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<?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[ Kiplinger RSS Feed ]]></title> <link>https://www.kiplinger.com</link> <description><![CDATA[ ]]></description> <lastBuildDate>Sun, 12 May 2024 11:11:00 +0000</lastBuildDate> <language>en</language> <item> <title><![CDATA[ Avoid Retirement Regrets: Five Facts to Learn Now, Not Later ]]></title> <dc:content><![CDATA[ <p>After spending a lifetime clocking in at work, retirement can seem like uncharted territory.</p><p>You likely have hopes and wishes for how it will play out. You may even have plans and goals, such as spending summers with your grandchildren or traveling to states or countries you have never visited.</p><p>But what you don’t want in retirement is to be surprised by overlooked details that could leave you struggling financially or emotionally.</p><div class='jwplayer__widthsetter'><div class='jwplayer__wrapper'><div id='futr_botr_KQr60TxC_a7GJFMMh_div' class='future__jwplayer'><div id='botr_KQr60TxC_a7GJFMMh_div'></div></div></div></div><p>To help you avoid such situations, let’s review five things worth knowing before — not after — you have retired:</p><h2 id="1-your-taxes-are-not-always-lower-in-retirement-2">1. Your taxes are not always lower in retirement.</h2><p>Some retirees expect to see a decrease in their income tax bill, but retirement is not a magical elixir that acts as an antidote to high taxes. Income taxes are based on income, of course, and in retirement income is often connected to expenses.</p><p>For example, many retirees plan to travel, especially in the early years of retirement. They may withdraw money from their <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-plans/traditional-ira/602169/traditional-ira-basics-contributions-rmds">IRAs</a> to pay for the trips. Those IRA withdrawals count as taxable income, which would actually cause the amount you owe to Uncle Sam to go up.</p><p>Also worth knowing is that for most people, 85% of <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/social-security-income-taxes">Social Security is taxable</a>. All of this just means you need to have a plan in place to keep taxes as low as possible. One tactic: Begin gradually moving your retirement savings into 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> when you are several years out from retirement. The money is taxed at the time of the transfer, but it then grows tax-free and you pay no taxes when you make withdrawals after you retire.</p><p>However, do not make these moves without a tax-knowledgeable adviser and/or approval from a tax professional.</p><h2 id="2-the-stock-market-is-not-and-should-not-be-your-only-investment-option-2">2. The stock market is not and should not be your only investment option.</h2><p>You probably spent the past few decades aggressively growing your retirement savings, and one of the best ways to do that was the stock market. After all, stocks offer potentially higher returns than most other investments. But stocks come with risk, and as you near retirement, you can no longer afford an excessive amount of risk. A market drop could devastate your portfolio, and you don’t have the luxury of years or decades to recover.</p><p>Unfortunately, the stock market is the only investment option many advisers offer. But before succumbing to the allure of the hottest new technology stock, examine other possibilities. Good alternatives for those nearing or already in retirement include indexed annuities and indexed universal life insurance.</p><ul><li>An <a href="https://www.kiplinger.com/retirement/annuities/602301/the-case-for-indexed-annuities">indexed annuity</a> allows you to benefit from some of the market gains during a good economy while avoiding losses in a down market.</li><li>An <a href="https://www.kiplinger.com/personal-finance/what-is-indexed-universal-life-insurance-how-does-it-work">indexed universal life insurance</a> policy not only pays a death benefit, but you can also take a loan from it. If you don’t repay the loan, the amount is subtracted from the payout to your beneficiaries when you die.</li></ul><p>Not every annuity or life insurance is right for everyone (and like all other investments, they come with some cons as well as pros), so find a financial professional who keeps your needs in the foreground and isn’t making recommendations based solely on the products they sell.</p><h2 id="3-it-x2019-s-important-to-understand-how-your-full-retirement-age-for-social-security-works-2">3. It’s important to understand how your full retirement age for Social Security works.</h2><p>For most people, full <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security">Social Security</a> benefits kick in between ages 66 and 67. You can begin taking benefits as early as age 62, but the amount you get each month will be reduced for life. Plus, if you start taking Social Security before your full retirement age and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/can-you-collect-social-security-if-youre-still-working">you’re still working</a>, there are limits to how much you can make before being penalized. If you wait until your full retirement age to begin receiving your benefits, though, there are no limits to how much you can earn. Another consideration is that if you postpone filing for Social Security <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/waiting-until-70-to-claim-social-security-pros-and-cons">until you are 70</a>, your monthly benefit will be about 30% larger.</p><p>Explore what’s best for your situation before you decide <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/strategies-for-deciding-when-to-file-for-social-security">when to file</a> for your benefit. You don’t want to realize in a year or two that you regret your decision.</p><h2 id="4-your-social-circle-could-shrivel-unless-you-nourish-it-2">4. Your social circle could shrivel unless you nourish it.</h2><p>For most of us, work provides interaction with others, both on the job and sometimes in after-hours gatherings with co-workers. Even with remote work, video-conferencing tools help keep these interactions active. In retirement, though, that social network can shrink as those daily work connections dry up.</p><p>Social networks are critical to providing the emotional support and companionship we all need. Research shows that the loss of a robust social network in retirement can affect your physical and mental health. To combat that, the <a data-analytics-id="inline-link" href="https://www.nia.nih.gov/health/loneliness-and-social-isolation/loneliness-and-social-isolation-tips-staying-connected" target="_blank">National Institute on Aging</a> offers tips on how to stay connected. Some examples:</p><ul><li>Restart an old hobby</li><li>Take a class</li><li>Use communication technology, such as video chat</li><li>Stay physically active by joining an exercise group</li><li>Introduce yourself to neighbors</li><li>Become active in a faith-based organization</li><li>Join a cause</li></ul><h2 id="5-not-every-adviser-is-a-fiduciary-2">5. Not every adviser is a fiduciary.</h2><p>Most retirees can benefit from the assistance of a financial professional, but advisers come in all types, with different licenses and certifications. A broker-dealer, for example, is licensed to sell individual securities. An investment adviser can’t sell securities but can give you advice on which ones to invest in. A Certified Financial Planner™ professional offers a wide range of advice that can include creating a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/critical-components-of-a-financial-plan-for-retirees">financial plan</a>, reducing debt, choosing investments, setting up an <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/estate-planning/things-you-should-know-about-estate-planning">estate plan</a> and saving for short- and long-term goals. Unlike some other financial professionals, CFP® certificants have a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/603124/the-financial-fiduciary-standard-explained">fiduciary</a> responsibility to their clients, which means that by law they must always put your interests above their own.</p><p>These five examples are just some of the revelations you might experience when you bid farewell to a lifetime of work and step into retirement. There are other factors you will want to know about as well. That’s why it is best to connect with a financial professional who can help you prepare both mentally and financially for the transition, and make sure any surprises are the kind that are welcome.</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><p><em>Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® in the U.S., which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements. Insurance products are offered through the insurance business NuVenture Financial Group, LLC. NuVenture Financial Group, LLC is also an Investment Advisory practice that offers products and services through AE Wealth Management, LLC (AEWM), a Registered Investment Adviser. AEWM does not offer insurance products. The insurance products offered by NuVenture Financial Group, LLC are not subject to investment Adviser requirements. Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions. 2360590 - 4/24</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/ways-to-make-retirement-less-scary">Five Ways to Make Retirement a Little Less Scary</a></li><li><a href="https://www.kiplinger.com/taxes/how-retirement-income-is-taxed">How the IRS Taxes Retirement Income</a></li><li><a href="https://www.kiplinger.com/retirement/what-i-wish-id-known-before-i-retired">Five Things I Wish I’d Known Before I Retired</a></li><li><a href="https://www.kiplinger.com/retirement/happy-retirement/601160/7-surprisingly-valuable-assets-for-a-happy-retirement">Seven Habits for a Happy Retirement</a></li><li><a href="https://www.kiplinger.com/retirement/social-security/reasons-to-take-social-security-early">Five Reasons to Take Social Security Early (and Four Reasons to Wait)</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/retirement/avoid-retirement-regrets-facts-to-learn-now</link> <description> <![CDATA[ Is your retirement planning full of holes? Unless you fully understand a few key points, you could be setting yourself up for some surprises. ]]> </description> <guid isPermaLink="false">3kvXYqDcynovVVKMFmvRaE</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/3kWvNXrdPtemJNpqyWuvai.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Sun, 12 May 2024 09:45:17 +0000</pubDate> <category><![CDATA[retirement]]></category> <category><![CDATA[retirement planning]]></category> <category><![CDATA[tax planning]]></category> <category><![CDATA[social security]]></category> <category><![CDATA[wealth creation]]></category> <category><![CDATA[taxes]]></category> <category><![CDATA[investing]]></category> <category><![CDATA[wealth management]]></category> <author><![CDATA[ info@nuventurefinancialgroup.com (Jenna Lolly, CFP®) ]]></author> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/3kWvNXrdPtemJNpqyWuvai.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[An older couple smile and laugh as they walk arm in arm on the beach.]]></media:text> <media:title type="plain"><![CDATA[An older couple smile and laugh as they walk arm in arm on the beach.]]></media:title> </media:content> </item> <item> <title><![CDATA[ Four Do’s and One Don’t to Help Protect Your Inheritance ]]></title> <dc:content><![CDATA[ <p>Much has been written about the so-called <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/how-to-keep-your-wealth-transfer-on-track">Great Wealth Transfer</a> and the trillions of dollars loved ones can expect to inherit from parents and grandparents over the next 20 years or so.</p><p>I’ve read articles estimating that Baby Boomers, and the Silent Generation before them, could leave anywhere from <a data-analytics-id="inline-link" href="https://www.cnbc.com/2022/12/09/great-wealth-transfer-why-millennials-may-inherit-less-than-expected.html" target="_blank">$68 trillion</a> to <a data-analytics-id="inline-link" href="https://www.cerulli.com/press-releases/cerulli-anticipates-84-trillion-in-wealth-transfers-through-2045" target="_blank">$84 trillion</a>, or more, to their children and favorite charities. And as a financial adviser, I’m already seeing the impact those gifts can have on the people who receive them.</p><p>Of course, everyone can’t (or won’t) leave behind a life-changing legacy for their family members. But even a small amount of money can have consequences for recipients — especially if they aren’t prepared for it. This is why it can be so helpful for older generations to share their gifting plans, formally or informally, with their potential heirs. And why younger generations also should have a plan for any money they might receive.</p><div class='jwplayer__widthsetter'><div class='jwplayer__wrapper'><div id='futr_botr_KQr60TxC_a7GJFMMh_div' class='future__jwplayer'><div id='botr_KQr60TxC_a7GJFMMh_div'></div></div></div></div><p>Here are five things to keep in mind if you expect to inherit money from a loved one (or already have):</p><h2 id="1-take-things-slowly-2">1. Take things slowly.</h2><p>Coping with grief can take time, so don’t feel as though you have to rush into spending, investing or doing anything right away with the money you inherit. But you should make sure it’s safe.</p><p>If you receive cash, for example, you may want to park it in an <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/savings/fdic-sipc">FDIC</a>-insured savings account until you’re ready to make some decisions. (The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category — so if it’s a larger gift, you may want to spread it over multiple accounts.)</p><p>If you receive property or an investment account as a gift, things will be a bit more complicated — so again, take some time to figure out your next steps.</p><h2 id="2-don-x2019-t-spend-the-money-before-you-get-it-2">2. Don’t spend the money before you get it.</h2><p>There’s a fine line between planning for an <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/getting-an-inheritance-things-to-consider">inheritance</a> and making moves prematurely because you’re expecting to receive a large bequest. Your loved one may want to leave you a generous gift, but if his or her circumstances change — because of an illness, nursing home bills, bad investments, etc. — the amount may not be what you expected.</p><p>It’s important to build your <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/5-steps-to-a-stronger-financial-plan">financial plan</a> around what you can provide for yourself and not a promised <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/cash-windfall-the-case-for-doing-nothing">windfall</a>.</p><h2 id="3-consider-the-tax-implications-2">3. Consider the tax implications.</h2><p>The federal government doesn’t charge an inheritance tax — and only a few states do. But you still could end up with a substantial tax bill, depending on the type of <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/inheritance/603880/6-of-the-best-assets-to-inherit">assets you inherit</a> (real estate, art, investment accounts, etc.) and how they are held.</p><p>Many people, for example, aren’t aware of the complicated rules for taking distributions from an <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/inherited-ira-four-things-beneficiaries-should-know">inherited retirement account</a>, such as a 401(k) or traditional IRA. And that lack of knowledge can lead to expensive mistakes.</p><p>I once met a couple in their 50s who inherited a little over $1 million from the wife’s father’s IRA. They took all the money out at one time and paid cash for a $600,000 home. This left them with about $400,000 to live on, along with their own savings … so they decided to retire. What they didn’t realize — until they received a huge tax bill about a year later — was that the $1 million distribution put them in the top federal <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/tax-brackets/602222/income-tax-brackets">tax bracket</a>, which was 37% at the time. Penalties and interest added to the tax burden. They both ended up going back to work so they could save up and retire a second time.</p><h2 id="4-make-the-most-of-the-money-2">4. Make the most of the money.</h2><p>I’m not saying don’t splurge a little. And I’m definitely not saying that you shouldn’t retire if you receive a large enough inheritance to make it possible. I’ve found that, in many cases, older Baby Boomers and retirees from the Silent Generation had a lot of money to leave behind because they didn’t spend as much on themselves as they could have. That doesn’t have to be you.</p><p>Younger Boomers, and even more so the generations behind them, often say they want to retire in their 50s or early 60s, while they’re young and healthy and can enjoy themselves. And I agree: Go get your decade!</p><p>A gift from a loved one could make an earlier retirement possible or give you a boost as you save for a more comfortable lifestyle. Just be sure that you have a well-thought-out plan for how you’ll manage it before you make that leap.</p><h2 id="5-ask-for-help-if-you-need-it-2">5. Ask for help if you need it.</h2><p>It’s never too early or too late to talk to a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/how-to-find-a-financial-adviser">financial professional</a> about how an inheritance could affect your investment plan, your retirement plan and, yes, your own <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/estate-planning/602219/estate-planning-checklist-5-tasks-to-do-now-while-youre-still">estate plan</a>. At our firm, we refer to this type of important financial planning as “your financial GPS,” because it can help you understand where you are now and how you’re positioned for the future.</p><p>I know talking about death is never easy — and many families would rather avoid this conversation. But planning ahead for an inheritance — or making a plan for how you’ll use money that came as a surprise — can help you protect and enjoy this wonderful gift your loved one wanted you to have.</p><p><em>Kim Franke-Folstad 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><p><em>Investment advisory services offered through Graylark Financial, LLC, a Registered Investment Adviser with the State of Colorado. Content on this site is for informational purposes only. Opinions expressed herein are subject to change without notice. Graylark Financial, LLC has exercised all reasonable professional care in preparing this information. Some information may have been obtained from third-party sources we believe to be reliable; however, Graylark Financial, LLC has not independently verified, or attested to, the accuracy or authenticity of the information. Nothing contained herein should be construed or relied upon as investment, legal, or tax advice. An investor should consult with their financial professional before making any investment decisions.</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/saving/t021-c000-s002-5-strategies-keep-heirs-from-blowing-inheritance.html">Five Strategies to Keep Your Heirs From Blowing Their Inheritance</a></li><li><a href="https://www.kiplinger.com/retirement/irs-changed-rules-on-your-childrens-inheritance">IRS Quietly Changed the Rules on Your Children’s Inheritance</a></li><li><a href="https://www.kiplinger.com/retirement/estate-planning/605155/why-do-i-need-a-trust">Why Do I Need a Trust?</a></li><li><a href="https://www.kiplinger.com/retirement/types-of-trusts-for-high-net-worth-estates">Eight Types of Trusts for Owners of High-Net-Worth Estates</a></li><li><a href="https://www.kiplinger.com/retirement/strategies-for-managing-your-inheritance">Three Essential Strategies for Managing Your Inheritance</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/retirement/how-to-protect-your-inheritance</link> <description> <![CDATA[ If you’re lucky enough to inherit a lot of money, keeping these five things in mind, especially knowing the tax implications, could head off some regrets. ]]> </description> <guid isPermaLink="false">giYbvVn4BdBUiJnYJrnxVB</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/5gsxxUnLMApxkj6sYNfw5d.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Sun, 12 May 2024 09:40:45 +0000</pubDate> <category><![CDATA[retirement]]></category> <category><![CDATA[inheritance]]></category> <category><![CDATA[estate planning]]></category> <category><![CDATA[tax planning]]></category> <category><![CDATA[wealth creation]]></category> <category><![CDATA[taxes]]></category> <category><![CDATA[investing]]></category> <category><![CDATA[wealth management]]></category> <author><![CDATA[ info@graylarkfinancial.com (Brian Gray) ]]></author> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/5gsxxUnLMApxkj6sYNfw5d.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[A dollar sign is surrounded by walls topped with barbed wire.]]></media:text> <media:title type="plain"><![CDATA[A dollar sign is surrounded by walls topped with barbed wire.]]></media:title> </media:content> </item> <item> <title><![CDATA[ Four Considerations for Moms Leaving the Workforce ]]></title> <dc:content><![CDATA[ <p>Balancing motherhood and a career is no easy task.</p><p>A survey from <a data-analytics-id="inline-link" href="https://www.pewresearch.org/wp-content/uploads/2019/09/FT_19.09.12_WorkingParents_Methodology.pdf" target="_blank">Pew Research Center</a> found that one in five working parents says they’ve turned down a promotion in an attempt to balance work and parenthood — 23% of them were women. Balancing both can become so challenging that some mothers feel they can’t do both and do them well.</p><p>A 2023 survey from <a data-analytics-id="inline-link" href="https://momsfirst.us/wp-content/uploads/2024/01/Moms-in-the-Workplace-Survey-2023-Final-Report.pdf" target="_blank">Moms First</a> found 42% of new moms have contemplated leaving the workforce once they had children. It’s a difficult decision that could impact your livelihood. If you’re in this situation and are thinking about leaving your job, there are some financial considerations you’ll want to make first.</p><div class='jwplayer__widthsetter'><div class='jwplayer__wrapper'><div id='futr_botr_7xws2pdR_a7GJFMMh_div' class='future__jwplayer'><div id='botr_7xws2pdR_a7GJFMMh_div'></div></div></div></div><h2 id="1-covering-your-health-insurance-2">1. Covering your health insurance.</h2><p>A lot of companies provide health insurance as part of their benefits package. However, once the job is gone, so is the coverage. If you’re considering leaving the workforce and you’re currently getting health insurance through your employer, you’ll need to find other coverage. An extension of your benefits through COBRA will be an option, but that typically lasts only 18 to 36 months and can be pricey at 102% of the premium.</p><p>If you’re married and your spouse is eligible for benefits through their workplace, consider adding yourself and any dependents to their plan. This can be a better, more cost-effective alternative than seeking coverage on your own.</p><h2 id="2-saving-for-your-retirement-2">2. Saving for your retirement.</h2><p>In addition to health care benefits, a lot of employers offer retirement plans. Ensuring you have enough money to sustain your retirement is imperative. A report from <a data-analytics-id="inline-link" href="https://news.northwesternmutual.com/planning-and-progress-study-2024" target="_blank">Northwestern Mutual</a> found the typical worker believes they will need more than $1.4 million to retire comfortably.</p><p>If you’ve been contributing to an employer-sponsored retirement account, now is the time to take ownership of the account. Consider rolling the funds into 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/roth-iras-what-they-are-and-how-they-work">Roth IRA</a>, if you can remain in the same <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/tax-brackets/602222/income-tax-brackets">tax bracket</a>. Doing this allows you to make contributions, up to a certain yearly limit, that fit into your budget, and you can still save without fear of breaking the bank.</p><h2 id="3-adjusting-your-family-budget-2">3. Adjusting your family budget.</h2><p>Transitioning from a two-income household to a single-income household will require some financial adjustments. Unless you have a hefty <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/steps-to-build-an-emergency-fund">emergency savings fund</a>, this transition will likely force you to make some adjustments to your budget. Write out all of your expenses so you can see exactly how much money you have coming in and going out. With one parent staying home, expenses for gas, business attire and meals will be less, but you may need to cut back on discretionary spending. Skipping vacations, reducing entertainment and canceling memberships or subscriptions can help put a little extra money back into your pocket.</p><h2 id="4-downsizing-your-lifestyle-2">4. Downsizing your lifestyle.</h2><p>If cutting extra expenses isn’t enough, more cost-effective measures may be required. In some cases, downsizing to a more affordable home may be a great option.</p><p>Shopping around for less expensive options on cable, internet and cellphone service will help you lower your monthly expenses as well.</p><p>Obtaining car and home insurance quotes from various carriers may prove to save you even more, especially if they offer bundling discounts. You may also want to consider selling or trading a vehicle for one that will be paid for to eliminate a car payment.</p><p>When it comes to balancing a career and motherhood, the well-being of yourself and your family is the priority. If you decide leaving your job is what’s best for you and your family, try to not take on the dreaded mom guilt.</p><p>If you’re concerned about financial stability, there are employment options out there that offer remote work, part-time work or more flexibility that will fit with what you are trying to create for your family as a mother. This could help supplement your income, while allowing you to be as present as you can be for your family.</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-women-can-take-control-of-finances">Three Steps for Women to Take Control of Their Finances</a></li><li><a href="https://www.kiplinger.com/personal-finance/tips-to-get-your-financial-wellness-in-shape">Four Tips to Get Your Financial Wellness in Shape</a></li><li><a href="https://www.kiplinger.com/personal-finance/how-to-build-your-financial-house-from-the-foundation-up">How to Build Your Financial House From the Foundation Up</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-saving-tips-for-single-women">Tips to Help Single Women Struggling to Save for Retirement</a></li><li><a href="https://www.kiplinger.com/personal-finance/women-and-money-ways-to-plan-for-the-future">Women and Money: Three Ways to Plan for the Future as Life Happens</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/personal-finance/considerations-for-moms-leaving-the-workforce</link> <description> <![CDATA[ If you want to make the transition from a full-time job to being a stay-at-home mom (or dad), here are some issues to keep in mind. ]]> </description> <guid isPermaLink="false">qeCFpceM5rbjqAxzTPXLLB</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/vswR2eJdpGVF4r4PJUPrua.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Sun, 12 May 2024 09:30:37 +0000</pubDate> <category><![CDATA[personal finance]]></category> <category><![CDATA[careers]]></category> <category><![CDATA[wealth creation]]></category> <category><![CDATA[Retirement-planning]]></category> <category><![CDATA[investing]]></category> <category><![CDATA[wealth management]]></category> <category><![CDATA[retirement]]></category> <author><![CDATA[ mindy@oglesbywealthstrategies.com (Mindy J. Oglesby, CFP®, NSSA®, IRMAACP) ]]></author> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/vswR2eJdpGVF4r4PJUPrua.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[A pregnant woman packs up her desk at the office.]]></media:text> <media:title type="plain"><![CDATA[A pregnant woman packs up her desk at the office.]]></media:title> </media:content> </item> <item> <title><![CDATA[ What Brings High-Net-Worth People to Everest? ]]></title> <dc:content><![CDATA[ <p>The first documented person to climb the "Seven Summits" — the tallest mountain on each continent — was Dick Bass. He wasn't a professional athlete or mountaineer of any kind, just an American businessman with a dream. </p><p>Throughout most of his attempts at the summits, Bass was accompanied by another American businessman with a dream, Frank Wells. Wells missed out only on summiting the tallest mountain in the world, Mount Everest, despite his best efforts. Shortly after abandoning Everest, Wells summited another type of mountain: he was appointed president of The Walt Disney Company (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=DIS" target="_blank">DIS</a>), a role he served for a decade before his death in a helicopter crash.</p><p>Bass' ascent of Everest in 1985, and the accompanying media attention he got, kick-started the business of mountain guiding, writes Will Cockrell in <a data-analytics-id="inline-link" href="https://www.amazon.com/Everest-Inc-Renegades-Rogues-Industry/dp/1982190450/" target="_blank"><em>Everest, Inc.</em></a>, a new book published this spring. Since then, the guiding industry on Everest has evolved in several ways, but one facet has remained consistent: many of the clients are high-net-worth individuals.</p><div class='jwplayer__widthsetter'><div class='jwplayer__wrapper'><div id='futr_botr_dC1YcaiA_a7GJFMMh_div' class='future__jwplayer'><div id='botr_dC1YcaiA_a7GJFMMh_div'></div></div></div></div><p>"The first wave of people who signed up for guided ascents of Everest included a remarkably high number of dentists and doctors, followed closely by lawyers and investment bankers," Cockrell writes. </p><p>Indeed, the image of a high-net-worth businessperson showing up at base camp on the world's tallest mountain with minimal training has haunted Everest lately, with many from outside the outdoors world turning up their noses at perceived entitlement, and many from inside the outdoors world raising alarms about the level of risk introduced by these types of clients. </p><p>Cockrell presents a different narrative. Since the days of Dick Bass, the guiding industry has made summitting Everest attainable for people of all kinds of physical fitness by figuring out the proper workflows and infrastructure needed to climb it, to put it in work terms. That alone, Cockrell suggests in his book and in conversation with Kiplinger, is something to be celebrated — and he speaks positively about most clients who decide to try to summit it. </p><h2 id="those-who-have-the-means-to-summit-everest-xa0-2">Those who have the means to summit Everest </h2><p>From the beginning of the industry, high-net-worth individuals were present on Everest attempts simply because they were the people who could afford it. </p><p>"Everest has always been an expensive thing to do even for experienced climbers," Cockrell tells Kiplinger, because it requires extensive logistics and work on the ground.</p><p>These days, a client climber could expect to pay upwards of $100,000 to join a guided group, and that doesn't take into account, for example, the $10,000+ to spend on necessary gear. Additionally, training before you get to Nepal takes about two hours a day, maybe more, Cockrell says, and, of course, the full trip lasts several weeks, introducing the cost of time.</p><p>"High-net-worth people have achieved something in business or gotten to a place where they now have disposable income and free time," Cockrell says. Therefore, they're more able to do something like join an Everest trip.</p><h2 id="the-everest-mindset-and-high-net-worth-people-2">The Everest mindset and high-net-worth people</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="4oK4sbqgQFjKcw9o7NYFSb" name="everest GettyImages-1595721515.jpg" alt="Mount Everest rising in the distance amid foothills." src="https://cdn.mos.cms.futurecdn.net/4oK4sbqgQFjKcw9o7NYFSb.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>But not everyone with a spare two months and $200k decides to try Everest.</p><p>After the industry figured out how to reliably guide on the mountain, Cockrell says, "it maybe ceased to represent a climbing challenge and all the sudden became a human challenge."</p><p>Rather than seeing Everest as a technical, physical challenge, people can now see it as a challenge of mindset and tenacity. Cockrell likens it to businesspeople who skydive or train for triathlons in their spare time; people who have a "self-belief that they can top themselves" and a drive to seek out new goals are more likely to want to try summiting Mount Everest.</p><p>Overall, Cockrell says, what he found in his research for <a data-analytics-id="inline-link" href="https://www.simonandschuster.com/books/Everest-Inc/Will-Cockrell/9781982190453" target="_blank"><em>Everest, Inc</em></a><em>.</em> is that most clients are really just seeking a transformative experience. Sure, there is "a little slice of the pie" of clients there for narcissistic reasons, but "that's the exception, not the rule," he says. Most climbers are not looking for a picture to post on LinkedIn or something to talk about in their next keynote speech. </p><p>"It’s such a common human condition to be in a rut or feel like you want to shake things up or just need a new perspective," he explains. Everest can be that outlet for people, whether you're a stay-at-home parent who hasn't been active in a while, a workaholic who just sold your company, or someone going through a divorce. </p><p>Ultimately, even with the advances to make summiting attainable, climbing Everest will push a person to physical and mental extremes and "a little closer to death than you are in your normal life," Cockrell says, so it can be a transformative experience. </p><h2 id="the-current-state-of-the-everest-industry-2">The current state of the Everest industry</h2><p>Over the last three decades, the guiding industry on Everest has grown and evolved as it changed the economy around it as well. </p><p><em>Everest, Inc.</em> documents the expanding numbers of people who now come to the Khumbu region, whether to attempt the peak or just do the trek to base camp. It has had a major impact on the economy of Nepal (where most climbers make their attempts, although you can also climb from the northern, Chinese-controlled side). </p><p>As more money was pumped into the mountain, it reached many of the local Sherpa people who found work on and around Everest. What that has meant is that there are now generations who were able to afford more advanced educations, and many of them returned home to set up their own businesses, rather than work for someone else's. As a result, the Everest guiding industry is now dominated by Nepali-owned companies, Cockrell writes. </p><p>This, he says, has been the latest big business evolution on Everest. But there are also other, small "disruptors" — for instance, some companies have begun using hypoxic tents so clients can, theoretically, acclimatize at home and thus make their climbing trips shorter, since you don't have to spend as much time acclimatizing in the mountains. </p><p>But the biggest overall innovation, Cockrell points out, is that we've managed to tame a mountain that was seen as impossible less than a century ago. </p><p>"Everest has taught us it is possible to take just about any experience down to earth," Cockrell says, equating it to how we might one day think about going to space. </p><p>Things that were once impossible for regular people are now possible, at least with some grit, training, and a bit of money and time. </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/best-places-to-visit-where-the-dollar-is-strong">The Best Places to Visit Where The Dollar is Strong</a></li><li><a href="https://www.kiplinger.com/slideshow/spending/t059-s001-24-best-travel-websites-to-save-you-money/index.html">Best Travel Websites to Save You Money</a></li><li><a href="https://www.kiplinger.com/personal-finance/heres-what-you-need-to-know-about-travel-medical-insurance">Here's What You Need to Know About Travel Medical Insurance</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/personal-finance/travel/what-brings-high-net-worth-people-to-everest</link> <description> <![CDATA[ Everest, Inc. author Will Cockrell discusses why high-net-worth people flock to climb Mount Everest. ]]> </description> <guid isPermaLink="false">hAZP9ip2bpbAottaJAvf8Y</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/tdxLSAXPmT3zvwZwV28f55.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Sat, 11 May 2024 14:00:06 +0000</pubDate> <category><![CDATA[Travel]]></category> <category><![CDATA[happy retirement]]></category> <category><![CDATA[personal finance]]></category> <category><![CDATA[spending]]></category> <category><![CDATA[retirement]]></category> <author><![CDATA[ alexandra.svokos@futurenet.com (Alexandra Svokos) ]]></author> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/tdxLSAXPmT3zvwZwV28f55.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[A group of climbers ascends Everest wearing colorful gear.]]></media:text> <media:title type="plain"><![CDATA[A group of climbers ascends Everest wearing colorful gear.]]></media:title> </media:content> </item> <item> <title><![CDATA[ Retired and 'Stuck' With a Mortgage Below 4%? You Have Options ]]></title> <dc:content><![CDATA[ <p>One of my clients is in his early 70s with about $1.5 million in equity in his home. He refinanced into a 3% mortgage in late 2020. Sounds like a pretty good situation, right?</p><p>Here are some of the issues. Things in his home are starting to break. His lawn isn’t getting any bigger, but it is getting harder to take care of as he gets older. He enjoys his home less than he did in 2020, but because real estate values have exploded, so, too, have his property taxes.</p><p>“Boo-hoo,”<em> </em>say the Millennials who want to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/buying-a-home/renting-is-cheaper-than-buying">buy his home</a> but can’t afford it with the current <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/mortgages/30-year-mortgage-rates">mortgage rates</a>. Everyone is at a stalemate. My client is a mortgage prisoner.</p><div class='jwplayer__widthsetter'><div class='jwplayer__wrapper'><div id='futr_botr_KQr60TxC_a7GJFMMh_div' class='future__jwplayer'><div id='botr_KQr60TxC_a7GJFMMh_div'></div></div></div></div><p>Here are three options if you find yourself in a similar situation.</p><h2 id="1-you-could-rent-2">1. You could rent.</h2><p>Being a homeowner for the last 30 years is not a good enough reason to rule out renting for the next chapter. In fact, many of the benefits of renting should be more appealing to Baby Boomers than they are to younger generations.</p><p>The maintenance is not on you as the tenant. If you end up needing to move into assisted living later in life, there is no house to unload. If your friends, kids or grandkids move out of the area, you can move, too.</p><p>In the case of my client, let’s say he nets $1 million after paying off the mortgage and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/capital-gains-tax/604943/what-is-capital-gains-tax">capital gains tax</a>. If he invests that money and pulls 5% per year, it’s likely that will cover his housing costs for the rest of his life. This alone is a good reason to make the decision to rent. You can use the <a data-analytics-id="inline-link" href="https://app.rightcapital.com/account/sign-up?referral=ddhr8hUQaKk6JoglVAf9Tg&type=client" target="_blank">free version of our planning software</a> to plug in a new location and renting vs. buying. (For more info on making these decisions, see my articles <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/reasons-to-rent-when-you-downsize-for-retirement">Four Reasons to Rent When You Downsize for Retirement</a> and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/reasons-to-buy-when-you-downsize-for-retirement">Four Reasons to Buy When You Downsize for Retirement</a>.)</p><h2 id="2-you-could-renovate-2">2. You could renovate.</h2><p>If, like my client, you’re enjoying your home less than you did, you could make changes. My in-laws are in the process of drawing up blueprints to renovate their home. They will move the primary suite downstairs, which will allow them to age in place. This is not a cheap endeavor, but it allows them to stay put. They live on 10 acres, and the idea of moving into an apartment building is unfathomable.</p><p>The current <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/interest-rates">interest rates</a> make this strategy significantly more challenging than it was just a few years ago. Between 2010 and 2020, you would more than likely have funded this project with a HELOC. But as of May 6, 2024, HELOC rates were floating around 8.5%. In this environment, I would probably recommend this option only if you can pay with cash or from a taxable investment account.</p><h2 id="3-you-could-refinance-after-you-downsize-2">3. You could refinance (after you downsize).</h2><p>In this scenario, my client finds another place he likes for $1.25 million. While it’s significantly less expensive than the $1.75 million property he is selling, the math is not apples-to-apples. Because mortgage rates have more than doubled since his refinance, his all-in housing cost is likely to be higher than it is today. Now he has to decide how much a mowing-free weekend is worth to him.</p><p>One option is to finance the modest mortgage of about $250,000 with an adjustable-rate mortgage (ARM). That should shave about 1 percentage point off the rate, depending on the specific product you go with. When interest rates fall, you will probably have the opportunity to refinance at a significantly lower rate. Once again, lean on your <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/how-to-find-a-financial-adviser">financial planner</a>, your financial plan and a mortgage broker to decide if this option makes sense for you. (For another angle on this option, see my article <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/should-you-pay-cash-when-you-downsize-here-are-some-scenarios">Should You Pay Cash When You Downsize? Here Are Three Scenarios</a>.)</p><p>It's easy to look at the current environment and conclude that it’s not a good time to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/how-retirees-can-downsize-in-todays-housing-market">downsize</a>. I’ll counter by saying that there is never a good time to downsize. Go too early and you may miss some of the appreciation in your home. Not to mention, you may have to do it again later in life. Go too late, and it was probably a decision that you didn’t have complete control over. These moves are typically health-related.</p><p>I suggest you nail down your numbers. What could you rent if you sold your home? What can you afford to buy if you decide to move to a condo? Can you afford to move into a retirement community? This will make the decision easy when you find a place you actually like. The move itself? Probably not so easy …</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/reasons-to-use-a-real-estate-agent-when-you-sell">Six Reasons to Use a Real Estate Agent When You Sell</a></li><li><a href="https://www.kiplinger.com/real-estate/reasons-not-to-use-a-real-estate-agent-when-you-sell">Three Reasons Not to Use a Real Estate Agent When You Sell</a></li><li><a href="https://www.kiplinger.com/real-estate/mortgages/30-year-mortgage-rates">Find the Best 30-Year Mortgage Rates</a></li><li><a href="https://www.kiplinger.com/real-estate/mortgages/605165/how-to-shop-for-a-low-mortgage-rate">Five Ways to Shop for a Low Mortgage Rate</a></li><li><a href="https://www.kiplinger.com/article/real-estate/t010-c000-s001-setting-the-right-price.html">Selling Your Home? Set the Right Price</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/retirement/retired-and-stuck-with-a-low-rate-mortgage-options</link> <description> <![CDATA[ You may feel like a mortgage prisoner, but your options may be more doable than you think. ]]> </description> <guid isPermaLink="false">ZM6z34kJeWBagq3qGMTxgG</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/KRkTaQ6D3LspApovKSnMXS.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Sat, 11 May 2024 09:40:43 +0000</pubDate> <category><![CDATA[retirement]]></category> <category><![CDATA[buying a home]]></category> <category><![CDATA[selling a home]]></category> <category><![CDATA[real estate]]></category> <category><![CDATA[wealth creation]]></category> <category><![CDATA[interest rates]]></category> <category><![CDATA[mortgages]]></category> <category><![CDATA[investing]]></category> <category><![CDATA[wealth management]]></category> <category><![CDATA[personal finance]]></category> <category><![CDATA[banking]]></category> <author><![CDATA[ EBeach@exit59advisory.com (Evan T. Beach, CFP®, AWMA®) ]]></author> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/KRkTaQ6D3LspApovKSnMXS.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[A smiling older couple relax on the floor, surrounded by moving boxes.]]></media:text> <media:title type="plain"><![CDATA[A smiling older couple relax on the floor, surrounded by moving boxes.]]></media:title> </media:content> </item> <item> <title><![CDATA[ Considerations for Americans Who Want to Move to Europe ]]></title> <dc:content><![CDATA[ <p><em>Editor’s note: There are many reasons why an American may seek to relocate to Europe, chief among them retirement, work opportunities or simply a better work-life balance. This is the first article of a four-part series in which we’ll discuss key financial considerations Americans should keep in mind when considering a move to Europe and zoom in on three countries in particular: France, Italy and Portugal.</em></p><p>Americans are moving to Europe in ever-increasing numbers, often because they believe that a better balance between work and lifestyle may be available in European countries. But many Americans who take up residence in Europe often find the transition to be more complex than they anticipated. While the issues can be complicated and differ significantly depending on the country, here are some things to keep in mind if you’re considering a move to Europe when you retire.</p><p>A U.S. citizen with a dream of retiring in France may know that Americans are allowed to spend up to 90 days in the <a data-analytics-id="inline-link" href="https://travel.state.gov/content/travel/en/international-travel/before-you-go/travelers-with-special-considerations/US_Travelers_in_Europes_Schengen_Area.html" target="_blank">Schengen area</a>. However, U.S. retirees wanting to live in Europe long-term require a visa, and all long-term visa options have some sort of minimum income requirements.</p><p>For example, Americans who retire in France typically apply for a <a data-analytics-id="inline-link" href="https://france-visas.gouv.fr/en/long-stay-visa" target="_blank">long-stay visitor visa</a>. An important component of the application involves providing proof of sufficient financial resources that meet or exceed France’s minimum wage, known as the SMIC. This amount is <a data-analytics-id="inline-link" href="https://www.service-public.fr/particuliers/actualites/A17008#:~:text=month%2C%20i.e.-,%E2%82%AC1%2C398.69%20net,-for%2035%20hours" target="_blank">1,398.69 euros</a> after taxes (net), or about $1,500.</p><div class='jwplayer__widthsetter'><div class='jwplayer__wrapper'><div id='futr_botr_KQr60TxC_a7GJFMMh_div' class='future__jwplayer'><div id='botr_KQr60TxC_a7GJFMMh_div'></div></div></div></div><p>The maximum amount of time you will be granted for your first application is one year, at which point you may apply to renew your visa. From the beginning, a consultation with an immigration lawyer might be the best way to make sure visa requirements are properly met, particularly if you plan to reside in France for several years.</p><h2 id="living-abroad-is-different-than-visiting-abroad-2">Living abroad is different than visiting abroad</h2><p>It’s important to remember that living somewhere as a foreign resident is very different from visiting as a tourist.</p><p>Americans should consider which countries they would feel most comfortable living in. Night owls may feel right at home in Spain, where the culture involves eating and socializing late into the evenings, while morning people may appreciate the rigorous bustle of Italy’s fashion and business center, Milan.</p><h2 id="can-you-continue-to-use-your-u-s-driver-x2019-s-license-2">Can you continue to use your U.S. driver’s license?</h2><p>One significant difference between traveling and living somewhere involves your driver’s license. Many U.S. licenses may be valid for only a certain period. In some places, such as France, most long-term residents have up to one year to exchange their U.S. license for a French one, but only if they hold a valid license from a <a data-analytics-id="inline-link" href="https://www.diplomatie.gouv.fr/IMG/pdf/---_liste_permis_de_conduire_valables_a_l_echange_09.12.2021---_cle8735a7.pdf" target="_blank">qualifying state</a>.</p><p>This problem can vary according to where you plan to live. Living in a small, bucolic family home in the Tuscan countryside has vastly different implications for driving than living in an apartment in the center of Paris or Barcelona.</p><p>Moreover, if your driver’s license is not recognized, you will need to invest time and money to acquire a new one.</p><h2 id="cost-of-living-and-financial-planning-2">Cost of living and financial planning</h2><p>Figuring out the cost of living in a new country can be more complex than one may expect. An online tool such <a data-analytics-id="inline-link" href="https://www.numbeo.com/cost-of-living/" target="_blank">Numbeo</a> can help, but broadly speaking, the cost of living in Europe is lower than in the U.S. Moreover, while major cities such as Paris and Milan are unsurprisingly expensive, it’s worth considering how the introduction and evolution of tax regimes may impact the cost of living. For example, the Portuguese government sunset its <a data-analytics-id="inline-link" href="https://www.portugal.com/moving-to-portugal/guide-to-the-non-habitual-resident-nhr-tax-regime/" target="_blank">Non-Habitual Residence (NHR) Scheme</a> at the end of 2023 in a first step toward addressing the housing crisis in Lisbon and Porto caused by an influx of wealthy foreigners who qualified for this special tax regime. While Portugal remains an attractive country to live in for many reasons, the affordability of its major cities is no longer definitively one of them, and the financial planning calculus for prospective U.S. immigrants to Portugal has changed dramatically.</p><p>Also, it is important for Americans to consider the long-term implications that moving abroad may have on their financial assets. For instance, U.S. investment products may be treated differently abroad. The value of an American’s asset base in Europe will depend on three critical factors:</p><ul><li>Whether your new country has a double taxation agreement with the U.S.</li><li>How the details of that agreement affect your particular assets</li><li>Whether you intend to live in one or multiple European countries</li></ul><h2 id="evaluate-tax-circumstances-2">Evaluate tax circumstances</h2><p>Several countries have positioned themselves as favorable destinations for certain foreigners via <a data-analytics-id="inline-link" href="https://www.investopedia.com/golden-visa-program-7975290" target="_blank">visas</a> that offer long-term residency and (in some cases) citizenship pathways.</p><p>For example, in 2022 and 2023, <a data-analytics-id="inline-link" href="https://www.cnbc.com/2022/12/01/this-spanish-city-is-the-no-1-place-to-live-and-work-abroad.html" target="_blank">Valencia</a> and <a data-analytics-id="inline-link" href="https://www.cnbc.com/2023/11/21/this-is-the-no-1-global-city-where-expats-thrive-says-new-report.html" target="_blank">Malaga</a> were recognized by foreigners as the best cities to live abroad, causing some Americans to think seriously about moving to Spain. But the country lacks a lot of supportive tax infrastructure for retirees; Americans living in Spain could face taxes as high as 47%, and certain retirees could trigger the <a data-analytics-id="inline-link" href="https://taxfoundation.org/data/all/eu/wealth-taxes-europe-2024/#:~:text=Spain%E2%80%99s%20net%20wealth%20tax" target="_blank">Spanish wealth tax</a>.</p><p>However, <a data-analytics-id="inline-link" href="https://www.studiolegalemetta.com/legal-questions-and-answers/italian-7-per-cent-flat-tax/" target="_blank">Italy</a> offers a 7% tax rate for people who draw a foreign pension and want to live in southern Italy. In France, the double taxation agreement enables ongoing financial planning via familiar retirement vehicles, such as Roth IRAs and traditional IRAs.</p><h2 id="timing-your-move-abroad-2">Timing your move abroad</h2><p>Those who move abroad often do so to reconnect with or re-establish priorities that may have been lost in the U.S. Whether you plan to move to a major European city or a quaint village, however, the best time to begin planning is typically at least two years in advance. This timeframe allows you to research your target country, connect with experts who can support you with all the logistics of your move and ultimately create a financially sustainable roadmap to live out your golden years in comfort and ease.</p><p>In the next article, we’ll look in-depth at the specific considerations Americans must bear in mind when evaluating a potential move to France.</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/purchasing-and-renting-a-property-in-italy">Considering Purchasing and Renting a Property in Italy?</a></li><li><a href="https://www.kiplinger.com/retirement/retire-abroad-what-to-know-about-your-money">Want to Retire Abroad? Five Things to Know About Your Money</a></li><li><a href="https://www.kiplinger.com/retirement/what-i-wish-id-known-before-i-retired">Five Things I Wish I’d Known Before I Retired</a></li><li><a href="https://www.kiplinger.com/retirement/stages-of-retirement-and-how-to-skip-some-of-them">The Five Stages of Retirement (and How to Skip Three of Them)</a></li><li><a href="https://www.kiplinger.com/retirement/financial-actions-to-take-the-year-before-retirement">Six Financial Actions to Take the Year Before Retirement</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/retirement/moving-to-europe-considerations-for-americans</link> <description> <![CDATA[ Relocating to Europe for retirement or just because could be more complicated than you might think. Here are a few things to think about. ]]> </description> <guid isPermaLink="false">mcxNBBcecgT7ij3tJyGSUk</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/KVSKiLEVGWcCywYgjcsKW7.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Sat, 11 May 2024 09:30:12 +0000</pubDate> <category><![CDATA[retirement]]></category> <category><![CDATA[retirement planning]]></category> <category><![CDATA[wealth creation]]></category> <category><![CDATA[personal finance]]></category> <category><![CDATA[investing]]></category> <category><![CDATA[wealth management]]></category> <author><![CDATA[ info@chasebuchananusa.com (Alex Ingrim, Chartered MCSI) ]]></author> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/KVSKiLEVGWcCywYgjcsKW7.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[A man carries a box into his new home.]]></media:text> <media:title type="plain"><![CDATA[A man carries a box into his new home.]]></media:title> </media:content> </item> <item> <title><![CDATA[ Is This the Worst Time To Buy a Home? ]]></title> <dc:content><![CDATA[ <p>The Federal Reserve is holding interest rates steady, and mortgages are hovering over 7%. House prices are still rising. Housing supply is still not close to meeting demand. </p><p>Is this the worst time to buy a home? Polling shows we're at a modern low, at least in sentiment. For the second year in a row, over 75% of Americans say it is a bad time to buy a house, according to a <a data-analytics-id="inline-link" href="https://news.gallup.com/poll/644933/americans-expect-home-prices-rise-market-poor.aspx" target="_blank">Gallup poll released this week</a>. </p><p>This is a notable low period. Gallup has been asking if it is a good time to buy a home annually since 2005, and also asked the question in 1978, 1991 and 2003. In every single one of those polls up until 2022, at least 50% of people said it was a good time to buy a home. Now, we're down to only 21% of Americans saying it is a good time to buy a home.</p><div class='jwplayer__widthsetter'><div class='jwplayer__wrapper'><div id='futr_botr_v6I2nWbb_a7GJFMMh_div' class='future__jwplayer'><div id='botr_v6I2nWbb_a7GJFMMh_div'></div></div></div></div><p>It's not hard to see why. The housing market is crunching out would-be buyers, between high prices and mortgage rates and low sellers and overall supply. After a brief dip, 30-year mortgage rates continue to average above 7%, according to <a data-analytics-id="inline-link" href="https://www.freddiemac.com/pmms" target="_blank">Freddie Mac</a>, while <a data-analytics-id="inline-link" href="https://www.redfin.com/us-housing-market" target="_blank">Redfin reports</a> the median sale price of homes is up 4.8% from last year, continuing a long-standing upward trend of prices. </p><p>So not only are would-be buyers not getting a deal on prices, they're also getting crushed on mortgage rates. Basically, if you missed out on the heyday of low mortgage rates in 2020-2021, you've got a problem if you want to buy a home.</p><p>Because mortgage rates are so high, many homeowners are unwilling to move, shrinking the supply of houses on the market. The <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/housing">Kiplinger housing forecasting</a> team believes that inventory of homes for sale will continue to stay low in the near future, pushing home prices higher against the demand. </p><p>That short-term supply issue is compounded by the long-term housing supply issue. The <a data-analytics-id="inline-link" href="https://www.axios.com/2023/12/16/housing-market-why-homes-expensive-chart-inventory" target="_blank">amount of homes in the United States simply has not kept up</a> with population growth. So even if this were a less interest-rate-crunched market, there still wouldn't be enough houses for the people who need them. </p><p>Meanwhile, we also have a pricing problem. Home prices have risen 2.4 times faster than inflation, according to a recent <a data-analytics-id="inline-link" href="https://listwithclever.com/research/housing-inflation-2024/" target="_blank">report from Clever Real Estate</a>. If home prices had kept pace with inflation, the median home would be $177,500 today, per the report. Instead, it's over $400,000. So if you aren't already a homeowner who has seen the worth of your home appreciate past inflation, the path to homeownership is that much more difficult. </p><h2 id="what-can-you-do-if-you-want-to-buy-a-home-now-2">What can you do if you want to buy a home now?</h2><p>Well, my first question is: Can you wait? </p><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/buying-a-home/renting-is-cheaper-than-buying">Renting is cheaper than buying</a> pretty much everywhere these days, data show. So if you can, find a good place to rent and use the time and savings to build a bigger down payment nest egg. </p><p>Once you have more funds to put into a down payment (or if you already have the savings to go above 20% of a down payment), buying a home will be somewhat more reasonable even if mortgage rates stay high, since you won't be paying as much interest. You can also take the time to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/mortgages/605165/how-to-shop-for-a-low-mortgage-rate">shop for a low mortgage rate</a> and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/mortgages/30-year-mortgage-rates">find the best 30-year mortgage rate</a> possible. </p><p>You might end up waiting a long while if you're hoping for the rates to drop a lot, though. The <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/interest-rates">Kiplinger interest rate forecast</a> predicts that rate cuts from the Fed won't come at least until November, after the presidential election. The team predicts the Fed would then continue to cut rates into 2026, but it won't get back to those low-low rates we saw at the beginning of this decade. </p><p>So, you could consider some other mortgage options. For example, you can see if there's an opportunity for <a data-analytics-id="inline-link" href="https://www.nytimes.com/2024/05/09/business/low-rate-assumable-mortgage.html" target="_blank">an assumable mortgage</a>, where you can basically take over a mortgage rate from the previous owner. As The New York Times recently reported, there's even a site to help you find homes with assumable loans, <a data-analytics-id="inline-link" href="https://www.withroam.com/" target="_blank">Roam</a>.</p><p>If your family has the funds, you can also consider an intrafamily loan. Like with an assumable mortgage, there are several requirements to pass for an intrafamily loan, including that you must be charged interest at a minimum rate, the <a data-analytics-id="inline-link" href="https://www.irs.gov/applicable-federal-rates" target="_blank">Applicable Federal Rate (AFR) set by the IRS</a>. Right now, for long-term loans, that's 4.55%, which is a lot better than 7%. </p><p>And if you don't have generational wealth to help out? There are some <a data-analytics-id="inline-link" href="https://www.usa.gov/buying-home-programs" target="_blank">government</a> and <a data-analytics-id="inline-link" href="https://www.chase.com/personal/mortgage/affordablelending" target="_blank">private programs</a> that try to make it easier, but this is yet another example of how systematic barriers and inequality make wealth building difficult, since buying a home is one of the best ways to build wealth and that is increasingly out of reach for would-be first-generation first-time buyers. </p><p>Overall, given the state of mortgage rates, home prices and supply, it's not hard to agree that this just might be the worst time in modern history to buy a home. </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/how-to-help-your-children-buy-a-home">How to Help Your Children Buy a Home</a></li><li><a href="https://www.kiplinger.com/real-estate/things-to-know-about-buying-a-second-home">10 Things For Retirees To Know About Buying A Second Home</a></li><li><a href="https://www.kiplinger.com/real-estate/mortgages/605165/how-to-shop-for-a-low-mortgage-rate">How to Shop for a Low Mortgage Rate</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/real-estate/buying-a-home/is-this-the-worst-time-to-buy-a-home</link> <description> <![CDATA[ A new poll shows a vast majority of Americans believe now is a bad time to buy a house, in the worst low in Gallup's history. ]]> </description> <guid isPermaLink="false">aph5QuQrPv3JrD5cM3oZYK</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/fYvgDJp7XQ6CqkPPAiVk9a.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Fri, 10 May 2024 20:15:06 +0000</pubDate> <category><![CDATA[Buying-a-home]]></category> <category><![CDATA[mortgages]]></category> <category><![CDATA[interest rates]]></category> <category><![CDATA[Economy]]></category> <category><![CDATA[real estate]]></category> <category><![CDATA[personal finance]]></category> <category><![CDATA[banking]]></category> <category><![CDATA[investing]]></category> <author><![CDATA[ alexandra.svokos@futurenet.com (Alexandra Svokos) ]]></author> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/fYvgDJp7XQ6CqkPPAiVk9a.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[A house with a quaint front porch.]]></media:text> <media:title type="plain"><![CDATA[A house with a quaint front porch.]]></media:title> </media:content> </item> <item> <title><![CDATA[ Stock Market Today: Stocks End Mixed on the Day, Higher on the Week ]]></title> <dc:content><![CDATA[ <p>A worse-than-expected reading on consumer sentiment kept a lid on stocks Friday, though the main indexes extended their weekly win streaks. The price action could pick up next week with several key <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/inflation">inflation</a> readings and an appearance from Fed Chair Jerome Powell on the docket. </p><p>The main indexes opened comfortably higher this morning but fell to their session lows after the University of Michigan said its Consumer Sentiment Index plunged to 67.4 in May from April's reading of 77.2.</p><p>"While consumers had been reserving judgment for the past few months, they now perceive negative developments on a number of dimensions," <a data-analytics-id="inline-link" href="http://www.sca.isr.umich.edu/" target="_blank"><u>the report stated</u></a>. "They expressed worries that inflation, unemployment and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/interest-rates"><u>interest rates</u></a> may all be moving in an unfavorable direction in the year ahead." </p><div class='jwplayer__widthsetter'><div class='jwplayer__wrapper'><div id='futr_botr_TZ5u6hI1_a7GJFMMh_div' class='future__jwplayer'><div id='botr_TZ5u6hI1_a7GJFMMh_div'></div></div></div></div><p>The data also showed that both short-term and long-term inflation expectations edged higher this month.</p><p>The Consumer Sentiment Index was a "double whammy" for the Fed, says Chris Zaccarelli, chief investment officer for <a data-analytics-id="inline-link" href="https://independentadvisoralliance.com/we-are-iaa-old/our-team/" target="_blank"><u>Independent Advisor Alliance</u></a>. If consumer spending slows and inflation accelerates, "we'll get the opposite of the Goldilocks scenario that many were hoping for, and the Fed will be in an especially difficult position of choosing between accommodating a slowing economy and fighting increasing inflation expectations," Zaccarelli explains.</p><h2 id="sweetgreen-soars-after-beat-and-raise-quarter-2">Sweetgreen soars after beat-and-raise quarter</h2><p>Market participants also sifted through this week's final batch of corporate earnings reports. Fast-casual restaurant chain <strong>Sweetgreen</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=SG" target="_blank">SG</a>) surged 34% after the company beat on the top line and raised its full-year forecast. SG also said it is rolling out steak options nationally for the first time following a successful trial run in Boston.</p><p>"We believe SG represents an early stage generational growth story armed with a model in early innings of a powerful revision cycle," says Oppenheimer analyst <a data-analytics-id="inline-link" href="https://www.oppenheimer.com/corporations-institutions/equities/consumer.aspx" target="_blank"><u>Brian Bittner</u></a> (Outperform, the equivalent of Buy), adding that Sweetgreen's quarterly results are "consistent with our 'top pick' thesis."</p><h2 id="novavax-more-than-doubles-on-sanofi-partnership-2">Novavax more than doubles on Sanofi partnership</h2><p><strong>Novavax</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=NVAX" target="_blank">NVAX</a>) was another notable post-earnings gainer, nearly doubling (+98.9%) in value Friday. While the drugmaker said first-quarter revenue rose 16% year-over-year and its net loss narrowed from Q1 2023, it was the disclosure of a <a data-analytics-id="inline-link" href="https://ir.novavax.com/press-releases/2024-05-10-Novavax-Reports-First-Quarter-2024-Financial-Results-and-Operational-Highlights"><u>new billion-dollar licensing agreement</u></a> with <strong>Sanofi</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=SNY" target="_blank">SNY</a>, +1.2%) that lit a fire under NVAX. </p><p>Under the terms of the deal, Sanofi will sell Novavax's current COVID-19 vaccine while the two companies co-develop a COVID-19/influenza combination vaccine.</p><p>On the negative side of the ledger, <strong>Akamai Technologies</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=AKAM" target="_blank">AKAM</a>) slumped 11% after the cloud services firm's lower-than-expected Q1 revenue and Q2 guidance offset a first-quarter earnings beat. </p><p>As for the main indexes, the <strong>Dow Jones Industrial Average</strong> closed up 0.3% at 39,512 – its eighth consecutive gain – the <strong>S&P 500</strong> was 0.2% higher at 5,222, and the <strong>Nasdaq Composite</strong> had slipped 0.03% to 16,340. It was a third straight weekly win for the S&P 500 and Nasdaq, and the fourth straight for the Dow. </p><h2 id="powell-cpi-walmart-earnings-on-deck-2">Powell, CPI, Walmart earnings on deck</h2><p>Next week's jam-packed <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/economy/this-weeks-economic-calendar"><u>economic calendar</u></a> and notable earnings lineup could spark volatility in the stock market. Investors are most interested in Fed Chair Powell's early morning speech on Tuesday. An update on wholesale prices is also slated for release that day, while the April Consumer Price Index (CPI) is due Wednesday morning.</p><p>Investors will also see how sticky inflation is impacting consumers' spending behavior thanks to quarterly results from blue chip retailers <strong>Home Depot</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=HD" target="_blank">HD</a>, -0.3%) and <strong>Walmart</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=WMT" target="_blank">WMT</a>, +0.1%).</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/17494/next-week-earnings-calendar-stocks">Kiplinger's Earnings Calendar for This Week</a></li><li><a href="https://www.kiplinger.com/investing/what-is-stagflation">What Is Stagflation and How Can Investors Prepare?</a></li><li><a href="https://www.kiplinger.com/investing/analysts-top-sandp-500-stocks-to-buy-now">Analysts' Top S&P 500 Stocks to Buy Now</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/investing/stocks/stock-market-today-stocks-end-mixed-on-the-day-higher-on-the-week</link> <description> <![CDATA[ The latest consumer sentiment data showed inflation concerns are on the rise. ]]> </description> <guid isPermaLink="false">GdXSz39MhTNZvmuMM2BhnP</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/aUbf6oajUQLY9U879TtmcK.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Fri, 10 May 2024 20:13:40 +0000</pubDate> <category><![CDATA[stocks]]></category> <category><![CDATA[Investing]]></category> <category><![CDATA[investing]]></category> <author><![CDATA[ karee.venema@futurenet.com (Karee Venema) ]]></author> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/aUbf6oajUQLY9U879TtmcK.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[blue stock market chart with red and teal bars and green moving average]]></media:text> <media:title type="plain"><![CDATA[blue stock market chart with red and teal bars and green moving average]]></media:title> </media:content> </item> <item> <title><![CDATA[ What Does Medicare Not Cover? Seven Things You Should Know ]]></title> <dc:content><![CDATA[ <p>Medicare Part A and Part B, also known as Original <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/medicare-basics-things-you-need-to-know">Medicare</a> or Traditional Medicare, cover a large portion of your medical expenses after you turn 65. Part A (hospital insurance) helps pay for inpatient hospital stays, stays in skilled nursing facilities, surgery, hospice care and even some home health care. Part B (medical insurance) helps pay for doctors' visits, outpatient care, some preventive services, and some medical equipment and supplies. Most folks can <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare-checklist-avoid-enrollment-mistakes">start signing up for Medicare</a> three months before the month they turn 65.</p><p>It's important to understand that Medicare Part A and Part B leave some pretty significant gaps in your health-care coverage. This is why increasing numbers of Medicare beneficiaries choose to go with Medicare Advantage, which purports to fill some of those gaps.</p><p>A private plan through <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/603537/is-a-medicare-advantage-plan-right-for-you" data-original-url="https://www.kiplinger.com/retirement/medicare/603537/is-a-medicare-advantage-plan-right-for-you">Medicare Advantage</a> can offer more benefits and lower premiums. But a recent report from the <a data-analytics-id="inline-link" href="https://oig.hhs.gov/oei/reports/OEI-09-18-00260.asp" target="_blank">Office of Inspector General</a> found that some beneficiaries of Medicare Advantage are denied necessary care.</p><p>Here's a closer look at what isn't covered by traditional Medicare, plus information about supplemental insurance policies, Medicare Advantage and strategies that can help cover the additional costs, so you don't end up with unexpected medical bills in retirement.</p><!-- TBC --><p>Medicare doesn’t provide coverage for outpatient prescription drugs, but you can buy a separate <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/603541/what-you-must-know-about-the-different-parts-of-medicare">Part D</a> prescription drug policy that does, or a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/603537/is-a-medicare-advantage-plan-right-for-you">Medicare Advantage</a> plan that covers both medical and drug costs. (Some retiree health-care policies cover prescription drugs, too). You can sign up for Part D or Medicare Advantage coverage when you <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/603551/when-is-medicare-open-enrollment">enroll in Medicare</a> or when you lose other drug coverage. And you can change policies during open enrollment season each fall. Compare costs and coverage for your specific medications under either a Part D or Medicare Advantage plan by using the <a data-analytics-id="inline-link" href="https://www.medicare.gov/find-a-plan/questions/home.aspx" target="_blank">Medicare Plan Finder</a>.</p><!-- TBC --><p>One of the largest potential expenses in retirement is the cost 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>. The median cost of a private room in a nursing home was roughly $120,304 in 2024 (according to Genworth estimates cited by <a data-analytics-id="inline-link" href="https://www.seniorliving.org/nursing-homes/costs/" target="_blank">SeniorLiving.org</a>); a room in an assisted-living facility costs $66,126, and a home health aide costs $213 per day.</p><p>Medicare provides coverage for some skilled nursing services but not for custodial care, such as help with bathing, dressing and other activities of daily living<strong>.</strong> But you can buy <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/long-term-care/long-term-care-insurance" data-original-url="https://www.kiplinger.com/retirement/long-term-care/long-term-care-insurance">long-term-care insurance</a> or a combination long-term-care and life insurance policy to cover these costs.</p><p>You can also get a long-term care rider on an <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/annuities-what-they-are-and-how-they-work">annuity</a>, which could help defray the cost of long-term care.</p><!-- TBC --><p>Medicare <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/603541/what-you-must-know-about-the-different-parts-of-medicare">Part A</a> covers hospital stays, and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/603541/what-you-must-know-about-the-different-parts-of-medicare">Part B</a> covers doctors’ services and outpatient care. But you’re responsible for deductibles and co-payments. In 2024, you’ll have to pay a Part A <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/what-youll-pay-for-medicare">deductible of $1,632</a> before coverage kicks in, and you’ll also have to pay a portion of the cost of long hospital stays — $408 per day for days 61-90 in the hospital and $816 per day after that. Be aware: Over your lifetime, Medicare will only help pay for a total of 60 days beyond the 90-day limit, called “lifetime reserve days,” and thereafter you’ll pay the full hospital cost.</p><p>Part B typically covers 80% of doctors’ services, lab tests and x-rays, but you’ll have to pay 20% of the costs after a $240 deductible in 2024. A <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/603543/whats-the-best-medigap-plan" target="_blank">Medigap</a> (Medicare supplement) policy or <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/603537/is-a-medicare-advantage-plan-right-for-you" data-original-url="https://www.kiplinger.com/retirement/medicare/603537/is-a-medicare-advantage-plan-right-for-you">Medicare Advantage</a> plan can fill in the gaps if you don’t have the supplemental coverage from a retiree health insurance policy. Medigap policies are sold by private insurers and come in 10 standardized versions that pick up where Medicare leaves off. If you buy a Medigap policy within six months of signing up for Medicare Part B, then insurers can’t reject you or charge more because of preexisting conditions. See <a data-analytics-id="inline-link" href="https://www.medicare.gov/health-drug-plans/medigap/basics/compare-plan-benefits" target="_blank">Compare Medigap Plan Benefits</a> at <a data-analytics-id="inline-link" href="http://Medicare.gov" target="_blank">Medicare.gov</a> for more information. Medicare Advantage plans provide both medical and drug coverage through a private insurer, and they may also provide additional coverage, such as vision and dental care. You can switch Medicare Advantage plans every year during open enrollment season.</p><!-- TBC --><p>Medicare doesn’t provide coverage for routine dental visits, teeth cleanings, fillings, dentures or most tooth extractions. Some Medicare Advantage plans cover basic cleanings and X-rays, but they generally have an annual coverage cap of about $1,500. You could also get coverage from a separate dental insurance policy or a dental discount plan. An alternative is to build up money in a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/hsa-contribution-limit-2024">health savings account</a> (HSA) before you enroll in Medicare; you can use the money tax-free for medical, dental and other out-of-pocket costs at any age (you can’t make new contributions to an HSA after you sign up for Medicare).</p><!-- TBC --><p>Medicare generally doesn’t cover routine eye exams or glasses (exceptions include an annual eye exam if you have diabetes or eyeglasses after having certain kinds of cataract surgery). But some Medicare Advantage plans provide vision coverage, or you may be able to buy a separate supplemental policy that provides <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/604626/retirees-here-are-3-paths-for-getting-vision-insurance" data-original-url="https://www.kiplinger.com/retirement/604626/retirees-here-are-3-paths-for-getting-vision-insurance">vision care</a> alone or includes both dental and vision care. If you set aside money in a health savings account before you enroll in Medicare, you can use the money tax-free at any age for glasses, contact lenses, prescription sunglasses and other out-of-pocket costs for vision care.</p><!-- TBC --><p>Hearing aids are critical for maintaining a healthy brain for those with hearing loss. <a data-analytics-id="inline-link" href="https://www.nih.gov/news-events/nih-research-matters/hearing-aids-slow-cognitive-decline-people-high-risk" target="_blank">A recent study</a> found that hearing aids lowered the rate of cognitive decline in older adults at high risk of dementia by almost 50%. </p><p>Medicare doesn’t cover routine hearing exams or hearing aids, which can cost from $2,000 to $4,000 per ear. However, some Medicare Advantage plans cover hearing aids and fitting exams, and some discount programs provide lower-cost hearing aids. If you save money in an HSA before you enroll in Medicare, you can also use that tax-free for hearing aids and other out-of-pocket expenses.</p><p>If you have mild hearing loss, an over-the-counter hearing aid might be a good fit for you. <a data-analytics-id="inline-link" href="https://newsnetwork.mayoclinic.org/discussion/mayo-clinic-q-and-a-are-over-the-counter-hearing-devices-a-fit-for-you/" target="_blank" rel="nofollow">According to the Mayo Clinic,</a> these devices typically cost between $99 and $1,700 a pair. Be sure to get an audiology test before you get over-the-counter hearing aids, as <a data-analytics-id="inline-link" href="https://www.hopkinsmedicine.org/health/treatment-tests-and-therapies/hearing-aids/over-the-counter-hearing-aids-faq" target="_blank">Johns Hopkins</a> recommends.</p><!-- TBC --><p>Medicare usually doesn’t cover care you receive while traveling outside of the U.S., except for very limited circumstances (such as on a cruise ship within six hours of a U.S. port). But some Medigap plans will cover 80% of the cost of emergency care abroad up to a certain limit. </p><p>Medicare Supplement plans C, D, F, G, M and N cover some travel-abroad emergency help. No other Medicare Supplement plans provide foreign travel emergency coverage.</p><p>Additionally, some Medicare Advantage plans cover emergency care abroad. Or you could buy a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/heres-what-you-need-to-know-about-travel-medical-insurance">travel insurance policy</a> that covers some medical expenses while you’re outside of the U.S. and may even cover emergency medical evacuation, which can otherwise cost tens of thousands of dollars to transport you aboard a medical plane or helicopter.</p><!-- TBC --><p>Medicare Advantage may provide coverage for some things not covered by traditional Medicare. However, as mentioned above, a <a data-analytics-id="inline-link" href="https://oig.hhs.gov/oei/reports/OEI-09-18-00260.pdf" target="_blank">2022 report</a> found that <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/considering-a-medicare-advantage-plan-be-wary-of-promises">some Medicare Advantage insurance providers unnecessarily denied care or payments for care</a> that would have been provided to beneficiaries had they chosen traditional Medicare.</p><p>The Advantage insurance providers likewise “denied payments to providers for some services that met both Medicare coverage rules” and the organizations’ billing rules, according to the <a data-analytics-id="inline-link" href="https://oig.hhs.gov/oei/reports/OEI-09-18-00260.pdf" target="_blank">report</a>. This could prevent or delay needed care for beneficiaries and could result in a burden on medical providers.</p><p>The report also found that 13% of the time that Medicare Advantage providers denied prior authorization, the requests met rules making them eligible under original Medicare, suggesting they would have been approved if the beneficiaries had not chosen Advantage instead of standard Medicare.</p><p>The report concluded that in those instances, Advantage insurance providers “used clinical criteria that are not contained in Medicare coverage rules.” For example, they might require an X-ray before approving more advanced imaging. In addition, the Advantage insurance providers denied some prior authorizations for care on the basis that the requests didn’t have enough documentation to support approval. Yet, the inspector general found, “our reviewers found that the existing beneficiary medical records were sufficient to support the medical necessity of the services.”</p><p>Often, when challenged, however, the Advantage insurance providers would reverse their decisions. So, it’s important for patients to be able to advocate for necessary coverage if denied.</p><p>Lawmakers on both sides of the aisle recently <a data-analytics-id="inline-link" href="https://www.politico.com/news/2023/11/24/medicare-advantage-plans-congress-00128353" target="_blank" rel="nofollow">introduced legislation</a> to curb frivolous denials of care by Advantage insurers. And the <a data-analytics-id="inline-link" href="https://www.hhs.gov/about/news/2024/04/04/biden-harris-administration-finalizes-rule-expanding-access-care-increasing-protections-people-medicare-advantage-medicare-part-d.html" target="_blank">Department of Health and Human Services</a> finalized rules in April 2024 to overhaul how Medicare Advantage customers get prior approval for care. The changes will take effect next year. So stay tuned and do your research when choosing an Advantage provider.</p><p>To look up Medicare’s coverage rules and other types of care and procedures, go to <a data-analytics-id="inline-link" href="https://www.medicare.gov/coverage/your-medicare-coverage.html" target="_blank">Medicare.gov/coverage</a> and use the “Is my test, item or service covered?” tool. Also see . If you believe a claim was unfairly denied, see <a data-analytics-id="inline-link" href="https://www.medicare.gov/claims-appeals/how-do-i-file-an-appeal" target="_blank">How to Appeal a Denied Medicare Claim</a>.</p> ]]></dc:content> <link>https://www.kiplinger.com/retirement/medicare/what-does-medicare-not-cover-things-you-should-know</link> <description> <![CDATA[ Medicare Part A and Part B leave gaps in your health care coverage. But Medicare Advantage has problems, too. ]]> </description> <guid isPermaLink="false">zJcuQTgTyyjPcRgUiHqMy</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/douH2JH95245QvHiPBFsMS.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Fri, 10 May 2024 16:14:00 +0000</pubDate> <category><![CDATA[Medicare]]></category> <category><![CDATA[retirement]]></category> <category><![CDATA[insurance]]></category> <category><![CDATA[long term care]]></category> <category><![CDATA[retirement planning]]></category> <category><![CDATA[social security]]></category> <category><![CDATA[personal finance]]></category> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/douH2JH95245QvHiPBFsMS.jpg"> <media:credit><![CDATA[Getty Images]]></media:credit> <media:text><![CDATA[Doctor in scrubs in hospital refusing to treat a patient with a Medicare card.]]></media:text> <media:title type="plain"><![CDATA[Doctor in scrubs in hospital refusing to treat a patient with a Medicare card.]]></media:title> </media:content> </item> <item> <title><![CDATA[ Mother's Day Brunch 2024: 30 Best Places to Celebrate ]]></title> <dc:content><![CDATA[ <p>Mother’s Day is a yearly celebration to honor mom’s and mother-figures everywhere for all they do. It's also often an opportunity to have a nice meal with family. <strong>This year, Mother’s Day is Sunday, May 12. </strong></p><p>With as many as 54% of Americans planning to dine out for Mother’s Day this year, <a data-analytics-id="inline-link" href="https://www.opentable.com/" target="_blank" rel="nofollow">OpenTable</a> released its<a data-analytics-id="inline-link" href="https://www.opentable.com/blog/brunch-restaurants/"> </a><a data-analytics-id="inline-link" href="https://www.opentable.com/blog/brunch-restaurants/" target="_blank" rel="nofollow">Top 100 Brunch Restaurants in America for 2024</a> to help families everywhere find the best places to treat their superhero moms.</p><p>They scanned diner metrics and over 14 million diner reviews to narrow down the restaurants where people rave about brunch. <strong>We scanned the list and came up with these 30 (out of 100) places to tempt your taste buds. </strong></p><h2 id="arizona-2">Arizona</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=825539738&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F1236013&a=English+Rose+Tea+Room" target="_blank" rel="nofollow">English Rose Tea Room</a> – Located in Carefree. The English Rose Tea Room provides an exquisite “Afternoon Tea” experience.</p><h2 id="california-2">California</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=3409890037&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F335860&a=FARM" target="_blank" rel="nofollow">FARM</a> – Located in Palm Springs. A traditional Provencial-style restaurant in downtown Palm Springs in the historic Plaza, tucked away from traffic. </p><h2 id="colorado-2">Colorado</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=3479356878&u=https%3A%2F%2Fwww.opentable.com%2Fnorth-italia-denver&a=North+Italia" target="_blank" rel="nofollow">North Italia</a> – Located in Denver. Featuring handmade Italian pastas and pizzas made with seasonal, fresh ingredients.</p><h2 id="connecticut-2">Connecticut</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=1688204362&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F1032928&a=Baldanza+at+the+Schoolhouse" target="_blank" rel="nofollow">Baldanza at the Schoolhouse</a> – Located in Wilton. This comfort food restaurant offers seasonal, farm-to-table American and Italian food made primarily from organic and local ingredients. </p><h2 id="district-of-columbia-2">District of Columbia</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=2670711402&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F188062&a=La+Piquette" target="_blank" rel="nofollow">La Piquette</a> – Located in Washington, D.C. A neighborhood bistro providing French dishes. The <a data-analytics-id="inline-link" href="https://lapiquettedc.com/wp-content/uploads/Specials.pdf" target="_blank" rel="nofollow">Mother's Day brunch menu</a> includes Coq au Vin and Pan Seared New York Strip.</p><h2 id="florida-2">Florida</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=2280651040&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F40510&a=Columbia+Restaurant+-+Ybor+City" target="_blank" rel="nofollow">Columbia Restaurant - Ybor City</a> – Located in Tampa. Florida’s Oldest Restaurant has earned acclaim for old-world charm and its award-winning Spanish/Cuban cuisine.</p><h2 id="georgia-2">Georgia</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=243528976&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F1014352&a=Casi+Cielo+Mexican+Cuisine" target="_blank" rel="nofollow">Casi Cielo Mexican Cuisine</a> – Located in Atlanta. Oaxacan inspired restaurant with a focus on traditional Mexican cuisine.</p><h2 id="hawaii-2">Hawaii</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=562241442&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F41368&a=Orchids+at+Halekulani" target="_blank" rel="nofollow">Orchids at Halekulani</a> – Located in Honolulu. Casually elegant open air, oceanfront restaurant, serving Innovative Italian culinary amidst a myriad of exotic orchids. </p><h2 id="illinois-2">Illinois</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=1614179722&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F489&a=Mon+Ami+Gabi" target="_blank" rel="nofollow">Mon Ami Gabi</a> – Located in Chicago. A traditional French bistro located in the heart of Lincoln Park. Dine on Fruit de Mer and Classique Steak Fritz from the <a data-analytics-id="inline-link" href="https://www.monamigabi.com/events/mothers-day/" target="_blank" rel="nofollow">Mother's Day menu</a>.</p><h2 id="indiana-2">Indiana</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=2694186948&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F1055344&a=The+Cake+Bake+Shop+-+Carmel+City+Center" target="_blank" rel="nofollow">The Cake Bake Shop - Carmel City Center</a> – Located in Carmel. Everything on the menu is house made from scratch daily including the Afternoon Tea. Try the special <a data-analytics-id="inline-link" href="https://thecakebakeshop.com/pages/events-at-cake-bake" target="_blank" rel="nofollow">Mother's Day Afternoon Tea</a> available in the week surrounding Mother's Day.</p><h2 id="kansas-2">Kansas</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=2755844335&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F1142860&a=Wandering+Vine+at+The+Castle" target="_blank" rel="nofollow">Wandering Vine at The Castle</a> – Located in Shawnee. Get ready for an extraordinary wine and dining experience in the most romantic setting in Kansas City.</p><h2 id="kentucky-2">Kentucky</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=4255613905&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F266923&a=OBC+Kitchen" target="_blank" rel="nofollow">OBC Kitchen</a> – Located in Lexington. The restaurant is known for its mix of distinctive dishes, rare bourbon and pub like atmosphere. The <a data-analytics-id="inline-link" href="https://obckitchen.com/menus/brunch/" target="_blank" rel="nofollow">brunch menu</a> includes crab cake benedict and steak and eggs.</p><h2 id="louisana-2">Louisana</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=18951942&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F1009744&a=Jack+Rose" target="_blank" rel="nofollow">Jack Rose</a> – Located in New Orleans. An eclectic and engaging dining experience, where guests can savor classic Creole and New Orleans-style dishes reimagined with a modern twist.</p><h2 id="maryland-2">Maryland</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=3549559528&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F28417&a=Monocacy+Crossing" target="_blank" rel="nofollow">Monocacy Crossing</a> – Located five miles south of Frederick. Offering American dishes in a country style setting. <a data-analytics-id="inline-link" href="https://monocacycrossing.com/menus/" target="_blank" rel="nofollow">Sunday brunch</a> includes chicken biscuit topped with a fried egg, and two bacon-wrapped petite filet with poached eggs. </p><h2 id="massachusetts-2">Massachusetts</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=3466252478&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F1269145&a=Silver+Dove+Afternoon+Tea" target="_blank" rel="nofollow">Silver Dove Afternoon Tea</a> – Located in Boston. Full service tearoom specializing in English style afternoon tea service.</p><h2 id="minnesota-2">Minnesota</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=461916098&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F1050022&a=Baldamar" target="_blank" rel="nofollow">Baldamar</a> – Located in Roseville. Every steak is aged 40 days and 40 nights and the crazy-fresh seafood means it was caught during your morning commute.</p><h2 id="nevada-2">Nevada</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=306566819&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F96784&a=Bacchanal+Buffet+Caesars+Palace" target="_blank" rel="nofollow">Bacchanal Buffet Caesars Palace</a> – Located in Las Vegas. Hundreds of dishes are available at this large buffet.</p><h2 id="new-jersey-2">New Jersey</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=420471598&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F1259521&a=Tops+Diner" target="_blank" rel="nofollow">Tops Diner</a> – Located in East Newark. Providing a diverse menu of high quality options set in a recreated 1920’s renaissance diner.</p><h2 id="new-york-2">New York</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=2758153092&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F8033&a=Little+Owl" target="_blank" rel="nofollow">Little Owl</a> – Located in New York. Bold-flavored Mediterranean cuisine served in a cozy indoor and spacious outdoor setting on Bedford Street. </p><h2 id="north-carolina-2">North Carolina</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=511492801&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F992296&a=Afternoon+Tea+at+the+O.Henry+Hotel" target="_blank" rel="nofollow">Afternoon Tea at the O.Henry Hotel</a> – Located in Greensboro. The service, ambiance, tea, scones, finger sandwiches, and treats are made in-house by a team of pastry chefs. </p><h2 id="ohio-2">Ohio</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=3392306935&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F4465&a=Pier+W" target="_blank" rel="nofollow">Pier W</a> – Located in Cleveland. Serving the best Cleveland seafood while overlooking Lake Erie. The <a data-analytics-id="inline-link" href="https://pierw.com/wp-content/uploads/Brunch-2024-1.pdf" target="_blank" rel="nofollow">brunch menu</a> includes grilled beef sirloin and seasonal vegetables ricotta cheese blintzes.</p><h2 id="oklahoma-2">Oklahoma</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=4159253324&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F5199&a=Cheever%27s+Cafe" target="_blank" rel="nofollow">Cheever's Cafe</a> – Located in Oklahoma City. Contemporary comfort food with Southwest influences.</p><h2 id="pennsylvania-2">Pennsylvania</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=1792641278&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F60391&a=Talula%27s+Garden" target="_blank" rel="nofollow">Talula's Garden</a> – Located in Philadelphia. Warm and elegant Washington Square eatery with a modern menu, prepared with carefully-sourced ingredients and a light European touch.</p><h2 id="rhode-island-2">Rhode Island</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=3388388300&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F13495&a=Boat+House+Waterfront+Dining" target="_blank" rel="nofollow">Boat House Waterfront Dining</a> – Located in Tiverton. Fresh New England seafood and local produce overlooking Mt. Hope Bay. </p><h2 id="south-carolina-2">South Carolina</h2><p><a data-analytics-id="inline-link" href="https://www.opentable.com/r/bistro-217-pawleys-island" target="_blank" rel="nofollow">Bistro 217</a>, located in Pawleys Island. The eclectic menu includes seafood, steak, pasta, and homemade desserts and ice cream. </p><h2 id="tennessee-2">Tennessee</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=1771966535&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F1006204&a=House+of+Cards" target="_blank" rel="nofollow">House of Cards</a> – Located in Nashville. Underground in a 10,000 sq. ft space, House of Cards celebrates classic American cuisine and fine hand-crafted cocktails.</p><h2 id="texas-2">Texas</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=172640514&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F5243&a=Al+Biernat%27s+-+Oak+Lawn" target="_blank" rel="nofollow">Al Biernat's - Oak Lawn</a> – Located in Dallas. A great steakhouse that also offers incredible seafood and over 650 wine choices.</p><h2 id="virginia-2">Virginia</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=3788119829&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F18853&a=Le+Yaca" target="_blank" rel="nofollow">Le Yaca</a> – Located in Williamsburg. Featuring French and European dining. <a data-analytics-id="inline-link" href="https://leyacawilliamsburg.com/wp-content/uploads/2024/03/BRUNCH-2024.pdf" target="_blank" rel="nofollow">Brunch</a> includes beef and crab benedict, and filet au poivre.</p><h2 id="vermont-2">Vermont</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=2723215481&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F3681&a=Simon+Pearce+Restaurant" target="_blank" rel="nofollow">Simon Pearce Restaurant</a> – Located in Quechee. Using fresh local ingredients, the American cuisine is served with the backdrop of the Ottauquechee River waterfall and covered bridge.</p><h2 id="washington-2">Washington</h2><p><a data-analytics-id="inline-link" href="https://c212.net/c/link/?t=0&l=en&o=4154278-1&h=1614166249&u=https%3A%2F%2Fwww.opentable.com%2Frestaurant%2Fprofile%2F98878&a=Tilikum+Place+Cafe" target="_blank" rel="nofollow">Tilikum Place Cafe</a> – Located in Seattle. Featuring fresh, handcrafted meals, and a broad spectrum of libations.</p><p>Find <a data-analytics-id="inline-link" href="https://www.opentable.com/blog/brunch-restaurants/" target="_blank" rel="nofollow">the complete list of all 100 restaurants here</a>. </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-time-to-book-holidays">The Best Time to Book 2024 Holidays</a></li><li><a href="https://www.kiplinger.com/personal-finance/travel/how-long-it-takes-to-renew-your-passport-and-what-to-do-if-youre-traveling-soon">How Long it Takes to Renew Your Passport And What to Do If You're Traveling Soon</a></li><li><a href="https://www.kiplinger.com/personal-finance/travel/what-you-need-to-travel-to-europe-in-2024">What You Need to Travel to Europe in 2024</a></li><li><a href="https://www.kiplinger.com/personal-finance/leisure/aarp-deals-and-tips-for-travel">AARP Deals and Tips For Travel</a></li></ul> ]]></dc:content> <link>https://www.kiplinger.com/personal-finance/food/mothers-day-brunch-best-places</link> <description> <![CDATA[ Mother’s Day is Sunday, May 12. Treat your mother or mother-figure to brunch at one of these 30 rave-worthy restaurants. ]]> </description> <guid isPermaLink="false">E9tFDuaadzWWpTSpnQzYof</guid> <enclosure url="https://cdn.mos.cms.futurecdn.net/UxV4RyxCYtVaZHR76YGdTC.jpg" type="image/jpeg" length="0"></enclosure> <pubDate>Fri, 10 May 2024 16:10:47 +0000</pubDate> <category><![CDATA[food]]></category> <category><![CDATA[Food]]></category> <category><![CDATA[Leisure]]></category> <category><![CDATA[leisure]]></category> <category><![CDATA[Wine]]></category> <category><![CDATA[wine]]></category> <category><![CDATA[deals]]></category> <category><![CDATA[Deals]]></category> <category><![CDATA[personal finance]]></category> <category><![CDATA[spending]]></category> <category><![CDATA[shopping]]></category> <author><![CDATA[ upnorthwriter@icloud.com (Kathryn Pomroy) ]]></author> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/UxV4RyxCYtVaZHR76YGdTC.jpg"> <media:credit><![CDATA[Thomas M Barwick INC]]></media:credit> <media:text><![CDATA[Mature daughter embracing mother after outdoor family dinner party]]></media:text> <media:title type="plain"><![CDATA[Mature daughter embracing mother after outdoor family dinner party]]></media:title> </media:content> </item> </channel></rss>If you would like to create a banner that links to this page (i.e. this validation result), do the following:
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