger.com/investing/stocks/603777/30-best-stocks-of-the-past-30-years">The 30 Best Stocks of the Past 30 Years</a></li><li><a href="https://www.kiplinger.com/investing/essential-investing-rules">7 Essential Investing Rules We All Should Know</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/investing/stocks/are-these-the-next-stocks-to-split</link> <description> <![CDATA[ Interactive Brokers' recently split its stock to makes its shares more accessible to investors. Could these high-priced stocks be next? ]]> </description> <guid isPermaLink="false">dVw5UMAT3aayNXMf9t86XH</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/WJ8sKNBYQv3X3VwCrqtT3P.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Sat, 28 Jun 2025 10:00:00 +0000</pubDate> <category><![CDATA[Stocks]]></category> <category><![CDATA[Investing]]></category> <dc:creator><![CDATA[ Kyle Woodley ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/WJ8sKNBYQv3X3VwCrqtT3P.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[pie chart made up of multicolored wood blocks, with the light green blocks separated out]]></media:text> <media:title type="plain"><![CDATA[pie chart made up of multicolored wood blocks, with the light green blocks separated out]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/WJ8sKNBYQv3X3VwCrqtT3P-1200-80.jpg" /> </item> <item> <title><![CDATA[ The Top Fourth of July Fireworks and Celebrations Across America ]]></title> <dc:content><![CDATA[ <p>There are certain celebrations in the United States that are still able to bring people of all different walks of life together. And one of the biggest ones occurs in the middle of summer, right when it's the perfect temperature to be outside and barbecue, swim, and enjoy nature after a freezing winter.</p><p>The Fourth of July holiday is a chance to let your patriotic flags fly, and hopefully enjoy some much-needed time off of work. And one of the best ways to celebrate is by simply looking up to the sky.</p><p>Fireworks spectaculars are common in major cities, but certain locations like to outdo themselves each year. From the West Coast to the East Coast, here are the top fireworks celebrations and Fourth of July events to check out this summer.</p><h2 id="1-boston-pops-fireworks-spectacular-boston-ma-2">1. Boston Pops Fireworks Spectacular (Boston, MA)</h2><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:2036px;"><p class="vanilla-image-block" style="padding-top:72.30%;"><img id="24VrZkNfRKhuVVPThLpJMg" name="GettyImages-156223525" alt="4th of July Fireworks in Boston" src="https://cdn.mos.cms.futurecdn.net/24VrZkNfRKhuVVPThLpJMg.jpg" mos="" align="middle" fullscreen="" width="2036" height="1472" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><p>If you think <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/travel/best-places-to-celebrate-st-patricks-day" target="_blank">Boston's St. Patrick's Day</a> celebrations are a big deal, wait until you see their Fourth of July events. Every year, the Boston Pops Fireworks Spectacular boasts crowds of up to 500,000 spectators at the Hatch Shell outdoor concert venue.</p><p>This event is family-friendly, and absolutely free to attend. This year the celebration will take place on July 4 from 7–10 p.m. Country superstar <a data-analytics-id="inline-link" href="https://www.bso.org/press/leann-rimes-headlines-the-2025-boston-pops-july-4-fireworks-spectacular" target="_blank">LeAnn Rimes will headline</a>, and Leslie Odom, Jr., Bell Biv DeVoe, the U.S. Army Field Band Soldiers’ Chorus and Boston Children’s Chorus will also perform.</p><p>If you can't make it in person (or just don't want to deal with the crowds), but still want to get in on the fun, the performances will be broadcast live nationally on the CW Network, and locally on WHDH-TV Channel 7.<br><br>In true Bostonian tradition, the concert will end with a rendition of Tchaikovsky's "1812 Overture," immediately followed by a stunning fireworks display over the Charles River.</p><h2 id="2-bristol-fourth-of-july-parade-bristol-ri-2">2. Bristol Fourth of July Parade (Bristol, RI)</h2><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:2127px;"><p class="vanilla-image-block" style="padding-top:66.24%;"><img id="2GyyCKrTHFJPHW4qrTMS5U" name="GettyImages-691221892" alt="Drummer at Fourth of July parade in Bristol, Rhode Island" src="https://cdn.mos.cms.futurecdn.net/2GyyCKrTHFJPHW4qrTMS5U.jpg" mos="" align="middle" fullscreen="" width="2127" height="1409" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><p>Don't underestimate this small state; Rhode Island is known for one of the oldest, continuous Fourth of July celebrations that has taken place in Bristol since 1785.</p><p>The Bristol celebrations offer something for the whole family. A 2.5-mile <a data-analytics-id="inline-link" href="https://www.fourthofjulybristolri.com/parade" target="_blank">star-spangled parade</a> begins at 10:30 a.m. at Chestnut Street and Hope Street (Rt. 114), and will conclude on High Street, between State Street and Bradford Street. You can even get involved in the parade walking by volunteering to be a banner carrier.</p><p>Just be sure to note that their <a data-analytics-id="inline-link" href="https://www.fourthofjulybristolri.com/fireworks" target="_blank">fireworks show</a> will occur on July 3, at 9:30 p.m. on the Bristol Harbor. You can see the full list of month-long celebrations <a data-analytics-id="inline-link" href="https://www.fourthofjulybristolri.com/_files/ugd/6f1117_da49b7e82eda4f6e8f63ef30421be817.pdf" target="_blank">here</a>.</p><div class="product"><a data-dimension112="aedc2ac6-18af-46c2-83fd-43d21a980cce" data-action="Deal Block" data-label="top airline cards" data-dimension48="top airline cards" href="https://oc.brcclx.com/t?lid=26759010" target="_blank" rel="nofollow"><figure class="van-image-figure " ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:2121px;"><p class="vanilla-image-block" style="padding-top:66.67%;"><img id="ySK33rcUSaznyJQSMRsiVD" name="Airline Flight in Sunset-1551471455.jpg" caption="" alt="" src="https://cdn.mos.cms.futurecdn.net/ySK33rcUSaznyJQSMRsiVD.jpg" mos="" align="middle" fullscreen="" width="2121" height="1414" attribution="" endorsement="" credit="" class=""></p></div></div></figure></a><p>Traveling this summer? Earn rewards faster and enjoy exclusive perks, including complimentary airport lounge access when you add one of Kiplinger's <a href="https://oc.brcclx.com/t?lid=26759010" target="_blank" rel="nofollow" data-dimension112="aedc2ac6-18af-46c2-83fd-43d21a980cce" data-action="Deal Block" data-label="top airline cards" data-dimension48="top airline cards" data-dimension25="">top airline cards</a> to your wallet, powered by Bankrate. Advertising <a href="https://www.kiplinger.com/content-funding-on-kiplinger">disclosure</a>.</p><p><a href="https://oc.brcclx.com/t?lid=26759010" target="_blank" rel="nofollow"><strong>View Offers</strong></a></p></div><h2 id="3-big-bay-boom-san-diego-ca-2">3. Big Bay Boom (San Diego, CA)</h2><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:3127px;"><p class="vanilla-image-block" style="padding-top:61.37%;"><img id="42Qp7JipF4vM8S5E7ZZ7Ac" name="GettyImages-1162861892" alt="Fireworks over San Diego Bay" src="https://cdn.mos.cms.futurecdn.net/42Qp7JipF4vM8S5E7ZZ7Ac.jpg" mos="" align="middle" fullscreen="" width="3127" height="1919" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><p>The <a data-analytics-id="inline-link" href="https://bigbayboom.com/" target="_blank">Big Day Boom</a> in San Diego is home to California's largest fireworks shows. There are multiple locations to watch from on the San Diego Bay, and you can celebrate on the lawn with BYO lawn chairs or on your own boat. Each year, more than 400,000 visitors participate.</p><p>The show begins on July 4 at 9 p.m. and will be broadcast on Fox 5 San Diego, and KTLA 5. The coolest thing about this show? The massive pyrotechnic and fireworks display coordinates with <a data-analytics-id="inline-link" href="https://bigbayboom.com/donate/about-the-fireworks-show/" target="_blank">originally produced music</a> and benefits the San Diego Armed Services YMCA’s family service programs for military families.</p><h2 id="honorable-mentions-2">Honorable Mentions:</h2><h2 id="4-macy-s-4th-of-july-fireworks-new-york-city-ny-2">4. Macy’s 4th of July Fireworks (New York City, NY)</h2><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:2121px;"><p class="vanilla-image-block" style="padding-top:66.67%;"><img id="ArwTX9ZVkR2ZkSdiFam47o" name="GettyImages-459954409" alt="Macy's fourth of July fireworks" src="https://cdn.mos.cms.futurecdn.net/ArwTX9ZVkR2ZkSdiFam47o.jpg" mos="" align="middle" fullscreen="" width="2121" height="1414" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><p>There's something so special about fireworks in New York City. For one, you can pretty much head up to any rooftop (call up your old friends if you're a visitor), and see them without having to leave your house. The Macy's 4th of July Fireworks display is actually the <a data-analytics-id="inline-link" href="https://www.macys.com/s/fireworks/" target="_blank">nation's largest fireworks show.</a></p><p>What makes this show so larger than life? For starters, it uses over 80,000 shells that surge 1,000 feet high in the air over the East River. Not to mention, this year's star-studded <a data-analytics-id="inline-link" href="https://www.macys.com/s/fireworks/lineup/" target="_blank">performances</a> include Keke Palmer, Lenny Kravitz, the Jonas Brothers, and more, beginning at 8 p.m.. <br><br>The performances will be streamed live on NBC's Peacock.</p><h2 id="5-4th-of-july-drone-show-fireworks-finale-gatlinburg-tn-2">5. 4th of July Drone Show & Fireworks Finale (Gatlinburg, TN)</h2><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:2121px;"><p class="vanilla-image-block" style="padding-top:66.67%;"><img id="KnyjHDfEJcKu3z2QLNTRuA" name="GettyImages-998813278" alt="Fourth of July Fireworks over Gatlinburg" src="https://cdn.mos.cms.futurecdn.net/KnyjHDfEJcKu3z2QLNTRuA.jpg" mos="" align="middle" fullscreen="" width="2121" height="1414" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><p>We couldn't forget about the South when it comes to top fireworks shows. Gatlinburg, Tennessee — neighbor to Dollywood and endless dinner theater shows — puts on a fun, festive and family-friendly party that lasts beyond midnight.</p><p>First, check out the <a data-analytics-id="inline-link" href="https://www.gatlinburg.com/event/4th-of-july-drone-show-%26-fireworks-finale/815/" target="_blank">free fireworks show</a> that begins at 9:50 p.m. that also includes a stunning drone presentation. Then, if you're up to staying out late, celebrate at the legendary <a data-analytics-id="inline-link" href="https://www.gatlinburg.com/event/annual-4th-of-july-midnight-parade/35/" target="_blank">midnight parade</a> that's been going on for over 50 years in downtown Gatlinburg. This year, country star Logan Crosby will be the grand marshal.</p><h3 class="article-body__section" id="section-related-content"><span>related content</span></h3><ul><li><a href="https://www.kiplinger.com/personal-finance/travel/best-and-worst-states-to-visit-on-your-road-trip-this-summer">A Guide to the Best and Worst States to Visit on Your Road Trip This Summer</a></li><li><a href="https://www.kiplinger.com/personal-finance/food/james-beard-award-winning-restaurants-worth-traveling-for">Taste the Nation: Five James Beard Award–Winning Restaurants Worth Traveling For</a></li><li><a href="https://www.kiplinger.com/personal-finance/travel/7-rules-frequent-flyers-swear-by">Seven Rules Frequent Flyers Swear By</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/personal-finance/travel/where-to-watch-fourth-of-july-fireworks</link> <description> <![CDATA[ From Boston to San Diego, these iconic celebrations light up the sky — and the spirit of Independence Day. ]]> </description> <guid isPermaLink="false">E7YBHYdsYti4f4KSsAcyTB</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/dtjsf3V9rzHtKYJFqVFJqY.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Sat, 28 Jun 2025 10:00:00 +0000</pubDate> <category><![CDATA[Travel]]></category> <category><![CDATA[Personal Finance]]></category> <category><![CDATA[Spending]]></category> <category><![CDATA[Leisure]]></category> <dc:creator><![CDATA[ Brittany Leitner ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/dtjsf3V9rzHtKYJFqVFJqY.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[Image of Colorful fireworks in major festival.]]></media:text> <media:title type="plain"><![CDATA[Image of Colorful fireworks in major festival.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/dtjsf3V9rzHtKYJFqVFJqY-1200-80.jpg" /> </item> <item> <title><![CDATA[ Hiring a Financial Adviser: 10 Questions to Ask ]]></title> <dc:content><![CDATA[ <p>Hiring a financial adviser is a key way to manage your retirement nest egg with less stress. Many people get overwhelmed when tackling <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-plans/checklist-for-retirement-planning">retirement planning</a>. Even those with big paychecks and a Wall Street education often <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/how-to-find-a-financial-adviser-for-retirement-planning">seek a financial adviser</a> to help them.</p><p>It’s a smart thing to do. You leave the investing work to experts. That gives you time and confidence to focus on important things like family and career. However, deciding which adviser to pick is a big deal. They will be looking after your financial nest egg. You will need to know a lot of things about them before deciding who to choose.</p><p>Different types of advisers have different credentials. Any financial adviser selling or recommending certain securities must pass <a data-analytics-id="inline-link" href="https://www.finra.org/" target="_blank">Financial Industry Regulatory Authority</a> exams and may need to register with federal and state regulators.</p><p><strong>Certified Financial Planners (CFPs)</strong> must have a bachelor's degree, gain experience in the industry and pass tough exams, which had a failure rate of 38% last year.</p><p><strong>Chartered Financial Analysts (CFAs)</strong> are seen as having the most rigorous credentials. CFAs are most commonly held by people running investment funds. In 2024 only around 20% passed the three exams required to get the credential.</p><p>No matter what type of adviser you choose, you should ask probing questions, much as you would a candidate in a job interview. Be skeptical, but not cynical. Don’t be shy. The adviser is not doing you a favor. They are getting paid on your behalf, cautions <a data-analytics-id="inline-link" href="https://www.stuyvesantcapital.com/team" target="_blank">Vincent Catalano</a>, chief markets strategist at <a data-analytics-id="inline-link" href="https://www.stuyvesantcapital.com/" target="_blank">Stuyvesant Capital Management</a>. “Try to see who this person really is and is this a good fit for you,” he says. “Never forget it’s your money and you are hiring someone to do work on your behalf.”</p><p>Here are the questions that financial experts say you should ask.</p><h2 id="1-does-the-adviser-s-company-have-a-fiduciary-responsibility-2">1. Does the adviser’s company have a fiduciary responsibility?</h2><p>A fiduciary is legally bound to put the best interests of the client above their own. “That means the investments made have to be suitable for the client,” says <a data-analytics-id="inline-link" href="https://www.sagespring.com/corporate-team/#winston" target="_blank">Winston Justice</a>, CEO of <a data-analytics-id="inline-link" href="https://www.sagespring.com/" target="_blank">Sage Spring Private Wealth</a>. That means highly risky investments, such as wildcat oil-drilling stocks, will likely not be suitable or in the interests of someone relying on dividend income. Fiduciaries need to pass a series of tests to gain that status, he says.</p><h2 id="2-how-is-the-adviser-compensated-2">2. How is the adviser compensated?</h2><p>“People respond to incentives,” says <a data-analytics-id="inline-link" href="https://premierpath.com/team/brian-glenn/" target="_blank">Brian Glenn</a>, chief investment officer, private wealth adviser at <a data-analytics-id="inline-link" href="https://premierpath.com/" target="_blank">Premier Path Wealth Partners</a>. “If you are paid more to do one thing rather than another.”</p><p>Some advisers get paid perfectly legal kickbacks for selling their clients certain mutual funds, Glenn says. These are part of 12b1 fees, which cover the cost of marketing for <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/mutual-funds/what-is-a-mutual-fund">mutual fund</a> companies.</p><p>Other forms of pay often come down to a fixed fee related to the value of the assets under management or trading commissions. Justice says the compensation question is an “uncomfortable question to ask.” But it’s necessary to get a more transparent understanding.</p><h2 id="3-how-often-does-the-adviser-expect-to-meet-with-you-2">3. How often does the adviser expect to meet with you?</h2><p>“You should go for annual meetings, at a minimum,” says <a data-analytics-id="inline-link" href="https://www.boyerfinancialgroup.com/Drew-Boyer">Drew Boyer</a>, a certified financial planner at <a data-analytics-id="inline-link" href="https://www.boyerfinancialgroup.com/" target="_blank">Boyer Financial Group</a> in Columbus, Ohio.</p><p>“If someone is unwilling to do that it might be that they have too many clients,” says Boyer. “I offer up quarterly meetings. I want clients to know that we are available.”</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><h2 id="4-how-many-clients-does-the-adviser-serve-2">4. How many clients does the adviser serve?</h2><p>“If the adviser is spread so thin, then maybe you won’t get the service you need,” Boyer says. “You can’t be a one-man bank and take care of too many people.”</p><p>“Most financial advisers probably serve 200 to 300 clients,” Boyer says. “It depends on if there is an assistant or junior adviser.” More than that could mean you don’t get the attention and care you pay for.</p><h2 id="5-what-experience-does-the-adviser-have-2">5. What experience does the adviser have?</h2><p>This will tell you whether you are talking to a rookie. You want an adviser who knows how to handle a rough market.</p><p>Rule of thumb: At least 10,000 hours on the job — that’s about five years. “That’s a good amount of time and they will have seen enough market twists and turns,” says Boyer.</p><p>You can do your own checking via the <a data-analytics-id="inline-link" href="https://adviserinfo.sec.gov/" target="_blank">Securities and Exchange Commission Investment Adviser Public Disclosure</a> website. It has employment records and details of disciplinary actions.</p><h2 id="6-check-out-what-car-the-adviser-drives-2">6. Check out what car the adviser drives.</h2><p>Hope that Lamborghini in the parking lot belongs to the doctor next door, not your adviser. A car can indicate how the adviser deals with his or her own money, and that will influence how they will approach managing your investments. “Clients don’t want to see you driving sports cars,” says <a data-analytics-id="inline-link" href="https://realinvestmentadvice.com/about/your-team/richardrosso/" target="_blank">Richard Rosso,</a> director of financial planning at <a data-analytics-id="inline-link" href="https://realinvestmentadvice.com/" target="_blank">Real Investment Advice</a>. “I manage myself frugally… I drive a Toyota hybrid. It lasts forever, and it’s safe.”</p><h2 id="7-look-at-what-s-on-the-adviser-s-bookshelf-and-ask-what-publications-they-read-2">7. Look at what’s on the adviser's bookshelf and ask what publications they read.</h2><p>The question really asks the adviser something simple: “Are they set in their ways while the world changes around them or are they staying up to date with new trends?” says Rosso.</p><p>The financial world is changing fast and will continue to do so. New technology like <a data-analytics-id="inline-link" href="https://www.kiplinger.com/business/what-is-ai-artificial-intelligence-101">artificial intelligence</a> is here to stay, and you want an adviser who knows how to use it for your benefit.</p><h2 id="8-who-owns-the-firm-2">8. Who owns the firm?</h2><p>What you’re looking for here is how many layers of management there are and how close top managers are to a client, says Premiere Path’s Glenn. “An adviser in a big firm may have many bosses and shareholders up the chain.”</p><p>Too many layers could mean the owners aren’t likely to be on the front line. They may get detached from customer needs. Smaller firms might not have big names but it’s more likely that the owners will be hands-on with clients.</p><h2 id="9-what-is-the-adviser-s-first-experience-with-money-2">9. What is the adviser's first experience with money?</h2><p>It’s kind of a marriage, and you want to understand whether the adviser is philosophically aligned with you — sort of like asking about children before you tie the knot.</p><p>“It can sometimes throw advisers off,” Rosso says. But that can be good because you’ll learn much more about the adviser and whether they will be a good fit.</p><h2 id="10-what-does-the-adviser-say-about-his-or-her-personal-finances-2">10. What does the adviser say about his or her personal finances?</h2><p>Not all advisers will want you poking into their personal finances. “Some advisers will say ‘How dare you!’” Rosso says. Such a reaction might not be expected, but it is a reasonable question because, like the car, it will tell you a lot about that person. The response may indicate the adviser is more focused on their own status than putting a potential client at ease.</p><p>Of course no one likes to talk about their own finances, so reluctance to answer shouldn’t necessarily be a deal-breaker. But any insight into how the adviser handles his or her own finances is valuable.</p><p><em>Note: This item first appeared in Kiplinger Retirement Report, our popular monthly periodical that covers key concerns of affluent older Americans who are retired or preparing for retirement. </em><a data-analytics-id="inline-link" href="https://subscribe.kiplinger.com/pubs/KE/KRP/KRP_3995_7495.jsp?cds_page_id=260978&cds_mag_code=KRP&id=1713297743106&lsid=41071501187034946&vid=2&cds_response_key=I2ZRZ00Z"><u><em>Subscribe for retirement advice</em></u></a><em> that’s right on the money.</em></p><h3 class="article-body__section" id="section-related-content"><span>Related content</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/how-savvy-is-your-financial-adviser-ways-to-find-out">How Savvy Is Your Financial Adviser? Three Ways to Find Out</a></li><li><a href="https://www.kiplinger.com/personal-finance/how-to-change-financial-advisers">How to Change Financial Advisers</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/600895/retirement-savings-calculator">Retirement Calculator: How Much Do I Need to Retire?</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/the-rule-of-240-paychecks-in-retirement">The Rule of 240 Paychecks in Retirement</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/retirement/hiring-a-financial-adviser-questions-to-ask</link> <description> <![CDATA[ When hiring a financial adviser, ask these 10 questions to weed out the duds and find the right person to manage your nest egg. After all, you're the boss. ]]> </description> <guid isPermaLink="false">kzHTrWnjfyhxwFpNmt9iQM</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/sshu9r6drs5CYfNHZDwmTB.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Sat, 28 Jun 2025 09:46:00 +0000</pubDate> <category><![CDATA[Retirement]]></category> <category><![CDATA[Retirement Planning]]></category> <dc:creator><![CDATA[ Simon Constable ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/sshu9r6drs5CYfNHZDwmTB.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[A line of business people or prospective financial advisers waiting outside.]]></media:text> <media:title type="plain"><![CDATA[A line of business people or prospective financial advisers waiting outside.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/sshu9r6drs5CYfNHZDwmTB-1200-80.jpg" /> </item> <item> <title><![CDATA[ Your Home + Your IRA = Your Long-Term Care Solution ]]></title> <dc:content><![CDATA[ <p>If you want to retire with minimum money worries, you have a few options: Marry really well, pick the Powerball along with the other winning lottery numbers or consider a personalized retirement plan that produces high levels of income while maintaining and growing liquid savings late into retirement.</p><p>Most retirees need to solve for a couple of problems. They want lifetime income to cover their budget, including the occasional splurge, and a way to pay for the real likelihood of <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/long-term-care/how-to-pay-for-long-term-care">long-term care</a>, which 70% of us will face. We’ll cover that in more detail below.</p><p><em>The Kiplinger Building Wealth program handpicks financial advisers and business owners from around the world to share retirement, estate planning and tax strategies to preserve and grow your wealth. These experts, who never pay for inclusion on the site, include professional wealth managers, fiduciary financial planners, CPAs and lawyers. Most of them have certifications including CFP®, ChFC®, IAR, AIF®, CDFA® and more, and their stellar records can be checked through the </em><a data-analytics-id="inline-link" href="https://adviserinfo.sec.gov/" target="_blank"><em>SEC</em></a><em> or </em><a data-analytics-id="inline-link" href="https://brokercheck.finra.org/" target="_blank"><em>FINRA</em></a><em>.</em></p><h2 id="a-plan-that-addresses-both-income-and-savings-2">A plan that addresses both income and savings</h2><p>I wrote about how that personalized IRA4Income plan I mentioned above works, in my article <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/what-if-you-could-increase-your-retirement-income">What If You Could Increase Your Retirement Income by 50% to 75%?</a>, and here’s a quick description:</p><p>IRA4Income is a multi-asset class retirement plan that addresses both income and savings. It will smooth out the effects of market gyrations and unplanned expenses, but for this article, let’s focus on long-term care expense.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><p>Using our Go2Income planning technology, we’ve put the following assets together into IRA4Income:</p><ul><li>An IRA account invested 50/50 in fixed income and stock investments</li><li>Lifetime income annuities with income starting immediately or in the future</li><li>A home equity conversion mortgage (HECM) that generates income and liquidity</li></ul><p>This will become important when we need to cover LTC expenses.</p><h2 id="how-big-of-an-issue-is-long-term-care-2">How big of an issue is long-term care?</h2><p>More than two-thirds of retirees will incur an event requiring some form of long-term care.</p><p>Here are the <em>median</em> annual costs in 2025, depending on the type of care, according to <a data-analytics-id="inline-link" href="https://www.carescout.com/cost-of-care" target="_blank">CareScout and Genworth</a>:</p><ul><li><strong>Home health aide (44 hours a week):</strong> $80,000</li><li><strong>Assisted living facility:</strong> $73,000</li><li><strong>Semiprivate nursing home:</strong> $115,000</li><li><strong>Private room in a nursing home:</strong> $132,000</li></ul><p>These costs will vary considerably by region. Here’s a projection of <em>average</em> costs considering the duration of a stay for a man, a woman and a couple.</p><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:773px;"><p class="vanilla-image-block" style="padding-top:26.78%;"><img id="wytoZYSTESmsYRw2m6XS8L" name="Jerry Golden projected long-term care costs graphic" alt="Projected long-term care costs" src="https://cdn.mos.cms.futurecdn.net/wytoZYSTESmsYRw2m6XS8L.jpg" mos="" align="middle" fullscreen="" width="773" height="207" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Courtesy of Jerry Golden)</span></figcaption></figure><p>For the purposes of the analysis below, we’ll assume $100,000 per year for five years, for a total of $500,000.</p><h2 id="how-does-a-retiree-address-this-challenge-2">How does a retiree address this challenge?</h2><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/long-term-care-insurance/things-you-should-know-about-long-term-care-insurance">Long-term care insurance</a> is one solution. However, many don’t qualify or balk at the annual cost, which averages $2,000 to $4,500 per person and usually increases every year.</p><p>There often are sizable deductibles, and premium rates are not guaranteed.</p><p>Despite these issues, it is worth considering, particularly if you can cover a large portion of the event (deductibles) with your liquid savings.</p><p>Another possible solution is to use your liquid retirement savings exclusively, provided it doesn’t have an adverse impact on your <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/ways-to-generate-retirement-income">retirement income</a>. That’s where IRA4Income comes in.</p><p>For a sample male retiree, age 65, with <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/tax-planning-strategies-if-you-have-a-million-dollars">$1 million in IRA savings</a> and $1 million in the value of his house, here are the income and liquid savings with no adjustment for LTC costs.</p><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:1211px;"><p class="vanilla-image-block" style="padding-top:28.24%;"><img id="ubzPEE998kkxVgjC2cWN8L" name="Jerry Golden graphic 6.28.25" alt="Sources of income and liquid savings." src="https://cdn.mos.cms.futurecdn.net/ubzPEE998kkxVgjC2cWN8L.jpg" mos="" align="middle" fullscreen="" width="1211" height="342" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Courtesy of Jerry Golden)</span></figcaption></figure><p>Looks pretty good. However, that $500,000 event could come at any time.</p><h2 id="how-to-build-a-self-insured-plan-2">How to build a self-insured plan</h2><p>We’ll assume in this example that our retiree doesn’t have LTC insurance. (<a data-analytics-id="inline-link" href="https://www.kff.org/health-costs/poll-finding/the-affordability-of-long-term-care-and-support-services/">According to KFF</a>, only 14% of people who are 65 and older do.) So, let’s build a self-insured plan around IRA4Income as follows.</p><ul><li>Set aside a portion of higher income from IRA4Income each year into a new investment account with low income taxes. In our retiree’s case, he’ll take $5,000 per year out of his $75,000 (and growing) income each year.</li><li>When LTC costs appear, withdraw funds from the IRA account first. Since the bulk of the LTC expenses are tax-deductible in his situation, he’s not incurring a large tax bite on these withdrawals.</li><li>Take a portion of the costs out of the new investment account and avoid drawing down on the HECM net line of credit, therefore preserving the highest value of his house to pass to his kids.</li></ul><p>Now compare this to building a plan with only an IRA account, allocated solely to investments. Here’s what the savings under these two strategies look like.</p><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:3145px;"><p class="vanilla-image-block" style="padding-top:55.42%;"><img id="xLBgT8rYuBVZnPszzjWzCL" name="Jerry Golden graphic 2 6.28.25" alt="Breakdown of long-term care savings and costs." src="https://cdn.mos.cms.futurecdn.net/xLBgT8rYuBVZnPszzjWzCL.jpg" mos="" align="middle" fullscreen="" width="3145" height="1743" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Courtesy of Jerry Golden)</span></figcaption></figure><p>In this scenario, the savings run out under the IRA-only strategy, and our retiree will have to sell his house or spend down the assets to qualify for Medicaid to pay for his long-term care.</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Building Wealth</strong></em></a><em><strong>, our free, twice-weekly newsletter.</strong></em></p><h2 id="how-to-get-started-2">How to get started</h2><p>Here’s a list:</p><ul><li>Check out LTC insurance. The earlier you buy it, the lower the premiums, although the insurance companies are allowed to increase premiums every year. An IRA4Income plan, with its higher income and savings, means your policy can have a large deductible.</li><li>Get an estimate of costs in your region. The cost of services varies significantly, with the Northeast and West Coast being the most expensive. Insurers price policies based partly on expected future claims, so regions with higher caregiving costs lead to higher premiums.</li><li>When building your own IRA4Income approach, request a plan that considers LTC costs. You can decide which options work best for you and make further adjustments until you have a plan that fits the needs of you and your family.</li><li>Make sure your plans are communicated to family members or an adviser.</li></ul><p><em>If you’re ready to consider an IRA4Income plan, visit </em><a data-analytics-id="inline-link" href="https://lp.go2income.com/?ref=kb53" target="_blank"><em>Go2Income</em></a><em> and create your own plan.</em></p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/retirement-planning/what-if-you-could-increase-your-retirement-income">What if You Could Increase Your Retirement Income by 50% to 75%? Here's How</a></li><li><a href="https://www.kiplinger.com/real-estate/reverse-mortgages/combine-hecm-with-a-qlac-for-retirement-security">What the HECM? Combine It With a QLAC and See What Happens</a></li><li><a href="https://www.kiplinger.com/retirement/transform-your-retirement-plan-with-hecm-and-qlac">Transform Your Retirement Plan With This Powerful Combo</a></li><li><a href="https://www.kiplinger.com/retirement/combining-home-equity-and-ira-can-supercharge-retirement">How Combining Your Home Equity and IRA Can Supercharge Your Retirement</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-how-your-home-can-fill-gaps-in-your-plan">How Your Home Can Fill Gaps in Your Retirement Plan</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content> <link>https://www.kiplinger.com/retirement/retirement-planning/your-home-plus-your-ira-equals-your-long-term-care-solution</link> <description> <![CDATA[ If you're worried that long-term care costs will drain your retirement savings, consider a personalized retirement plan that could solve your problem. ]]> </description> <guid isPermaLink="false">6PvJk4hqCfygCwDT9pdZd9</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/yGZ96GmRZeTp8o5EE2E2WX.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Sat, 28 Jun 2025 09:40:00 +0000</pubDate> <category><![CDATA[Retirement Planning]]></category> <category><![CDATA[Wealth Creation]]></category> <category><![CDATA[Home Equity Loans]]></category> <category><![CDATA[Reverse Mortgages]]></category> <category><![CDATA[Long-term Care]]></category> <category><![CDATA[Tax Planning]]></category> <category><![CDATA[Retirement]]></category> <category><![CDATA[Investing]]></category> <category><![CDATA[Wealth Management]]></category> <category><![CDATA[Personal Finance]]></category> <category><![CDATA[Credit & Debt]]></category> <category><![CDATA[Loans]]></category> <category><![CDATA[Real Estate]]></category> <category><![CDATA[Taxes]]></category> <dc:creator><![CDATA[ Jerry Golden, Investment Adviser Representative ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/yGZ96GmRZeTp8o5EE2E2WX.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[A piggy bank inside the frame of a house against a purple background.]]></media:text> <media:title type="plain"><![CDATA[A piggy bank inside the frame of a house against a purple background.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/yGZ96GmRZeTp8o5EE2E2WX-1200-80.jpg" /> </item> <item> <title><![CDATA[ I'm a Financial Planner: Retirees Should Never Do These Four Things in a Recession ]]></title> <dc:content><![CDATA[ <p>Fortunately, in the past couple of months, as President Trump has gone <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/whats-happening-with-trump-tariffs">back and forth on tariffs</a>, major banks have brought down their odds of a recession. Though, if we learned anything in 2023, it’s that no one can predict a recession.</p><p>So, consider this a list of things retirees shouldn’t do in any <a data-analytics-id="inline-link" href="https://www.kiplinger.com/slideshow/investing/t038-s001-recessions-10-facts-you-must-know/index.html">recession</a>, not just the one that may or may not be coming this year.</p><h2 id="1-do-not-keep-less-cash-than-usual-2">1. Do not keep less cash than usual</h2><p>Bob and Sue just retired. They started working with us about a year prior to retirement. On the day they retired, they had a year’s worth of expenses <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/savings/where-to-store-your-cash-in-2025">in cash</a>, plus 24 months of one-time expenses.</p><p><em>The Kiplinger Building Wealth program handpicks financial advisers and business owners from around the world to share retirement, estate planning and tax strategies to preserve and grow your wealth. These experts, who never pay for inclusion on the site, include professional wealth managers, fiduciary financial planners, CPAs and lawyers. Most of them have certifications including CFP®, ChFC®, IAR, AIF®, CDFA® and more, and their stellar records can be checked through the </em><a data-analytics-id="inline-link" href="https://adviserinfo.sec.gov/" target="_blank"><em>SEC</em></a><em> or </em><a data-analytics-id="inline-link" href="https://brokercheck.finra.org/" target="_blank"><em>FINRA</em></a><em>.</em></p><p>They have a $20,000 <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/home-improvement">home improvement</a> planned upon Bob’s retirement and a $25,000-per-year <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/travel-in-retirement-budgeting-tips">travel budget</a>. Their monthly expenses are $10,000.</p><p>Their cash target is $165,000. It may seem like a lot, but it allows them to maintain their lifestyle and hopefully wait out a market dip early in retirement.</p><p>When the economy experiences a downturn, the Fed often <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/what-fed-interest-rates-mean-for-savings">cuts interest rates</a> to spur investment. The downside to this is that the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/savings/where-to-store-your-cash-in-2025">cash-like investments</a> Bob and Sue are using to hold the $165,000 are not paying what they were last month.</p><p>That’s OK. If you are in a situation like Bob and Sue, the sleep you’ll lose is likely not worth the money you may or may not make moving the money around.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><h2 id="2-do-not-abandon-your-investment-strategy-2">2. Do not abandon your investment strategy</h2><p>As Bob and Sue got within a few years of retirement, they changed their investment strategy as part of their <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/critical-components-of-a-financial-plan-for-retirees">long-term financial plan</a>. For retirees, we prefer a dynamic <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/asset-allocation-guide">asset allocation</a> that systematically increases or decreases exposure, based on market movements.</p><p>So, as markets moved down earlier this year, we slightly reduced our stock exposure.</p><p>The worst thing Bob or Sue could do is to override this or any disciplined system that’s in place. Not because they’re wrong. They could perfectly call the top. Unlikely, but possible. To perfectly call the top and the bottom, impossible.</p><p>Every retiree has a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/math-lesson-in-rates-of-return">rate a return</a> that’s necessary to maintain their lifestyle in retirement. Along with that, they have a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/risk-in-retirement-what-level-works-for-you">risk tolerance</a>, which dictates how much downside they’re willing to stomach before they pull the seat-eject.</p><p>Your portfolio should reflect these two things and should not swing dramatically based on prognostications about what the market will do this year.</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Building Wealth</strong></em></a><em><strong>, our free, twice-weekly newsletter.</strong></em></p><p>Financial planning software can also tell you whether you’re still going to be OK, even if the markets are down and you’ve lost a lot of money. If you’re interested you could try <a data-analytics-id="inline-link" href="https://app.rightcapital.com/account/sign-up?referral=ddhr8hUQaKk6JoglVAf9Tg&type=client" target="_blank">a free version</a> of the planning software we use.</p><h2 id="3-do-not-attempt-to-buy-the-dip-2">3. Do not attempt to buy the dip</h2><p>We have not had a prolonged recession since 2008. That’s one reason buying the dip has worked so well over the last 15 years.</p><p>Fortunately for me, this strategy appeals more to Bob and Sue’s kids than it does to them. It makes my job easier, because Bob and Sue aren’t investing with a short-term, bargain-hunting frame of mind.</p><p>The challenge for those looking to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/investing/t052-c016-s002-stocks-when-it-makes-sense-to-buy-the-dip.html">buy the dip</a> is determining what constitutes a dip. If you buy when the market drops 10%, you still bought at a relative high if it falls an additional 20%.</p><p>Lastly, markets often move six to12 months in advance of the economy. So, by the time you find out you’re in a recession, the dip is probably over.</p><h2 id="4-finally-do-not-skip-the-trip-2">4. Finally, do not skip the trip</h2><p>This one may come as a surprise, but I’m not going to call Bob and Sue and tell them to skip their big trip to Italy because the market is down. This is one of the reasons we advise keeping two years of one-time expenses on the sidelines.</p><p>One of the benefits of having a retired client base is the wisdom they share with me and other clients. If you speak to those who have lost mobility as they’ve gotten older, their <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/biggest-regrets-seen-by-financial-planner">biggest regrets</a> are often what they didn’t do or didn’t see.</p><p>Skipping the trip in a bad economy is a badge of honor only if you couldn’t afford it in the first place.</p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/retirement-planning/retired-and-worried-about-a-recession-ways-to-prepare">Retired and Worried About a Recession? Six Ways to Prepare</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/you-cashed-out-close-to-retirement-how-to-get-back-in">You're Close to Retirement and Cashed Out: How Do You Get Back In?</a></li><li><a href="https://www.kiplinger.com/retirement/when-diy-investors-should-talk-to-a-financial-adviser">Four Times DIY Investors Should Talk to a Financial Adviser</a></li><li><a href="https://www.kiplinger.com/retirement/within-five-years-of-retirement-things-to-do-now">Within Five Years of Retirement? Five Things to Do Now</a></li><li><a href="https://www.kiplinger.com/retirement/how-much-money-is-enough-to-be-happy">How Much Money Is Enough to Be Happy? Can You Have Too Much?</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content> <link>https://www.kiplinger.com/retirement/retirees-should-never-do-this-in-a-recession</link> <description> <![CDATA[ Recessions are scary business, especially for retirees. They can scare even the most prepared folks into making bad moves — like these. ]]> </description> <guid isPermaLink="false">BKFZ84P2cBgbHuBhhACwmX</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/gGgG4oUJFknugM9PjuXVSM.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Sat, 28 Jun 2025 09:35:00 +0000</pubDate> <category><![CDATA[Retirement]]></category> <category><![CDATA[Wealth Creation]]></category> <category><![CDATA[Investing]]></category> <category><![CDATA[Wealth Management]]></category> <author><![CDATA[ EBeach@exit59advisory.com (Evan T. Beach, CFP®, AWMA®) ]]></author> <dc:creator><![CDATA[ Evan T. Beach, CFP®, AWMA® ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/gGgG4oUJFknugM9PjuXVSM.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[An older woman looks very stern with a "don't do it" expression.]]></media:text> <media:title type="plain"><![CDATA[An older woman looks very stern with a "don't do it" expression.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/gGgG4oUJFknugM9PjuXVSM-1200-80.jpg" /> </item> <item> <title><![CDATA[ A Retirement Planner's Advice for Taking the Guesswork Out of Income Planning ]]></title> <dc:content><![CDATA[ <p>How much will you need to retire? It’s one of the most common questions people ask as they start thinking about life after work.</p><p>Most of us are taught to chase a “<a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/magic-number-to-retire-comfortably">magic number</a>.” Maybe it’s $1 million. Maybe it’s $2 million. Maybe it’s whatever matches your current salary.</p><p>But a successful retirement depends on more than just how much you’ve saved. What matters most is how you turn those savings into steady, reliable income that can support your lifestyle for decades to come.</p><p><em>The Kiplinger Building Wealth program handpicks financial advisers and business owners from around the world to share retirement, estate planning and tax strategies to preserve and grow your wealth. These experts, who never pay for inclusion on the site, include professional wealth managers, fiduciary financial planners, CPAs and lawyers. Most of them have certifications including CFP®, ChFC®, IAR, AIF®, CDFA® and more, and their stellar records can be checked through the </em><a data-analytics-id="inline-link" href="https://adviserinfo.sec.gov/" target="_blank"><em>SEC</em></a><em> or </em><a data-analytics-id="inline-link" href="https://brokercheck.finra.org/" target="_blank"><em>FINRA</em></a><em>.</em></p><p>A well-structured income plan helps you stay on track. It shows how long your money might last, how reliably it can cover your monthly needs, and how flexible it can be when life throws something unexpected your way.</p><h2 id="income-planning-the-missing-piece-in-retirement-2">Income planning: The missing piece in retirement</h2><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/the-end-of-retirement-as-we-know-it">Retirement today</a> looks radically different than it did a generation ago. People are living 20 or even 30 years after they stop working.</p><p>Traditional pensions are becoming a thing of the past. <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/601708/social-security-basics-12-things-you-must-know-about-claiming-and">Social Security</a> may only cover a portion of your monthly expenses. And relying on market returns alone for income can leave your retirement vulnerable to forces outside your control.</p><p>Even with a sizable nest egg, you might still feel uncertain about how much you can afford to spend.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><p>That’s where income planning comes in. You want to build stability, create confidence, and give your retirement structure and direction. You might already have a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/604421/why-you-need-to-be-diversified-to-protect-your-portfolio">diversified portfolio</a>, a Social Security estimate, and even a target retirement date.</p><p>However, without an income strategy, you’re missing the part that ties it all together. Here's why income planning should be a top priority.</p><p><strong>You need consistency, not guesswork </strong></p><p>Markets naturally rise and fall. <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/interest-rates">Interest rates</a> often change. Your bills don’t go anywhere. In fact, they will probably become more expensive. A strong income plan shows where your money will come from and when, helping create dependable monthly cash flow that isn’t tied to market swings.</p><p><strong>Withdrawals without a strategy can backfire</strong></p><p>Pulling money from your accounts without a plan can lead to real damage. For instance, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/this-stock-market-risk-could-shrink-your-retirement-nest-egg">withdrawing too much during a down market</a> can shrink your portfolio faster than expected. A coordinated strategy helps you choose the right accounts at the right time and helps manage the tax impact along the way.</p><p><strong>Not just more income, but smarter income</strong></p><p>The goal isn’t necessarily to generate more money but rather to make your income work more efficiently. Timing Social Security, taking strategic Roth withdrawals, or using annuities or dividend income in the right way can reduce your tax burden and help your savings go further.</p><h2 id="turning-savings-into-income-2">Turning savings into income</h2><p>Creating steady income in retirement means thinking strategically about how and when to use different sources of money. Having a variety of tools is a great start.</p><p>However, you also have to use them in the right way at the right time to balance stability, growth and tax efficiency. Take a look at a few smart strategies to consider when building your income plan.</p><p><strong>Layer income based on needs</strong></p><p>Start by separating your essential expenses (housing, food, insurance, healthcare) from your discretionary expenses (travel, entertainment, hobbies). Cover your essential expenses with more reliable income sources such as these:</p><ul><li>Social Security</li><li>Pension income (if available)</li><li>Annuities with guaranteed lifetime payments</li><li>Laddered bonds or CDs</li></ul><p>For discretionary spending, you may be more comfortable drawing from investments that can fluctuate in value, such as dividend-paying stocks or growth-focused portfolios.</p><p><strong>Manage timing and risk with a bucket strategy</strong></p><p>Try grouping your retirement savings into three buckets.</p><ul><li><strong>Short-term bucket (0-2 years):</strong> Cash and highly liquid assets for near-term income</li><li><strong>Midterm bucket (2-7 years):</strong> Bonds or conservative investments that replenish your short-term bucket</li><li><strong>Long-term bucket (7-plus years):</strong> Growth-oriented investments that can outpace inflation over time</li></ul><p>As you spend from the short-term bucket, refill it with assets from the mid-term bucket to avoid selling long-term investments during a downturn.</p><p>At the same time, allow your long-term bucket to stay invested and focused on growth. This strategy creates a natural flow of income, keeps your portfolio aligned with your time horizon, and helps reduce the risk of making emotionally driven decisions during volatile markets.</p><p><strong>Time withdrawals to reduce taxes</strong></p><p>Coordinating your withdrawals across different account types, such as Roth accounts, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-plans/iras">traditional IRAs</a> and taxable investment accounts, can make a big difference in how much you pay in taxes over the course of retirement.</p><p>One approach is to draw from taxable accounts early on, which can help keep you in a lower tax bracket during the first few years. Later, you can use Roth withdrawals strategically to avoid pushing yourself into a higher bracket or triggering higher Medicare premiums.</p><p>It’s also important to be proactive about required minimum distributions <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-plans/required-minimum-distributions-rmds/602350/rmd-basics-12-things-you">(RMDs)</a>. Waiting too long can result in a larger-than-necessary tax bill and fewer options for managing your income in a tax-efficient way.</p><p><strong>Use annuities to fill income gaps</strong></p><p><strong></strong><a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/annuities-what-they-are-and-how-they-work">Annuities</a> can help provide predictable monthly income, especially if you’re concerned about outliving your savings. But they work best when filling specific gaps, not to replace your entire income strategy. Consider fixed or income annuities with inflation protection or survivor benefits if you’re married.</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Building Wealth</strong></em></a><em><strong>, our free, twice-weekly newsletter.</strong></em></p><p><strong>Don’t rely too heavily on market-based income</strong></p><p><strong></strong><a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/dividend-stocks">Dividend-paying stocks</a> and growth funds may offer long-term income and appreciation, but they also carry risk. You can balance them with more stable options like bond ladders or structured payouts to help smooth out the ups and downs.</p><h2 id="mistakes-to-avoid-2">Mistakes to avoid</h2><p>Even with a healthy nest egg and years of disciplined saving, retirement can bring unexpected financial challenges. Without a clear income strategy, it’s easy to fall into patterns that chip away at your financial security over time.</p><p>The good news is that many of the most common missteps are preventable — if you know what to look out for. Take a look at these key mistakes that can derail even the most well-funded retirement.</p><p><strong>Ignoring inflation</strong></p><p>What feels like enough income today may not keep up with rising costs down the road. <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/inflation">Inflation</a> may seem small year to year, but over two or three decades it can have a major impact on your purchasing power.</p><p><strong>Underestimating longevity</strong></p><p>Many people plan for 20 years of retirement, but it’s not uncommon to live 30 or more. <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/longevity-the-retirement-problem-no-one-is-discussing">Planning for a longer timeline</a> helps ensure your income doesn’t run out before you do.</p><p><strong>Spending too much too soon</strong></p><p>Without clear guidelines or a withdrawal strategy, it’s easy to draw too much from your savings in the early years of retirement. This can put long-term income sustainability at risk.</p><p><strong>Waiting too long to plan</strong></p><p>Income planning isn’t something to save for your retirement party. Ideally, it should begin five to 10 years before you stop working, while you still have time to adjust your investment mix, reduce taxes and build flexibility into your future income.</p><h2 id="the-bottom-line-2">The bottom line</h2><p>Retirement isn’t about crossing a finish line. Think of retirement instead as a new phase of life, one that could last almost as long as your career did.</p><p>You need a clear strategy that supports your lifestyle, covers your needs and keeps you financially confident for the long haul.</p><p>If you’re five to 10 years from retirement, now is the time to start asking the right questions. Where will your income come from each month? How much can you safely spend? Will it last as long as you need it to?</p><p>The sooner you find those answers, the better positioned you’ll be to turn your retirement savings into lasting financial independence and enjoy the freedom that comes with it.</p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/social-security/minimum-savings-to-retire-by-state">The Minimum Savings You Need To Retire in All 50 States</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-income-strategies-for-the-long-haul">Retirement Income Strategies for the Long Haul</a></li><li><a href="https://www.kiplinger.com/retirement/how-to-secure-your-retirement-paycheck">Secure Your Retirement Paycheck: The Power of Three Bucket</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/604705/retirement-income-shouldnt-depend-on-the-market-it-should">Your Retirement Income Should Depend on Math, Not the Market</a></li><li><a href="https://www.kiplinger.com/taxes/how-retirement-income-is-taxed">How the IRS Taxes Retirement Income</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content> <link>https://www.kiplinger.com/retirement/retirement-planning/how-to-take-the-guesswork-out-of-income-planning</link> <description> <![CDATA[ Once you've saved for retirement, you'll need your nest egg to support you for as many as 30 years. For that, you need a clear income strategy, not guesswork. ]]> </description> <guid isPermaLink="false">75eS3NDFohnBUTtSL7spkM</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/eu9XmuEuPxdA3J9JUaEqRM.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Sat, 28 Jun 2025 09:30:00 +0000</pubDate> <category><![CDATA[Retirement Planning]]></category> <category><![CDATA[Wealth Creation]]></category> <category><![CDATA[Tax Planning]]></category> <category><![CDATA[Social Security]]></category> <category><![CDATA[Retirement]]></category> <category><![CDATA[Investing]]></category> <category><![CDATA[Wealth Management]]></category> <category><![CDATA[Taxes]]></category> <author><![CDATA[ dwright@wrightchoicefg.com (Doug Wright, CRPC®) ]]></author> <dc:creator><![CDATA[ Doug Wright, CRPC® ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/eu9XmuEuPxdA3J9JUaEqRM.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[Three upside-down metal cups lined up next to a small red ball.]]></media:text> <media:title type="plain"><![CDATA[Three upside-down metal cups lined up next to a small red ball.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/eu9XmuEuPxdA3J9JUaEqRM-1200-80.jpg" /> </item> <item> <title><![CDATA[ Last Call for Fortnite Refunds: Parents Can Still File a Claim ]]></title> <dc:content><![CDATA[ <p>Fortnite players who were charged for unwanted purchases while playing the game now have more time to file a claim for a refund.</p><p>While the Federal Trade Commission (FTC) issued the first round of Fortnite refunds in December 2024, players or their parents or guardians have until July 9 to apply for a refund.</p><h2 id="why-is-fortnite-paying-refunds-2">Why is Fortnite paying refunds?</h2><p>According to the <a data-analytics-id="inline-link" href="https://www.ftc.gov/news-events/news/press-releases/2023/03/ftc-finalizes-order-requiring-fortnite-maker-epic-games-pay-245-million-tricking-users-making" target="_blank">FTC</a>, Epic Games, maker of the Fortnite game, allegedly used dark patterns, which are design tricks intended to fool players into making unwanted in-app purchases.</p><p>The FTC states that the game setup made it easy for kids to make those in-app purchases without their parents being involved, automatically billing their parents' credit cards.</p><p>Other design issues, such as inconsistent and confusing button configuration caused players to incur unwanted charges after they pressed a single button.</p><p>Fortnite is an online multiplayer shooting game released in 2017. Players try to be the last player or team alive by eliminating other players, and they can buy such items as battle passes using V-Bucks, the game’s virtual currency.</p><p>Though V-Bucks are digital, they aren’t free. Gamers can buy V-Bucks with a credit card in the game, or they can purchase gift cards for V-Bucks. The <a data-analytics-id="inline-link" href="https://www.fortnite.com/item-shop/v-bucks?lang=en-US" target="_blank" rel="nofollow">Fortnite item shop</a> sells 1,000 V-Bucks for $8.99, so frequent unwanted purchases can quickly add up.</p><p>In March 2023, the FTC announced an order requiring Epic Games to pay $245 million in Fortnite refunds to users. The order also prohibits Epic from blocking players who disputed unauthorized charges from accessing their game accounts.</p><p>The FTC also alleges that Epic violated the <a data-analytics-id="inline-link" href="https://www.ftc.gov/legal-library/browse/rules/childrens-online-privacy-protection-rule-coppa" target="_blank">Children’s Online Privacy Protection Act Rule (COPPA)</a>. Under the COPPA rule, operators of websites directed to children under age 13 must meet certain requirements, such as how the site obtains parental consent and discloses personal information. Epic agreed to pay a separate $275 million penalty in a settlement.</p><h2 id="when-will-you-get-your-fortnite-refund-2">When will you get your Fortnite refund?</h2><p>The Epic Games refund process began in December 2024. The FTC issued 629,344 payments totaling more than $72 million. In the next round of refunds, the FTC will send 969,173 payments on June 25 and June 26.</p><p>Those refunds will include PayPal and check payments, and are sent to consumers who filed valid claims.</p><p>The FTC will send a third round of payments after the extended deadline to file a claim passes. Those payments are expected to be sent in 2026.</p><h2 id="how-to-file-a-fortnite-refund-claim-2">How to file a Fortnite refund claim</h2><p>There's still time to apply for a Fortnite refund if you or a child in your care were charged for unwanted items while playing the game, but you’ll need to act quickly. The FTC reopened the process for gamers to submit a claim, and you have until July 9, 2025, to submit your claim.</p><p>You can file a claim at <a data-analytics-id="inline-link" href="http://www.ftc.gov/fortnite" target="_blank">www.ftc.gov/fortnite</a>. The FTC states that gamers or their parents or guardians can apply for a refund if any of the following statements are true:</p><ul><li>You played Fortnite and were charged in-game currency for items you didn’t want from January 2017 to September 2022</li><li>Your child played Fortnite and made charges to your credit card without your knowledge from January 2017 to November 2018</li><li>Your Fortnite account was locked from January 2017 to September 2022 after you complained to your credit card company about wrongful charges made through the game</li></ul><p>To apply for a refund, you must be at least age 18. Gamers who aren’t yet 18 will need a parent or guardian to apply. You'll also need a claim number or your Epic Account ID.</p><p>When you apply, you can choose to receive a refund by check or PayPal. Your payment amount will depend on numerous factors, including the total number of people who file a claim.</p><p>The FTC expects to issue payments in 2026 after all claims are verified. If you have any questions about your claim or need assistance, you can call the refund administrator at 1-833-915-0880 or email <a data-analytics-id="inline-link" href="mailto:admin@fortniterefund.com">admin@fortniterefund.com</a>.</p><h2 id="tips-to-prevent-unauthorized-in-app-charges-2">Tips to prevent unauthorized in-app charges</h2><p>When you link a credit card or payment method to a game, kids can potentially make in-app purchases without your knowledge. There are several ways to prevent unauthorized purchases:</p><ul><li>Most phones and tablets have an in-app purchase setting. Check the device and turn off that setting.</li><li>Set your app store account to require a password for purchases, and keep that password private.</li><li>Turn on your credit card's purchase notifications so you're aware of any purchases.</li><li>Talk to your kids about in-app purchases, and explain that these purchases cost real money. Discuss expectations for using the app.</li></ul><p>Even with these precautions in place, it's important to carefully monitor your credit card or payment app for unauthorized purchases.</p><p>By keeping a close eye on your accounts, you can quickly identify whether a child is making unauthorized purchases.</p><p>Many credit card companies will refund unauthorized kids in-app purchases, so contact your credit card company right away if you experience an issue.</p><h3 class="article-body__section" id="section-related-content"><span>related content</span></h3><ul><li><a href="https://www.kiplinger.com/personal-finance/banking/the-425-million-capital-one-settlement-find-out-whos-eligible-for-a-payout-and-what-happened">The $425 Million Capital One 360 Savings Settlement: Who’s Eligible for a Payout and What Happened?</a></li><li><a href="https://www.kiplinger.com/real-estate/mortgages/wells-fargo-settlement-payments-have-begun">Check Your Mailbox: Wells Fargo Settlement Payments Have Begun</a></li><li><a href="https://www.kiplinger.com/personal-finance/biggest-frauds-to-watch-out-for">5 Biggest Frauds To Watch Out For</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/personal-finance/fortnite-refund-deadline-how-to-file-a-claim</link> <description> <![CDATA[ The FTC is sending $126 million in refunds to families whose kids were charged for unwanted items in Fortnite — and there’s still time to file a claim. ]]> </description> <guid isPermaLink="false">PPZKfKUQFHGoDWyJYFknED</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/559ZAL9TrnsV9DCzDeQtDJ.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Fri, 27 Jun 2025 21:38:36 +0000</pubDate> <category><![CDATA[Personal Finance]]></category> <dc:creator><![CDATA[ Paige Cerulli ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/559ZAL9TrnsV9DCzDeQtDJ.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[Man playing a video game on his computer.]]></media:text> <media:title type="plain"><![CDATA[Man playing a video game on his computer.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/559ZAL9TrnsV9DCzDeQtDJ-1200-80.jpg" /> </item> <item> <title><![CDATA[ Stock Market Today: Stocks Swing as Trump Scraps Canada Trade Talks ]]></title> <dc:content><![CDATA[ <p>Stocks opened higher Friday after mixed <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/inflation">inflation</a> data and news that the U.S. and China are making progress with trade negotiations.</p><p>However, the main benchmarks turned lower in afternoon trading after President Donald Trump said he is ending trade talks with Canada.</p><p>Ahead of the open, the <a data-analytics-id="inline-link" href="https://www.bea.gov/news/2025/personal-income-and-outlays-may-2025" target="_blank"><u>Bureau of Economic Analysis</u></a> said the Personal Consumption Expenditures (PCE) Price Index rose 0.1% from May to June. On an annual basis, headline inflation increased 2.3%. The results were in line with what economists expected.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_TZ5u6hI1_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="TZ5u6hI1"> <div id="botr_TZ5u6hI1_a7GJFMMh_div"></div> </div> </div></div><p>However, core PCE, which excludes volatile food and energy prices, was up 0.2% month over month and 2.7% year over year – quicker than anticipated.</p><p>The report also showed that consumer spending and personal income fell in May.</p><p><a data-analytics-id="inline-link" href="https://www.linkedin.com/in/michael-pearce-b580b534" target="_blank"><u>Michael Pearce</u></a>, deputy chief U.S. economist at Oxford Economics, notes that the majority of the decline in consumer spending and income can be traced back to temporary factors, such as a "drop back in auto sales following the tariff front-running" in March and April.</p><p>Still, the economist believes "the trend in parts of discretionary spending has weakened, and we expect a further slowdown in the coming months as tariffs begin to weigh on real disposable incomes."</p><p>Even with signs of a slowing economy, Pearce thinks "the upside risks to inflation will keep the Fed on the sidelines until much later in the year."</p><p>According to CME Group's <a data-analytics-id="inline-link" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html" target="_blank"><u>FedWatch</u></a>, futures traders expect the next quarter-point rate cut to come at the Fed's September meeting.</p><h2 id="u-s-touts-china-trade-progress-ends-talks-with-canada-2">U.S. touts China trade progress, ends talks with Canada</h2><p>Encouraging U.S.-China trade news lifted sentiment early on, with both countries agreeing to terms that will accelerate rare earths exports to the U.S. and ease restrictions against China on trade exports.</p><p>But stocks turned lower after President Trump's mid-afternoon <a data-analytics-id="inline-link" href="https://truthsocial.com/@realDonaldTrump/posts/114756567645919781"><u>post on Truth Social</u></a> stated that the U.S. is "terminating ALL discussions on Trade with Canada, effective immediately."</p><p>Trump said this is due to a "Digital Services Tax" Canada is levying on "our American Technology Companies, which is a direct and blatant attack on our Country."</p><p>The president added that Canada will be informed within the next seven days of the "the Tariff that they will be paying to do business with the United States of America."</p><p>Despite slipping into negative territory in mid-afternoon trading, the <strong>S&P 500</strong> finished the day up 0.5% at 6,173 and the <strong>Nasdaq Composite</strong> added 0.5% to 20,273, new all-time closing highs for each index.</p><p>The <strong>Dow Jones Industrial Average</strong> added 1% to end at 43,819, less than 3% below its record closing high of 45,014.04 from December 4.</p><div class="tradingview-widget-container"> <div class="tradingview-widget-container__widget"></div> <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-market-overview.js" async>{"source":"marketOverview","id":"19fb22cc-e2a9-4b3b-a39b-1674120e649e","colorTheme":"light","dateRange":"12M","showChart":true,"locale":"en","largeChartUrl":"","isTransparent":false,"showSymbolLogo":true,"showFloatingTooltip":false,"width":"400","height":"550","plotLineColorGrowing":"rgba(41, 98, 255, 1)","plotLineColorFalling":"rgba(41, 98, 255, 1)","gridLineColor":"rgba(240, 243, 250, 0)","scaleFontColor":"rgba(19, 23, 34, 1)","belowLineFillColorGrowing":"rgba(41, 98, 255, 0.12)","belowLineFillColorFalling":"rgba(41, 98, 255, 0.12)","belowLineFillColorGrowingBottom":"rgba(41, 98, 255, 0)","belowLineFillColorFallingBottom":"rgba(41, 98, 255, 0)","symbolActiveColor":"rgba(41, 98, 255, 0.12)","tabs":[{"title":"Indices","originalTitle":"Indices","symbols":[{"d":"S&P 500 Index","s":"FOREXCOM:SPXUSD"},{"d":"Dow Jones Industrial Average Index","s":"FOREXCOM:DJI"},{"d":"Nasdaq Composite","s":"NASDAQ:IXIC"}]},{"title":"Futures","originalTitle":"Futures","symbols":[{"d":"S&P 500","s":"CME_MINI:ES1!"},{"d":"Euro","s":"CME:6E1!"},{"d":"Gold","s":"COMEX:GC1!"},{"d":"WTI Crude Oil","s":"NYMEX:CL1!"},{"d":"Gas","s":"NYMEX:NG1!"},{"d":"Corn","s":"CBOT:ZC1!"}]},{"title":"Bonds","originalTitle":"Bonds","symbols":[{"d":"T-Bond","s":"CBOT:ZB1!"},{"d":"Ultra T-Bond","s":"CBOT:UB1!"},{"d":"Euro Bund","s":"EUREX:FGBL1!"},{"d":"Euro BTP","s":"EUREX:FBTP1!"},{"d":"Euro BOBL","s":"EUREX:FGBM1!"}]},{"title":"Forex","originalTitle":"Forex","symbols":[{"d":"EUR to USD","s":"FX:EURUSD"},{"d":"GBP to USD","s":"FX:GBPUSD"},{"d":"USD to JPY","s":"FX:USDJPY"},{"d":"USD to CHF","s":"FX:USDCHF"},{"d":"AUD to USD","s":"FX:AUDUSD"},{"d":"USD to CAD","s":"FX:USDCAD"}]}],"realType":"embed"}</script></div><h2 id="beaten-down-nike-gets-upgraded-to-buy-2">Beaten-down Nike gets upgraded to Buy</h2><p><strong>Nike</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=NKE" target="_blank">NKE</a>) was far and away the best <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/blue-chip-stocks/602319/all-30-dow-jones-stocks-ranked-the-pros-weigh-in"><u>Dow Jones stock</u></a> on Friday, surging 15.3% after the athletic apparel and footwear maker disclosed its fiscal fourth-quarter results.</p><p>While earnings per share and revenue were both down year over year, they came in higher than analysts expected. Additionally, Chief Financial Officer Matthew Friend said in <a data-analytics-id="inline-link" href="https://investors.nike.com/investors/news-events-and-reports/investor-news/investor-news-details/2025/NIKE-Inc--Reports-Fiscal-2025-Fourth-Quarter-and-Full-Year-Results/default.aspx" target="_blank"><u>Nike's earnings release</u></a> that he expects "headwinds to moderate from here."</p><p>It's been a rough few years for Nike, which has seen its top and bottom lines hit by a laundry list of woes, including rising inflation, tensions between the U.S. and China and a lack of innovation.</p><p>And its share price has suffered as a result, dropping nearly 24% in the past 12 months.</p><p>But HSBC Global Research analysts think the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/blue-chip-stocks/605147/hedge-funds-top-blue-chip-stocks-to-buy-now">blue chip stock</a> has finally reached an inflection point, and upgraded it to Buy from Hold.</p><p>"We think there is more than tangible evidence that Nike has a path to see its sales rebound in the not-too-distant future, and its margins to be repaired, and this despite an unfavorable tariff headwind," they write in a note to clients.</p><p>HSBC adds that Nike appears to be "a battered leader with a convincing reboot," and that its "full refreshed team … is acting with speed and experience."</p><div class="tradingview-widget-container"> <div class="tradingview-widget-container__widget"></div> <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-single-quote.js" async>{"source":"singleQuote","id":"d3a77344-ae6e-4372-b6de-57dabed3127d","colorTheme":"light","isTransparent":false,"locale":"en","width":"350","symbol":"nke","realType":"embed"}</script></div><h3 class="article-body__section" id="section-related-content"><span>Related content</span></h3><ul><li><a href="https://www.kiplinger.com/investing/economy/this-weeks-economic-calendar">Kiplinger's Economic Calendar for June 30-July 4</a></li><li><a href="https://www.kiplinger.com/investing/stocks/17494/next-week-earnings-calendar-stocks">Earnings Calendar and Analysis for June 30-July 4</a></li><li><a href="https://www.kiplinger.com/investing/stocks/best-semiconductor-stocks">The Best Semiconductor Stocks to Buy</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/investing/stocks/stock-market-today-stocks-swing-as-trump-scraps-canada-trade-talks</link> <description> <![CDATA[ Despite a mid-afternoon slip, the S&P 500 and Nasdaq ended the day at new record highs. ]]> </description> <guid isPermaLink="false">cFRbvxYZyeAWiPcVUxZTtK</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/Lsa4aV7iwwoSts7N2RGTK4.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Fri, 27 Jun 2025 20:06:40 +0000</pubDate> <category><![CDATA[Stocks]]></category> <category><![CDATA[Investing]]></category> <author><![CDATA[ karee.venema@futurenet.com (Karee Venema) ]]></author> <dc:creator><![CDATA[ Karee Venema ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/Lsa4aV7iwwoSts7N2RGTK4.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[orange bars and blue and green moving averages superimposed over a ticker board]]></media:text> <media:title type="plain"><![CDATA[orange bars and blue and green moving averages superimposed over a ticker board]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/Lsa4aV7iwwoSts7N2RGTK4-1200-80.jpg" /> </item> <item> <title><![CDATA[ How to Choose a Mortgage Lender in Five Steps ]]></title> <dc:content><![CDATA[ <p>There’s no one-size-fits-all formula when it comes to getting approved for a mortgage. Whether it's for your first home or your dream cabin getaway, each lender sets its own eligibility criteria, interest rates, and loan options, which means the right lender for one borrower might not be the best fit for another.</p><p>As a homebuyer, it’s important to understand your financial situation and loan preferences so you can find a lender that aligns with your needs and increases your chances of approval and favorable rates.</p><p>To help you navigate the process, here are five key steps to choosing the right mortgage lender.</p><h2 id="1-figure-out-your-home-loan-preferences-2">1. Figure out your home loan preferences</h2><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:3200px;"><p class="vanilla-image-block" style="padding-top:56.25%;"><img id="2QobLjenaKe72R4gPse9Vi" name="Social Security GettyImages-1446916058.jpg" alt="An older woman looks at some paperwork while standing in her home." src="https://cdn.mos.cms.futurecdn.net/2QobLjenaKe72R4gPse9Vi.jpg" mos="" align="middle" fullscreen="" width="3200" height="1800" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><p>Your first step in homebuying is figuring out how much home you can afford. Your monthly mortgage payment includes principal and interest, taxes and insurance. Once you have an idea of what you can afford, think about your mortgage type:</p><ul><li><strong>A 15-year loan vs. a 30-year loan:</strong> Most people opt for a <a href="https://www.kiplinger.com/real-estate/mortgages/30-year-mortgage-rates"><u>30-year mortgage loan</u></a> since it means smaller monthly payments over a 30-year repayment term. But if you want to pay off your loan sooner and pay less in interest over the life of your loan, look into a 15-year loan.</li><li><strong>Fixed interest vs. adjustable rate: </strong>A fixed interest rate stays the same for the life of the loan, giving you predictable monthly payments. An adjustable-rate mortgage (ARM), on the other hand, typically starts with a lower introductory rate. After a set period, however, the rate adjusts based on market conditions, which means your payments could increase or decrease. Over time, you might end up paying more than someone with a <a href="https://www.kiplinger.com/article/real-estate/t010-c000-s001-the-pros-and-cons-of-fixed-rate-loans.html"><u>fixed-rate mortgage</u></a>.</li><li><strong>Conventional vs. FHA/VA/USDA loans:</strong> Conventional loans are the most popular type of loan. Conventional loans aren’t backed by any government agency, and most banks, credit unions, and online lenders offer them. FHA, VA and USDA loans are government-backed mortgages based on specific needs. For instance, if you’re a veteran, you could qualify for a VA loan.</li></ul><p>Your preferences and financial situation play a big role in narrowing down the right mortgage lenders. For example, if you're looking for a government-backed loan like an FHA or USDA mortgage, you'll want to focus on lenders who specialize in or are approved to offer those specific programs. These options may not be available through lenders that primarily deal with conventional loans.</p><p>Understanding what type of loan you qualify for — and what fits your needs — can help you avoid wasting time on lenders that aren’t a good match.</p><h2 id="2-check-your-eligibility-2">2. Check your eligibility</h2><p>Once you’ve eliminated mortgage lenders that don’t fit within your preferences, you can start to review the ones that do. Many banks, credit unions, and online lenders offer pre-qualification tools to help you see if you’re likely to qualify for a mortgage.</p><p>Pre-qualification is different from preapproval — it doesn’t require a hard credit check and won’t affect your credit score. Instead, you enter basic information such as your estimated credit score, income and assets to get a sense of your eligibility.</p><p>Checking your eligibility helps determine which lenders are more likely to give you a mortgage based on your <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/what-is-a-good-credit-score">creditworthiness</a>, income and where you want to buy a home. You’ll narrow your list even further by getting rid of lenders that may have eligibility requirements you don’t meet.</p><p>Try to explore different lenders beyond large financial institutions. You might be able to find offers at local credit unions, regional banks or online mortgage companies. You might be eligible for offers at places you may not have considered.</p><p>Take a look at what your current bank offers. Some have deals for existing customers with other accounts. You may qualify for special savings.</p><h2 id="3-compare-lenders-2">3. Compare lenders</h2><p>Once you’ve narrowed down your list of potential lenders, it’s time to compare the ones most likely to approve your mortgage. Compare lenders based on interest rates, preferred loan terms, down payment requirements and any extra fees. Those fees could be the underwriting fee, loan origination fees and closing costs.</p><p>As you shop around, consider getting preapproved by multiple lenders. While each preapproval involves a hard credit inquiry, credit bureaus recognize that you're rate shopping for a mortgage.</p><p>If these inquiries occur within a short window — typically 14 to 45 days — they’re grouped as a single inquiry for scoring purposes. This allows you to explore your options without significantly harming your credit score.</p><p>Explore some of today's best mortgage offers with the tool below, powered by Bankrate:</p><h2 id="4-review-preapprovals-and-choose-a-lender-2">4. Review preapprovals and choose a lender</h2><p>After receiving a few preapprovals, review which lender offers the highest loan amount. Keep in mind, you’re not obligated to spend up to that limit — but having a higher preapproval can give you more flexibility as you explore different homes and price ranges.</p><p>It’s also worth evaluating each lender’s communication style and how they’re compensated. Some lenders work as mortgage brokers, meaning they help match you with a loan and may earn a commission at closing.</p><p>Ask each lender if they have any special offers or conditions to lower the overall cost. Find out how much potential monthly payments will be for each lender, including your principal mortgage payment, interest, insurance, taxes, and any other costs — that way, you know what to expect before committing.</p><p>Many lenders offer a rate lock option, so it’s important to confirm the details with each one. A rate lock lets you secure the current interest rate for a set period — typically 30 or 60 days — while your loan is finalized. This protects you from potential rate increases between the time you’re approved and the day you close on your home.</p><h2 id="5-complete-your-loan-application-2">5. Complete your loan application</h2><p>Once you’ve chosen a lender and received your preapproval letter, you’ll be ready to start touring homes. After finding the right property, you’ll complete a formal loan application. This step is similar to preapproval, but it initiates the full underwriting process for your actual mortgage.</p><p>This is the loan you’ll carry through the life of your home purchase. If you’ve locked in your interest rate, your monthly payments should align with the estimates you received during preapproval, giving you a clear idea of what to expect financially.</p><p>The right lender can help you secure competitive rates and make the homebuying process smoother and less stressful. Take your time, ask questions and don’t be afraid to explore multiple options before committing.</p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/personal-finance/mortgage-calculator-find-your-monthly-payment">Mortgage Calculator: Estimate Your Monthly Payment Easily</a></li><li><a href="https://www.kiplinger.com/real-estate/mortgages/how-the-federal-reserve-affects-mortgage-rates">How the Federal Reserve Affects Mortgage Rates — and What It Means for Homebuyers in 2025</a></li><li><a href="https://www.kiplinger.com/taxes/property-tax-explained-what-homeowners-need-to-know">Property Tax 101: What Homeowners Need to Know</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/real-estate/mortgages/how-to-choose-a-mortgage-lender</link> <description> <![CDATA[ Not all lenders are created equal — here’s how to compare offers, rates and terms with confidence. ]]> </description> <guid isPermaLink="false">K7Ucnws7VsDT25rEjwKTpF</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/kM8YCYSJf36hi6BqNpeqVj.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Fri, 27 Jun 2025 20:02:55 +0000</pubDate> <category><![CDATA[Mortgages]]></category> <category><![CDATA[Buying A Home]]></category> <category><![CDATA[Home]]></category> <category><![CDATA[Real Estate]]></category> <category><![CDATA[Personal Finance]]></category> <category><![CDATA[Shopping]]></category> <dc:creator><![CDATA[ Dori Zinn ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/kM8YCYSJf36hi6BqNpeqVj.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[A couple discussing their mortgage options with their broker.]]></media:text> <media:title type="plain"><![CDATA[A couple discussing their mortgage options with their broker.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/kM8YCYSJf36hi6BqNpeqVj-1200-80.jpg" /> </item> <item> <title><![CDATA[ A Meteorite May Have Hit a Home in Georgia. Would Insurance Cover the Damage? ]]></title> <dc:content><![CDATA[ <p>While meteors aren’t exactly rare, one making landfall in the middle of a densely populated area is. But that’s exactly what happened yesterday afternoon in Blacksville, a town just south of Atlanta, Georgia.</p><p>Around noon local time, hundreds of reports of a fireball in the sky flooded into the American Meteor Society and the National Weather Service. The meteorite is estimated to have started as a roughly three-foot wide chunk of asteroid, barreling through the atmosphere at approximately 29,000 miles per hour before breaking apart about 27 miles above the earth, according to <a data-analytics-id="inline-link" href="https://ares.jsc.nasa.gov/meteorite-falls/" target="_blank">NASA</a>.</p><p>But the rare event may have literally hit home for one resident of Henry County, just south of Atlanta. According to a National Weather Service <a data-analytics-id="inline-link" href="https://www.facebook.com/NWSAtlanta/posts/did-you-feel-that-today-many-in-north-georgia-not-only-felt-it-but-saw-it-it-app/1143262601166161/" target="_blank">Facebook post</a>, the Henry County homeowner reported a rock piercing through their roof and cracking their floors as it landed inside their home at about the same time that reports were coming in about a fireball in the sky. While local officials are still investigating the situation and have yet to confirm whether the rock was a piece of the meteorite, <a data-analytics-id="inline-link" href="https://ares.jsc.nasa.gov/meteorite-falls/" target="_blank">radar imaging</a> from NASA does suggest that debris from the meteorite fell in the area where the home is located.</p><p>There are more than a few <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/home-insurance/surprising-things-home-insurance-doesnt-cover">surprising things home insurance won’t cover</a>, so this news may have you wondering if you’d be able to file a claim with your insurance company if this were to happen to you. The good news is that it should be covered by a standard home insurance policy. But here’s what you need to know.</p><h2 id="what-are-the-odds-of-a-meteorite-crashing-into-your-home-2">What are the odds of a meteorite crashing into your home?</h2><p>According to <a data-analytics-id="inline-link" href="https://science.nasa.gov/solar-system/meteors-meteorites/" target="_blank">NASA</a>, Earth is pummeled by over 48 tons of meteoritic material every day. But nearly all of it vaporizes in the atmosphere before reaching Earth’s surface. That phenomenon is what creates the shooting stars and meteor showers that stargazers hike out to remote locations to watch.</p><p>Those that do make it to the Earth’s surface are known as meteorites – and the <a data-analytics-id="inline-link" href="https://www.amsmeteors.org/fireballs/faqf/" target="_blank">American Meteor Society</a> estimates between 10 to 50 meteorites make landfall each day. But only around two to 12 of those will hit anywhere near an inhabited area, with the rest falling into the ocean or landing on uninhabited land.</p><p>So, the odds of a meteorite careening into your home are comfortingly low. But, as that Georgia homeowner may soon find out, low is not the same as zero.</p><h2 id="does-home-insurance-cover-meteorites-and-other-objects-from-space-2">Does home insurance cover meteorites and other objects from space?</h2><p>Fortunately for that Georgia homeowner and for you, most standard home insurance policies would cover falling objects, including meteorites, satellites and space junk.</p><p>Specifically, a standard HO-3 policy usually protects the physical structures on your property – like your home and garage – against all perils except for those expressly excluded, like flooding or earthquakes. While you’d need separate <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/home-insurance/how-much-does-flood-insurance-cost">flood insurance</a> or <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/insurance/should-you-get-earthquake-insurance">earthquake insurance</a> to cover those exclusions, falling objects are not typically excluded in a standard policy.</p><p>At the same time, your personal property, or the contents inside those physical structures, will either have that same coverage or be covered under a specific set of named perils, with anything not named in your policy being excluded.</p><p>Even in this case, falling objects are often one of the named perils covered in a standard policy. Still, if you want to be absolutely sure, you can review your policy now and look for “falling objects” as a named peril or, less likely, as an exclusion.</p><p>Now, on the off chance that a fireball crash lands into your car, you would only be covered if you had <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/insurance/t004-c000-s001-comprehensive-a-grab-bag-of-coverages.html">comprehensive car insurance</a>. An event like this is rare enough that you shouldn’t let it scare you into adding extra coverage. But there are plenty of other more likely causes of damage to your car that would only be covered by a comprehensive policy. So, if you don’t already have this <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/insurance/most-common-types-of-car-insurance">type of car insurance</a>, it’s worth looking into the cost of adding that coverage.</p><h3 class="article-body__section" id="section-related-content"><span>Related content</span></h3><ul><li><a href="https://www.kiplinger.com/personal-finance/home-insurance/do-you-need-home-insurance">Do You Need Home Insurance?</a></li><li><a href="https://www.kiplinger.com/personal-finance/home-insurance/what-factors-affect-your-home-insurance-cost">Eight Reasons Why Your Home Insurance Costs Are Surging</a></li><li><a href="https://www.kiplinger.com/personal-finance/home-insurance/hail-damage-insurance-claims-is-filing-worth-the-cost-and-hassle">Hail Damage Insurance Claims: Is Filing Worth the Cost and Hassle?</a></li><li><a href="https://www.kiplinger.com/personal-finance/home-insurance/easy-weatherproofing-projects-that-prevent-damage-and-save-on-insurance">Five Easy Weatherproofing Projects That Help Prevent Damage and Save on Insurance</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/personal-finance/home-insurance/space-debris-damage-home-insurance-coverage</link> <description> <![CDATA[ In a rare event, a meteorite may have crashed through the roof of a Georgia homeowner. Here’s what home insurance would cover. ]]> </description> <guid isPermaLink="false">G3QqxofNb4YZL8wydPk5M9</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/AHXnJe7BuY2Yuvusvm2j47.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Fri, 27 Jun 2025 19:11:34 +0000</pubDate> <category><![CDATA[Home Insurance]]></category> <category><![CDATA[Personal Finance]]></category> <category><![CDATA[Insurance]]></category> <dc:creator><![CDATA[ Rachael Green ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/AHXnJe7BuY2Yuvusvm2j47.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[Three fireballs falling from the sky at sunset.]]></media:text> <media:title type="plain"><![CDATA[Three fireballs falling from the sky at sunset.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/AHXnJe7BuY2Yuvusvm2j47-1200-80.jpg" /> </item> <item> <title><![CDATA[ My Car Was Stolen — Here’s What I Did and How You Can Protect Yourself ]]></title> <dc:content><![CDATA[ <p>In 2024, more than 850,000 vehicles were stolen, according to the <a data-analytics-id="inline-link" href="https://www.nicb.org/news/news-releases/vehicle-thefts-united-states-fell-17-2024" target="_blank">National Insurance Crime Bureau (<u>NICB</u>)</a>.</p><p>This year, my car will be among 2025’s tally, as it was stolen recently.</p><p>There seems to have been a crime wave in my city, with at least four friends experiencing auto theft in the span of a few weeks. I was hesitant to share personal details online, but I decided that if my article can help even one person prevent a costly, stressful theft, then it’s worth it.</p><p>Here’s what I learned from having my car stolen, and how you can try to keep it from happening to you.</p><h2 id="simple-steps-to-reduce-your-risk-of-auto-theft-2">Simple steps to reduce your risk of auto theft</h2><p>When it comes to preventing car theft, some steps are obvious — such as not leaving your keys in the car or letting it run unattended on the street.</p><p>But others aren’t as well known. One of the simplest and most effective things you can do is buy a <a data-analytics-id="inline-link" href="https://www.amazon.com/s?k=faraday+fob+shield&i=automotive&af=%7B%22vehicle%22%3A%222013-21-108-113--9-6--13620-3086-1-1--171--%22%7D&s=exact-aware-popularity-rank&ds=v1%3A7nzzJJh8SMcZ1dtC93rmkz7fhEHUWu6F0yKg6SK97QI&content-id=amzn1.sym.36e470cf-bb1a-4d75-8f47-af7f6d4f4c80%3Aamzn1.sym.36e470cf-bb1a-4d75-8f47-af7f6d4f4c80&crid=3HK5J7VFCJNUQ&pd_rd_r=7a508a87-5650-4c25-a48b-8a68a7957988&pd_rd_w=kqjpJ&pd_rd_wg=2Lbr3&pf_rd_p=36e470cf-bb1a-4d75-8f47-af7f6d4f4c80&pf_rd_r=FFJVN1X6SP7FFY00ZT45&pid=FjaBDzy&qid=1751048400&sprefix=faraday+fob+%2Caps%2C172&ref=sr_st_exact-aware-popularity-rank" target="_blank" rel="nofollow">Faraday pouch or case</a> for your key fob. This small $5 investment can block thieves from hacking your key signal.</p><p>In recent years, Kia and Hyundai models have been frequent targets of key fob hacking, and in 2023, they topped the <a data-analytics-id="inline-link" href="https://www.nicb.org/news/news-releases/new-report-imports-top-list-americas-most-stolen-vehicles"><u>list of most-stolen vehicles</u></a>, according to the National Insurance Crime Bureau (NICB). Both automakers have taken steps to address the issue.</p><p>If you often forget to lock your car, a digital car key or a remote-locking app on your phone could be a helpful solution. Some apps and devices can even automatically lock your car when you walk away or move out of range, adding an extra layer of security.</p><div class="product star-deal"><a data-dimension112="828a5673-1a12-47f0-8bb2-e5072dc1e32b" data-action="Star Deal Block" data-label="two Faraday pouches" data-dimension48="two Faraday pouches" data-dimension25="$4.99" href="https://www.amazon.com/Yourkar-Car-Key-Faraday-Pouch/dp/B0DBHLWZWC/ref=sr_1_9?af=eyJ2ZWhpY2xlTmFtZSI6IjIwMTMgS2lhIFNvcmVudG8iLCJ2ZWhpY2xlIjoiMjAxMy0yMS0xMDgtMTEzLS05LTYtLTEzNjIwLTMwODYtMS0xLS0xNzEtIn0%3D&content-id=amzn1.sym.36e470cf-bb1a-4d75-8f47-af7f6d4f4c80%3Aamzn1.sym.36e470cf-bb1a-4d75-8f47-af7f6d4f4c80&crid=3HK5J7VFCJNUQ&dib=eyJ2IjoiMSJ9.6wsNwxGpTtmnS-9KC6HOaF8QCzc1oCbSO0JTKRj-9IBxTX1t-jvoZCX9mqmXO4CbgPHGzgQxNsSdek_YlLFes2UJjXq8Q0RQTysjTfzk8OnDVn1cohIAlgDFgLM-fievf0EC6Gu7KV6iZXIGIx3vh6mzJMHTiUAR7vdsA_Xbq9iNvgh6-8jG7kp2VL-4RR92UFXWWDHIu0s8tFlQLh6RkRUptV8dengB4JLtPMJW0V78rZQ5BHwwaMSG4rXInwVJAbKNqE6H3J2hgA_GNp76XcaMePTvVA3bQu5wYEkgSmw.Al1YQkfuDlSjQhyJqjIU72eB4sFPc47DZOlo2BWJrcU&dib_tag=se&keywords=faraday%2Bfob%2Bshield&pd_rd_r=7a508a87-5650-4c25-a48b-8a68a7957988&pd_rd_w=kqjpJ&pd_rd_wg=2Lbr3&pid=FjaBDzy&qid=1751048408&s=automotive&sprefix=faraday%2Bfob%2B%2Caps%2C172&sr=1-9&vehicle=2013-21-108-113--9-6--13620-3086-1-1--171-&vehicleName=2013%2BKia%2BSorento&th=1" target="_blank" rel="nofollow"><figure class="van-image-figure " ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:1085px;"><p class="vanilla-image-block" style="padding-top:73.36%;"><img id="ymEULGZAmgBot8tsdCnGFb" name="KeyFobPouch" caption="" alt="" src="https://cdn.mos.cms.futurecdn.net/ymEULGZAmgBot8tsdCnGFb.png" mos="" align="middle" fullscreen="" width="1085" height="796" attribution="" endorsement="" credit="" class=""></p></div></div></figure></a><p>Get <a href="https://www.amazon.com/Yourkar-Car-Key-Faraday-Pouch/dp/B0DBHLWZWC/ref=sr_1_9?af=eyJ2ZWhpY2xlTmFtZSI6IjIwMTMgS2lhIFNvcmVudG8iLCJ2ZWhpY2xlIjoiMjAxMy0yMS0xMDgtMTEzLS05LTYtLTEzNjIwLTMwODYtMS0xLS0xNzEtIn0%3D&content-id=amzn1.sym.36e470cf-bb1a-4d75-8f47-af7f6d4f4c80%3Aamzn1.sym.36e470cf-bb1a-4d75-8f47-af7f6d4f4c80&crid=3HK5J7VFCJNUQ&dib=eyJ2IjoiMSJ9.6wsNwxGpTtmnS-9KC6HOaF8QCzc1oCbSO0JTKRj-9IBxTX1t-jvoZCX9mqmXO4CbgPHGzgQxNsSdek_YlLFes2UJjXq8Q0RQTysjTfzk8OnDVn1cohIAlgDFgLM-fievf0EC6Gu7KV6iZXIGIx3vh6mzJMHTiUAR7vdsA_Xbq9iNvgh6-8jG7kp2VL-4RR92UFXWWDHIu0s8tFlQLh6RkRUptV8dengB4JLtPMJW0V78rZQ5BHwwaMSG4rXInwVJAbKNqE6H3J2hgA_GNp76XcaMePTvVA3bQu5wYEkgSmw.Al1YQkfuDlSjQhyJqjIU72eB4sFPc47DZOlo2BWJrcU&dib_tag=se&keywords=faraday%2Bfob%2Bshield&pd_rd_r=7a508a87-5650-4c25-a48b-8a68a7957988&pd_rd_w=kqjpJ&pd_rd_wg=2Lbr3&pid=FjaBDzy&qid=1751048408&s=automotive&sprefix=faraday%2Bfob%2B%2Caps%2C172&sr=1-9&vehicle=2013-21-108-113--9-6--13620-3086-1-1--171-&vehicleName=2013%2BKia%2BSorento&th=1" target="_blank" rel="nofollow" data-dimension112="828a5673-1a12-47f0-8bb2-e5072dc1e32b" data-action="Star Deal Block" data-label="two Faraday pouches" data-dimension48="two Faraday pouches" data-dimension25="$4.99">two Faraday pouches</a> designed with RFID signal-blocking technology to help shield your key fob from relay attacks and electronic theft. A simple, affordable way to boost your car’s security. <a class="view-deal button" href="https://www.amazon.com/Yourkar-Car-Key-Faraday-Pouch/dp/B0DBHLWZWC/ref=sr_1_9?af=eyJ2ZWhpY2xlTmFtZSI6IjIwMTMgS2lhIFNvcmVudG8iLCJ2ZWhpY2xlIjoiMjAxMy0yMS0xMDgtMTEzLS05LTYtLTEzNjIwLTMwODYtMS0xLS0xNzEtIn0%3D&content-id=amzn1.sym.36e470cf-bb1a-4d75-8f47-af7f6d4f4c80%3Aamzn1.sym.36e470cf-bb1a-4d75-8f47-af7f6d4f4c80&crid=3HK5J7VFCJNUQ&dib=eyJ2IjoiMSJ9.6wsNwxGpTtmnS-9KC6HOaF8QCzc1oCbSO0JTKRj-9IBxTX1t-jvoZCX9mqmXO4CbgPHGzgQxNsSdek_YlLFes2UJjXq8Q0RQTysjTfzk8OnDVn1cohIAlgDFgLM-fievf0EC6Gu7KV6iZXIGIx3vh6mzJMHTiUAR7vdsA_Xbq9iNvgh6-8jG7kp2VL-4RR92UFXWWDHIu0s8tFlQLh6RkRUptV8dengB4JLtPMJW0V78rZQ5BHwwaMSG4rXInwVJAbKNqE6H3J2hgA_GNp76XcaMePTvVA3bQu5wYEkgSmw.Al1YQkfuDlSjQhyJqjIU72eB4sFPc47DZOlo2BWJrcU&dib_tag=se&keywords=faraday%2Bfob%2Bshield&pd_rd_r=7a508a87-5650-4c25-a48b-8a68a7957988&pd_rd_w=kqjpJ&pd_rd_wg=2Lbr3&pid=FjaBDzy&qid=1751048408&s=automotive&sprefix=faraday%2Bfob%2B%2Caps%2C172&sr=1-9&vehicle=2013-21-108-113--9-6--13620-3086-1-1--171-&vehicleName=2013%2BKia%2BSorento&th=1" target="_blank" rel="nofollow" data-dimension112="828a5673-1a12-47f0-8bb2-e5072dc1e32b" data-action="Star Deal Block" data-label="two Faraday pouches" data-dimension48="two Faraday pouches" data-dimension25="$4.99">View Deal</a></p></div><h2 id="anti-theft-devices-that-help-deter-car-thieves-2">Anti-theft devices that help deter car thieves</h2><p>Additionally, cars come with, or can be equipped with, a wide variety of anti-theft features. If your car doesn’t have any of these features, do some research to determine which ones you could add.</p><p>Some onboard anti-theft features include alarms and GPS trackers. An easy one to add yourself is a <a data-analytics-id="inline-link" href="https://www.amazon.com/dp/B0BVHNMTPY/?_encoding=UTF8&pd_rd_i=B0BVHNMTPY&ref_=sbx_be_s_sparkle_ssd_vid&qid=1751050214&pd_rd_w=kPJHD&content-id=amzn1.sym.9f2b2b9e-47e9-4764-a4dc-2be2f6fca36d%3Aamzn1.sym.9f2b2b9e-47e9-4764-a4dc-2be2f6fca36d&pf_rd_p=9f2b2b9e-47e9-4764-a4dc-2be2f6fca36d&pf_rd_r=N6J0GKRGA9KVCP8C9DZD&pd_rd_wg=gGvEQ&pd_rd_r=50aec76f-560a-43c8-8387-4051860e9f67&th=1" target="_blank" rel="nofollow">steering wheel lock</a>. Some vehicles have immobilizers that prevent them from being hotwired, hood locks, <a data-analytics-id="inline-link" href="https://www.amazon.com/Remote-Disconnect-Switch-Anti-Theft-Kill/dp/B0BJNZTRP3/ref=sr_1_2?crid=IOEDCDDVPOK3&dib=eyJ2IjoiMSJ9.F_J52D1swRPzz6tklV1Ik3CYDt99JQ3uTfwKBopcPE8JpLfGlF3gPSn6IP-NY9YnT256qyIm1eNLDaB1Mbc5if8GDOsJBjXRHnoqXHyaflMW8NxbrAUv3oq1f1oVicehQ9leErg9j2OqU-2q84LhCaXGwJ9rHvmkKuAP8TvPdTxvcIoucalIhZAB_4w-4AZuLWL23n7vwuRy8KUZmoloY44TXULs9XFko21h29OFG3g.y9maTivyYwenTwmiAUSsNyuANFV_hnRAcsfNWGmqZec&dib_tag=se&keywords=battery%2Bdisconnect%2Bswitch&qid=1751049653&sprefix=battery%2Bdisconnect%2Bswitch%2B%2Caps%2C159&sr=8-2&th=1" target="_blank" rel="nofollow">battery disconnect switches</a> and <a data-analytics-id="inline-link" href="https://www.amazon.com/KAYCENTOP-Steering-Security-Anti-Theft-Universal/dp/B09X2VNQNR/ref=sr_1_3_sspa?crid=2LNLIB1DG6Q3B&dib=eyJ2IjoiMSJ9.jZwfNKF6gdGeHoBUEQIIrBaKYEFoTbbuLrV7IAhj2FXXJsTN4cisoPSpY1cnzfnItuUtiJ8wDHvWeAHCu6imVoAl-2OM8TbTmWn9tHTRPNUofVaQPS1jMQVbNvuwbrP_Te_O85jU40t_qJy4x-GhFbuNmIpA-7laNbdWynWo17yS9iN-Uo_PALFQocCJkWPLXAMAhLlLP-hDUYeEVq0baEBwLSnNIn2pyyAB52t3_heuggcqGPgv9NC0wENPX4ovG59WPaMpaIMxa_7u14Bm3a_U-FHAyyqiKWuoj6JEzt4.byCUCjrdCzNTpaI2UaK7ROBAJdrMpY8ACcqAYHrC6KA&dib_tag=se&keywords=pedal%2Block%2Banti%2Btheft%2Bcar&qid=1751049457&sprefix=pedal%2Block%2Caps%2C153&sr=8-3-spons&sp_csd=d2lkZ2V0TmFtZT1zcF9hdGY&th=1" target="_blank" rel="nofollow">pedal locks</a>.</p><p>If your car doesn’t have an onboard GPS tracker, hide an <a data-analytics-id="inline-link" href="https://www.apple.com/airtag/" target="_blank">AirTag</a>, <a data-analytics-id="inline-link" href="https://www.amazon.com/Tile-Life360-Bluetooth-Tracker-Compatible/dp/B0D63657GY/ref=sr_1_2?crid=32GLBPIWMJZWR&dib=eyJ2IjoiMSJ9.lSQGaRy8PHuBXryZaY8cl7dTGjkOaP6S820RjwY5Fi7vU2BkFP9vCdUHfUEaRIhXSib-32X9tYcZHjbgjQdrhIh1jN2WELOurD6NcRm_EW61JZdWYmOG-2p9ChMsSIpLRascoYGgMGsROpbzc2D8lAKzoairPyF7Bkm--36aUd4XtFbwrB64Vw0tJfEJiwb1BQyRRtkohQdiAA2a8zb_w-QzkOuNTxamsCBToR3ndYQ.2w_QPZgu5Nyv3WZnGMeBDcy-abIUY3jqXWgUlBjiugY&dib_tag=se&keywords=tile&qid=1751050118&sprefix=tile%2Caps%2C231&sr=8-2&th=1" target="_blank" rel="nofollow">Tile </a>or other tracker inside the car to increase the chance of recovery. They cost about $20 and can make all the difference. This is often one of the first things police will ask about because it’s the best and easiest way to locate the vehicle.</p><p>Don’t forget to let your insurance company know that your car is equipped with anti-theft features because you might also qualify for a discount.</p><div class="product star-deal"><a data-dimension112="3305aace-657f-48af-85a7-b48455678e88" data-action="Star Deal Block" data-label="Apple AirTags" data-dimension48="Apple AirTags" href="https://www.amazon.com/Apple-MX542LL-A-AirTag-Pack/dp/B0D54JZTHY/ref=sr_1_4?crid=2JAPY07HUKDT8&dib=eyJ2IjoiMSJ9.eJ4jVW3fBNhHFl2sL9cZHCbf2geet6SA9rjYKztWZmdbR_86qnGwpLbZawyE8Zfso3xoH10KmbkWppI_wmKON8aADvmc807ARHaZvrqyyThx7qgTSA3ZZSik9umcmLJ7WLZaf3EeH1mWOyQ8gdAE9Y_W6LTPgymCu4bKJVfPQ30T_Izmollod3x5iTZn0IACdS1sh9XzPb7KU11AXVs_KqE6jlalUgG7ooEyAGqU2X4.AzRQt7NhFpoSxWutKcG1fbjS1sMopKq3itbDp7iOHWU&dib_tag=se&keywords=air+tag&qid=1751049715&sprefix=air+tag%2Caps%2C159&sr=8-4" target="_blank" rel="nofollow"><figure class="van-image-figure " ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:616px;"><p class="vanilla-image-block" style="padding-top:75.49%;"><img id="MV2HsLeZbNew5kVB9JCjEd" name="packofappleairtags" caption="" alt="" src="https://cdn.mos.cms.futurecdn.net/MV2HsLeZbNew5kVB9JCjEd.png" mos="" align="middle" fullscreen="" width="616" height="465" attribution="" endorsement="" credit="" class=""></p></div></div></figure></a><p>For those with an Apple device, <a href="https://www.amazon.com/Apple-MX542LL-A-AirTag-Pack/dp/B0D54JZTHY/ref=sr_1_4?crid=2JAPY07HUKDT8&dib=eyJ2IjoiMSJ9.eJ4jVW3fBNhHFl2sL9cZHCbf2geet6SA9rjYKztWZmdbR_86qnGwpLbZawyE8Zfso3xoH10KmbkWppI_wmKON8aADvmc807ARHaZvrqyyThx7qgTSA3ZZSik9umcmLJ7WLZaf3EeH1mWOyQ8gdAE9Y_W6LTPgymCu4bKJVfPQ30T_Izmollod3x5iTZn0IACdS1sh9XzPb7KU11AXVs_KqE6jlalUgG7ooEyAGqU2X4.AzRQt7NhFpoSxWutKcG1fbjS1sMopKq3itbDp7iOHWU&dib_tag=se&keywords=air+tag&qid=1751049715&sprefix=air+tag%2Caps%2C159&sr=8-4" target="_blank" rel="nofollow" data-dimension112="3305aace-657f-48af-85a7-b48455678e88" data-action="Star Deal Block" data-label="Apple AirTags" data-dimension48="Apple AirTags" data-dimension25="">Apple AirTags</a> make it easy to track keys, bags or vehicles. This 4-pack helps you keep tabs on what matters most.<a class="view-deal button" href="https://www.amazon.com/Apple-MX542LL-A-AirTag-Pack/dp/B0D54JZTHY/ref=sr_1_4?crid=2JAPY07HUKDT8&dib=eyJ2IjoiMSJ9.eJ4jVW3fBNhHFl2sL9cZHCbf2geet6SA9rjYKztWZmdbR_86qnGwpLbZawyE8Zfso3xoH10KmbkWppI_wmKON8aADvmc807ARHaZvrqyyThx7qgTSA3ZZSik9umcmLJ7WLZaf3EeH1mWOyQ8gdAE9Y_W6LTPgymCu4bKJVfPQ30T_Izmollod3x5iTZn0IACdS1sh9XzPb7KU11AXVs_KqE6jlalUgG7ooEyAGqU2X4.AzRQt7NhFpoSxWutKcG1fbjS1sMopKq3itbDp7iOHWU&dib_tag=se&keywords=air+tag&qid=1751049715&sprefix=air+tag%2Caps%2C159&sr=8-4" target="_blank" rel="nofollow" data-dimension112="3305aace-657f-48af-85a7-b48455678e88" data-action="Star Deal Block" data-label="Apple AirTags" data-dimension48="Apple AirTags" data-dimension25="">View Deal</a></p></div><h2 id="what-your-insurance-covers-if-your-car-is-stolen-2">What your insurance covers if your car is stolen</h2><p>Speaking of insurance, most auto policies offer little to no coverage for personal items stolen from your vehicle.</p><p>For example, if your car is stolen with your wedding ring inside, the ring likely won’t be covered unless it's protected under your home insurance or you've added extra coverage to your auto policy. That’s why it’s important to review your home insurance as well, since many policies cover personal belongings stolen from a car.</p><p>If you have a newer car, it might be worth considering general asset protection (GAP) insurance. Standard auto insurance only covers the car’s current market value — not what you still owe on your loan.</p><p>For example, if your insurer values your stolen car at $20,000 but you still owe $30,000, you’d be responsible for the $10,000 difference unless you have GAP coverage. Keep in mind that insurance adjusters often undervalue stolen vehicles, which makes GAP coverage even more important.</p><p>According to <a data-analytics-id="inline-link" href="https://www.caranddriver.com/car-insurance/a36534152/how-much-is-gap-insurance/" target="_blank">Car and Driver</a>, GAP coverage averages $20 to $40 a year when added to an existing auto policy, depending on the insurer. You can also purchase it for a flat fee from a lender or dealership, usually for a few hundred dollars, but keep in mind, you’ll likely pay interest on that amount if it’s rolled into your loan.</p><p>It’s also a smart move to add rental reimbursement coverage to your auto policy. Many insurers offer this optional add-on to help cover transportation costs while you shop for a replacement vehicle. Just be aware there’s usually a daily cap.</p><p>For example, my insurer covered $40 per day — only half of what it actually cost to rent a car — but that coverage still saved me more than $1,000.</p><p>Explore some of today's best car insurance offers with the tool below, powered by <a data-analytics-id="inline-link" href="https://www.bankrate.com/" target="_blank">Bankrate</a>:</p><h2 id="what-to-do-immediately-after-your-car-is-stolen-2">What to do immediately after your car is stolen</h2><p>The number one thing to remember if your car is stolen is to report it immediately. Don’t wait. Here’s a list of all the entities you should notify:</p><ul><li>Police</li><li>State DMV or equivalent agency (e.g., Secretary of State)</li><li>Your lender or leasing company</li><li>EZ-Pass or the operator of any other electronic toll collection device you might have</li><li>Your insurance company — If you delay, your insurance claim could be denied</li></ul><p>If your wallet was in the vehicle, don’t forget to contact your credit card companies, banks, etc. Let the DMV know your license was stolen, as well.</p><h2 id="final-thoughts-on-theft-recovery-and-prevention-2">Final thoughts on theft recovery and prevention</h2><p>If your car is stolen, it’s important to be patient and prepare to be frustrated. In many cases, police won’t do much beyond flagging the vehicle and plates as stolen.</p><p>However, in 2023, more than 85% of stolen vehicles were recovered, according to the NICB. As further incentive to report your vehicle stolen immediately, cars reported stolen in the first 24 hours had a 34% same-day recovery rate that year.</p><p>To improve the chances of recovering your stolen vehicle, fully cooperate with the police and provide as much detailed information as possible. Stay proactive by checking in regularly — law enforcement may not always notify you if your car is found, especially if it’s recovered in another county or state.</p><p>If you’re not getting support from your local police department, consider reaching out to county or state law enforcement. You can also contact local elected officials for help. A friend of mine, whose car was stolen and GPS-tracked shortly after mine, was able to get assistance from state authorities when city police wouldn’t act on the vehicle’s location.</p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/personal-finance/insurance/most-common-types-of-car-insurance">11 Most Common Types of Car Insurance: Which Coverage Do You Actually Need?</a></li><li><a href="https://www.kiplinger.com/personal-finance/car-insurance/the-100-000-mile-rule-in-car-insurance-to-avoid-overpaying-for-coverage-you-dont-need">The 100,000 Mile Rule in Car Insurance to Avoid Overpaying for Coverage You Don’t Need</a></li><li><a href="https://www.kiplinger.com/personal-finance/car-insurance/is-your-car-driving-up-your-insurance-premium">Is Your Car Model Driving Up Your Insurance Premium?</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/personal-finance/car-insurance/what-to-do-if-your-car-is-stolen</link> <description> <![CDATA[ Don’t wait until it happens to you. Learn how to prepare for auto theft, protect your vehicle, and respond quickly if your car is stolen. ]]> </description> <guid isPermaLink="false">epk3dz8HzTsRXEwtafGX4o</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/FfJ7mwkxnDtAmgu6fkRatX.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Fri, 27 Jun 2025 19:01:02 +0000</pubDate> <category><![CDATA[Car Insurance]]></category> <category><![CDATA[Cars]]></category> <category><![CDATA[Personal Finance]]></category> <category><![CDATA[Insurance]]></category> <category><![CDATA[Shopping]]></category> <dc:creator><![CDATA[ Jacob Wolinsky ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/FfJ7mwkxnDtAmgu6fkRatX.jpg"> <media:credit><![CDATA[Shutterstock]]></media:credit> <media:text><![CDATA[Thief is looking in the window of a car. ]]></media:text> <media:title type="plain"><![CDATA[Thief is looking in the window of a car. ]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/FfJ7mwkxnDtAmgu6fkRatX-1200-80.jpg" /> </item> <item> <title><![CDATA[ How to Stay Safe During Summer Storms: What to Know About Lightning Risks ]]></title> <dc:content><![CDATA[ <p>As we head into summer storm season, lightning strikes are an increased danger.</p><p>According to the <a data-analytics-id="inline-link" href="https://www.weather.gov/key/tstmhazards" target="_blank">National Weather Service</a>, approximately 100,000 thunderstorms occur in the United States each year, and certain locations, such as west central Florida, can experience particularly severe thunderstorms.</p><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/how-to-save-money/how-to-prepare-for-a-hurricane-and-natural-disasters">Natural disasters</a> such as lightning can cause death and property destruction, and lightning strikes are a frequently overlooked danger. These lightning safety tips can help you protect yourself, your loved ones and your home.</p><h2 id="how-to-stay-safe-during-lightning-storms-2">How to stay safe during lightning storms </h2><p>If you’re caught in a lightning storm, understanding how to stay safe could save your life. The <a data-analytics-id="inline-link" href="https://www.weather.gov/safety/lightning-victims" target="_blank">National Weather Service</a> reports that about 20 people are killed by lightning in the United States each year. Survivors of lightning strikes can experience significant injuries, and some could face lifelong neurological damage.</p><p>Fortunately, these lightning safety tips can help keep you safe during storms:</p><ul><li><strong>Watch the forecast</strong>: Check the <a href="https://www.kiplinger.com/personal-finance/10-ways-to-prepare-your-home-for-summer-weather">summer weather</a> forecast before you head outdoors, especially if you’re going to go boating or hiking. While you’re out, watch for dark clouds, and carefully listen for distant thunder.</li><li><strong>Keep your distance</strong>: <a href="https://www.weather.gov/key/tstmhazards" target="_blank">Lightning can strike as far as 10 miles</a> from the nearest rainfall, so it doesn’t have to be raining for you to be struck. If there’s a storm remotely nearby, it’s time to seek shelter. </li><li><strong>Stay in your car</strong>: If you’re caught in a storm, don’t try to get out of your vehicle. A hard-top car’s steel frame can help protect you, but make sure you’re not touching any metal within your vehicle.</li><li><strong>Stay safe indoors</strong>: If you’re able to safely get into your house, stay away from windows and doors. You should also avoid lying on concrete floors or leaning on concrete walls, since lightning can travel through metal wires or bars in concrete.</li><li><strong>Avoid water</strong>: Lightning can travel through your home’s plumbing, so avoid contact with water, such as washing dishes or bathing during a storm.</li><li><strong>Avoid electronics</strong>: Lightning can also potentially travel through electrical systems in your home, so you could be electrocuted if it strikes while you’re touching an electronic device that’s plugged in. Don’t use your computer, washer, stove or other appliances during a storm.</li><li><strong>Wait it out</strong>: According to the <a href="https://www.cdc.gov/lightning/safety/index.html" target="_blank">U.S. Centers for Disease Control and Prevention</a>, you’re in the greatest danger at the beginning and end of a storm. Wait at least 30 minutes after a storm passes before you go outside.</li></ul><h2 id="does-home-insurance-cover-lightning-damage-to-your-home-and-property-2">Does home insurance cover lightning damage to your home and property? </h2><p>A lightning strike, either directly to your home or in a nearby location, can cause significant damage. Lightning can cause explosions and damage to electronic devices and appliances, and it can even start fires that can damage or destroy your home.</p><p>Most homeowners insurance policies include lightning as a covered peril, and they will pay repair or replacement costs for your home and your belongings.</p><p>However, be sure to review your <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/homeowners-insurance-limits">policy’s limits</a> and exclusions; your personal belongings might be covered only up to a set amount, so you could still lose money if you have to replace belongings after a lightning strike.</p><p>According to the <a data-analytics-id="inline-link" href="https://www.iii.org/press-release/lightning-caused-12-billion-in-us-homeowners-claim-payouts-in-2023-severity-trends-upward-for-the-year-061824" target="_blank">Insurance Information Institute</a>, in 2023, United States homeowners received $1.2 billion in home insurance payouts for lightning claims. The average cost of each claim was $17,413. Florida, Georgia, Texas, California and Alabama had the highest number of lightning claims in 2023.</p><p>Explore some of today's best home insurance offers with the tool below, powered by <a data-analytics-id="inline-link" href="https://www.bankrate.com/" target="_blank">Bankrate</a>:</p><h2 id="tips-for-protecting-your-home-from-lightning-2">Tips for protecting your home from lightning</h2><p>While insurance will usually cover damage caused by lightning, it’s best to prevent the damage altogether if possible. These lightning safety tips can help you protect your home:</p><ul><li><strong>Install whole-home surge protection</strong>: An electrician can install a <a href="https://www.lowes.com/pd/Siemens-BoltShield-FSPD-100-kA-Whole-Home-Surge-Protection-Device/5014357965" target="_blank" rel="nofollow">whole-home surge protector</a> in your home’s main electrical panel. The surge protector can help protect your appliances from electrical surges caused by lightning and other issues. <a href="https://www.angi.com/articles/home-electrical-upgrades-and-costs.htm#:~:text=The%20average%20cost%20to%20hire,%24100%20an%20hour%20for%20services." target="_blank">Angi</a> estimates that whole-home surge protectors cost an average of $300, and the installation costs around $100 to $200.</li><li><strong>Use device surge protectors</strong>: You can also buy <a href="https://www.lowes.com/pd/Utilitech-5-Outlet-2250-Joules-1875-Watt-1875Va-Indoor-Ac-Surge-Protector/5014528935" target="_blank" rel="nofollow">surge protectors</a> to use for your individual devices. Surge protectors are only intended for smaller devices that don’t draw large amounts of energy. Large appliances such as refrigerators, space heaters and air conditioners need to be plugged directly into a wall outlet.</li><li><strong>Unplug your devices</strong>: If you’re home when a storm strikes, unplugging your devices offers extra protection.</li><li><strong>Invest in a lightning protection system</strong>: A lightning protection system can help prevent or minimize damage to your home. The system incorporates a lightning rod, which intercepts a lightning strike. Once the lightning strikes the rod, it’s guided through a safe, conductive path to the ground. According to <a href="https://www.angi.com/articles/how-much-does-lightning-protection-system-cost.htm" target="_blank">Angi</a>, these systems cost from $443 to $2,663 to install.</li></ul><div class="product star-deal"><a data-dimension112="02105bd1-d414-440c-9ac5-86404f8cdc31" data-action="Star Deal Block" data-label="Belkin 12-outlet surge protector" data-dimension48="Belkin 12-outlet surge protector" target="_blank" rel="nofollow"><figure class="van-image-figure " ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:1255px;"><p class="vanilla-image-block" style="padding-top:55.70%;"><img id="hc72Sk6xvRTJGYpDGChBfZ" name="SurgeProtector" caption="" alt="" src="https://cdn.mos.cms.futurecdn.net/hc72Sk6xvRTJGYpDGChBfZ.png" mos="" align="middle" fullscreen="" width="1255" height="699" attribution="" endorsement="" credit="" class=""></p></div></div></figure></a><p>This <a href="https://www.amazon.com/Belkin-12-Outlet-Protector-Heavy-Duty-Extension/dp/B0C6S6TPRH/ref=zg_bs_g_761520_d_sccl_6/143-0083256-3670514?th=1" target="_blank" rel="nofollow" data-dimension112="02105bd1-d414-440c-9ac5-86404f8cdc31" data-action="Star Deal Block" data-label="Belkin 12-outlet surge protector" data-dimension48="Belkin 12-outlet surge protector" data-dimension25="">Belkin 12-outlet surge protector</a> offers 3,940 joules of protection and an 8-foot flat plug—ideal for home, office, or travel setups.<a class="view-deal button" href="" target="_blank" rel="nofollow" data-dimension112="02105bd1-d414-440c-9ac5-86404f8cdc31" data-action="Star Deal Block" data-label="Belkin 12-outlet surge protector" data-dimension48="Belkin 12-outlet surge protector" data-dimension25="">View Deal</a></p></div><p>Some of these preventative measures, such as a whole-home surge protector and a lightning protection system, might qualify for a discount on your homeowners insurance and could <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/home-insurance/4-ways-to-lower-your-home-insurance-premium-in-2025">lower your premium</a>.</p><p>If you’re considering installing any of these systems, contact your insurance company ahead of time to see if the system qualifies and to make sure you meet any additional requirements.</p><p>Even if you don’t receive an insurance discount for these summer storm safety measures, they can pay off in increased peace of mind, knowing that you’re protecting your home.</p><h3 class="article-body__section" id="section-related-content"><span>Related content</span></h3><ul><li><a href="https://www.kiplinger.com/personal-finance/travel/hurricane-season-what-travelers-need-to-know">Hurricane Season 2025: What Travelers Need to Know This Summer</a></li><li><a href="https://www.kiplinger.com/personal-finance/home-insurance/expert-guide-to-preparing-your-home-for-storms-and-fires">Is Your Home Disaster-Ready? An Insurance Expert's Guide to Preparing for Storms and Fires</a></li><li><a href="https://www.kiplinger.com/personal-finance/storm-chaser-scam">‘Storm Chaser’ Scammers Are Targeting Natural Disaster Victims</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/personal-finance/home-insurance/lightning-safety-tips-for-homeowners</link> <description> <![CDATA[ Learn how to protect your home, electronics, and personal safety from lightning strikes this summer — plus what your insurance might cover. ]]> </description> <guid isPermaLink="false">VqPmpTT8KUGHUDPftbjNuF</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/Qoub6ozCGDwKhnDkA9oPFK.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Fri, 27 Jun 2025 16:39:43 +0000</pubDate> <category><![CDATA[Home Insurance]]></category> <category><![CDATA[Personal Finance]]></category> <category><![CDATA[Insurance]]></category> <dc:creator><![CDATA[ Paige Cerulli ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/Qoub6ozCGDwKhnDkA9oPFK.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[Picture of lightning striking behind house]]></media:text> <media:title type="plain"><![CDATA[Picture of lightning striking behind house]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/Qoub6ozCGDwKhnDkA9oPFK-1200-80.jpg" /> </item> <item> <title><![CDATA[ Ask the Editor, June 27: Tax Questions on Disaster Losses, IRAs ]]></title> <dc:content><![CDATA[ <p><em>Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at questions on paper checks, hurricane deductions, IRAs and timeshare losses (</em><a data-analytics-id="inline-link" href="https://subscribe.kiplinger.com/loc/KTP/kipcomstorykt" target="_blank"><u><em>Get a free issue of The Kiplinger Tax Letter or subscribe</em></u></a><em>.)</em></p><h2 id="1-the-irs-and-paper-checks-2">1. The IRS and Paper Checks</h2><p><strong>Question: </strong>I heard that the IRS will no longer accept paper checks from taxpayers after September 30. Is that accurate?<br><br><strong>Joy Taylor: </strong>Yes and no. President Trump signed an executive order earlier this year mandating that the Treasury Department get rid of <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/u-s-treasury-to-eliminate-paper-checks-this-year-what-it-means-for-you">paper checks</a> for recipients of benefits, tax refunds and other payments, effective October 1. He is ordering all federal departments and agencies to use electronic funds transfers, including direct deposit, prepaid card accounts and other digital payment options. That means that after September 30, the IRS should no longer be sending out <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/irs-tax-refund-calendar#:~:text=The%20average%20federal%20tax%20refund,your%20payment%20from%20the%20IRS.">tax refunds</a> in the form of paper checks. There will be limited exceptions.<br><br>That executive order also discusses prohibiting people from mailing paper checks to the government, such as when a taxpayer sends in a tax payment via paper check to the IRS. However, it doesn’t appear that the September 30 deadline applies to government receipts, as it does to government disbursements. Instead, the White House executive order doesn’t set a date, but uses the phrase “as soon as practicable” for this purpose.</p><h2 id="2-traditional-ira-and-roth-iras-2">2. Traditional IRA and Roth IRAs</h2><p><strong>Question: </strong>Can an individual have a traditional IRA and a Roth IRA at the same time, and can they make contributions to both accounts in the same year?</p><p><strong>Joy Taylor: </strong>Yes, an individual may have a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-plans/traditional-ira/602169/traditional-ira-basics-contributions-rmds">traditional IRA</a> and a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/roth-iras-what-they-are-and-how-they-work">Roth IRA</a> at the same time, and the owner can make contributions to both in the same year. However, the aggregate amount of contributions to those IRAs (traditional and Roth) in a year is limited. For 2025, the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/401-k-and-ira-contribution-limit-changes">IRA contribution limit</a> is $7,000 ($8,000 if you are 50 or older). For example, if you are 55 and contribute $3,000 to a traditional IRA in 2025, you can only contribute up to $5,000 to a Roth IRA in 2025.</p><p>Note that you must also have compensation, such as wages or self-employment earnings. And there is an income ceiling on making contributions to a Roth IRA. For 2025, the ability to make contributions to a Roth IRA phases out at adjusted gross incomes of $236,000 to $246,000 for joint filers and $150,000 to $165,000 for single filers. This income ceiling doesn't apply to contributions to a traditional IRA.</p><h2 id="3-prior-year-hurricane-losses-2">3. Prior-Year Hurricane Losses</h2><p><strong>Question: </strong>I live in Florida, and in 2022, my home suffered serious damage from Hurricane Ian. I’ve heard the government has recently changed the deduction for disaster losses. But I already filed my 2022 tax return in early 2023. How can I take advantage of this change? <br><br><strong>Joy Taylor: </strong>Personal casualty losses can be deducted to the extent the losses are attributable to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/tax-deductions/tax-laws-for-victims-of-federally-declared-disaster-Kiplinger-Tax-Letter">federally declared disasters</a>, such as hurricanes, earthquakes, wildfires, blizzards or flooding, that affect a wide area. Individuals can deduct personal losses on their Form 1040 to the extent not reimbursed by insurance. Your loss is equal to the smaller of the damaged property’s adjusted basis or decline in value, less any insurance proceeds you received or expect to receive.</p><p>Legislation passed by Congress last year has tax easings similar to those given to victims of federally declared disasters in 2018-2020. The relief generally applies to disasters that took place in 2021-2024. This would include damage to your home from Hurricane Ian. The law lets individuals deduct personal disaster losses even if they don’t itemize on Schedule A. You can write off uninsured personal losses in excess of a $500 threshold without regard to the "10% of adjusted gross income" offset that generally applies to disaster loss deductions. This net loss is treated as an additional standard deduction for nonitemizers.</p><p>Since you have already filed your 2022 <a data-analytics-id="inline-link" href="https://www.irs.gov/forms-pubs/about-form-1040" target="_blank">Form 1040</a>, you can amend it to take the more generous disaster loss deduction by filing <a data-analytics-id="inline-link" href="https://www.irs.gov/forms-pubs/about-form-1040x" target="_blank">Form 1040-X</a>. Note that you generally have three years from the date you filed your original return to file Form 1040-X to amend your return. If you filed your original return before the April 15 due date, then you have three years from the original April 15 due date to file an amended return. For example, if you filed your 2022 return on March 24, 2023, you have until April 15, 2026, to amend it. When amending your return, you would use <a data-analytics-id="inline-link" href="https://www.irs.gov/forms-pubs/about-form-4684" target="_blank">Form 4684</a> to calculate the loss. Follow the instructions on Form 4684 for reporting a “qualified disaster loss.”</p><h2 id="4-selling-a-timeshare-2">4. Selling a Timeshare</h2><p><strong>Question: </strong>I own a timeshare, and I am thinking of selling it. Will I have to pay federal income tax on the sale?</p><p><strong>Joy Taylor:</strong> Most people who sell a timeshare sell it at a loss. Losses from <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/spending/t059-c000-s002-how-to-get-rid-of-a-timeshare.html">sales of timeshares</a> held for personal use are nondeductible. If you’re one of the lucky few that sells a timeshare at a profit, you will have <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/capital-gains-tax/602224/capital-gains-tax-rates">capital gain</a> equal to the sales price less your tax basis in the timeshare. Different tax rules apply to sales of timeshares held for rental or mixed personal/rental use.</p><h3 class="article-body__section" id="section-about-ask-the-editor-tax-edition"><span>About Ask the Editor, Tax Edition</span></h3><p>Subscribers of <em>The Kiplinger Tax Letter and The Kiplinger Letter </em>can ask Joy questions about tax topics. You'll find full details of how to submit questions in <em>The Kiplinger Tax Letter and The Kiplinger Letter</em>.<em> (</em><a data-analytics-id="inline-link" href="https://subscribe.kiplinger.com/loc/KTP/kipcomstorykt" target="_blank"><em>Subscribe to The Kiplinger Tax Letter</em></a><em> or </em><a data-analytics-id="inline-link" href="https://subscribe.kiplinger.com/loc/KWP/kipcomarticles" target="_blank"><em>The Kiplinger Letter</em></a><em>.)</em></p><p>We have already received many questions from readers on topics related to inherited IRAs, energy upgrades made to a home and more. We’ll answer some of these in a future Ask the Editor round-up. So keep those questions coming!</p><p>Not all questions submitted will be published, and some may be condensed and/or combined with other similar questions and answers, as required editorially. The answers provided by our editors and experts, in this Q&A series, are for general informational purposes only. While we take reasonable precautions to ensure we provide accurate answers to your questions, this information does not and is not intended to, constitute independent financial, legal, or tax advice. You should not act, or refrain from acting, based on any information provided in this feature. You should consult with a financial or tax advisor regarding any questions you may have in relation to the matters discussed in this article.</p><h3 class="article-body__section" id="section-more-reader-questions-answered"><span>More Reader Questions Answered</span></h3><ul><li><a href="https://www.kiplinger.com/taxes/tax-deductions/ask-the-editor-june-20-tax-deductions-and-iras">Ask the Editor: Questions on Tax Deductions and IRAs</a></li><li><a href="https://www.kiplinger.com/taxes/tax-returns/ask-the-editor-june-13-questions-on-home-sales">Ask the Editor: Questions on Home Sales and Taxes</a></li><li><a href="https://www.kiplinger.com/taxes/tax-returns/ask-the-editor-questions-on-hobby-losses-medicare">Ask the Editor: Questions on Hobby Losses, Medicare</a></li><li><a href="https://www.kiplinger.com/taxes/tax-law/ask-the-editor-may-30-one-big-beautiful-bill">Ask the Editor: Questions on Trump's Big Beautiful Bill</a></li><li><a href="https://www.kiplinger.com/taxes/capital-gains-tax/ask-the-editor-may-16-questions-on-capital-gains">Ask the Editor: Questions on capital gains</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/taxes/tax-returns/ask-the-editor-june-27-questions-on-disaster-losses-iras</link> <description> <![CDATA[ In this week's Ask the Editor Q&A, we answer tax questions from readers on paper checks, hurricane losses, IRAs and timeshares. ]]> </description> <guid isPermaLink="false">tS8eYm98z9CqWePS4ePNub</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/GpDSZVzccYuQHsMLF64KdQ.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Fri, 27 Jun 2025 15:02:00 +0000</pubDate> <category><![CDATA[tax returns]]></category> <category><![CDATA[Tax Planning]]></category> <category><![CDATA[Traditional IRA]]></category> <category><![CDATA[Roth IRAs]]></category> <category><![CDATA[Tax Refunds]]></category> <category><![CDATA[Tax Deductions]]></category> <category><![CDATA[Taxes]]></category> <category><![CDATA[Retirement]]></category> <category><![CDATA[Retirement Plans]]></category> <author><![CDATA[ joy.taylor@futurenet.com (Joy Taylor) ]]></author> <dc:creator><![CDATA[ Joy Taylor ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/GpDSZVzccYuQHsMLF64KdQ.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[Ask the Editor logo plus woman holding pencil, with checklist and calculator]]></media:text> <media:title type="plain"><![CDATA[Ask the Editor logo plus woman holding pencil, with checklist and calculator]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/GpDSZVzccYuQHsMLF64KdQ-1200-80.jpg" /> </item> <item> <title><![CDATA[ Paramount+ Premium Debuts: Why "With Showtime" Got the Cut ]]></title> <dc:content><![CDATA[ <p>Just when you thought streaming tiers couldn’t get more complex, Paramount+ quietly hit the "simplify" button.</p><p>On June 23, 2025, Paramount+ quietly rebranded its ad-free, top-tier subscription, formerly known as Paramount+ with Showtime, as Paramount+ Premium.</p><p>The switch won’t cost you a penny more (still $12.99/month or $119.99/year) and your favorite Showtime staples like Yellowjackets, Billions and Dexter<em> will </em>remain front and center. It’s the same streaming platform, just with clearer branding.</p><h2 id="how-paramount-streaming-plans-have-changed-over-time-2">How Paramount+ streaming plans have changed over time</h2><p>Paramount’s streaming journey began as CBS All Access, which <a data-analytics-id="inline-link" href="https://www.theverge.com/2021/2/24/22299615/paramount-plus-launch-date-price-cbs-all-access-shows-movies" target="_blank">rebranded to Paramount+</a> in 2021 to align with the broader Paramount Global portfolio.</p><p>In 2023, the standalone Showtime app was shuttered and its content folded into "<a data-analytics-id="inline-link" href="https://www.cnbc.com/2023/05/22/paramount-plus-showtime-merger-date.html" target="_blank">Paramount+ with Showtime</a>," creating a single home for both libraries. That bundled tier debuted in early 2023, offering more value but adding complexity to the naming hierarchy.</p><h2 id="what-changed-with-the-new-paramount-premium-plan-2">What changed with the new Paramount+ Premium plan</h2><ul><li><strong>Name Update:</strong> The label Paramount+ with Showtime is now Paramount+ Premium.<br></li><li><strong>What Stays the Same:</strong><ul><li>Price: $12.99/mo or $119.99/yr</li><li>Ad-free viewing (excluding live TV ads)</li><li>Full access to Showtime originals alongside Paramount’s 40,000-plus episodes and movies</li></ul></li></ul><h2 id="why-paramount-rebranded-its-showtime-tier-in-2025-2">Why Paramount+ rebranded its Showtime tier in 2025</h2><p>Paramount Global isn’t simply chasing a trend. This rebrand is a calculated move. Here are a few reasons why Paramount may have made the switch.</p><ul><li><strong>Broader Showtime Sampling:</strong> According to <a href="https://help.paramountplus.com/s/article/PD-Why-did-you-change-the-name-of-the-Paramount-with-SHOWTIME-plan-to-the-Premium-plan" target="_blank"><u>a statement,</u></a> Paramount recently began rolling a selection of Showtime series into its lower-cost Essential tier. With Showtime no longer exclusive to the top tier, keeping it in the plan name overstated its role.</li><li><strong>Skydance Merger on the Horizon:</strong> Ahead of a planned<a href="https://www.tomsguide.com/entertainment/streaming/paramount-plus-with-showtime-is-dead-meet-paramount-plus-premium" target="_blank"><u> merger with Skydance Media</u></a>, Paramount Global is streamlining its offerings under a single, cohesive brand umbrella</li><li><strong>Simpler Consumer Messaging:</strong> Fewer sub-brands reduce confusion and marketing complexity which is critical in a landscape where every syllable matters.</li></ul><p>Oddly enough though, Paramount stated that the name ‘Paramount+ with SHOWTIME’ network on your cable, satellite, or live TV streaming service (like Hulu with Live TV) will remain for now.</p><h2 id="what-the-paramount-premium-rebrand-means-for-you-2">What the Paramount+ Premium rebrand means for you</h2><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:2120px;"><p class="vanilla-image-block" style="padding-top:66.70%;"><img id="JYcwGJqzb9wct2WBAAJ9i8" name="GettyImages-2214959397" alt="A couple laughs together while enjoying a cozy movie night at home" src="https://cdn.mos.cms.futurecdn.net/JYcwGJqzb9wct2WBAAJ9i8.jpg" mos="" align="middle" fullscreen="" width="2120" height="1414" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><p>For current Paramount+ customers, this name change is purely cosmetic. You won't see a new charge or have to update your billing info. Your app will now label the top tier as "Premium," but all your saved shows, watchlists and profiles carry over seamlessly.</p><p>If you’re new to Paramount+, the "Premium" tag immediately signals an ad-free experience so there’s no more deciphering multi-part plan names. It’s the same library, same price, same benefits with just a more straightforward path to the content you crave.</p><p>With this refresh, Paramount+ aims to cut through the noise of tiered streaming and deliver a crystal-clear subscription platform at a glance.</p><h3 class="article-body__section" id="section-related-content"><span>Related Content:</span></h3><ul><li><a href="https://www.kiplinger.com/personal-finance/how-to-save-money/family-savings/601268/a-guide-to-streaming-services">Nine Ways You Can Save Money on Streaming Services</a></li><li><a href="https://www.kiplinger.com/personal-finance/spending/heres-how-to-get-the-disney-plus-hulu-max-bundle-for-usd10">Here's How to Get the Disney Plus, Hulu, Max Bundle for $10</a></li><li><a href="https://www.kiplinger.com/personal-finance/a-guide-to-music-streaming-services">A Guide to Music Streaming Services</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/business/ecommerce/paramount-plus-premium-rebrand-why-showtime-name-changed</link> <description> <![CDATA[ Paramount+ drops its "with Showtime" label — same price, same content, simpler branding as Showtime titles spread across plans. ]]> </description> <guid isPermaLink="false">JTqhoZiznKtGHKSrQQAyTm</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/tV42xALrLfDU4Mev6wiYuJ.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Fri, 27 Jun 2025 14:51:51 +0000</pubDate> <category><![CDATA[Spending]]></category> <category><![CDATA[Personal Finance]]></category> <dc:creator><![CDATA[ Choncé Maddox ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/tV42xALrLfDU4Mev6wiYuJ.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[Paramount+ App icon on cell phone screen. ]]></media:text> <media:title type="plain"><![CDATA[Paramount+ App icon on cell phone screen. ]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/tV42xALrLfDU4Mev6wiYuJ-1200-80.jpg" /> </item> <item> <title><![CDATA[ I'm 58 and Unexpectedly Inherited $650K: Does This Change My Retirement Timeline? ]]></title> <dc:content><![CDATA[ <p><strong>Question</strong>: I'm 58 and unexpectedly inherited $650,000. Does this change my retirement timeline?</p><p><strong>Answer</strong>: You're not alone! In the coming years, $105 trillion in wealth is expected to change hands as older Americans pass on inheritances to their loved ones, according to projections from <a data-analytics-id="inline-link" href="https://www.cerulli.com/press-releases/cerulli-anticipates-124-trillion-in-wealth-will-transfer-through-2048" target="_blank"><u>Cerulli</u></a>. Happily, the timing and sum of an inheritance could give you more flexibility in the context of your retirement plans.</p><p>If you’re 58 years old and suddenly learn that you’re in line for a $650,000 inheritance, it could inspire you to rethink your retirement timeline (right after you're done celebrating, that is). That could mean retiring right away or at an earlier age than you initially expected. But should a sum of that size alter your plans significantly? Let’s dive in.</p><h2 id="a-sudden-inheritance-means-more-options-for-retirement-2">A sudden inheritance means more options for retirement</h2><p>When a surprise windfall lands in your lap, it can open up doors, says <a data-analytics-id="inline-link" href="https://www.wealthenhancement.com/s/meet-our-team/bio/patrick-doherty-MCXMMUYKRRYVEZ7M74PNWW3KNJOE" target="_blank"><u>Patrick Doherty</u></a>, SVP and financial adviser at Wealth Enhancement Group.</p><p>“A $650,000 inheritance is a tremendous gift and may allow you to alter your retirement timeline to some degree,” he says. “More importantly, it could increase your probability of retirement success and reduce the chance of depleting your assets.”</p><p>As Doherty explains, that lump sum of money might allow you to do things like <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/retirement/t051-c001-s003-boost-social-security-benefit-when-you-delay.html">delay Social Security</a> for larger monthly checks. For each year you hold off on taking benefits past <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/603439/whats-my-social-security-full-retirement-age"><u>full retirement age</u></a>, you get an 8% increase in your monthly checks. That puts less pressure on your savings while potentially boosting your monthly income.</p><p>Another thing a $650,000 inheritance could do for you, says Doherty, is allow you to pay off debt, whether it’s student loans, credit cards, or even a lingering <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/mortgages/is-paying-off-your-mortgage-before-retirement-a-good-idea">mortgage</a>.</p><p>“Reducing or eliminating debt can improve your ability to retire on time,” he says.</p><p>Plus, if you have a pension, a large inheritance can provide greater flexibility on when and how to take it.</p><p>“Pensions usually have a penalty if taken early, so you may be able to avoid those penalties by tapping into your pension benefits later than you may have without the inheritance,” Doherty explains.</p><p>Of course, if you’re behind on retirement savings, a $650,000 windfall could be your ticket to catching up and ending your career at a more optimal age. <a data-analytics-id="inline-link" href="https://press.aarp.org/2024-4-24-New-AARP-Survey-1-in-5-Americans-Ages-50-Have-No-Retirement-Savings" target="_blank"><u>AARP</u></a> says that 20% of Americans 50 and over have no money set aside for retirement whatsoever. Rather than struggle to make <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/iras/what-is-an-ira-and-which-type-is-best-for-you">IRA</a> or 401(k) catch-ups, a $650,000 inheritance could be the lump sum that closes the gap between where you are and where you want to be savings-wise.</p><h2 id="an-inheritance-could-be-the-key-to-preserving-your-nest-egg-2">An inheritance could be the key to preserving your nest egg</h2><p>It’s unfortunate that many people approach retirement with little or no savings. However, even if you have a larger nest egg, you may be concerned about it running out. A recent <a data-analytics-id="inline-link" href="https://www.allianzlife.com/about/newsroom/2025-Press-Releases/Americans-Are-More-Worried-About-Running-Out-of-Money-Than-Death" target="_blank"><u>Allianz survey</u></a>, in fact, found that 64% of respondents worry more about running out of money than dying.</p><p>A $650,000 inheritance, says Doherty, could be your ticket to making your money last.</p><p>“You may be able to decrease your withdrawal rate from your investable assets,” he explains. “For example, before the inheritance, if you needed a 6% to 7% annual withdrawal rate to keep up with expenses, the additional assets could lower this to a more sustainable rate.”</p><p>For many years, the 4% rule was the standard when it came to managing portfolio assets in retirement. In recent years, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/the-4-rule-gets-a-closer-look"><u>experts have questioned it</u></a>.</p><p>In 2021, <a data-analytics-id="inline-link" href="https://www.morningstar.com/retirement/morningstars-retirement-income-research-reevaluating-4-withdrawal-rule" target="_blank"><u>Morningstar</u></a> identified 3.3% as a safe withdrawal rate for retirement. In 2024, it adjusted that number to 3.7%.</p><p>You may need to continuously adjust your retirement savings withdrawal rate based on market conditions and your specific investment objectives. But having an extra $650,000 to work with makes it easier to maintain your lifestyle if you need to make changes to ensure that your nest egg isn’t depleted prematurely.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><h2 id="don-t-rush-into-early-retirement-2">Don't rush into early retirement</h2><p>You may be inclined to use a $650,000 inheritance as an opportunity to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/how-to-retire-early">retire early</a>. At 58, you’re generally too young to take <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/could-you-retire-at-59.5-considerations">penalty-free withdrawals</a> from an IRA or 401(k), but there’s nothing to stop you from using an inheritance to buy yourself an early workforce exit.</p><p>Doherty, however, says it’s important to think carefully before retiring earlier than planned.</p><p>“With retirement longevity increasing over the decades, it is not unusual for people to have a 30-plus year retirement,” he says. “Because of this, you need your assets to last longer.”</p><p>A large windfall can reduce your chances of running out of money, but an early retirement could erode that security, not to mention leave you with less annual income once you’re no longer employed. That’s why Doherty suggests thinking about what you want life to look like in retirement and considering how your inheritance might lend to that.</p><p>Even with a generous inheritance, "It is not always the best course of action to retire early,” Doherty says. “It’s better to plan your retirement and stick to a timeline that will support you and the lifestyle you deserve.”</p><h3 class="article-body__section" id="section-read-more"><span>Read More</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/the-rule-of-25-for-retirement-planning">The 'Rule of 25' for Retirement Planning: Start Here</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/600895/retirement-savings-calculator">Retirement Calculator: How Much Do I Need to Retire?</a></li><li><a href="https://www.kiplinger.com/retirement/how-to-retire-early-by-50">Retire Early: How to Retire at 50 or 55</a></li><li><a href="https://www.kiplinger.com/retirement/inheritance/603880/6-of-the-best-assets-to-inherit">What Is a Good Inheritance? Six Great Assets to Inherit</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/retirement/retirement-planning/im-58-and-unexpectedly-inherited-usd650k-does-this-change-my-retirement-timeline</link> <description> <![CDATA[ We asked an expert financial adviser to weigh in. ]]> </description> <guid isPermaLink="false">wk5c7JHpvp4rZwXvHVFbyi</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/YR7EDjPwTPvtWJtMLmWrtB.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Fri, 27 Jun 2025 10:02:00 +0000</pubDate> <category><![CDATA[Retirement Planning]]></category> <category><![CDATA[Estate Planning]]></category> <category><![CDATA[Retirement]]></category> <dc:creator><![CDATA[ Maurie Backman ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/YR7EDjPwTPvtWJtMLmWrtB.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[Man relaxing on balcony with digital tablet in hands. He appears to be in his 50s.]]></media:text> <media:title type="plain"><![CDATA[Man relaxing on balcony with digital tablet in hands. He appears to be in his 50s.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/YR7EDjPwTPvtWJtMLmWrtB-1200-80.jpg" /> </item> <item> <title><![CDATA[ Why Smart Retirees Are Ditching Traditional Financial Plans ]]></title> <dc:content><![CDATA[ <p>Today’s economic landscape is making it difficult for many to retire.</p><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/inflation">Inflation</a>, market volatility, rising health care costs and uncertainty surrounding <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/interest-rates">interest rates</a> are taking their toll on Americans; 70% say their financial stress is at an all-time high, according to a recent survey by <a data-analytics-id="inline-link" href="https://includedhealth.com/announcements/financial-anxiety-at-an-all-time-high-as-americans-struggle-with-access-to-care/" target="_blank">Talker Research on behalf of Doctor On Demand by Included Health</a>.</p><p>That stress is pushing people to rethink traditional financial strategies that have been followed for decades. Old wisdom taught investment strategies such as the 60/40 portfolio, which allocates 60% of your investments to stocks and 40% to bonds, and the “set-it-and-forget-it” approach that purely relies on the S&P 500 Index.</p><p>Those models are outdated and built for a different era, and today’s retirees need more than just market exposure — they need flexibility, protection and purpose behind their investments.</p><p><em>The Kiplinger Building Wealth program handpicks financial advisers and business owners from around the world to share retirement, estate planning and tax strategies to preserve and grow your wealth. These experts, who never pay for inclusion on the site, include professional wealth managers, fiduciary financial planners, CPAs and lawyers. Most of them have certifications including CFP®, ChFC®, IAR, AIF®, CDFA® and more, and their stellar records can be checked through the </em><a data-analytics-id="inline-link" href="https://adviserinfo.sec.gov/" target="_blank"><em>SEC</em></a><em> or </em><a data-analytics-id="inline-link" href="https://brokercheck.finra.org/" target="_blank"><em>FINRA</em></a><em>.</em></p><p>Just as markets don’t always move in a straight line, our investment goals are constantly changing. As people live longer, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/average-cost-of-health-care-by-age">health care costs</a> rise and more families support <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/aging-parents-what-you-need-to-know">aging parents</a> and children, they can’t build a financial plan that is focused only on growth.</p><p>That’s where planning, not guessing, comes into play.</p><p>I’ve seen firsthand how people feel more confident and less anxious when their financial life is broken down into clear, strategic roles.</p><p>So we’ve designed a process called the Tailor-Made Wealth Plan, a four-part framework that helps organize wealth in a way that reflects real-life risks and goals, not just theoretical averages.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><h2 id="the-four-financial-roles-every-retirement-plan-should-cover-2">The four financial roles every retirement plan should cover</h2><p><strong>Liquidity.</strong> Every plan should start with accessible cash in an <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/steps-to-build-an-emergency-fund">emergency fund</a> that covers three to six months of essential expenses. It’s difficult to predict when disaster could strike with a medical emergency, an expensive home repair or a large stock market correction.</p><p>This fund protects retirees from poor decisions during downturns and gives them the freedom to ride out <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/market-volatility-avoid-common-investing-pitfalls">volatility</a>.</p><p><strong>Income.</strong> After an emergency fund is built, the next priority is ensuring a guaranteed income stream covering day-to-day living.</p><p>For many, this means incorporating strategies like <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/fixed-index-annuities-pros-and-cons-as-retirement-tools">fixed indexed annuities</a>, which grow based on the performance of a stock index, like the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/tag/sandp-500">S&P 500</a>, but where the principal is protected against market volatility.</p><p>Some fixed indexed annuities include an income rider, which guarantees a predictable income payment through retirement, for an annual fee.</p><p><strong>Growth.</strong> Growth still matters, but with a tactical lens. We use active models and strategies that track key economic indicators each month to manage our clients’ investment accounts.</p><p>Depending on those signals, we shift our portfolios between growth-focused <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/etfs">exchange-traded funds</a> (ETFs) and defensive positions. It’s important to adjust investments based on economic strength to capitalize on growth without exposing yourself to risk.</p><p><strong>Long-term care protection.</strong> As retirees live longer, many do so in poorer health and accumulate large medical expenses. Unfortunately, this is one of the most overlooked risks in retirement and can drain their portfolio if they don’t prepare for it.</p><p>People can self-insure this risk using hybrid long-term care strategies or asset-based long-term care annuities, ensuring that care doesn’t come at the expense of their legacy.</p><h2 id="don-t-forget-to-plan-for-taxes-2">Don't forget to plan for taxes</h2><p>Taxes also need to be considered within each financial plan. Even the most well-designed retirement plans can fall apart if taxes are ignored.</p><p>Ordinary income from IRA withdrawals can push you into higher brackets, required minimum distributions (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-plans/required-minimum-distributions-rmds/602350/rmd-basics-12-things-you">RMDs</a>) on tax-deferred accounts can balloon your taxable income and Medicare income-related monthly adjustment amount (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/medicare-premiums-2025-projected-irmaa-for-parts-b-and-d">IRMAA</a>) surcharges can increase premiums if your income isn’t carefully managed.</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Building Wealth</strong></em></a><em><strong>, our free, twice-weekly newsletter.</strong></em></p><p>That’s why tax strategy can’t be an afterthought in your financial plan. You should work with a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/how-to-find-a-financial-adviser">financial planner</a> to strategically draw from retirement accounts, implement <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-plans/roth-iras/601607/why-are-roth-conversions-so-trendy-right-now-the-case">Roth conversions</a> when efficient, minimize IRMAA penalties and align your plan with <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/cfp-vs-cpa-whats-the-difference">CPAs</a> and estate attorneys.</p><p>Your retirement assets should be as organized and intentional as they were in your working years. In today’s market, real planning isn’t about chasing returns, it’s about aligning your wealth with your lifestyle, values and real-world uncertainties.</p><p>Don’t rely on a one-size-fits-all portfolio. A retirement plan shouldn’t just hope for the best — it should prepare for the financial challenges of the future.</p><p><em>The commentary on this article reflects the personal opinions, viewpoints and analyses of the author, Matt Eilers, and should not be regarded as a description of advisory services provided by Foundations Investment Advisors, LLC (“Foundations”), or performance returns of any Foundations client. The views reflected in the commentary are subject to change at any time without notice. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security, or any security. Foundations manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Foundations deems reliable any statistical data or information obtained from or prepared by third party sources that is included in any commentary, but in no way guarantees its accuracy or completeness. </em><br><br><em>A Roth conversion may not be suitable for your situation. The primary goal in converting retirement assets into a Roth IRA is to reduce the future tax liability on the distributions you take in retirement, or on the distributions of your beneficiaries. The information provided is to help you determine whether or not a Roth IRA conversion may be appropriate for your particular circumstances. Please review your retirement savings, tax, and legacy planning strategies with your legal/tax advisor to be sure a Roth IRA conversion fits into your planning strategies. </em><br><br><em>Any comments regarding safe and secure investments and guaranteed income streams refer only to fixed insurance products. They do not in any way refer to investment advisory products. Rates and guarantees provided by insurance products and annuities are subject to the financial strength of the issuing insurance company; not guaranteed by any bank or the FDIC. </em><br><br><em>This is not endorsed by the U.S. government or associated with any federal Medicare program. If applicable, we do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.Gov or 1-800-MEDICARE to get information on all of your options. </em></p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/kiplinger-advisor-collective/are-60-40-portfolios-still-relevant-today">Are 60/40 Portfolios Still Relevant Today?</a></li><li><a href="https://www.kiplinger.com/retirement/401ks/in-trumps-economy-should-401-k-savers-set-it-and-forget-it">In Trump’s Economy, Should 401(k) Savers 'Set It and Forget It'?</a></li><li><a href="https://www.kiplinger.com/retirement/the-4-percent-rule-doesnt-mean-you-wont-go-broke-in-retirement">The 4% Rule Doesn't Mean You Won't Go Broke in Retirement</a></li><li><a href="https://www.kiplinger.com/retirement/in-your-50s-we-need-to-talk-about-long-term-care">In Your 50s? We Need to Talk About Long-Term Care</a></li><li><a href="https://www.kiplinger.com/retirement/a-tax-strategy-now-helps-make-retirement-less-expensive-later">A Tax Strategy Now Helps Make Retirement Less Expensive Later</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content> <link>https://www.kiplinger.com/retirement/retirement-planning/why-smart-retirees-are-ditching-traditional-financial-plans</link> <description> <![CDATA[ Financial plans based purely on growth, like the 60/40 portfolio, are built for a different era. Today’s retirees need plans based on real-life risks and goals and that feature these four elements. ]]> </description> <guid isPermaLink="false">RcKWyAsWn3ErcBw4yM3fAS</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/GZP6d9PZxb3YRjVEJZYQfF.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Fri, 27 Jun 2025 09:35:00 +0000</pubDate> <category><![CDATA[Retirement Planning]]></category> <category><![CDATA[Wealth Creation]]></category> <category><![CDATA[Retirement]]></category> <category><![CDATA[Investing]]></category> <category><![CDATA[Wealth Management]]></category> <author><![CDATA[ info@medalistwealth.com (Matthew Eilers) ]]></author> <dc:creator><![CDATA[ Matthew Eilers ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/GZP6d9PZxb3YRjVEJZYQfF.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[A retired couple balance on a fallen tree trunk as they hike in the woods.]]></media:text> <media:title type="plain"><![CDATA[A retired couple balance on a fallen tree trunk as they hike in the woods.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/GZP6d9PZxb3YRjVEJZYQfF-1200-80.jpg" /> </item> <item> <title><![CDATA[ To My Small Business: Well, I've Been Afraid of Changin', 'Cause I've Built My Life Around You ]]></title> <dc:content><![CDATA[ <p>The aging of the American population continues to accelerate, and more small and midsize business owners are wondering: <em>What do I do with my life’s work when I retire?</em></p><p>Many business owners reaching retirement age are considering handing off their business to the next generation, whether a family member, a colleague or an outside interest.</p><p>Data from the U.S. Census Bureau shows that just over half (52.3%) of U.S. employer-businesses are owned by people who are at or near retirement age, while <a data-analytics-id="inline-link" href="https://exit-planning-institute.org/state-of-owner-readiness" target="_blank">51% of the current American business market</a> is owned by Baby Boomers, who are set to transition within the next 10 years.</p><p><em>The Kiplinger Building Wealth program handpicks financial advisers and business owners from around the world to share retirement, estate planning and tax strategies to preserve and grow your wealth. These experts, who never pay for inclusion on the site, include professional wealth managers, fiduciary financial planners, CPAs and lawyers. Most of them have certifications including CFP®, ChFC®, IAR, AIF®, CDFA® and more, and their stellar records can be checked through the </em><a data-analytics-id="inline-link" href="https://adviserinfo.sec.gov/" target="_blank"><em>SEC</em></a><em> or </em><a data-analytics-id="inline-link" href="https://brokercheck.finra.org/" target="_blank"><em>FINRA</em></a><em>.</em></p><p>According to <a data-analytics-id="inline-link" href="https://barlowresearch.com/?page_id=9402" target="_blank">Barlow Research</a>, 41% of small businesses (with revenue between $100,000 and $25 million) plan to transition the ownership of their company in the next five years. Of these, 28% plan to sell or transfer to a family member.</p><p>This rapidly advancing retirement cliff demands that business owners begin implementing a focused, holistic <a data-analytics-id="inline-link" href="https://www.kiplinger.com/business/how-to-avoid-succession-drama-at-your-company">succession plan</a>, yet many are unprepared.</p><p>Owners of <a data-analytics-id="inline-link" href="https://news.gallup.com/poll/657362/small-business-owners-lack-succession-plan.aspx" target="_blank">roughly half of U.S. businesses</a> surveyed either plan on closing their business or do not have a plan. This is especially prevalent for small businesses, with only <a data-analytics-id="inline-link" href="https://news.nationwide.com/survey-nearly-half-of-us-business-owners-expect-an-interest-rate-increase/" target="_blank">30% of small business owners</a> having a succession plan.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><h2 id="why-succession-planning-is-so-important-2">Why succession planning is so important</h2><p>Why is a plan so important? The long-term survival of a business and the legacy of the owner depend on it. Only <a data-analytics-id="inline-link" href="https://www.score.org/resource/infographic/infographic-family-business%E2%80%94successes-and-obstacles" target="_blank">30% of family-owned businesses</a> survive from the first to the second generation, dropping to 12% from the second to the third generation.</p><p>This high rate of failure can be attributed to a number of factors. Some business owners are unwilling to prepare in advance.</p><p>In some circumstances, the emotions that come with selling one’s life's work overwhelm their ability to put a plan into action.</p><p>Finally, some owners may believe that they can easily undertake their succession themselves.</p><p>Yet we frequently see that these individuals and their families move too quickly and emotionally, without considering the multiple dynamics at play.</p><p>Calling your accountant or banker from the signing table may open a can of worms that should have been dealt with in advance of signing a deal.</p><p>In other cases, perhaps you haven’t dealt with your personal finances, and your lifestyle will change due to a different income level without the business’ income (even if it’s sold for a substantial dollar amount).</p><p>However, the challenges are by no means insurmountable. By working alongside a trusted financial professional who specializes in the ins and outs of succession planning, business owners can be confident that they are well prepared for the transition to retirement.<strong> </strong></p><h2 id="elements-to-consider-when-succession-planning-2">Elements to consider when succession planning</h2><p>Finding that support is crucial when working through the numerous dynamics that we routinely see throughout the succession process, including:</p><p><strong>Timing your exit. </strong>The ideal timeline for exit planning is 18 to 24 months, allowing for comprehensive planning and taking advantage of tax benefits. Planning should start as soon as possible, even if the business owner is not ready to exit immediately.</p><p>This includes creating contingency plans and bringing in key personnel to ensure the business can continue in the event of unforeseen circumstances.</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Building Wealth</strong></em></a><em><strong>, our free, twice-weekly newsletter.</strong></em></p><p><strong>Identifying the right successor or buyer. </strong>Sometimes, owners are approached unexpectedly by brokers or <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/a-private-equity-fund-bought-your-accounting-firm-now-what">private equity firms</a>, triggering rushed transitions that can disrupt family dynamics and financial stability.</p><p>Having a succession plan in advance is a key part of <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/habits-rich-people-swear-by-to-build-and-maintain-wealth">building long-term wealth</a> and business health.</p><p><strong>Managing the culture of the business and family members. </strong>Family governance is crucial when involving family members in the business. Open, honest conversations are necessary to align everyone's values and expectations.</p><p>Trust and communication are key to successful transitions, and experienced advisers can help navigate these complex situations.</p><p><strong>Regular planning. </strong>Ongoing <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/financial-planning-the-best-defense-against-financial-fear">financial planning</a> is essential, as circumstances can change. Regular check-ins and reevaluations are necessary to adapt plans as needed.</p><p>This includes considering the impact of increased costs or changes in family dynamics on the overall financial plan.</p><p>A trusted partner can be the difference between a successful and failed succession. Leveraging the experience of specialists can help ensure that decades of work are rewarded to their full extent, and the next generation is primed to build on an owner's legacy.</p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/succession-planning-strategies-for-a-smooth-transition">Succession Planning: Three Strategies for a Smooth Transition</a></li><li><a href="https://www.kiplinger.com/business/sell-your-business-how-to-prepare">Seven Essentials When Preparing to Sell Your Business</a></li><li><a href="https://www.kiplinger.com/business/you-just-sold-your-business-now-what">You’ve Just Sold Your Business: Now What?</a></li><li><a href="https://www.kiplinger.com/business/tax-breaks-business-owners-might-not-know-about">Five Tax Breaks Business Owners Might Not Know About</a></li><li><a href="https://www.kiplinger.com/business/how-to-avoid-succession-drama-at-your-company">Here’s How You Can Avoid Succession Drama at Your Company</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content> <link>https://www.kiplinger.com/business/small-business/strategies-for-business-owners-afraid-of-succession-planning</link> <description> <![CDATA[ While thinking about succession planning might feel like anticipating a landslide (here's to you, Fleetwood Mac), there are strategies you can implement to manage the uncertainty and the transition. ]]> </description> <guid isPermaLink="false">HKktViHDbakUpa7NUcRLok</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/HeVaxLfYZvTMftfAF3WyBN.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Fri, 27 Jun 2025 09:30:00 +0000</pubDate> <category><![CDATA[Small Business]]></category> <category><![CDATA[Wealth Creation]]></category> <category><![CDATA[Business]]></category> <category><![CDATA[Investing]]></category> <category><![CDATA[Wealth Management]]></category> <dc:creator><![CDATA[ Mark Valentino ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/HeVaxLfYZvTMftfAF3WyBN.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[An older woman and her adult daughter smile as they discuss business issues in the older woman's office.]]></media:text> <media:title type="plain"><![CDATA[An older woman and her adult daughter smile as they discuss business issues in the older woman's office.]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/HeVaxLfYZvTMftfAF3WyBN-1200-80.jpg" /> </item> <item> <title><![CDATA[ Stock Market Today: S&P 500, Nasdaq Near New Highs ]]></title> <dc:content><![CDATA[ <p>Stocks opened with modest gains Thursday and edged higher throughout the session thanks to a round of well-received economic data and the potential for a delayed trade-deal deadline.</p><p>Ahead of the open, the Labor Department said <a data-analytics-id="inline-link" href="https://www.dol.gov/sites/dolgov/files/OPA/newsreleases/ui-claims/20251082.pdf" target="_blank"><u>initial jobless claims</u></a> fell by 10,000 last week to 236,000.</p><p>Separate data from the <a data-analytics-id="inline-link" href="https://www.census.gov/manufacturing/m3/adv/current/index.html" target="_blank"><u>Census Bureau</u></a> showed durable goods orders jumped 16.4% in May, the fifth increase in six months.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_TZ5u6hI1_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="TZ5u6hI1"> <div id="botr_TZ5u6hI1_a7GJFMMh_div"></div> </div> </div></div><p>Still, the final reading on first-quarter gross domestic product (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/gdp">GDP</a>) showed that the U.S. economy <a data-analytics-id="inline-link" href="https://www.bea.gov/news/2025/gross-domestic-product-1st-quarter-2025-third-estimate-gdp-industry-and-corporate-profits" target="_blank"><u>did indeed contract</u></a> to start 2025.</p><p>"The takeaway from this morning's mixed data is that the economy is slowing, but remains resilient," says <a data-analytics-id="inline-link" href="https://www.linkedin.com/in/larkin1" target="_blank"><u>Chris Larkin</u></a>, managing director of Trading and Investing at E*TRADE from Morgan Stanley.</p><h2 id="will-the-july-9-tariff-deadline-be-extended-2">Will the July 9 tariff deadline be extended?</h2><p>Meanwhile, White House Press Secretary Karoline Leavitt suggested the upcoming July 9 deadline for countries to submit proposed trade plans in response to President Donald <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/whats-happening-with-trump-tariffs"><u>Trump's "Liberation Day" tariffs</u></a> could be delayed.</p><p>"The deadline is not critical," Leavitt said during a White House press briefing, noting that the Trump administration "can simply provide" a trade deal to countries that have not submitted one.</p><p>However, the press secretary underscored that any potential extension is "a decision for the president."</p><h2 id="powell-rumors-weigh-on-the-dollar-2">Powell rumors weigh on the dollar</h2><p>Outside of the equities market, speculation that President Donald Trump could name <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/economy/who-will-replace-jerome-powell-as-fed-chair"><u>a replacement for Federal Reserve Chair Jerome Powell</u></a> sooner rather than later drove the U.S. dollar to its lowest level in three years.</p><div class="tradingview-widget-container"> <div class="tradingview-widget-container__widget"></div> <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-single-quote.js" async>{"source":"singleQuote","id":"f5244bc2-5d48-48db-bbdf-5a56188e81e0","colorTheme":"light","isTransparent":false,"locale":"en","width":"350","symbol":"INDEX:DXY","realType":"embed"}</script></div><p>Trump has criticized Powell's wait-and-see approach to rate cuts, which the Fed chair says is necessary at this point due to tariff uncertainty and its potential impact on <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/inflation"><u>inflation</u></a>.</p><p>A Wednesday evening report in <a data-analytics-id="inline-link" href="https://www.wsj.com/economy/central-banking/trump-next-federal-reserve-chair-powell-d3edcb9c" target="_blank"><u>The Wall Street Journal</u></a> suggested that Trump is considering naming a replacement for Powell as soon as this summer.</p><p>With Powell's term not up until May 2026, the early announcement "could allow the chair-in-waiting to influence investor expectations about the likely path for rates, like a backseat driver, attempting to steer monetary policy before Powell’s term ends," write WSJ reporters <a data-analytics-id="inline-link" href="https://www.wsj.com/news/author/brian-schwartz"><u>Brian Schwartz</u></a> and <a data-analytics-id="inline-link" href="https://www.wsj.com/news/author/nick-timiraos"><u>Nick Timiraos</u></a>.</p><p>This is what many have referred to as a "shadow Fed chair."</p><h2 id="why-cyngn-stock-more-than-doubled-today-2">Why Cyngn stock more than doubled today</h2><p>In single-stock news, shares of <strong>Cyngn</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=CYN" target="_blank">CYN</a>) surged 171.5% after the autonomous vehicle technology company said it teamed up with artificial intelligence (AI) bellwether Nvidia.</p><div class="tradingview-widget-container"> <div class="tradingview-widget-container__widget"></div> <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-single-quote.js" async>{"source":"singleQuote","id":"d3a77344-ae6e-4372-b6de-57dabed3127d","colorTheme":"light","isTransparent":false,"locale":"en","width":"350","symbol":"NASDAQ:CYN","realType":"embed"}</script></div><p>The collaboration combines Cyngn's DriveMod AV technology with Nvidia's Isaac robotics platform "to accelerate safe, scalable autonomy across dynamic, real-world environments," the <a data-analytics-id="inline-link" href="https://investors.cyngn.com/2025-06-26-Cyngn-Highlights-Next-Generation-Robotics,-Automation-and-AI-Technologies-at-Automatica-in-Collaboration-with-NVIDIA" target="_blank"><u>press release states</u></a>.</p><p>While Thursday's rally is exciting, market participants should know that CYN is one of the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/riskiest-s-p-500-stocks-right-now"><u>riskiest stocks to buy</u></a> right now.</p><p>Heading into today's session, shares were down 96% for the year to date. And CYN's three-year <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/how-to-use-beta-in-investing"><u>beta</u></a> of 2.17 means it is much more volatile than the broader market.</p><p>Nvidia, meanwhile, joined a broader rally in mega-cap stocks and finished the day up 0.5%. <strong>Meta Platforms</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=META" target="_blank">META</a>) tacked on 2.5%, while <strong>Amazon.com</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=AMZN" target="_blank">AMZN</a>, +2.4%) and <strong>Alphabet</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=GOOGL" target="_blank">GOOGL</a>, +1.7%) also notched impressive returns.</p><p>As for the main indexes, the <strong>Dow Jones Industrial Average</strong> gained 0.9% to 43,386. The <strong>S&P 500</strong> rose 0.8% to 6,141 and the <strong>Nasdaq Composite</strong> added 1.0% to 20,167 – both benchmarks finishing within a chip-shot of their respective all-time highs of 6,144.15 from February 19 and 20,173.89 from December 16.</p><div class="tradingview-widget-container"> <div class="tradingview-widget-container__widget"></div> <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-market-overview.js" async>{"source":"marketOverview","id":"19fb22cc-e2a9-4b3b-a39b-1674120e649e","colorTheme":"light","dateRange":"12M","showChart":true,"locale":"en","largeChartUrl":"","isTransparent":false,"showSymbolLogo":true,"showFloatingTooltip":false,"width":"400","height":"550","plotLineColorGrowing":"rgba(41, 98, 255, 1)","plotLineColorFalling":"rgba(41, 98, 255, 1)","gridLineColor":"rgba(240, 243, 250, 0)","scaleFontColor":"rgba(19, 23, 34, 1)","belowLineFillColorGrowing":"rgba(41, 98, 255, 0.12)","belowLineFillColorFalling":"rgba(41, 98, 255, 0.12)","belowLineFillColorGrowingBottom":"rgba(41, 98, 255, 0)","belowLineFillColorFallingBottom":"rgba(41, 98, 255, 0)","symbolActiveColor":"rgba(41, 98, 255, 0.12)","tabs":[{"title":"Indices","originalTitle":"Indices","symbols":[{"d":"S&P 500 Index","s":"FOREXCOM:SPXUSD"},{"d":"Dow Jones Industrial Average Index","s":"FOREXCOM:DJI"},{"d":"Nasdaq Composite","s":"NASDAQ:IXIC"}]},{"title":"Futures","originalTitle":"Futures","symbols":[{"d":"S&P 500","s":"CME_MINI:ES1!"},{"d":"Euro","s":"CME:6E1!"},{"d":"Gold","s":"COMEX:GC1!"},{"d":"WTI Crude Oil","s":"NYMEX:CL1!"},{"d":"Gas","s":"NYMEX:NG1!"},{"d":"Corn","s":"CBOT:ZC1!"}]},{"title":"Bonds","originalTitle":"Bonds","symbols":[{"d":"T-Bond","s":"CBOT:ZB1!"},{"d":"Ultra T-Bond","s":"CBOT:UB1!"},{"d":"Euro Bund","s":"EUREX:FGBL1!"},{"d":"Euro BTP","s":"EUREX:FBTP1!"},{"d":"Euro BOBL","s":"EUREX:FGBM1!"}]},{"title":"Forex","originalTitle":"Forex","symbols":[{"d":"EUR to USD","s":"FX:EURUSD"},{"d":"GBP to USD","s":"FX:GBPUSD"},{"d":"USD to JPY","s":"FX:USDJPY"},{"d":"USD to CHF","s":"FX:USDCHF"},{"d":"AUD to USD","s":"FX:AUDUSD"},{"d":"USD to CAD","s":"FX:USDCAD"}]}],"realType":"embed"}</script></div><h3 class="article-body__section" id="section-related-content"><span>Related content</span></h3><ul><li><a href="https://www.kiplinger.com/investing/stocks/best-european-stocks-to-buy">The Best European Stocks to Buy</a></li><li><a href="https://www.kiplinger.com/investing/etfs/603435/best-dividend-etfs-to-buy-for-a-diversified-portfolio">Best Dividend ETFs to Buy Now</a></li><li><a href="https://www.kiplinger.com/investing/etfs/best-growth-etfs">6 Best Growth ETFs to Buy Now</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/investing/stocks/stock-market-today-s-and-p-500-nasdaq-near-new-highs</link> <description> <![CDATA[ The S&P 500 hasn't hit a new high since February. It's been since December for the Nasdaq. ]]> </description> <guid isPermaLink="false">aigRmfqpaeKQu8UCcTqfB9</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/t8sZX5NJLvibN3x7pVXdAN.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Thu, 26 Jun 2025 20:07:40 +0000</pubDate> <category><![CDATA[Stocks]]></category> <category><![CDATA[Investing]]></category> <author><![CDATA[ karee.venema@futurenet.com (Karee Venema) ]]></author> <dc:creator><![CDATA[ Karee Venema ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/t8sZX5NJLvibN3x7pVXdAN.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[arrows in different shades of green pointing up and to the right]]></media:text> <media:title type="plain"><![CDATA[arrows in different shades of green pointing up and to the right]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/t8sZX5NJLvibN3x7pVXdAN-1200-80.jpg" /> </item> <item> <title><![CDATA[ Will a GOP 'Big Bill' Incentive Help Donors Avoid Capital Gains Tax? ]]></title> <dc:content><![CDATA[ <p>U.S. Senate Republicans are scrambling to push forward President Donald Trump’s sweeping tax cut and spending bill in the coming days, and one provision would have helped some givers avoid capital gains tax.</p><p>It was a proposal tucked within the “<a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/trump-pushes-for-one-bill-with-focus-on-tax-cuts"><u>Big Beautiful Bill</u></a>” that some tax policy analysts called unprecedented, because it called for a dollar-for-dollar federal tax credit for donations to private school voucher programs, capped at $5 billion per year nationwide.</p><p>The U.S. House of Representatives' tax plan, which is undergoing revisions in the Senate, would reduce the tax incentive for most charitable giving, while nearly tripling the tax incentive available to donors that fund free or reduced private K-12 schools, according to the <a data-analytics-id="inline-link" href="https://itep.org/house-tax-bill-enlists-the-wealthy-to-spread-private-school-vouchers/#_ednref3" target="_blank"><u>Institute on Taxation and Economic Policy</u></a> (ITEP).</p><p>The provision, which was, for now, struck from the legislation by the Senate Parliamentarian late Friday (more on the implications below), would also provide donors who contribute appreciated assets, like corporate stock, to Scholarship Granting Organizations an additional tax benefit: avoiding <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/capital-gains-tax/604943/what-is-capital-gains-tax"><u>capital gains tax</u></a>.</p><p>As initially drafted, the House GOP bill would reportedly have resulted in over $2 billion in capital gains tax avoidance over the next decade.</p><p>Here’s what you need to know about this potential tax break, including where the provision stands as the Senate prepares to vote on the mega bill.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_hEB3ir3W_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="hEB3ir3W"> <div id="botr_hEB3ir3W_a7GJFMMh_div"></div> </div> </div></div><h2 id="what-is-a-tax-credit-voucher-2">What is a tax credit voucher?</h2><p>The federal provision drafted by House Republicans, designed to reward individuals who make charitable donations to <a data-analytics-id="inline-link" href="https://childrenstuitionfund.org/what-is-a-scholarship-granting-organization/" target="_blank"><u>Scholarship Granting Organizations</u></a> (SGOs), is a modified version of the proposed <a data-analytics-id="inline-link" href="https://www.congress.gov/bill/119th-congress/house-bill/833" target="_blank"><u>Educational Choice for Children Act</u></a>.</p><p>SGOs are non-profit organizations that distribute donated funds to students via scholarships, often for private school tuition. The awards can be used to pay for tuition, books, and homeschooling costs.</p><p><strong>How would the voucher tax credits work?</strong></p><ul><li>In exchange for a donation to private K-12 school vouchers, taxpayers would get a dollar-for-dollar tax credit.</li><li>The <a href="https://www.kiplinger.com/taxes/non-refundable-vs-refundable-tax-credits"><u>nonrefundable</u></a> tax credit would be limited to a greater of $5,000 or 10% of your adjusted gross income (AGI) for the taxable year.</li><li>As a bonus, individuals who donate their stock to an SGO wouldn’t have to pay <a href="https://www.kiplinger.com/taxes/capital-gains-tax/604943/what-is-capital-gains-tax"><u>capital gains taxes</u></a> on any increase in the stock’s value.</li><li>As noted, the House GOP bill would cap the tax credit at $5 billion each of the next four years, through 2029.</li></ul><p>The concept would promote private school choice by using public funds to help families pay for private school tuition or <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/you-could-save-with-529-plans-for-homeschool-what-to-know"><u>homeschooling expenses</u></a>. That includes religious schools, which most voucher students attend.</p><p>It’s also referred to as “universal school choice,” a <a data-analytics-id="inline-link" href="https://www.whitehouse.gov/fact-sheets/2025/03/fact-sheet-president-donald-j-trump-empowers-parents-states-and-communities-to-improve-education-outcomes/" target="_blank"><u>policy</u></a> that the Trump administration has advocated for. It also aligns with <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/project-2025-tax-overhaul-blueprint"><u>Project 2025</u></a>, a conservative policy agenda created by the Heritage Foundation.</p><h2 id="who-would-qualify-for-the-scholarships-2">Who would qualify for the scholarships? </h2><p>Under the GOP plan, Scholarship Granting Organizations would distribute donated money via scholarships to households earning at or below 300% of a given area’s median gross income.</p><p><strong>It would also have to be for a qualified elementary or secondary education expense, including (but not limited to):</strong></p><ul><li>Curriculum and curricular materials</li><li>Books</li><li>Fees for nationally standardized testing</li><li>Online educational materials</li><li>Tuition or fees for a private K-12 school and homeschooling expenses</li></ul><h2 id="avoid-capital-gains-tax-under-trump-s-big-bill-2">Avoid capital gains tax under Trump's 'big bill'?</h2><p>As initially drafted, the House version of Trump’s "big, beautiful bill" would have distributed $5 billion a year in federal tax credits for private school voucher donors each year.</p><p>All donors to private school voucher programs would receive a dollar-for-dollar tax break, but the bill would create a lucrative tax shelter for wealthy people who funnel pubic funds into private schools.</p><p>That’s because private school voucher donors who contribute corporate stock, for example, would avoid capital gains tax.</p><p><strong>Overall, the capital gains tax avoidance would cost the federal government billions, ITEP estimates.</strong></p><ul><li>The federal government could lose more than $2 billion in capital gains tax revenue over the next decade.</li><li>That’s on top of the roughly $21.5 billion cost of the tax credit alone.</li><li>Overall, the net revenue loss could amount to over $23.6 billion in 10 years.</li></ul><p><strong>States would also be impacted: </strong>The capital gains tax avoidance facilitated by the voucher credit in the House GOP version of the One Big Beautiful Bill Act would have hit nearly every state’s <a data-analytics-id="inline-link" href="https://itep.sfo2.digitaloceanspaces.com/House-Tax-Bill-Vouchers-figure-3.png" target="_blank"><u>revenue</u></a> over a decade.</p><p>In <a data-analytics-id="inline-link" href="https://www.kiplinger.com/state-by-state-guide-taxes/california#:~:text=California%20is%20ranked%20by%20Kiplinger,from%201%25%20to%2013.3%25."><u>California</u></a>, revenue could have been impacted by $176.6 million, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/state-by-state-guide-taxes/new-york"><u>New York</u></a>’s revenue could be impacted by $86.8 million, while <a data-analytics-id="inline-link" href="https://www.kiplinger.com/state-by-state-guide-taxes/massachusetts"><u>Massachusetts</u></a> could see a loss of $29.4 million.</p><h2 id="other-cuts-to-charitable-donations-2">Other cuts to charitable donations</h2><p>The dollar-for-dollar tax rebate for donors to private school voucher programs proposal is “unprecedented at the federal level,” ITEP analysts say, as no other charity has ever received that kind of allowance.</p><p><strong>What’s troubling: </strong>The Republican-led House tax plan would cut charitable giving tax incentives for donors to most nonprofit groups while tripling the incentive to donors that fund private K-12 school vouchers.</p><ul><li>Under the House GOP tax plan, donors to children’s hospitals or other charities would receive no more than 35 cents in tax savings for each dollar donated, down from a maximum tax benefit of 37 cents.</li><li>Additionally, the OBBBA stands to reduce the average benefit of itemized deductions for charitable giving by more than a quarter.</li></ul><p>Some critics of voucher programs <a data-analytics-id="inline-link" href="https://www.epi.org/publication/vouchers-harm-public-schools/" target="_blank"><u>argue</u></a> that public dollars should be used to boost spending in public schools, not to subsidize private education. The proposed private school voucher tax credit would create an indirect way of funding private schools with taxpayer dollars.</p><h2 id="school-voucher-provision-struck-by-senate-parliamentarian-2">School voucher provision struck by Senate Parliamentarian</h2><p><strong>Update:</strong> Late Friday, the Senate Parliamentarian ruled that these provisions violate the so-called "Byrd Rule" (named after the late Sen. Robert Byrd). That rule prohibits the inclusion of certain types of provisions in a reconciliation bill.</p><p>As the Senate prepares to vote on the legislation, it remains to be seen whether lawmakers will attempt to revise the school voucher aspects to ensure compliance.</p><h2 id="the-one-big-beautiful-bill-act-what-s-next-7">The One Big Beautiful Bill Act: What’s next</h2><p>The U.S. Senate has set a goal of passing its version of Trump’s One Big Beautiful Bill Act by July 4, 2025.</p><p>As currently drafted, the major tax cuts and spending bill would add roughly $3 trillion to the debt through the next decade, and add nearly $5 trillion if temporary provisions from Trump’s <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/what-is-the-tcja"><u>Tax Cuts and Jobs Act</u></a> (TCJA) are made permanent.</p><p>The proposed legislation also includes a variety of changes to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/new-family-tax-credits-for-next-year"><u>family tax credits</u></a> and education credits.</p><p>As reported by Kiplinger, there are other ways you can minimize your capital gains tax liability, like <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/taxes/t052-c032-s014-a-quick-primer-on-tax-loss-harvesting.html"><u>tax-loss harvesting</u></a>, holding investments for more than one year, or taking advantage of tax-advantaged accounts like 401(k)s or an IRA.</p><p>Stay tuned for more updates on the OBBBA and how it can impact your finances, as this is a developing story.</p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/taxes/capital-gains-tax/602224/capital-gains-tax-rates">Capital Gains Tax Rates 2025: What You Need to Know</a></li><li><a href="https://www.kiplinger.com/taxes/capital-gains-tax/604943/what-is-capital-gains-tax">Which Capital Gains Are Taxable and How to Calculate Your Tax</a></li><li><a href="https://www.kiplinger.com/taxes/you-could-save-with-529-plans-for-homeschool-what-to-know">Homeschoolers Could Soon Save on Expenses With 529 Plans</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/taxes/how-trumps-tax-bill-could-let-donors-avoid-capital-gains-tax</link> <description> <![CDATA[ As U.S. Senate Republicans mark up their version of the One Big Beautiful Bill Act, one provision proposed a major tax break for private school donors. ]]> </description> <guid isPermaLink="false">JvkF7ivfniDEUAewdMMMJM</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/Gk9fbvvcwztUnHnS2JW8VV.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Thu, 26 Jun 2025 14:17:00 +0000</pubDate> <category><![CDATA[Taxes]]></category> <category><![CDATA[Tax Law]]></category> <category><![CDATA[Capital Gains Tax]]></category> <dc:creator><![CDATA[ Gabriella Cruz-Martínez ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/Gk9fbvvcwztUnHnS2JW8VV.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[gold piggy bank on top of a book with gold coins floating above]]></media:text> <media:title type="plain"><![CDATA[gold piggy bank on top of a book with gold coins floating above]]></media:title> </media:content> <media:thumbnail url="https://cdn.mos.cms.futurecdn.net/Gk9fbvvcwztUnHnS2JW8VV-1200-80.jpg" /> </item> </channel></rss>
