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Source: https://www.kiplinger.com/feed/all

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<description><![CDATA[ All the latest content from the Kiplinger team ]]></description>
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<title><![CDATA[ Small Caps Hit First New High in Four Years: Stock Market Today ]]></title>
<dc:content><![CDATA[ <p>It was a record-setting session on Wall Street Thursday thanks to a big rally in <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/best-tech-stocks-to-buy">tech stocks</a>. Even small caps came along for the ride, with the Russell 2000 notching its first new record high in nearly four years.</p><p>At the close, the blue chip <strong>Dow Jones Industrial Average</strong> was up 0.3% at 46,142, the broader <strong>S&P 500</strong> had gained 0.5% to 6,631, and the tech-heavy <strong>Nasdaq Composite</strong> had added 0.9% to 22,470 – new record closing highs.</p><div class="tradingview-widget-container"> <div class="tradingview-widget-container__widget"></div> <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-market-overview.js" async>{"source":"marketOverview","id":"ebc268ae-5ca5-40d4-a4c8-fd2fcb86d61b","colorTheme":"light","dateRange":"12M","showChart":true,"locale":"en","largeChartUrl":"","isTransparent":false,"showSymbolLogo":true,"showFloatingTooltip":false,"width":"400","height":"550","plotLineColorGrowing":"rgba(41, 98, 255, 1)","plotLineColorFalling":"rgba(41, 98, 255, 1)","gridLineColor":"rgba(240, 243, 250, 0)","scaleFontColor":"rgba(19, 23, 34, 1)","belowLineFillColorGrowing":"rgba(41, 98, 255, 0.12)","belowLineFillColorFalling":"rgba(41, 98, 255, 0.12)","belowLineFillColorGrowingBottom":"rgba(41, 98, 255, 0)","belowLineFillColorFallingBottom":"rgba(41, 98, 255, 0)","symbolActiveColor":"rgba(41, 98, 255, 0.12)","tabs":[{"title":"Indices","originalTitle":"Indices","symbols":[{"d":"S&P 500 Index","s":"FOREXCOM:SPXUSD"},{"d":"Dow Jones Industrial Average Index","s":"FOREXCOM:DJI"},{"d":"Nasdaq Composite","s":"NASDAQ:IXIC"}]},{"title":"Futures","originalTitle":"Futures","symbols":[{"d":"S&P 500","s":"CME_MINI:ES1!"},{"d":"Euro","s":"CME:6E1!"},{"d":"Gold","s":"COMEX:GC1!"},{"d":"WTI Crude Oil","s":"NYMEX:CL1!"},{"d":"Gas","s":"NYMEX:NG1!"},{"d":"Corn","s":"CBOT:ZC1!"}]},{"title":"Bonds","originalTitle":"Bonds","symbols":[{"d":"T-Bond","s":"CBOT:ZB1!"},{"d":"Ultra T-Bond","s":"CBOT:UB1!"},{"d":"Euro Bund","s":"EUREX:FGBL1!"},{"d":"Euro BTP","s":"EUREX:FBTP1!"},{"d":"Euro BOBL","s":"EUREX:FGBM1!"}]},{"title":"Forex","originalTitle":"Forex","symbols":[{"d":"EUR to USD","s":"FX:EURUSD"},{"d":"GBP to USD","s":"FX:GBPUSD"},{"d":"USD to JPY","s":"FX:USDJPY"},{"d":"USD to CHF","s":"FX:USDCHF"},{"d":"AUD to USD","s":"FX:AUDUSD"},{"d":"USD to CAD","s":"FX:USDCAD"}]}],"realType":"embed"}</script></div><p>Not to be left out, the <strong>Russell 2000</strong> – an index made up of <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/best-small-cap-stocks-to-buy"><u>small-cap stocks</u></a> – was 2.5% higher at 2,467, surpassing its previous all-time peak of 2,442.74 from November 9, 2021.</p><p>"The stock market bonanza shows no signs of fatigue after yesterday's <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/live/fed-meeting-live-updates-and-commentary-september-2025">Fed decision</a> was accompanied by predictions of one or two more cuts by Christmas, amidst economic growth estimates in the dot-plot being revised upward," says <a data-analytics-id="inline-link" href="https://ibkrcampus.com/author/jose-torres/" target="_blank"><u>José Torres</u></a>, senior economist at Interactive Brokers.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_TZ5u6hI1_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="TZ5u6hI1"> <div id="botr_TZ5u6hI1_a7GJFMMh_div"></div> </div> </div></div><p>The loosening of financial conditions "will help the cyclically oriented, rate-sensitive areas of the economy that have been languishing," Torres adds, which is evidenced by the outsized rally in the Russell 2000 "because it's the gauge most vulnerable to restrictive monetary policy."</p><p>Also helping lift sentiment today was an encouraging reading on <a data-analytics-id="inline-link" href="https://www.dol.gov/sites/dolgov/files/OPA/newsreleases/ui-claims/20251455.pdf" target="_blank"><u>initial jobless claims</u></a>, which fell by 33,000 last week to 231,000.</p><p>This came "just seven days after the print reached its highest level in 47 months, which generated elevated angst about labor conditions," Torres notes.</p><h2 id="intel-stock-soars-nearly-23-on-nvidia-stake-2">Intel stock soars nearly 23% on Nvidia stake</h2><p>Technology was by far the best-performing of the 11 S&P 500 sectors today, gaining 1.7% on a rally in <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/best-semiconductor-stocks"><u>semiconductor stocks</u></a>.</p><p>Thursday's most notable mover was likely <strong>Intel</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=INTC" target="_blank">INTC</a>), with shares soaring 22.8% on news that <strong>Nvidia</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=NVDA" target="_blank">NVDA</a>, +3.5%) will invest $5 billion in the embattled chipmaker.</p><div class="tradingview-widget-container"> <div class="tradingview-widget-container__widget"></div> <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-single-quote.js" async>{"source":"singleQuote","id":"977ad9d1-4e5f-4fbe-9c82-ccaaf5c2eadf","colorTheme":"light","isTransparent":false,"locale":"en","width":"350","symbol":"intc","realType":"embed"}</script></div><p>The investment, which still needs regulatory approval, is part of a broader deal between the two companies that will result in the co-development of data center and PC chips.</p><p>"This historic collaboration tightly couples Nvidia's AI and accelerated computing stack with Intel's CPUs and the vast x86 ecosystem — a fusion of two world-class platforms," said Nvidia CEO Jensen Huang in <a data-analytics-id="inline-link" href="https://nvidianews.nvidia.com/news/nvidia-and-intel-to-develop-ai-infrastructure-and-personal-computing-products" target="_blank"><u>the press release</u></a>. "Together, we will expand our ecosystems and lay the foundation for the next era of computing."</p><p>"The expanded partnership is solely for products, which have completely missed the AI boat, and we question whether this will significantly improve INTC's data center prospects and drive earnings upside," says CFRA Research analyst <a data-analytics-id="inline-link" href="https://www.linkedin.com/in/angelo-zino-1953a110/" target="_blank"><u>Angelo Zino</u></a>. "That said, we do believe it does set up the prospects for NVDA to eventually leverage INTC's foundry business as INTC desperately seeks a major external partner."</p><p>Zino maintained his Buy rating on Nvidia after the news, and reiterated a Hold rating on Intel.</p><p>For what it's worth, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/nvidia-stock-is-joining-the-dow-is-it-time-to-buy"><u>Nvidia replaced Intel</u></a> in the Dow Jones Industrial Average in November 2024.</p><h2 id="crowdstrike-shares-jump-after-investor-day-2">CrowdStrike shares jump after investor day</h2><p><strong>CrowdStrike Holdings </strong>(<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=CRWD" target="_blank">CRWD</a>) was also on the positive side of the ledger today, jumping 12.8% after a number of Wall Street analysts chimed in after the cybersecurity firm's investor day.</p><div class="tradingview-widget-container"> <div class="tradingview-widget-container__widget"></div> <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-single-quote.js" async>{"source":"singleQuote","id":"0c5db66a-b8f5-45d8-b724-6b2f660fca55","colorTheme":"light","isTransparent":false,"locale":"en","width":"350","symbol":"NASDAQ:CRWD","realType":"embed"}</script></div><p>The annual conference shows that CrowdStrike continues to be the "cybersecurity gold standard," says Wedbush analyst <a data-analytics-id="inline-link" href="https://www.wedbush.com/analysts/daniel-ives/"><u>Daniel Ives</u></a>, who has an Outperform (Buy) rating and $545 price target on the stock. "CRWD is putting AI innovation front and center as the company unveiled 7 new AI agents that take repetitive and complex tasks users face and automate them by leveraging the Charlotte framework [the company's AI tool]."</p><p>Stifel analyst <a data-analytics-id="inline-link" href="https://stifelinstitutional.com/meet/adam-borg/"><u>Adam Borg</u></a> also chimed in on the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/tech-stocks/602685/cybersecurity-stocks-to-lock-up-growth">cybersecurity stock</a>, lifting his price target to $515 from $495.</p><p>"Going into the event, we expected a relatively pedestrian analyst session given CrowdStrike's existing fiscal year 2029 and 2031 targets," Borg wrote in a note to clients. "That said, to our pleasant surprise, CrowdStrike offered several positive comments that signal management's confidence in the business trajectory in coming years."</p><p>Wall Street, as a whole, is generally bullish on CRWD. Of the 54 analysts covering it who are tracked by <a data-analytics-id="inline-link" href="https://www.spglobal.com/market-intelligence/en" target="_blank"><u>S&P Global Market Intelligence</u></a>, 34 say it's a Buy or Strong Buy, 19 have it at Hold and just one rates it at Sell. This works out to a consensus Buy recommendation.</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-to-buy/top-tech-disruptors">5 Top Tech Disruptors to Watch</a></li><li><a href="https://www.kiplinger.com/slideshow/investing/t052-s001-20-best-stocks-to-invest-in-during-this-recession/index.html">Recession-Proof Stocks: The Best Stocks to Buy for a Recession</a></li><li><a href="https://www.kiplinger.com/investing/what-your-portfolio-says-about-you-and-your-relationship-with-risk">What Your Portfolio Says About You and Your Relationship With Risk</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/investing/stocks/small-caps-hit-first-new-high-in-four-years-stock-market-today</link>
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<![CDATA[ The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite also notched fresh record highs Thursday. ]]>
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<title><![CDATA[ Amex Platinum Just Got More Expensive: $895 Fee and $3,500 in Perks Explained ]]></title>
<dc:content><![CDATA[ <p><a data-analytics-id="inline-link" href="https://oc.brcclx.com/t?lid=26689040%22+rel%3D%22sponsored&tid=kiplinger-us-9499433639901205563" target="_blank" rel="nofollow sponsored">The American Express Platinum Card</a> has long been a favorite among frequent travelers and heavy spenders, thanks to its premium rewards and lifestyle perks. American Express recently refreshed the card, adding new benefits valued at up to $3,500 a year.</p><p>But those perks are paired with a fee increase; <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/credit-cards/american-express-credit-cards-the-best-pick-for-you">American Express</a> increased the current annual fee of $695 to $895 per year.</p><p>For some cardholders, the new and expanded perks make the fee increase worth it, but for others, the Platinum Card is no longer the great value it once was.</p><h2 id="breaking-down-the-new-benefits-2">Breaking down the new benefits</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="gt3svQCqq9qbkrjbczyg4M" name="GettyImages-1176363601" alt="Woman paying for lunch with credit card" src="https://cdn.mos.cms.futurecdn.net/gt3svQCqq9qbkrjbczyg4M.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>The Platinum Card includes new and expanded benefits across dining, travel, wellness and entertainment categories. Beginning September 18, 2025, cardholders will enjoy new benefits, including:</p><ul><li><strong>Dining and Resy credits. </strong>Platinum Card® holders can earn up to $100 in statement credits each quarter (up to $400 annually) when they use their card at U.S. <a href="https://resy.com/" target="_blank">Resy restaurants</a> or for other eligible Resy purchases. Cardholders also get access to Platinum Nights by Resy, which offers exclusive reservations at select in-demand restaurants. To take advantage, simply add your eligible card to your Resy profile and enroll to unlock Platinum Nights reservations near you.</li><li><strong>Expanded hotel credits and luxury travel perks.</strong> Get up to $300 in statement credits semi-annually on prepaid <a href="https://www.kiplinger.com/personal-finance/travel-credit-cards/what-american-express-fine-hotels-and-resorts-fhr-program-gets-you">Fine Hotels + Resorts®</a> or The Hotel Collection* bookings through American Express Travel® using the Platinum Card®. *The Hotel Collection requires a minimum two-night stay.</li><li><strong>Lifestyle and wellness benefits. </strong>The new perks include up to $120 in statement credits each year for auto-renewing Uber One memberships when paid with the Platinum Card® (enrollment required). Cardholders can also receive up to $300 in Lululemon credits annually (up to $75 per quarter) for eligible purchases made at U.S. Lululemon stores or online, excluding outlet locations. In addition, Platinum Card members who purchase an Oura Ring through <a href="www.ouraring.com" target="_blank">ouraring.com</a> using their card can earn up to $200 in statement credits each calendar year — though the credit applies only to the ring itself, not to subscription or membership fees.</li><li><strong>Digital entertainment credits. </strong>Cardholders can also receive numerous credits for digital entertainment subscriptions. Subscribers to Disney+, ESPN+, Hulu, The New York Times, Paramount+, Peacock, The Wall Street Journal, YouTube Premium and YouTube TV can receive up to $25 in statement credits each month when they use their Platinum Card to make eligible purchases.</li></ul><p>Lounge access and status perks are still in place. American Express will be expanding its Centurion Lounge Network to include a Haneda Airport in Tokyo, Japan, and a Salt Lake City International Airport in Utah. Cardholders can access more than <a data-analytics-id="inline-link" href="https://www.americanexpress.com/en-us/travel/lounges/the-platinum-card/?inav=us_menu_travel_travel_inspiration_airport_lounge_access_by_card" target="_blank" rel="nofollow">1,550 airport lounges</a>.</p><div class="product star-deal"><a data-dimension112="72d1d983-f3a4-42ad-b120-634059e6eeed" data-action="Star Deal Block" data-label="The Platinum Card® from American Express" data-dimension48="The Platinum Card® from American Express" href="https://oc.brcclx.com/t?lid=26689040%22+rel%3D%22sponsored&tid=https://www.kiplinger.com/personal-finance/credit-cards/amex-platinum-card-refresh-worth-it" target="_blank" rel="nofollow"><figure class="van-image-figure " ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:480px;"><p class="vanilla-image-block" style="padding-top:63.33%;"><img id="GStJSvpafoyABLZ9CZXUSe" name="unnamed" caption="" alt="" src="https://cdn.mos.cms.futurecdn.net/GStJSvpafoyABLZ9CZXUSe.jpg" mos="" align="middle" fullscreen="" width="480" height="304" attribution="" endorsement="" credit="" class=""></p></div></div></figure></a><p><a href="https://oc.brcclx.com/t?lid=26689040%22+rel%3D%22sponsored&tid=https://www.kiplinger.com/personal-finance/credit-cards/amex-platinum-card-refresh-worth-it" target="_blank" rel="nofollow sponsored" data-dimension112="72d1d983-f3a4-42ad-b120-634059e6eeed" data-action="Star Deal Block" data-label="The Platinum Card® from American Express" data-dimension48="The Platinum Card® from American Express" data-dimension25=""><strong>The Platinum Card® from American Express</strong></a></p><p>Earn streaming, dining, travel, shopping and more perks to offset the card's annual fee. <a href="https://links.iterable.com/u/click?_t=07b2b715991940d1b27f499b8141e2c2&_m=366d193bf3654c26abd64c601dc34b57&_e=v8ZjC4SEyHTGN6IY8cx-Ppk-Qj7AVHTB4YWWDkzF7Az-QsCTK4_jiHk_ExKUu8GtkeKidGPGwLznVw2G4WFesJXXIa8bRlKZuMLs0RsYSQX39hFNmeziPMOtg13bff6YIY0BhUpGiT5bDejl3BUjbupgWDDIU10Ywszx13YmxgNGKJjkuXEk0I57yf2jERssXCEb9VifdJBlnJKCKOdBlmSpGi9hVXTZk1X_My4nq0jkg0EWjuwnG-sQo5DQtSYP3E2mNxzb6MWhX2wnk0C3OSev5AanqHhxa2ihDaaimml74ZQZlwwBXRGT1GiwMnPUMJ5AIIk4XHOkCFNvfxo3pq-Ooux_tTPibmUbsQHi2APeNm-0JDZ6rCQaVumGkhuLazB5ISntxsjBb-yKndz_9B04V6Fmcm1ITApQTTC-HeRaOrS1soyMaYgu7XLMQUZeuZ4kry4NPc-NKNGY5CcGgZBijbGDba5h9y7OsrGPflbvnN--qmQrKuLtV03c4glzSZj-qYH3y-Rn1tXMGhAoMl4yLKCEgCSDY4y8M_z-Qvl5qerb7eVdgE2ulzm_rRAT_6C1j4JgFw4ONeGZxLBFv0vSrl9XdrJTCXq4sr0SLEhq6KTfeN9JhtP0jWZOS2KU8e2RP0N8_0cKgL-N93J3QBZiRkZUYA-PpSh9Fj6a-131GfGKefABBAgE2CE_hjpcKPYCa_IDFNIBy2M4w9Tkjg%3D%3D" target="_blank">See Rates & Fees</a></p></div><h2 id="the-math-on-3-500-in-perks-2">The math on $3,500 in perks</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="DfznpEYanDgAHti5xFGknP" name="GettyImages-1496199609" alt="Close up of man holding a cell phone and credit card" src="https://cdn.mos.cms.futurecdn.net/DfznpEYanDgAHti5xFGknP.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>In total, the $895 Amex Platinum Card offers up to $3,500 in annual perks. If you’re able to use the full amount, the higher annual fee could be worthwhile. But in reality, most cardholders will capture only a portion of that value.</p><p>For example, a casual spender might take advantage of the $300 Lululemon credit and, in their first year, the $200 Oura Ring credit. Add in the $155 <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/online-shopping/is-walmart-plus-worth-it">Walmart+</a> benefit and a few digital entertainment credits, and their total value may just meet — or slightly exceed — the $895 fee. Still, it’s unlikely those perks will deliver significant value beyond the cost of the card.</p><p>By contrast, a frequent traveler could come out far ahead. They might use the $600 in hotel credits, the $120 Uber One benefit, and the $400 Resy dining credit, on top of earning 5X points on flights and prepaid hotels. Combine those with upgrades and Centurion Lounge access, and the Platinum Card’s value can easily outweigh its $895 price tag.</p><p>When evaluating the perks that you might get from the card, pay close attention to the requirements for each perk. For example, some credit card perks, like the digital entertainment credit, require you to enroll to receive the reward.</p><p>Other perks require quarterly use; the Resy credit is issued in up to $100 statement credits each quarter. The Lululemon credit is also issued quarterly when you make in-store purchases. You’ll need to read the fine print to make sure you’ll <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/benefit-from-credit-card-perks">get the most value from the credit card perks.</a></p><div class="product star-deal"><a data-dimension112="a9f672c3-9db6-4f35-850b-02b099c2cc4c" data-action="Star Deal Block" data-label="disclosure" data-dimension48="disclosure" href="https://oc.brcclx.com/t?lid=26759006&s1=https://www.kiplinger.com/personal-finance/credit-cards/amex-platinum-card-refresh-worth-it" target="_blank" rel="nofollow"><figure class="van-image-figure " ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:1600px;"><p class="vanilla-image-block" style="padding-top:56.44%;"><img id="FG8RV3mqXth27JkUTWL64B" name="GettyImages-1467770727" caption="" alt="" src="https://cdn.mos.cms.futurecdn.net/FG8RV3mqXth27JkUTWL64B.jpg" mos="" align="middle" fullscreen="" width="1600" height="903" attribution="" endorsement="" credit="" class=""></p></div></div></figure></a><p><strong>Kiplinger Best Travel Cards</strong></p><p>Travel cards help you rack up the points or miles fast, leading to sizable discounts on future trips. Explore our top options, powered by Bankrate. Advertising <a href="https://www.kiplinger.com/content-funding-on-kiplinger" data-dimension112="a9f672c3-9db6-4f35-850b-02b099c2cc4c" data-action="Star Deal Block" data-label="disclosure" data-dimension48="disclosure" data-dimension25=""><u>disclosure</u></a>. <a href="https://oc.brcclx.com/t?lid=26759006&s1=https://www.kiplinger.com/personal-finance/credit-cards/amex-platinum-card-refresh-worth-it" target="_blank" rel="nofollow sponsored"><strong>View offers</strong></a></p></div><h2 id="who-comes-out-ahead-2">Who comes out ahead</h2><p>The American Express Platinum Card offers the greatest value to cardholders who are frequent travelers, diners and lifestyle spenders. Individuals who have multiple streaming subscriptions, who frequently book flights and hotel stays and who shop at retailers like Walmart+ and Lululemon are best positioned to take advantage of the card’s perks.</p><p>Cardholders who aren’t large spenders or who don’t frequently travel will use fewer perks and may find it harder to justify the higher annual fee.</p><h2 id="our-take-on-the-new-platinum-2">Our take on the new Platinum</h2><p>The American Express Platinum Card refresh delivers some appealing benefits, but they come at a cost. The Uber One, Resy and hotel credits are particularly appealing to travelers, while the digital entertainment and Lululemon credit are enticing lifestyle additions that many cardholders may be able to use.</p><p>That said, the Platinum Card is a top-tier <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/credit-cards/best-rewards-credit-cards">rewards credit card</a>, and its fee increase is steep. Cardholders will see that the fee increase goes into effect at their next renewal date on or after January 2, 2026, for consumers. (The increase will take effect on or after December 2, 2025, for business cardholders.)</p><p>If you’re considering applying or renewing the Platinum Card, you’ll need to carefully consider how much value you’re likely to get from it, and whether that value outweighs the annual fee.</p><p><em>As an independent publication dedicated to helping you make the most of your money, the article above is our view of the best deals and is not the opinion of any entity mentioned such as a card issuer, hotel, airline etc. Similarly, the content has not been reviewed or endorsed by any of those entities.</em> <em>This article only reviews select credit cards. We may get compensation if you visit partner links on our site. We may not cover every available offer. Our relationship with advertisers may impact how an offer is presented on our website. However, our </em><a href="https://www.kiplinger.com/personal-finance/credit-card-methodology" target="_blank"><em>selection of products</em></a><em> is made independently of our relationship to advertisers.</em></p><h3 class="article-body__section" id="section-related-content"><span>Related content</span></h3><ul><li><a href="https://www.kiplinger.com/personal-finance/credit-cards/605269/the-best-travel-rewards-credit-cards">Best Travel Cards of 2025</a></li><li><a href="https://www.kiplinger.com/personal-finance/travel-credit-cards/travel-card-savings-10000-trip">How Much the Best Travel Credit Cards Can Save You on a $10,000 Trip</a></li><li><a href="https://www.kiplinger.com/personal-finance/travel-credit-cards/what-american-express-fine-hotels-and-resorts-fhr-program-gets-you">What Amex's Fine Hotels + Resorts (FHR) Program Gets You at Hotels In Sydney, Vegas and Lisbon</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/personal-finance/credit-cards/amex-platinum-card-refresh-worth-it</link>
<description>
<![CDATA[ American Express raises the Platinum Card’s annual fee to $895 and expands its perks. We break down the changes so you don’t have to. ]]>
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<pubDate>Thu, 18 Sep 2025 19:23:44 +0000</pubDate> <category><![CDATA[Credit Cards]]></category>
<category><![CDATA[Rewards Credit Cards]]></category>
<category><![CDATA[Personal Finance]]></category>
<dc:creator><![CDATA[ Paige Cerulli ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/GStJSvpafoyABLZ9CZXUSe-1280-80.jpg">
<media:credit><![CDATA[American Express]]></media:credit>
<media:text><![CDATA[a picture of The Platinum Card from American Express]]></media:text>
<media:title type="plain"><![CDATA[a picture of The Platinum Card from American Express]]></media:title>
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<title><![CDATA[ Falling Interest Rates: What They Mean for Homeowners, Savers and Investors ]]></title>
<dc:content><![CDATA[ <p>The ripple effects of each Federal Reserve meeting reach far beyond Wall Street. They shape the rate on your mortgage, the growth of your savings, and even the value of long-term investments.</p><p>Ahead of the September Fed meeting, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/mortgages/mortgage-rates-fall-as-jobs-data-weakens">mortgage rates dropped</a> to their lowest level since October 2024. The average 30-year fixed rate slipped below 6.5% for the first time in months, thanks to cooling inflation and growing confidence that the Fed may begin cutting rates in the coming quarter.</p><p>The reaction was immediate: <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/mortgages/mortgage-market-shift-refinance-apps-up">refinance applications spiked nearly 60% last week</a> — the sharpest increase in more than two years. As rates shift, understanding who stands to benefit and who may lose ground is the first step in adjusting your financial strategy.</p><h2 id="the-big-winners-homeowners-and-buyers-2">The big winners: Homeowners and buyers</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="N8tUcJmDvQN82FQQhEGaxG" name="GettyImages-2213119051" alt="A woman happy as she reviews her personal finances" src="https://cdn.mos.cms.futurecdn.net/N8tUcJmDvQN82FQQhEGaxG.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>Falling mortgage rates are a welcome break for homeowners who took out mortgages during the peak-rate periods of 2022 and 2023. For those with rates above 7%, today’s environment opens the door to consider refinancing into lower monthly payments.</p><p>That relief can free up hundreds of dollars per month, offering a much-needed buffer against other rising costs like groceries, insurance and energy.</p><p>Homebuyers also stand to benefit, at least in theory. Lower rates slightly boost affordability by reducing monthly payment burdens, making it easier to qualify for a mortgage. However, inventory remains tight in many markets, and prices are still elevated. This means buyers may find some relief but not a complete reset of the housing affordability crunch.</p><p>Curious about today's rates? Explore and compare some of today's best offers with the tool below, powered by Bankrate:</p><h2 id="the-losers-banks-investors-and-savers-2">The losers: Banks, investors and savers</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="xTRodkukaSM9vRLD2VfNnV" name="GettyImages-2222452328" alt="A couple going over their personal finances" src="https://cdn.mos.cms.futurecdn.net/xTRodkukaSM9vRLD2VfNnV.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>Not everyone wins when rates fall. Banks and investors holding older mortgage-backed securities (MBS) face losses as new loans enter the market at lower yields. As older, higher-interest loans get refinanced, the value of those securities drops, reducing bank profitability and potentially affecting investor portfolios with heavy exposure to mortgage debt.</p><p>Savers, too, may feel the downside. If the Fed signals a pivot to rate cuts in response to softening inflation and economic data, banks will likely lower yields on <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/cd-vs-high-yield-savings-account-which-is-better">CDs and high-yield savings accounts</a>.</p><p>For consumers relying on those accounts for a reasonable return, the recent gains in interest income may start to decrease. The era of 5% savings rates could be short-lived if broader rate cuts materialize.</p><p>Browse some of today's best savings account offers with the tool below, powered by Bankrate:</p><h2 id="what-it-means-for-your-financial-strategy-2">What it means for your financial strategy</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="HaKNTvqTHTA2z2Xc5DvVr8" name="GettyImages-1502818181" alt="A scale with the percent symbol being lowered" src="https://cdn.mos.cms.futurecdn.net/HaKNTvqTHTA2z2Xc5DvVr8.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>When interest rates shift up or down, it sends a ripple effect across nearly every aspect of your personal finances. That’s especially true when mortgage rates move sharply. If you're a homeowner, a buyer, or someone with money in savings, now’s the time to pause and ask: <em>What should I do differently?</em></p><p>Here are a few options to consider.</p><p><strong>Refinance math: When it makes sense.</strong></p><p>If you have a mortgage with an interest rate at least one percentage point higher than current offerings, now is the time to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/mortgages/when-to-refinance">run the numbers</a>. Just make sure you factor in closing costs, loan term changes and how long you plan to stay in the home. Refinancing isn’t always a slam dunk, but for many, it could mean real monthly savings.</p><p><strong>Diversifying savings if yields fall.</strong></p><p>If CD and high-yield account rates start to decline, look into laddering strategies or short-term Treasury bills to lock in higher yields while they last. Consider moving a portion of savings into I-bonds or other inflation-protected assets if you’re worried about losing ground.</p><p><strong>Big picture: why every rate move creates both opportunity and trade-offs.</strong></p><p>Whether you’re a homeowner, a saver or an investor, every rate change reshapes your financial landscape. With another decision coming in October, now is the time to revisit your strategy, weigh the trade-offs between borrowing and saving and make adjustments that support your long-term goals.</p><p>Falling mortgage rates can provide relief for homeowners and buyers but they also bring challenges for savers and financial institutions. Instead of seeing these shifts as purely good or bad, treat them as a signal to reassess and realign your money decisions.</p><h3 class="article-body__section" id="section-related-content"><span>Related Content:</span></h3><ul><li><a href="https://www.kiplinger.com/real-estate/mortgages/when-to-refinance">My Mortgage Rate is 6.5%. Should I Refinance If Rates Fall By Half a Point</a> </li><li><a href="https://www.kiplinger.com/real-estate/mortgages/30-year-mortgage-rates">Find the Best 30-Year Mortgage Rates Today</a></li><li><a href="https://www.kiplinger.com/real-estate/mortgages/how-refinancing-a-home-loan-works">How Much Does It Cost to Refinance a Mortgage and Other Questions to Consider</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/personal-finance/interest-rates/rate-drop-winners-and-losers</link>
<description>
<![CDATA[ As interest rates fall, homeowners may celebrate while savers feel the pinch. Here’s what the change could mean for your money. ]]>
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<pubDate>Thu, 18 Sep 2025 18:29:42 +0000</pubDate> <category><![CDATA[Interest Rates]]></category>
<category><![CDATA[High Yield Savings Accounts]]></category>
<category><![CDATA[Savings Accounts]]></category>
<category><![CDATA[Mortgages]]></category>
<category><![CDATA[Refinancing]]></category>
<category><![CDATA[Personal Finance]]></category>
<category><![CDATA[Banking]]></category>
<category><![CDATA[Savings]]></category>
<category><![CDATA[Real Estate]]></category>
<category><![CDATA[Credit & Debt]]></category>
<category><![CDATA[Debt]]></category>
<dc:creator><![CDATA[ Choncé Maddox ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/HaKNTvqTHTA2z2Xc5DvVr8-1280-80.jpg">
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<title><![CDATA[ Refinance Applications Surge as Mortgage Rates Tumble ]]></title>
<dc:content><![CDATA[ <p>Mortgage rates have slipped to their lowest level in nearly a year, creating a pivotal moment for homeowners considering a refinance.</p><p>Those who bought after 2022, when rates climbed above 6%, now have an opportunity to reassess. Lower borrowing costs can translate into real savings, but the decision hinges on timing, long-term goals and whether the math works out after closing costs.</p><p>The current surge in refinancing isn’t just about cheaper payments. It’s being driven by signs of a cooling job market, falling Treasury yields and expectations that the Federal Reserve could enter a rate-cut cycle. Together, these forces are reshaping the landscape and prompting many homeowners to take a closer look at their options.</p><h2 id="mortgage-rates-fall-fueling-a-surge-in-refinancing-2">Mortgage rates fall, fueling a surge in refinancing</h2><p>On September 11, <a data-analytics-id="inline-link" href="https://www.freddiemac.com/pmms" target="_blank">Freddie Mac reported</a> a 15-basis-point drop in mortgage rates from the previous week — the largest weekly decline in the past year. The average rate for a 30-year fixed mortgage fell to 6.35%, while the 15-year fixed dropped to 5.5%.</p><p>Homeowners moved quickly to seize the opportunity. Data from the <a data-analytics-id="inline-link" href="https://www.tradingview.com/symbols/ECONOMICS-USMRI/?timeframe=12M" target="_blank">Mortgage Bankers Association</a> shows refinance applications climbed 60% in early September, rising from 1,010 on August 31 to 1,600 by September 7.</p><h2 id="why-refinancing-is-back-on-the-table-2">Why refinancing is back on the table</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:2105px;"><p class="vanilla-image-block" style="padding-top:67.65%;"><img id="YQQwXid8Pb2MLuZZjB584U" name="GettyImages-491377950" alt="A couple going over their household budget" src="https://cdn.mos.cms.futurecdn.net/YQQwXid8Pb2MLuZZjB584U.jpg" mos="" align="middle" fullscreen="" width="2105" height="1424" 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>Several factors are contributing to falling mortgage rates. The August <a data-analytics-id="inline-link" href="https://www.bls.gov/news.release/pdf/empsit.pdf" target="_blank">jobs report</a> revealed that unemployment increased from 4.2% in July to 4.3% in August, suggesting a slowdown in the labor market. The Federal Reserve often cuts interest rates to help drive employment, and a rate cut could help drive mortgage rates down further.</p><p>Additionally, the Treasury yield, which can reflect interest rates, recently dropped to 4.04%. The <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/buying-a-home/how-does-the-10-year-treasury-yield-affect-mortgage-rates">10-year Treasury yield</a>, which is the borrowing cost the government pays over a decade, tends to closely correlate with mortgage rates. The recent drop in the Treasury yield means that mortgage rates will likely drop, too.</p><p>The falling mortgage rates are a welcome reprieve from the high-rate environment of the past 24 months. Beginning in 2023, mortgage rates climbed significantly, and interest rates for a 30-year fixed rate mortgage reached 8% on October 18, 2023, according to <a data-analytics-id="inline-link" href="https://www.mortgagenewsdaily.com/mortgage-rates/30-year-fixed" target="_blank">Mortgage News Daily</a>.</p><p>Rates hovered between about 6.5% and over 7% for much of 2025, so the recent drop offers exciting opportunities for buyers and homeowners looking to refinance.</p><h2 id="what-homeowners-could-gain-by-refinancing-now-2">What homeowners could gain by refinancing now</h2><p>If you bought a home when interest rates were higher than the current 6.35% for a 30-year <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/real-estate/t010-c000-s001-the-pros-and-cons-of-fixed-rate-loans.html">fixed rate mortgage</a>, you could potentially save money by refinancing. When you refinance, you can take advantage of a lower mortgage rate, which means you’ll pay less in interest each month, lowering your monthly mortgage payments.</p><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/mortgages/mortgage-rate-lock-vs-float">Locking in a lower mortgage rate</a> also saves you on interest over the life of a loan. Even if the interest rate has dropped just a few points, those savings can add up significantly across the life of a 30-year loan.</p><p>When you refinance, you also have the option to shorten your loan term. For example, if you’ve been paying on a 30-year mortgage but want to pay your home off sooner, you could refinance to a 15-year mortgage to speed up the process. By paying your home off sooner, you can again save on interest.</p><p>Explore and compare some of today's best refinance offers with the tool below, powered by Bankrate:</p><h2 id="costs-and-risks-to-weigh-carefully-2">Costs and risks to weigh carefully</h2><p>As refinance applications surge, it may be tempting to join in on the refinancing movement, but it’s essential to carefully consider <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/mortgages/when-to-refinance">whether refinancing makes sense</a> for you.</p><p>Start by carefully reviewing the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/mortgages/how-refinancing-a-home-loan-works">costs of refinancing</a>. You will be responsible for paying closing costs to refinance, which typically range from 3% to 6% of your mortgage balance.</p><p>If you owe $250,000 on your home and want to refinance, you could pay $7,500 to $15,000 in closing costs. Those costs can vary depending on the lender you use and the type of refinance you choose, so be sure to shop around and compare costs.</p><p>Calculating the refinance break-even point can help you determine if refinancing makes financial sense. The break-even point occurs when you start saving money as a result of refinancing your home.</p><div class="product star-deal"><p>Get smart tips on saving, spending and investing — delivered straight to your inbox. Sign up for Kiplinger’s<a href="https://www.kiplinger.com/business/get-a-step-ahead" data-dimension112="5845a5c6-b92d-4142-a5d6-5ab9b65a66c8" data-action="Star Deal Block" data-label="" data-dimension48="" data-dimension25=""> <u>A Step Ahead newsletter</u></a>.</p></div><p>To start, add up all of your costs of refinancing, then determine how much money you’ll save each month. Divide your refinancing fees by the amount of money you save per month to determine how many months it will take before you start saving money.</p><p>For example, if your fees total $7,000 and you’ll save $350 a month, you’ll divide 7,000 by 350 for a result of 20 months. In this scenario, you’ll start saving money in just under two years.</p><p>Make sure that you meet the <a data-analytics-id="inline-link" href="https://www.chase.com/personal/mortgage/education/owning-a-home/refinance-requirements" target="_blank" rel="nofollow">requirements to refinance</a>, too. It’s a good idea to have built up at least 20% equity in your home before you refinance. While some lenders will allow you to refinance with less, they will typically require you to carry private mortgage insurance, which will eat into your savings.</p><p>It’s ideal to have a strong <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/what-is-a-good-credit-score">credit score</a>, too. The better your credit score, the better the chances of a lender offering you the lowest available mortgage rate. It’s also important to keep your debt-to-income ratio as low as possible. That ratio affects your credit, plus each lender may require borrowers to meet specific debt-to-income ratio requirements.</p><p>Consider the timing of refinancing, too. If you’re planning to move in just a few years, refinancing may not make sense, especially if you could be moving before you meet that break-even date. If you refinance your mortgage and move soon after, you might never recoup the money you paid for your closing costs, ultimately losing money thanks to a refinance.</p><h2 id="is-this-window-temporary-2">Is this window temporary?</h2><p>The falling mortgage rates may be temporary. Economic instability from a volatile market and unpredictable tariffs could prompt interest rates to increase. If inflation continues to climb, the Federal Reserve might choose to keep interest rates higher to help fight inflation, which could result in higher mortgage rates.</p><p>Since it’s difficult to predict how long lower rates will hold, many homeowners are weighing their options now. The recent drop has already sparked a surge in refinancing, but future moves by the Federal Reserve and broader economic shifts could change the picture quickly.</p><p>For borrowers, the key is understanding how long it might take to benefit from a refinance and whether it aligns with their financial goals — especially in a market that could shift again in the coming months.</p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/personal-finance/mortgage-calculator-find-your-monthly-payment">Mortgage Calculator: Estimate Your Monthly Payment Easily</a></li><li><a href="https://www.kiplinger.com/real-estate/mortgages/mortgage-rates-fall-as-jobs-data-weakens">Mortgage Rates Dip to Year-Low as Jobs Data Disappoints</a></li><li><a href="https://www.kiplinger.com/real-estate/mortgages/when-to-refinance">My Mortgage Rate is 6.5%. Should I Refinance If Rates Fall By Half a Point</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/real-estate/mortgages/mortgage-market-shift-refinance-apps-up</link>
<description>
<![CDATA[ The window to refinance is reopening as mortgage rates hit their lowest level in nearly a year. Here’s what the market shift means for homeowners. ]]>
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<pubDate>Thu, 18 Sep 2025 17:29:44 +0000</pubDate> <category><![CDATA[Refinancing]]></category>
<category><![CDATA[Mortgages]]></category>
<category><![CDATA[Personal Finance]]></category>
<category><![CDATA[Credit & Debt]]></category>
<category><![CDATA[Debt]]></category>
<category><![CDATA[Real Estate]]></category>
<dc:creator><![CDATA[ Paige Cerulli ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/Nf5ywaqvnzT2o4aCHDAv77-1280-80.jpg">
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<title><![CDATA[ Average Spending by Age for Those 55 and Up: Are You Thrifty? ]]></title>
<dc:content><![CDATA[ <p>Budgeting for <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-plans/checklist-for-retirement-planning">retirement</a> is never an exact science. Sure, you can get a close estimate, but until you are in the throes of it, you really won’t know how much you need.</p><p>Many factors contribute to your day-to-day spending, including your age. Retirement tends to play out in stages–from the early go-go days to the final no-go days, and so too will how you spend your <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/600895/retirement-savings-calculator">retirement money</a>.</p><p>When it comes to what <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/average-net-worth-by-age-how-do-you-measure-up">retirees are spending on</a>, there are some key areas closely tracked by the government and economists. They include housing, transportation, food, health care, entertainment, insurance and apparel. Although these categories don't cover all of your future expenses, knowing how much others spend on them can help you start building your own retirement budget.</p><h2 id="housing-s-declining-burden-2">Housing’s declining burden </h2><p>Unless you paid off your mortgage or have a ridiculously cheap rent control apartment, it's likely that housing accounts for the largest portion of your budget. That is still true in retirement, but what’s new is that it’s a smaller overall portion.</p><p>The average household between the ages of 55 and 64 spent $25,595 on housing in 2023. That compares to $20,370 for those 75 and older, according to the U.S. Bureau of Labor Statistics’ Consumer Expenditures in 2023 <a data-analytics-id="inline-link" href="https://www.bls.gov/opub/reports/consumer-expenditures/2023/?utm_source=chatgpt.com"><u>report</u></a>. People <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/age-in-place-or-move">downsize</a>, relocate to cheaper places or pay off their mortgage when they retire. That makes their housing more affordable.</p><h2 id="healthcare-s-growing-cost-2">Healthcare’s growing cost </h2><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/medicare-basics-things-you-need-to-know">Healthcare </a>is another area of retirement that is impacted by age. But unlike housing, it tends to increase the older we get. How much? People between the ages of 55 and 64 spent $7,164 on healthcare in 2023. It was $8,145 for those 75 and older, according to the BLS.</p><p>It shouldn’t come as a surprise. As people get older, they tend to require more healthcare and suffer from more chronic diseases that require prescription medicine.</p><p>The need for long-term care and caregiving also drives up the costs of healthcare. Fidelity Investments estimates that a 65-year-old retiring in 2025 <a data-analytics-id="inline-link" href="https://newsroom.fidelity.com/pressreleases/fidelity-investments--releases-2025-retiree-health-care-cost-estimate--a-timely-reminder-for-all-gen/s/3c62e988-12e2-4dc8-afb4-f44b06c6d52e" target="_blank"><u>will spend $172,500</u></a> in healthcare over his or her lifetime. That includes <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/retirement/t039-c001-s003-hsas-can-reimburse-you-for-medicare-premiums-paid.html">Medicare </a>and excludes any stays in a <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> facility.</p><h2 id="transportation-costs-decline-it-depends-2">Transportation costs decline….it depends </h2><p>Whether your transportation costs will decline in retirement depends on your lifestyle. If your hobby is collecting antique <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/new-car-in-retirement-why-gms-latest-news-matters">cars</a>, taking long <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/happy-retirement/unforgettable-road-trips-to-take-in-retirement">road trips</a>, or buying an <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/15-reasons-youll-regret-an-rv-in-retirement">RV</a> and seeing the country, then your transportation costs will likely increase. But if you no longer commute and don’t plan to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/travel/travel-in-retirement-what-to-know">travel a lot in retirement</a>, transportation costs should go down.</p><p>Either way, one thing you can take to the bank: the older you get, the less you’ll spend on this category. People in their mid-50s to mid-60s spent $14,443 on transportation in 2023, compared to $10,899 for people in their mid-60s to 70s. People 75 and beyond spent even less, roughly $6,448, according to the Consumer Expenditure Survey data for 2023.</p><h2 id="lifestyle-expenses-2">Lifestyle expenses </h2><p>Lifestyle creep is real in retirement, especially in the go-go days. People are so excited to be retired and rush to catch up on lost time traveling here and there. Before they know it, they burn through more of their savings than anticipated.</p><p>Keeping lifestyle creep in check is important in retirement, especially since it can last decades.</p><p>The good news is that even if you can’t, it's an expenditure that is likely to come down with age. For 2023, people between 55 and 65 spent $10,069 for food, $1,927 for entertainment and $3,899 for apparel. Once they hit their late 60s and early 70s, those expenditures decreased to $8,566, $1,520 and $3,447, respectively. By 75 and beyond, spending on all three categories declined.</p><h2 id="use-average-spending-figures-as-a-guidepost-2">Use average spending figures as a guidepost </h2><p>Everyone’s situation is unique, but to give you a sense of how much people across the country are paying annually for key categories in retirement based on age, we’ve put together the table below based on the BLS data from 2023.</p><div ><table><caption>Retirement Spending Based On Age </caption><thead><tr><th class="firstcol " ><p>Category </p></th><th ><p>55-64</p></th><th ><p>65-74</p></th><th ><p>75+</p></th></tr></thead><tbody><tr><td class="firstcol " ><p>Food</p></td><td ><p>$10,069</p></td><td ><p>$8,566</p></td><td ><p>$6,508</p></td></tr><tr><td class="firstcol " ><p>Housing</p></td><td ><p>$25,595</p></td><td ><p>$22,216</p></td><td ><p>$20,370</p></td></tr><tr><td class="firstcol " ><p>Apparel & Services</p></td><td ><p>$1,927</p></td><td ><p>$1,520</p></td><td ><p>$958</p></td></tr><tr><td class="firstcol " ><p>Transportation</p></td><td ><p>$14,443</p></td><td ><p>$10,899</p></td><td ><p>$6,448</p></td></tr><tr><td class="firstcol " ><p>Health care</p></td><td ><p>$7,164</p></td><td ><p>$7,942</p></td><td ><p>$8,145</p></td></tr><tr><td class="firstcol " ><p>Entertainment</p></td><td ><p>$3,899</p></td><td ><p>$3,447</p></td><td ><p>$2,131</p></td></tr><tr><td class="firstcol " ><p>Personal Insurance & Pensions</p></td><td ><p>$11,131</p></td><td ><p>$4,286</p></td><td ><p>$1,879</p></td></tr></tbody></table></div><h2 id="a-guide-not-a-rule-2">A guide not a rule </h2><p>Planning for retirement can seem like a daunting endeavor. There are a lot of moving parts — your budget being one of them. Having an idea of what other people are spending based on their age can be a starting point, but how much you’ll need will depend on your unique situation.</p><p>The good news is that at least you know that in most categories, the older you get, the less you’ll spend.</p><h3 class="article-body__section" id="section-related-content"><span>Related content </span></h3><ul><li><a href="https://www.kiplinger.com/retirement/retirement-planning/retirement-savings-on-track-how-much-should-you-have-between-61-and-65">Retirement Savings On Track? How Much You Should Have By 60 and 65</a></li><li><a href="https://www.kiplinger.com/retirement/average-net-worth-by-age-how-do-you-measure-up">Average Net Worth by Age: How Do You Measure Up?</a></li><li><a href="https://www.kiplinger.com/retirement/happy-retirement/want-to-retire-at-65-see-if-you-can-answer-these-five-questions">Want To Retire at 65? See if You Can Answer These Five Questions</a></li><li><a href="https://www.kiplinger.com/retirement/happy-retirement/guilt-free-ways-to-spend-your-retirement-cash">Seven Guilt-Free Ways to Spend Your Retirement Cash</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/retirement/happy-retirement/average-spending-by-age-for-those-55-and-up</link>
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<![CDATA[ Everybody has their own number for how much they’ll spend in retirement. See if your's is in line with the averages. ]]>
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<pubDate>Thu, 18 Sep 2025 15:30:00 +0000</pubDate> <category><![CDATA[Happy Retirement]]></category>
<category><![CDATA[Spending]]></category>
<category><![CDATA[Retirement]]></category>
<category><![CDATA[Personal Finance]]></category>
<author><![CDATA[ donna.fuscaldo@futurenet.com (Donna Fuscaldo) ]]></author> <dc:creator><![CDATA[ Donna Fuscaldo ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/k39p2pLqYbqLux6i9atK38-1280-80.jpg">
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<title><![CDATA[ IRS Paper Checks Deadline: What Happens After September 30? ]]></title>
<dc:content><![CDATA[ <p>What do increased fraud, significant costs, and operational inefficiencies all have in common? Paper checks. Or, at least, those were the reasons cited when President Trump issued an <a data-analytics-id="inline-link" href="https://www.whitehouse.gov/presidential-actions/2025/03/modernizing-payments-to-and-from-americas-bank-account/" target="_blank"><u>executive order</u></a> earlier this year that mandated the federal government cease paper check payments.</p><p>The IRS, Social Security Administration (<a data-analytics-id="inline-link" href="https://www.ssa.gov/" target="_blank"><u>SSA</u></a>), U.S. Department of Veterans Affairs, and other federal government agencies are phasing out physical checks by September 30. But where does that leave you?</p><p>We’ll cover the ins and outs of what to know before the date approaches — so you can be prepared if you’re still receiving paper checks for tax refunds, Social Security benefits, or other payments from the government.</p><h3 class="article-body__section" id="section-irs-deadline-september-30"><span>IRS Deadline September 30</span></h3><ul><li>Generally, after September 30, 2025, the Treasury Department has said that all federal agencies will cease sending and receiving paper checks as a form of payment.</li><li>However, there are ways to pay the IRS without a check and to get a tax refund without a bank account.</li><li>Plus, some individuals may be granted an exception to this rule through a <a href="https://godirect.gov/gpw/resources/docs/FS_Form_1201W.pdf" target="_blank"><u>waiver</u></a>, particularly for those who receive Social Security benefits.</li></ul><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_hEB3ir3W_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="hEB3ir3W"> <div id="botr_hEB3ir3W_a7GJFMMh_div"></div> </div> </div></div><h3 class="article-body__section" id="section-faqs"><span>FAQs</span></h3><h2 id="are-paper-checks-going-away-2">Are paper checks going away? </h2><p>In general, all federal agencies will stop sending and receiving paper checks after the September 30 deadline. This includes:</p><ul><li>The Internal Revenue Service (<a href="https://www.irs.gov/" target="_blank"><u>IRS</u></a>).</li><li>Social Security Administration (SSA).</li><li>Department of Veterans Affairs (<a href="https://www.va.gov/" target="_blank"><u>VA</u></a>).</li><li>U.S. Department of the Treasury.</li><li>U.S. Department of Labor (<a href="https://www.dol.gov/" target="_blank"><u>DOL</u></a>).</li><li>Railroad Retirement Board.</li><li>Federal Motor Carrier Safety Administration (<a href="https://www.fmcsa.dot.gov/" target="_blank"><u>FMCSA</u></a>).</li></ul><p>Other federal government agencies that issue benefits will also cease sending and receiving physical check payments. That includes, for example, the Defense Finance and Accounting Service, the Bureau of Alcohol, Tobacco, and Firearms (TTB), and the Office of Personnel Management (<a data-analytics-id="inline-link" href="https://www.opm.gov/" target="_blank"><u>Civil Service</u></a>).</p><p><strong>Why the shift to electronic payments?</strong></p><p>According to the <a data-analytics-id="inline-link" href="https://paymentintegrity.treasury.gov/paymentintegrity/custom/fraud-detection/" target="_blank"><u>Bureau of Fiscal Service</u></a>, check fraud has increased nationwide by 385% since the beginning of the COVID-19 pandemic. This fraud has impacted IRS and Social Security payments.</p><ul><li>Additionally, issuing paper checks is relatively expensive, costing the federal government about 50 cents per payment compared to an electronic funds transfer (EFT), which may cost less than 15 cents per check.</li><li>Physical checks are also 16 times more likely to get “lost, stolen, altered, or delayed,” making printed payment methods <a href="https://fiscal.treasury.gov/news/paper-checks-going-away.html#:~:text=Need%20to%20Know-,Paper%20Checks%20Are%20Going%20Away%20%E2%80%93%20Here's%20What%20You%20Need%20to,%2Dagencies/?language=en." target="_blank"><u>more inefficient</u></a> than digital payments.</li></ul><h2 id="can-i-still-pay-my-taxes-with-a-check-2">Can I still pay my taxes with a check?</h2><p>Under the new rule, payments made to the federal government — including taxes and fees — generally must be made electronically. You cannot pay via check after September 30 <em>(unless you qualify for a waiver — more on that later). </em></p><p>Instead, you can use the Electronic Federal Tax Payment System (<a data-analytics-id="inline-link" href="https://www.irs.gov/payments/eftps-the-electronic-federal-tax-payment-system" target="_blank"><u>EFTPS</u></a>) to pay your <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/tax-brackets/602222/income-tax-brackets"><u>federal taxes</u></a>. Alternatively, you may pay your federal tax bill via <a data-analytics-id="inline-link" href="https://www.irs.gov/payments/direct-pay-with-bank-account" target="_blank"><u>IRS Direct Pay</u></a>, through your online IRS account, or by way of debit card, credit card, or digital wallet.</p><p>For more information, check out Kiplinger’s report <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/how-to-pay-the-irs-if-you-owe-taxes"><u>How to Pay the IRS if You Owe Taxes</u></a>.</p><p><em>Note: No action is required if you currently make or receive payments electronically during this transition.</em></p><h2 id="how-will-i-get-my-irs-tax-refund-2">How will I get my IRS tax refund?</h2><p>If you typically receive a paper check for your federal tax refund, you will need to set up a digital payment method:</p><ul><li>Direct Deposit into your bank account.</li><li>Mobile payment app (like <a href="https://www.paypal.com/us/cshelp/article/how-do-i-receive-my-tax-refund-with-paypal-help537" target="_blank"><u>PayPal</u></a>).</li><li>Directly into a reloadable prepaid debit card.</li></ul><p>However, while some of these methods may be acceptable to the IRS, your state tax agency may have different rules and requirements for digital payments (or may still accept print checks).</p><p>Be sure to check your state’s Department of Revenue website to see what methods of payment are acceptable.</p><p>Related: <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/ways-trumps-tax-bill-could-boost-or-shrink-your-refund"><u>Five Ways Trump’s 2025 Tax Bill Could Boost Your Tax Refund (or Shrink It)</u></a></p><h2 id="will-social-security-benefits-go-away-2">Will Social Security benefits go away? </h2><p>While printed Social Security checks are going away, Social Security benefits aren’t impacted. Social Security beneficiaries should set up<strong> one </strong>of the following payment options to ensure their checks are not interrupted after September 30, per the SSA:</p><ul><li><strong>Direct deposit.</strong> Sign up to have funds transferred directly into your bank account. If you don’t have a bank account, the Treasury recommends opening one by visiting the <a href="https://fdic.gov/getbanked" target="_blank"><u>FDIC</u></a> website or <a href="http://mycreditunion.gov" target="_blank"><u>MyCreditUnion.gov</u></a>.</li><li><strong>Direct Express card.</strong> Use a prepaid debit card designed for federal benefit recipients.</li></ul><p>You may enroll online for digital payments from several federal agencies (like Social Security, Veterans Affairs, SSI, etc.) at <a data-analytics-id="inline-link" href="http://godirect.gov" target="_blank"><u>GoDirect.gov</u></a> or by calling Go Direct at 1-877-874-6347.</p><ul><li>But if you need assistance setting up your online payment method, you can also contact the SSA at 1-800-772-1213.</li><li>Similarly, federal tax refund assistance may be reached via the IRS at 1-800-829-1040.</li></ul><p>For all other federal agencies, visit the applicable website for potential ways to receive assistance setting up your digital payment.</p><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:2308px;"><p class="vanilla-image-block" style="padding-top:56.24%;"><img id="XBMNpWXyMLCD9rYe9QpGxb" name="GettyImages-2161413215" alt="social security card with reading glasses on top of U.S. paper money and tax forms" src="https://cdn.mos.cms.futurecdn.net/XBMNpWXyMLCD9rYe9QpGxb.jpg" mos="" align="middle" fullscreen="" width="2308" height="1298" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="caption-text">Tax refunds, Social Security benefits, and other paper checks issued from federal agencies will be impacted by the switch to paperless after September 30, 2025. </span><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><h2 id="will-my-medicare-premiums-be-affected-2">Will my Medicare premiums be affected?</h2><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/what-you-will-pay-for-medicare-in-2025"><u>Medicare premiums</u></a> can be affected by the September 30 deadline if you currently pay your premiums by direct deduction from a paper Social Security check.</p><p>If you receive physical Social Security checks, it’s important to switch to an electronic payment method by the deadline to avoid delays or interruptions in your health coverage.</p><p>Otherwise, if you already pay your premiums directly to Medicare (for Part A and/or B) or to a private plan provider (Part C and D), then no action is required. The same goes if you already have payments set up electronically.</p><h2 id="what-if-i-don-t-have-a-bank-account-2">What if I don't have a bank account?</h2><p>You may use a <a data-analytics-id="inline-link" href="https://www.usdirectexpress.com/" target="_blank"><u>Direct Express Prepaid Debit Card</u></a> to receive digital payments from the SSA or the IRS if you don’t have a bank account, according to the U.S. Treasury.</p><p>The prepaid card functions similarly to a traditional debit card and has no enrollment fees, minimum balance requirements, or credit checks for preapproval to get the card.</p><p>Alternatively, there may be <strong>limited exceptions</strong> for people who do not have bank accounts that need to receive Social Security benefits or an IRS tax refund via a physical check, per Trump via the executive order:</p><ul><li>Individuals without access to digital banking services (or other electronic payment systems).</li><li>Emergency payments (those that could cause an undue hardship, like a <a href="https://www.fema.gov/" target="_blank"><u>FEMA</u></a> disaster relief payment).</li><li>National security matters.</li></ul><p>These “rare circumstances” may also apply to beneficiaries of other federal agency checks, like recipients of the Veterans Affairs and the Civil Service.</p><h2 id="what-are-the-september-30-waiver-requirements-2">What are the September 30 waiver requirements? </h2><p>After September 30, you may be granted a waiver to continue receiving federal benefit payments by physical check. However, waivers are by application only and are issued at the discretion of the <a data-analytics-id="inline-link" href="https://home.treasury.gov/" target="_blank"><u>Treasury Electronic Payment Solution Center</u></a>.</p><p>Here are the general waiver requirements (you must meet <strong>one</strong>):</p><ul><li><strong>Mental impairment. </strong>You have a documented mental disability that makes it difficult to manage electronic payments.</li><li><strong>Remote location. </strong>You’re living in a remote area that cannot support electronic banking.</li></ul><p>Additionally, <a data-analytics-id="inline-link" href="https://godirect.gov/gpw/faq/"><u>Go Direct</u></a> (a program to help you set up digital payments for several federal benefits) states that print check recipients who are 90 years or older may be eligible for a waiver.</p><p>But these criteria generally apply to federal beneficiaries. If you need a waiver to make a payment to a federal agency, like the IRS, reach out to that department directly for a potential exception.</p><h2 id="where-s-the-september-30-waiver-form-for-social-security-benefits-2">Where’s the September 30 waiver form for Social Security benefits?</h2><p>If you wish to continue receiving Social Security checks after the September 30 deadline, you might be eligible for a waiver. Here are the steps to apply:</p><ul><li>Call the U.S. Treasury's Electronic Payment Solution Waiver Line at 1-855-290-1545.</li><li>Request an application over the phone.</li><li>Alternatively, you can print and fill out <a href="https://www.ssa.gov/deposit/FMS_Form_1201W_June_20131.pdf" target="_blank"><u>FMS Form 1201W</u></a> to request a waiver to receive printed Social Security checks. Still, you must meet the strict eligibility requirements mentioned above.</li></ul><h2 id="what-are-the-latest-scams-to-look-out-for-today-2">What are the latest scams to look out for today? </h2><p>Unfortunately, government officials are already issuing warnings about the high likelihood of scams emerging during the transition from paper to paperless checks.</p><p>To help protect yourself and your loved ones from potential scammers, remember these tips:</p><ul><li>No federal agency will contact you asking for your login or banking information. This includes via email, phone, or text message.</li><li>Only update your payment information through official government sites like <a href="http://ssa.gov" target="_blank"><u>SSA.gov</u></a> or <a href="http://irs.gov" target="_blank"><u>IRS.gov</u></a>.</li><li>If in doubt, talk to a trusted friend, family member, or neighbor about any seemingly “urgent” messages coming from a federal agency.</li></ul><p>Related: <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/ai-tax-scams-target-middle-and-older-adults"><u>AI Tax Scams Target Middle and Older Adults: What to Know</u></a></p><h3 class="article-body__section" id="section-read-more"><span>Read More</span></h3><ul><li><a href="https://www.kiplinger.com/taxes/irs-tax-refund-calendar">IRS Income Tax Refund Schedule for 2025</a></li><li><a href="https://www.kiplinger.com/taxes/new-bill-would-end-taxes-on-social-security-benefits-next-year">New Bill Would End Taxes on Social Security Benefits</a></li><li><a href="https://www.kiplinger.com/taxes/irs-budget-cuts-and-staff-shake-ups-threaten-taxpayer-services">IRS in Turmoil: Budget Cuts and Staff Shake-Ups Threaten Taxpayer Services</a></li><li><a href="https://www.kiplinger.com/taxes/social-security-old-tax-rules-cost-retirees">Old Tax Rules for Social Security Are Costing Retirees Money</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/taxes/irs-paper-checks-deadline-what-happens-after-september-30</link>
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<![CDATA[ Avoid delays when IRS tax refunds and Social Security paper checks are cut off. Here’s what to know. ]]>
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<pubDate>Thu, 18 Sep 2025 14:17:00 +0000</pubDate> <category><![CDATA[Taxes]]></category>
<category><![CDATA[Tax Law]]></category>
<category><![CDATA[Social Security]]></category>
<category><![CDATA[Retirement]]></category>
<dc:creator><![CDATA[ Kate Schubel ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/foS48fwT3xofVR8LYQ34MC-1280-80.jpg">
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<title><![CDATA[ New IRS Start Date for Mandatory Roth Catch-Up Contributions ]]></title>
<dc:content><![CDATA[ <p>If you’re among the roughly 70% of workers in the United States who contribute to a 401(k) or similar workplace retirement plan, some important upcoming changes could affect how you make extra retirement contributions known as “catch-ups.”</p><p>These catch-up contributions let workers over 50 save beyond regular annual limits, helping boost retirement savings as they near retirement age.</p><p>New IRS rules tied to the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/bipartisan-retirement-savings-package-in-massive-budget-bill">SECURE 2.0 Act,</a> passed a few years ago, now require certain higher earners to make those catch-up contributions exclusively on a Roth basis. That means contributions are made with after-tax dollars instead of pre-tax, but with tax-free withdrawals in retirement.</p><p>Initially, that change was slated to start with <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/the-problem-with-401k-catch-up-contributions">contributions made in 2024</a>. But the IRS has finalized regulations giving employers and taxpayers more time to adjust. Here’s more of what you need to know.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_hEB3ir3W_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="hEB3ir3W"> <div id="botr_hEB3ir3W_a7GJFMMh_div"></div> </div> </div></div><h2 id="roth-catch-up-contributions-secure-2-0-2">Roth catch-up contributions SECURE 2.0</h2><p>Under SECURE 2.0, if you are at least 50 years old and earned $145,000 or more in the previous year, you can make catch-up contributions to your employer-sponsored <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/401ks/401k-plans-what-you-need-to-know-now">401(k) account</a>.</p><ul><li>But there’s a new rule catch. You will eventually have to make those extra <a href="https://www.kiplinger.com/taxes/roth-401k-changes-what-you-should-know">contributions on a Roth basis</a>, using after-tax money.</li><li>You wouldn’t be able to get tax deductions on those catch-up contributions as you would with typical 401(k) contributions.</li><li>But you could withdraw the money tax-free when you retire.</li></ul><p><em>Note: The SECURE 2.0 Roth catch-up contribution rule won’t apply to taxpayers making $144,999 or less in a tax year.</em></p><p>The <a data-analytics-id="inline-link" href="https://www.federalregister.gov/documents/2025/09/16/2025-17865/catch-up-contributions" target="_blank">final regulations</a> state that the Roth catch-up rule will generally take effect for contributions made in tax years beginning after December 31, 2026. So the rule will kick in starting with 2027 contributions. <em>(Certain governmental plans and plans maintained under a collective bargaining agreement may get more time to adjust.)</em></p><p>So, for example, using the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/401-k-and-ira-contribution-limit-changes">2025 contribution limits</a> as a reference (since 2027 limits aren’t available), you can contribute up to $23,000 to your 401(k) plus an additional $7,500 catch-up contribution if you're 50 or older, totaling $30,500.</p><ul><li>Under the new rule, the $23,000 regular contributions would still be made pre-tax, but the $7,500 catch-up amount must be made in a Roth account.</li><li>So, you would pay taxes upfront on the catch-up amount, but withdrawals of that money in retirement would be tax-free.</li></ul><p><em>*Remember, this is a simplified example, and the $23,000 and $7,500 figures are 2025 limits used for that purpose. Those amounts may increase by 2027 due to </em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/604977/inflation-and-taxes"><em>inflation adjustments.</em> </a></p><p>Until the start of 2027, the <a data-analytics-id="inline-link" href="https://www.irs.gov/newsroom/treasury-irs-issue-final-regulations-on-new-roth-catch-up-rule-other-secure-2point0-act-provisions" target="_blank">IRS states</a> that employers and retirement plans can continue operating under existing rules or opt to implement the Roth requirement early.</p><h2 id="more-clarification-on-roth-catch-up-contributions-2">More clarification on Roth catch-up contributions</h2><p>The IRS final rules also clarify other questions, like how employers determine if an employee’s income exceeds the $145,000 threshold.</p><ul><li>Employers that are part of a controlled or affiliated service group can combine wages from related companies to make this calculation, which helps avoid confusion for workers with multiple related employers.</li><li>Additionally, if a catch-up contribution is mistakenly made as a pre-tax contribution instead of a Roth, the final rules explain that plans have until the end of the following plan year to correct it.</li></ul><p>The IRS notes that the grace period is designed to reduce administrative burdens and give participants and employers more time to correct errors.</p><p>As Kiplinger had reported, over 200 entities, made up of Fortune 500 companies, firms, and public employers, including the <a data-analytics-id="inline-link" href="https://www.usaretirement.org/" target="_blank">American Retirement Association</a>, Chipotle Mexican Grill, Fidelity Investments, <a data-analytics-id="inline-link" href="https://www.schwab.com/" target="_blank">Charles Schwab</a>, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/tag/microsoft" target="_blank">Microsoft Corporation</a>, and <a data-analytics-id="inline-link" href="https://www.delta.com/" target="_blank">Delta Airlines</a>, had initially <a data-analytics-id="inline-link" href="https://www.americanbenefitscouncil.org/pub/?id=14cdd986-ff5e-e1d4-f197-8e6122c0a4f2" target="_blank">asked Congress</a> for a two-year delay to the Roth catch-up rule.</p><p>Now, employers and plan sponsors will likely prepare for the change by updating their systems and providing education to help participants understand the new rules.</p><h2 id="what-the-irs-final-catch-up-regulations-mean-for-you-2">What the IRS final catch-up regulations mean for you</h2><p>If you’re an employee age 50 and older, you can continue making catch-up contributions to your retirement accounts for now. However, starting in the 2027 contribution year, high earners will only be allowed to make Roth-only catch-up contributions.</p><p>In addition, the IRS confirmed the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/super-catch-up-contribution-for-age-60-63">“super catch-up” </a>provision under the SECURE 2.0 Act, effective beginning with the current 2025 tax year.</p><p>As Kiplinger has reported, workers age 60 to 63 can contribute significantly more above the standard catch-up limits — up to $11,250 in 2025.</p><p><em>For more information, see: </em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/super-catch-up-contribution-for-age-60-63"><em>New SECURE 2.0 Super 401(k) Contribution Catch-Ups</em>.</a></p><p>And as always, consult a tax or financial professional to determine how these and other tax changes might impact your retirement savings strategy.</p><h3 class="article-body__section" id="section-read-more"><span>Read More</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/bipartisan-retirement-savings-package-in-massive-budget-bill">SECURE 2.0 Act Summary</a></li><li><a href="https://www.kiplinger.com/taxes/roth-401k-changes-what-you-should-know">Roth 401(k) Changes: What You Should Know for 2025</a></li><li><a href="https://www.kiplinger.com/taxes/401-k-and-ira-contribution-limit-changes">Current 401(k) and IRA Contribution Limits</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/taxes/irs-start-date-for-mandatory-roth-catch-up-contributions</link>
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<![CDATA[ The IRS has clarified some questions surrounding new catch-up contribution rules for retirement savings plans. ]]>
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<pubDate>Thu, 18 Sep 2025 13:47:00 +0000</pubDate> <category><![CDATA[Taxes]]></category>
<category><![CDATA[Retirement Plans]]></category>
<category><![CDATA[Retirement]]></category>
<dc:creator><![CDATA[ Kelley R. Taylor ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/W3VZh8Y3dojhEAMV8scvZ4-1280-80.jpg">
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<title><![CDATA[ I’m Not Worried About Saving for Retirement; I’ll Just Work Forever. What Can Go Wrong? ]]></title>
<dc:content><![CDATA[ <p><strong>Question:</strong> I'm not worried about saving for retirement. I'm planning just to work forever. What can go wrong?</p><p><strong>Answer:</strong> Saving early and often is the recipe for success in <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-plans/checklist-for-retirement-planning">retirement</a>. After all, the longer you invest, the more time your money has to grow before your paychecks stop.</p><p>But what if you plan to work forever and the paychecks never stop? Does that mean you can blow off or pull back <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/600895/retirement-savings-calculator">saving for a retirement</a> you don’t intend to have?</p><p>In a perfect world, where things go as planned, yes. In reality, no.</p><p>“You can’t always choose when you retire,” says <a data-analytics-id="inline-link" href="https://am.jpmorgan.com/us/en/asset-management/adv/bios/michael-conrath/" target="_blank">Michael Conrath,</a> Chief Retirement Strategist at J.P. Morgan Asset Management. “You need to plan for the fact that not everything goes according to plan.”</p><p>There are benefits to working as long as possible. If you work until you're 70, you receive a 30% increase in your <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/601708/social-security-basics-12-things-you-must-know-about-claiming-and">Social Security</a> benefits. Plus, working until that age means less time drawing from your savings and more time for your savings to grow.</p><p>But thinking you'll never retire can’t be an excuse to put off saving, even if you already have a nest egg. Many things can go wrong with that. Read on to learn what.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><h2 id="forces-out-of-your-control-can-derail-your-plans-2">Forces out of your control can derail your plans </h2><p>Even if you love <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/602951/great-jobs-for-retirees">your job</a> and are really good at it, there’s no guarantee you will keep it forever, let alone until you're 70. “Only 28% of <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/600895/retirement-savings-calculator">retirees</a> say that they hit their target retirement date. On average, they retired three years earlier than expected,” says Conrath.</p><p>There are several factors out of your control that can derail that "work forever" approach, including these:</p><p><strong>You get laid off.</strong> Layoffs and downsizing are part of life, and you could end up on the receiving end of one of those actions. Depending on the job market and your age, it may be difficult to find a comparable salary or even a new job.</p><p><strong>You hate your job. </strong>You may have the best job in the world, but that can quickly change if a new boss comes in, your co-workers change, or the company is under new management. Suddenly, the job you loved coming to work at every day becomes the place you dread the most.</p><p>“Your work dynamics can shift over time. You might not be working with — or for — the same people in the future. And a change in the organization could affect your happiness,” says Conrath.</p><p><strong>You or a family member gets sick.</strong> Your health may prevent you from performing your job, forcing you to retire. This can happen unexpectedly or gradually over time.</p><p>It may not be you who gets sick either. An elderly parent, spouse or loved one may suffer from an illness, derailing your 'work forever' plans. JP Morgan found that close to one-third of people retire earlier than planned because of a health issue or disability.</p><p>“People don’t get to choose how long they work due to illness, caregiving, any number of things,” says <a data-analytics-id="inline-link" href="https://www.blackrock.com/us/individual/biographies/nick-nefouse" target="_blank"><u>Nick Nefouse</u></a>, global head of retirement solutions and head of LifePath at BlackRock. “Having savings is important. It gives you more control.”</p><p><strong>You become obsolete. </strong>From telemarketing to data entry, many jobs have become obsolete over the years. You run the risk of that happening the longer you are employed in a field. To remain relevant usually requires continuing education, which means time and commitment.</p><p>“Will you keep up with pursuing opportunities to expand or refine your skillset? If you’re in a physically demanding job, will you be able to continue to do that in your 80s or 90s?” says Conrath. “You need to take an honest look at your role and how the requirements could shift in the future.”</p><h2 id="do-this-instead-2">Do this instead </h2><p>Working forever may not be a realistic plan, but a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/phased-retirement-easing-into-retirement-might-be-your-best-move">phased retirement</a> is. This happens when you slowly reduce the hours you work, or shift into part-time work instead of retiring completely. You bring in a paycheck, stay busy, but still have time to enjoy your retirement. During it all, you focus on saving for when you no longer want or can work at all.</p><p>“Plan for the window, not the day of retirement,” says Nefouse. “You don’t need a specific date. We retire when we physically can't work or don’t want to work, but you have to plan for those remaining years.”</p><h3 class="article-body__section" id="section-related-content"><span>Related content </span></h3><ul><li><a href="https://www.kiplinger.com/retirement/retirement-planning/the-me-first-rule-of-retirement-spending">The 'Me-First' Rule of Retirement Spending</a></li><li><a href="https://www.kiplinger.com/retirement/im-53-make-usd500-000-a-year-and-live-paycheck-to-paycheck-we-only-have-usd200-000-saved-for-retirement">I’m 53, Make $500,000 a Year and Live Paycheck to Paycheck. I Want to Retire At 65, But We Only Have $200,000 Saved.</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/my-great-retirement-dream-can-i-do-it">My Great Retirement Dream: Sell My House, Downsize, Live off the Proceeds and Dabble in Stocks. Here's How I’m Doing So Far.</a></li><li><a href="https://www.kiplinger.com/retirement/wealth-building-moves-you-can-make-in-retirement">Five Wealth-Building Moves You Can Make in Retirement</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/retirement/retirement-plans/im-not-worried-about-saving-for-retirement-ill-just-work-forever</link>
<description>
<![CDATA[ Here's why that approach to saving for retirement doesn't always work out. ]]>
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<pubDate>Thu, 18 Sep 2025 13:34:11 +0000</pubDate> <category><![CDATA[Retirement Plans]]></category>
<category><![CDATA[work life balance]]></category>
<category><![CDATA[Retirement]]></category>
<category><![CDATA[Personal Finance]]></category>
<category><![CDATA[Careers]]></category>
<author><![CDATA[ donna.fuscaldo@futurenet.com (Donna Fuscaldo) ]]></author> <dc:creator><![CDATA[ Donna Fuscaldo ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/sV7Bbad9FbJ8DPwcf9cMze-1280-80.jpg">
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<title><![CDATA[ Your State Wants to Help You Save for Retirement. Here's How ]]></title>
<dc:content><![CDATA[ <p>Saving for retirement is essential, but it can feel overwhelming; even some higher earners may fall short. The reality is that those with a workplace <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/401ks/the-average-401k-balance-by-age">401(k)</a> have a significant advantage in saving. The <a data-analytics-id="inline-link" href="https://www.pew.org/en/research-and-analysis/reports/2025/09/federal-savers-match-coming-in-2027-could-boost-automated-retirement-savings-programs" target="_blank"><u>57 million employees without a workplace plan</u></a> not only miss out on employer matching contributions but also lack an easy account to invest in, where contributions are made by default from paychecks.</p><p>Those who have had no workplace plans for most of their working life are typically hit the hardest and struggle the most with retirement security. However, losing access to a 401(k) even for a short time late in life can have a significant impact during prime saving years.</p><p>This is an issue many older workers face if they are <a data-analytics-id="inline-link" href="https://www.propublica.org/article/older-workers-united-states-pushed-out-of-work-forced-retirement" target="_blank"><u>forced out of a secure job too soon,</u></a> often working part-time or in jobs that offer few benefits and earnings far below their peak.</p><p>Whether you're a young worker who doesn't have the kind of job that comes with a 401(k) or an older worker struggling to keep up with savings goals, there's some good news on the horizon. A growing number of states are offering a viable 401(k) alternative, which will come with some additional benefits starting in 2027.</p><h2 id="this-solution-can-help-if-you-don-t-have-a-401-k-at-work-2">This solution can help if you don't have a 401(k) at work</h2><p>States are often left to pick up the slack when there's a retirement savings gap, as individuals with too little invested turn to social assistance programs. In an effort to increase retirement savings and reduce reliance on government benefits, <a data-analytics-id="inline-link" href="https://cri.georgetown.edu/states/" target="_blank">17 states now offer some type of automated individual retirement accounts (auto-IRAs)</a>.</p><p>While there's some variation, auto-IRAs generally enroll employees automatically in individual retirement accounts managed by state-approved financial services firms, and automated contributions are collected through payroll deductions.</p><p>This happens in much the same way many workplace plans auto-enroll new staff members in 401(k)s, and transfer funds automatically into the company's 401(k) plan before paychecks are issued.</p><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/auto-iras-a-smart-boost-to-your-retirement-strategy">Auto-IRAs</a> do allow workers to opt out or change their contribution rates, and employers don't make additional <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/average-401-k-match-do-you-work-for-a-generous-company">matching contributions</a> as they typically do with 401(k)s. Still, the fact that auto-IRAs make enrollment the default significantly increases the chances of people contributing — and thus improving their retirement readiness.</p><p>Participating states are indicated in dark red below. If your state is a different color, you can read more about its efforts to start an auto-IRA or similar program in a summary developed by the <a data-analytics-id="inline-link" href="https://cri.georgetown.edu/states/" target="_blank">Georgetown University Center for Retirement Initiatives</a>. South Dakota is the only state not involved in this type of program. If you live in California, you can take advantage of the new "CalSavvy" chat function to help you navigate the <a data-analytics-id="inline-link" href="https://www.calsavers.com/" target="_blank">CalSavers</a> program.</p><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:1009px;"><p class="vanilla-image-block" style="padding-top:100.00%;"><img id="3KJRc5rcPdYLtu2rMVeU64" name="Georgetown U Center for REtirement Initiatives Auto IRA State Map June 2025" alt="A U.S. map showing which states have auto-IRA programs or related programs for retirement saving." src="https://cdn.mos.cms.futurecdn.net/3KJRc5rcPdYLtu2rMVeU64.jpg" mos="" align="middle" fullscreen="" width="1009" height="1009" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Georgetown University, Georgetown Center for Retirement Initiatives, June 2025.)</span></figcaption></figure><h2 id="a-federal-program-may-sweeten-the-pot-saver-s-match-2">A federal program may sweeten the pot: Saver's Match</h2><p>As most state programs lack matching contributions, there's less incentive for worker participation, and workers get less support in saving.</p><p>That may change in 2027, as a new federal incentive called the Saver’s Match is scheduled to take effect under <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/bipartisan-retirement-savings-package-in-massive-budget-bill#section-2027-savers-match">SECURE 2.0</a>. If it does, the federal government will match up to 50% of contributions to an eligible worker's IRA or workplace plan, up to a maximum of $1,000 for individuals and $2,000 for couples filing jointly.</p><p>The matching funds would be available only to individuals earning $35,000 or less, or couples with an income of $71,000 or less. Contributions begin to phase out once income reaches $20,500 for singles or $41,000 for joint filers.</p><p>"Saver’s Match could enhance the retirement savings of millions of low- and moderate-income households," <a data-analytics-id="inline-link" href="https://www.pew.org/en/research-and-analysis/reports/2025/09/federal-savers-match-coming-in-2027-could-boost-automated-retirement-savings-programs" target="_blank"><u>Pew</u></a> wrote in a report about the new accounts. This greater opportunity for workers to save for retirement would help them secure their futures, and also ease burdens on state budgets as lawmakers face the demands of an aging population."</p><p>The existence of the match could also prompt people to save more. While 84% of people responding to Pew's survey expressed initial interest in an auto-IRA program even without the matching funds, this number jumped to 94% when people heard about the Saver's Match.</p><p>That said, the fate of the Saver's Match is unknown. It's possible that the Trump administration will decide not to fund the program.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><h2 id="should-you-contribute-to-an-auto-ira-2">Should you contribute to an auto-IRA?</h2><p>If your state offers an auto IRA and you're eligible, contributing to it is a no-brainer.</p><p>Regardless of whether the Saver's Match is implemented and you qualify for it, the reality is that IRA accounts offer numerous benefits, including flexibility in what you invest in.</p><p>If you suspect you may qualify for the Saver's Match, though, it's important to make sure you don't lose out. To do that:</p><ul><li><strong>You'll need to file a federal tax return</strong> to claim your match, so be sure to submit a return even if you otherwise wouldn't</li><li><strong>Adjust your contributions if needed. </strong>If you are working a side hustle or doing part-time work, you may not invest enough by default to earn the full Saver's Match. Try to adjust your contributions up enough so you don't leave this free money on the table if you are eligible</li></ul><p>Whether you are eligible for a Saver's Match, auto-enrolled in an IRA, or auto-enrolled in a 401(k), you'll always want to keep tabs on your retirement funds.</p><p>It's up to you to build a secure retirement, so make sure you have a clear idea of your savings goals and that you are on track to achieve them, so you don't find yourself struggling as a retiree.</p><h3 class="article-body__section" id="section-read-more"><span>Read More</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/retirement-planning/i-got-laid-off-at-52-with-usd620-000-in-savings">I Got Laid Off at 52 With $620,000 in Savings, and I'm Only Being Offered Lower-Paying Jobs</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/boost-your-retirement-savings-in-your-50s-with-these-moves">Boost Your Retirement Savings in Your 50s with These Six Moves</a></li><li><a href="https://www.kiplinger.com/retirement/social-security/how-your-social-security-check-changes-at-ages-62-65-66-67-and-70">How Your Social Security Check Changes at Ages 62, 65, 66, 67 and 70</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/retirement/retirement-planning/your-state-wants-to-help-you-save-for-retirement-heres-how</link>
<description>
<![CDATA[ Maximize your side hustle by saving for retirement through a state auto-IRA. You may even get matching funds from a federal program in 2027. ]]>
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<pubDate>Thu, 18 Sep 2025 10:05:00 +0000</pubDate> <category><![CDATA[Retirement Planning]]></category>
<category><![CDATA[IRAs]]></category>
<category><![CDATA[Retirement]]></category>
<category><![CDATA[Retirement Plans]]></category>
<dc:creator><![CDATA[ Christy Bieber ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/sRp6xpqSxmzJ3uAyNcHxGh-1280-80.jpg">
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<title><![CDATA[ Wages Aren't Keeping Up With Inflation: A Financial Adviser's Tips to Bridge the Gap ]]></title>
<dc:content><![CDATA[ <p>Since the pandemic, inflation has stretched Americans' dollars thin. Inflation has risen nearly 23% since January 2021, according to the Bureau of Labor Statistics.</p><p>Wages, on the other hand, haven't quite kept up, rising by 21.5%.</p><p>While several <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/banking/interest-rates">interest rate adjustments</a> and policies, such as the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/605016/inflation-reduction-act-and-taxes">Inflation Reduction Act</a> or the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/trump-pushes-for-one-bill-with-focus-on-tax-cuts">One Big Beautiful Bill</a>, have been made to help curb inflation, Americans' concerns are growing.</p><p>The <a data-analytics-id="inline-link" href="https://fred.stlouisfed.org/series/MICH" target="_blank">University of Michigan's Consumer Sentiment Survey</a> showed year-ahead inflation expectations among Americans grew to 4.8% in August, up from 4.5% in July.</p><p>The headline <a data-analytics-id="inline-link" href="https://fred.stlouisfed.org/series/UMCSENT" target="_blank">Consumer Sentiment Index</a> came in at 58.2 for the month, down more than 5% from July and more than 14% from a year ago.</p><p><em>Kiplinger's Adviser Intel, formerly known as Building Wealth, is a curated network of trusted financial professionals who share expert insights on wealth building and preservation. Contributors, including fiduciary financial planners, wealth managers, CEOs and attorneys, provide actionable advice about retirement planning, estate planning, tax strategies and more. Experts are invited to contribute and do not pay to be included, so you can trust their advice is honest and valuable.</em></p><p>As Americans continue to grapple with prices that are rising faster than wages and dwindling confidence in the economy, it's crucial to have a plan in place to help bridge the gap and build <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/financial-stability-start-with-small-steps">long-term financial stability</a>.</p><h2 id="it-all-starts-with-a-budget-2">It all starts with a budget</h2><p>You've likely heard the importance of <a data-analytics-id="inline-link" href="https://www.kiplinger.com/kiplinger-advisor-collective/contingency-planning-for-your-personal-budget-how-to-do-it-right">having a budget</a>. However, very few people actually know where every dollar goes. Once you know where your money is going, you can determine the best use for each dollar.</p><p>Start by listing essential expenses, such as groceries, rent/mortgage payments and debt. Then, identify and trim back unnecessary spending, such as dining out and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/leisure/paying-high-prices-for-streaming">subscription services</a>.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_7xws2pdR_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="7xws2pdR"> <div id="botr_7xws2pdR_a7GJFMMh_div"></div> </div> </div></div><p>Your budget can also be used to achieve <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-savings-on-track-how-much-you-should-have-by-55-and-60">savings goals</a> and debt repayment, even during periods of inflation. Carving out money for emergency savings or high-interest debt payments will help ensure you're saving or paying off debt at a rate you can actually afford.</p><p>This will help you feel more in control during a time when it feels like so much is out of your control.</p><h2 id="look-to-boost-your-income-2">Look to boost your income</h2><p>If you build your budget and realize you need additional income, or want to boost your savings, look for opportunities to stretch your income. The <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/7-online-side-hustles-worth-your-time">gig economy</a> is booming right now with services like <a data-analytics-id="inline-link" href="https://www.uber.com/" target="_blank">Uber</a>, <a data-analytics-id="inline-link" href="https://www.doordash.com/" target="_blank">DoorDash</a> and <a data-analytics-id="inline-link" href="https://www.instacart.com/" target="_blank">Instacart</a>.</p><p>Typically, these jobs are very flexible, allowing you to work as much or as little as you'd like. Even an extra $100 to $200 can help offset price increases or provide a nice contribution to your savings account.</p><p>You can also look for ways to maximize your current employer's benefits. Some companies offer commuter stipends, wellness reimbursements or education credits that can reduce out-of-pocket costs.</p><p>If you're struggling financially, don't be afraid to have a conversation with your employer. See what benefits you may qualify for, or consider <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/careers/604000/how-to-ask-for-a-pay-raise-in-5-step">asking for a raise</a>.</p><p>If your company offers <a data-analytics-id="inline-link" href="https://www.kiplinger.com/slideshow/insurance/t027-s001-10-things-you-need-to-know-about-hsas/index.html">health savings accounts</a> or <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/insurance/health-insurance/flexible-spending-accounts">flexible spending accounts</a>, take advantage of those, too. Take this time to review your tax withholdings and adjust them, if needed, to ensure you're not giving the government an interest-free loan.</p><h2 id="put-a-lid-on-your-expenses-2">Put a lid on your expenses</h2><p>During periods of inflation, you also want to be strategic in how you manage your expenses. When it comes to recurring bills, including internet, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/home-insurance/what-factors-affect-your-home-insurance-cost">insurance premiums</a>, phone service or other utilities, call providers for discounts.</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Adviser Intel</strong></em></a><em><strong> (formerly known as Building Wealth), our free, twice-weekly newsletter.</strong></em></p><p>After explaining your situation, you might find there are loyalty programs you're eligible for, or you may be able to negotiate a lower rate. Even a small reduction adds up.</p><p>Grocery costs have also become a burden for families. <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/shopping/deals/ways-to-spend-less-on-groceries-this-year">To cut costs</a>, consider batch cooking, swapping name brands for generics or growing some of your own produce.</p><p>It's also important to prioritize paying off your debt. Consider utilizing the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/kiplinger-advisor-collective/pay-off-high-interest-debt-and-still-save-for-the-future">avalanche or snowball methods</a> to pay off debt. The sooner it's paid off, the more money you'll have to allocate elsewhere.</p><h2 id="be-ready-for-an-emergency-2">Be ready for an emergency</h2><p>It's also important to protect your purchasing power. Building <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/saving-for-your-emergency-fund-1-3-6-method">an emergency fund</a>, like mentioned above, can help provide a cushion for unexpected costs and prevent you from charging up your credit card.</p><p>If you have savings, consider putting some of those funds into a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/best-high-yield-savings-accounts">high-yield savings account</a> or investing it to maximize those dollars.</p><p>Living through financial challenges can be extremely stressful, especially when it feels like so much is out of your control.</p><p>However, finding ways to earn more money, cut spending and grow your savings are the best lines of defense.</p><p>Taking these steps to build financial stability will help you become more resilient to economic challenges.</p><p><em>Brad Clark is an investment advisory representative of and provides advisory services through CoreCap Advisors, LLC. Solomon Financial and CoreCap Advisors are separate and unaffiliated entities.</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/economic-uncertainty-stick-to-the-plan">Stick to the Plan: Don't Panic During Economic Uncertainty</a></li><li><a href="https://www.kiplinger.com/personal-finance/how-to-save-money/family-savings/600897/household-budget-worksheet">Household Budget Worksheet</a></li><li><a href="https://www.kiplinger.com/personal-finance/car-insurance/are-rideshare-drivers-on-the-road-to-financial-ruin">Are Rideshare Drivers on the Road to Financial Ruin?</a></li><li><a href="https://www.kiplinger.com/personal-finance/careers/604920/should-you-ask-for-a-raise-how-to-tell-when-its-time">Should You Ask for a Raise? How to Tell When It's Time</a></li><li><a href="https://www.kiplinger.com/personal-finance/extra-cash-pay-off-debt-or-invest">Extra Cash? Should You Pay Off Debt or Invest?</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content>
<link>https://www.kiplinger.com/personal-finance/inflation/wages-arent-keeping-up-with-inflation-tips-to-bridge-the-gap</link>
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<![CDATA[ While we can't control inflation, there are some simple things each of us can do to help keep our heads above water. ]]>
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<pubDate>Thu, 18 Sep 2025 09:35:00 +0000</pubDate> <category><![CDATA[Inflation]]></category>
<category><![CDATA[Wealth Creation]]></category>
<category><![CDATA[Personal Finance]]></category>
<category><![CDATA[Investing]]></category>
<category><![CDATA[Wealth Management]]></category>
<dc:creator><![CDATA[ Brad Clark ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/hPSnWXTfbP9VELFnV3tw7P-1280-80.jpg">
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<media:text><![CDATA[A small stack of hundred-dollar bills stretched over a gap.]]></media:text>
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<title><![CDATA[ New Rules, New Opportunities for Student Loans: An Expert Guide to Preparing for What's Next ]]></title>
<dc:content><![CDATA[ <p>Big changes are coming to the federal student loan program, and if you're a current borrower, a parent planning for college or someone considering graduate school, it's important to know what's ahead.</p><p>The <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/trump-pushes-for-one-bill-with-focus-on-tax-cuts">One Big Beautiful Bill (OBBB)</a>, which became law in July, represents one of the most significant shifts in student lending in recent memory.</p><p>The sweeping budget reconciliation law reshapes how families borrow and repay for higher education. The new rules take effect on July 1, 2026, though some programs will phase out gradually.</p><p><em>Kiplinger's Adviser Intel, formerly known as Building Wealth, is a curated network of trusted financial professionals who share expert insights on wealth building and preservation. Contributors, including fiduciary financial planners, wealth managers, CEOs and attorneys, provide actionable advice about retirement planning, estate planning, tax strategies and more. Experts are invited to contribute and do not pay to be included, so you can trust their advice is honest and valuable.</em></p><p>While the updates are significant, there's no reason to panic. With the right information and a clear plan, borrowers can make smart choices that minimize costs and protect their financial well-being.</p><h2 id="how-federal-student-loan-rules-are-about-to-change-2">How federal student loan rules are about to change</h2><p>The OBBB brings the most substantial <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/the-new-rules-for-student-loans">changes to federal student lending</a> in more than a decade. There are material changes across undergraduate borrowing, graduate borrowing and repayment options.</p><p>For undergraduates, federal <a data-analytics-id="inline-link" href="https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized" target="_blank">Direct Subsidized and Unsubsidized Loans</a>, formerly known as Stafford Loans, remain unchanged.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_7xws2pdR_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="7xws2pdR"> <div id="botr_7xws2pdR_a7GJFMMh_div"></div> </div> </div></div><p>However, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/college/plus-loans-can-help-pay-for-college-at-a-cost">Parent PLUS Loans</a> now come with new limits for the first time: a cap of $20,000 per year and $65,000 in total per student.</p><p>Historically, Parent PLUS loans have represented roughly one-third of total federal undergraduate borrowing annually, so these new limits represent a significant shift.</p><p>While the caps are relatively generous, the average Parent PLUS loan size was about $21,000 in 2024, meaning families who borrow for all four years of a bachelor's degree, particularly those with multiple children or higher-cost programs, could hit the ceiling and might need to explore additional funding options.</p><p>Graduate students face the most notable changes, as the <a data-analytics-id="inline-link" href="https://studentaid.gov/understand-aid/types/loans/plus/grad" target="_blank">Grad PLUS Loan program</a> will be phased out starting July 1, 2026.</p><p>Students who have already taken out a Grad PLUS loan for a specific course of study before that date will be exempt and can continue borrowing under current rules to complete their degree or for up to three years (whichever comes first).</p><p>This will impact a decent number of borrowers, as Grad PLUS loans have historically also accounted for roughly one-third of total federal graduate borrowing annually.</p><p>To help offset the gap, borrowing limits for federal Direct Subsidized and Direct Unsubsidized Loans will increase by roughly 14% to 23%, depending on the type of graduate loan.</p><p>However, even with these increases, many graduate borrowers might need to turn to the private lending market to cover the gap between their cost of attendance and available savings, aid or federal loans.</p><p>Finally, repayment options will be simplified starting July 1, 2028. Instead of navigating a complex menu of plans, borrowers will choose between just two:</p><ul><li>A standard repayment plan, with repayment periods of 10, 15, 20 or 25 years based on total debt</li><li>The new Repayment Assistance Plan, an income-driven repayment option in which monthly payments are tied to household income, starting as low as 1% and capped at 10%.</li></ul><p>The phasing out of some of the current repayment plans will likely mean higher payments for some borrowers.</p><h2 id="already-borrowing-with-plus-loans-here-s-what-you-need-to-know-2">Already borrowing with PLUS Loans? Here's what you need to know</h2><p>If you've taken out a Parent PLUS or Grad PLUS loan, or plan to do so before July 1, 2026, you're in a good position.</p><p>You'll be exempt from the new rules and can continue borrowing under the current program structure for up to three academic years or until your degree is complete, whichever comes first.</p><p>Even so, this is an ideal time to reassess your borrowing approach. PLUS loans are priced annually, and rates reset each May, so comparing PLUS costs with private loan options could uncover opportunities to save.</p><p>Many private lenders allow you to check potential rates using a soft credit pull, which won't impact your credit score.</p><p>Before considering PLUS or private loans, make sure you've maxed out federal Direct Subsidized and Unsubsidized Loans, which generally offer the most competitive rates and the most borrower-friendly repayment protections.</p><p>All borrowers should explore free funding options such as scholarships, grants and institutional aid — tools such as the <a data-analytics-id="inline-link" href="https://www.collegeraptor.com/scholarship/search/" target="_blank">Citizens Scholarship Search</a> can help you identify opportunities that reduce the need for additional borrowing.</p><h2 id="planning-for-college-how-to-borrow-smarter-under-the-new-rules-2">Planning for college? How to borrow smarter under the new rules</h2><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/going-to-college-how-to-navigate-the-financial-planning">For families just beginning the college planning process,</a> these changes make it more important than ever to understand the net price — what you'll actually pay after scholarships and grants — before committing to a school.</p><p>Sticker prices can be misleading, and with new borrowing caps on Parent PLUS loans and the elimination of Grad PLUS loans, it's critical to identify programs that are a good fit both academically and financially.</p><p>Tools such as <a data-analytics-id="inline-link" href="https://www.collegeraptor.com/college-search/" target="_blank">Citizens' College Match</a> can help you compare schools by cost, potential aid and overall affordability (the "net price"), giving you a clearer picture of what's realistic before you apply.</p><p>If you anticipate needing to borrow beyond Federal Direct Loans, start rate-shopping early. A <a data-analytics-id="inline-link" href="https://www.creditkarma.com/credit/i/hard-credit-inquiries-and-soft-credit-inquiries" target="_blank">soft-pull rate quote</a> from private lenders can show you whether you qualify and at what rate, without impacting your credit.</p><p>If your <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/credit/t017-c001-s001-fast-ways-to-improve-your-credit-score.html">credit profile needs work</a>, this gives you time to improve it or line up a qualified co-signer who could help you secure better terms.</p><h2 id="repaying-your-loans-how-to-navigate-the-new-plans-2">Repaying your loans? How to navigate the new plans</h2><p>If you're already <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/college/t035-c011-s001-strategies-for-repaying-student-loans.html">repaying student loans</a>, there's no immediate action required. You can remain on your current repayment plan until at least July 1, 2028, when you'll need to choose between the <a data-analytics-id="inline-link" href="https://studentaid.gov/manage-loans/repayment/plans/standard" target="_blank">Standard Repayment Plan</a> and the <a data-analytics-id="inline-link" href="https://www.savingforcollege.com/article/student-loan-repayment-assistance-plan-rap" target="_blank">Repayment Assistance Plan</a> (RAP).</p><p>When deciding, look beyond the monthly payment. Compare how each plan affects your total interest cost, time to repayment and overall financial flexibility.</p><p>For some borrowers, refinancing federal loans into a private loan might also make sense, especially if you can secure a lower rate or shorter repayment term.</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Adviser Intel</strong></em></a><em><strong> (formerly known as Building Wealth), our free, twice-weekly newsletter.</strong></em></p><p>Many lenders offer flexible refinancing options with terms ranging from five to 20 years, allowing you to customize a repayment plan that fits your budget.</p><p>However, refinancing federal loans means giving up access to such protections as income-driven repayment and potential future loan forgiveness programs, so weigh your options carefully before making a decision.</p><h2 id="plan-ahead-borrow-smarter-2">Plan ahead, borrow smarter</h2><p>While the changes might feel overwhelming, they also create an opportunity for families to take a more strategic, informed approach to borrowing.</p><p>The most important steps you can take right now are to understand your options, compare rates and repayment plans and use available tools to chart the best possible path forward.</p><p>With proactive planning, you can navigate these changes with confidence and make choices that support both your educational goals and long-term financial health.</p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/personal-finance/going-to-college-how-to-navigate-the-financial-planning">Going to College? How to Navigate the Financial Planning</a></li><li><a href="https://www.kiplinger.com/personal-finance/student-loans/how-the-student-loan-bubble-is-primed-to-pop">This Is How the Student Loan Bubble Is Primed to Pop, From a Student Funding Expert</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/how-the-one-big-beautiful-bill-act-could-reshape-529-plans">How the One Big Beautiful Bill Act Will Reshape 529 Plans</a></li><li><a href="https://www.kiplinger.com/taxes/tax-free-employer-student-loan-repayment-assistance">A Little-Known Tax-Free Way to Help Pay Your Student Loan</a></li><li><a href="https://www.kiplinger.com/personal-finance/the-new-rules-for-student-loans">The New Rules for Student Loans</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content>
<link>https://www.kiplinger.com/personal-finance/student-loans/new-rules-for-student-loans-preparing-for-whats-next</link>
<description>
<![CDATA[ Major changes are coming to federal student loan rules, so it's a good time for borrowers to understand how these shifts will impact their financial planning. ]]>
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<pubDate>Thu, 18 Sep 2025 09:30:00 +0000</pubDate> <category><![CDATA[Student Loans]]></category>
<category><![CDATA[Wealth Creation]]></category>
<category><![CDATA[College]]></category>
<category><![CDATA[Personal Finance]]></category>
<category><![CDATA[Credit & Debt]]></category>
<category><![CDATA[Loans]]></category>
<category><![CDATA[Investing]]></category>
<category><![CDATA[Wealth Management]]></category>
<category><![CDATA[Careers]]></category>
<author><![CDATA[ Christopher.Ebeling@citizensbank.com (Chris Ebeling) ]]></author> <dc:creator><![CDATA[ Chris Ebeling ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/phViypqj2eL8heGAJajrzG-1280-80.jpg">
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<title><![CDATA[ Dow Hits New Intraday High on Fed Day: Stock Market Today ]]></title>
<dc:content><![CDATA[ <p>All three main U.S. stock market indexes spiked after the Federal Open Market Committee announced a 25 basis point cut to the target range for the federal funds rate, but quickly fell back into their intraday ranges and closed mixed.</p><p>Factors other than monetary policy figured into a relatively stable trading session, as the world's most important stock suffered another trade war blow.</p><p>As was nearly 100% certain heading into the announcement, the FOMC cut <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/interest-rates"><u>interest rates</u></a> by a quarter point to a range of 4.00% to 4.25%. Its Summary of Economic Projections – or "dot plot" – reflects a similar move at the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/when-is-the-next-fed-meeting"><u>next Fed meeting</u></a> in October and another 25-basis-point cut in December.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_TZ5u6hI1_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="TZ5u6hI1"> <div id="botr_TZ5u6hI1_a7GJFMMh_div"></div> </div> </div></div><p>"Recent indicators suggest that growth of economic activity moderated in the first half of the year," the Fed said in its <a data-analytics-id="inline-link" href="https://www.federalreserve.gov/newsevents/pressreleases/monetary20250917a.htm" target="_blank"><u>policy statement</u></a>. "Job gains have slowed, and the unemployment rate has edged up but remains low. <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/inflation"><u>Inflation</u></a> has moved up and remains somewhat elevated."</p><p>During his press conference, Fed Chair Jerome Powell cited slowing economic activity for the decision. "The moderation in growth largely reflects a slowdown in consumer spending," as well as a weakened housing sector, Powell said.</p><p>The Fed chair also noted that business investment has accelerated compared to a year ago. You can track news and developments around the FOMC meeting on our <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/live/fed-meeting-live-updates-and-commentary-september-2025"><u>live Fed blog</u></a>.</p><p><strong>Nvidia</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=NVDA" target="_blank">NVDA</a>, -2.6%) and <strong>Amazon.com</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=AMZN" target="_blank">AMZN</a>, -1.0%) were the two worst-performing <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/blue-chip-stocks/602319/all-30-dow-jones-stocks-ranked-the-pros-weigh-in"><u>Dow Jones stocks</u></a> after the Fed announcement, even as the index surged as much as 463 points and hit a new all-time high on an intraday basis.</p><p>Financials and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/best-consumer-staples-stocks-to-buy"><u>consumer staples stocks</u></a> led the way higher, while the S&P 500 and the Nasdaq Composite suffered for their greater exposure to consumer discretionary and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/best-tech-stocks-to-buy"><u>tech stocks</u></a>, two of three official S&P Global sectors with negative closing numbers for the day.</p><div class="tradingview-widget-container"> <div class="tradingview-widget-container__widget"></div> <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-market-overview.js" async>{"source":"marketOverview","id":"ebc268ae-5ca5-40d4-a4c8-fd2fcb86d61b","colorTheme":"light","dateRange":"12M","showChart":true,"locale":"en","largeChartUrl":"","isTransparent":false,"showSymbolLogo":true,"showFloatingTooltip":false,"width":"400","height":"550","plotLineColorGrowing":"rgba(41, 98, 255, 1)","plotLineColorFalling":"rgba(41, 98, 255, 1)","gridLineColor":"rgba(240, 243, 250, 0)","scaleFontColor":"rgba(19, 23, 34, 1)","belowLineFillColorGrowing":"rgba(41, 98, 255, 0.12)","belowLineFillColorFalling":"rgba(41, 98, 255, 0.12)","belowLineFillColorGrowingBottom":"rgba(41, 98, 255, 0)","belowLineFillColorFallingBottom":"rgba(41, 98, 255, 0)","symbolActiveColor":"rgba(41, 98, 255, 0.12)","tabs":[{"title":"Indices","originalTitle":"Indices","symbols":[{"d":"S&P 500 Index","s":"FOREXCOM:SPXUSD"},{"d":"Dow Jones Industrial Average Index","s":"FOREXCOM:DJI"},{"d":"Nasdaq Composite","s":"NASDAQ:IXIC"}]},{"title":"Futures","originalTitle":"Futures","symbols":[{"d":"S&P 500","s":"CME_MINI:ES1!"},{"d":"Euro","s":"CME:6E1!"},{"d":"Gold","s":"COMEX:GC1!"},{"d":"WTI Crude Oil","s":"NYMEX:CL1!"},{"d":"Gas","s":"NYMEX:NG1!"},{"d":"Corn","s":"CBOT:ZC1!"}]},{"title":"Bonds","originalTitle":"Bonds","symbols":[{"d":"T-Bond","s":"CBOT:ZB1!"},{"d":"Ultra T-Bond","s":"CBOT:UB1!"},{"d":"Euro Bund","s":"EUREX:FGBL1!"},{"d":"Euro BTP","s":"EUREX:FBTP1!"},{"d":"Euro BOBL","s":"EUREX:FGBM1!"}]},{"title":"Forex","originalTitle":"Forex","symbols":[{"d":"EUR to USD","s":"FX:EURUSD"},{"d":"GBP to USD","s":"FX:GBPUSD"},{"d":"USD to JPY","s":"FX:USDJPY"},{"d":"USD to CHF","s":"FX:USDCHF"},{"d":"AUD to USD","s":"FX:AUDUSD"},{"d":"USD to CAD","s":"FX:USDCAD"}]}],"realType":"embed"}</script></div><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/best-small-cap-stocks-to-buy"><u>Small-cap stocks</u></a> – seen to benefit most as a group from lower interest rates – continued to rally into and through the FOMC decision, with the Russell 2000 Index up as much as 2.1% intraday, closing modestly higher and extending to nearly 37% the bounce off its April 9 post-Liberation Day low.</p><p>The yield on the 2-year U.S. Treasury note inched up to 3.549% from 3.510% as of Tuesday. The yield on the 30-year U.S. Treasury bond edged higher to 4.669% from 4.646%.</p><p>At the closing bell on Fed Day, the tech-heavy <strong>Nasdaq Composite</strong> was down 0.3% at 22,261, and the broad-based <strong>S&P 500</strong> had shed 0.1% to 6,600. But the blue-chip <strong>Dow Jones Industrial Average</strong> was holding a 0.6% gain at 46,018 after hitting a fresh new all-time high on an intraday basis.</p><h2 id="is-nvidia-a-trade-war-pawn-2">Is Nvidia a trade war pawn?</h2><p><strong>Nvidia</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=NVDA" target="_blank">NVDA</a>) dragged on all three main equity indexes after the <a data-analytics-id="inline-link" href="https://www.ft.com/content/12adf92d-3e34-428a-8d61-c9169511915c" target="_blank"><u>Financial Times</u></a> reported the Cyberspace Administration of China has banned tech companies such as ByteDance and Alibaba from buying a product the leader of the AI revolution made specifically for the Middle Kingdom.</p><p>China's internet regulator told companies to end testing of and orders for Nvidia's RTX Pro 6000D. As <a data-analytics-id="inline-link" href="https://www.linkedin.com/in/louis-navellier-0993163" target="_blank">Louis Navellier</a> of Navellier & Associates notes, observers expect President Xi Jinping to use Nvidia as leverage to negotiate a better trade deal with the U.S. during a scheduled phone call with U.S. President Donald Trump this Friday.</p><div class="tradingview-widget-container"> <div class="tradingview-widget-container__widget"></div> <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-single-quote.js" async>{"source":"singleQuote","id":"977ad9d1-4e5f-4fbe-9c82-ccaaf5c2eadf","colorTheme":"light","isTransparent":false,"locale":"en","width":"350","symbol":"nvda","realType":"embed"}</script></div><p>"It will be interesting to see exactly what President Trump announces on Friday after his call with President Xi," Navellier adds, "other than the anticipated TikTok deal."</p><p>According to <a data-analytics-id="inline-link" href="https://www.wsj.com/tech/details-emerge-on-u-s-china-tiktok-deal-594e009f?" target="_blank"><u>The Wall Street Journal</u></a>, a deal being negotiated by the Trump administration and Beijing would see <strong>Oracle</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=ORCL" target="_blank">ORCL</a>), private equity firm Silver Lake Technology Management and venture capital outfit Andreessen Horowitz combine in a consortium with an 80% stake in the social media platform.</p><h2 id="housing-starts-and-building-permits-sag-2">Housing starts and building permits sag</h2><p>The <a data-analytics-id="inline-link" href="https://www.census.gov/construction/nrc/current/index.html" target="_blank"><u>Census Bureau</u></a> said housing starts were down 8.5% month over month in August, reversing course after solid gains in July and June. Building permits, considered a better indicator of broad housing demand, were down 3.7%, extending a downtrend undergirded by high mortgage rates.</p><p>"The slowing housing starts and permits is one of the strongest arguments for additional rate cuts," writes Comerica Wealth Management Chief Investment Officer <a data-analytics-id="inline-link" href="https://www.linkedin.com/in/eric-teal-22126b56" target="_blank"><u>Eric Teal</u></a>.</p><p>Teal says a "2% decline in mortgage rates is needed to jump-start the housing market given the lock-in effects and recency bias."</p><h2 id="stubhub-punches-its-ipo-ticket-2">StubHub punches its IPO ticket</h2><p><strong>StubHub</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=STUB" target="_blank">STUB</a>) debuted as a publicly traded company Wednesday, completing its initial public offering (IPO) after a pause to gauge the effects of President Donald <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/whats-happening-with-trump-tariffs"><u>Trump's tariffs</u></a>.</p><p>STUB priced its offering of approximately 34 million shares in the middle of its announced target range of $22 to $25, at $23.50 per share, to raise about $800 million.</p><p>One of the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/slideshow/investing/t052-s001-the-25-biggest-ipos-in-u-s-history/index.html"><u>biggest IPOs</u></a> of the year so far, STUB opened at $25.35 in its market debut, hit an intraday high of $26.34, and closed at $22.00. So, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/ipos/stubhub-ipo-should-you-buy-stub-stock"><u>should you buy the dip in STUB stock</u></a>?</p><div class="tradingview-widget-container"> <div class="tradingview-widget-container__widget"></div> <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-single-quote.js" async>{"source":"singleQuote","id":"3331203d-3fe6-4f61-9d7f-5dd4a3d84aab","colorTheme":"light","isTransparent":false,"locale":"en","width":"350","symbol":"stub","realType":"embed"}</script></div><h3 class="article-body__section" id="section-related-content"><span>Related content</span></h3><ul><li><a href="https://www.kiplinger.com/investing/stocks-to-buy/top-tech-disruptors">5 Top Tech Disruptors to Watch</a></li><li><a href="https://www.kiplinger.com/investing/stocks/604652/leading-lithium-stocks-worth-digging-into">The Best Lithium Stocks to Buy Now</a></li><li><a href="https://www.kiplinger.com/investing/what-your-portfolio-says-about-you-and-your-relationship-with-risk">What Your Portfolio Says About You and Your Relationship With Risk</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/investing/stocks/dow-hits-new-intraday-high-on-fed-day-stock-market-today</link>
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<![CDATA[ Not even the most important stock in the world could keep the oldest equity index down on a significant day for markets. ]]>
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<pubDate>Wed, 17 Sep 2025 20:11:32 +0000</pubDate> <category><![CDATA[Stocks]]></category>
<category><![CDATA[Investing]]></category>
<dc:creator><![CDATA[ David Dittman ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/bZTCceVHrLSRwSKr8A7fo5-1280-80.jpg">
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<media:text><![CDATA[interest rates green red hundred dollar bills]]></media:text>
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<title><![CDATA[ Savings Goal Calculator ]]></title>
<dc:content><![CDATA[ <p>As one of our Adviser Intel contributors, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/author/anthony-martin" target="_blank">Anthony Martin</a>, says: "With savings, it's not the amount that matters the most, but the consistency." In his article on <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/how-to-save-for-big-goals-even-if-you-are-barely-getting-by">how to save for big goals</a>, he goes on to explain that, "If you save $5 every month from the age of 10, you will have saved $1,200 by the time you're 30." Getting into the regular savings habit, even if it's a small amount each month, can add up significantly over time.</p><p>If you want to know how much you need to save each month to reach your financial goal, use our simple calculator that helps you create a realistic monthly savings plan to reach your target goal.</p><p>Work through each section, factoring in your current savings, your target timeline and the interest rate you expect to achieve.</p><p>Return and repeat this exercise as much as you need to track your savings goals.</p><div style="min-height: 250px;"> <div class="kwizly-quiz kwizly-Oaa01O"></div> </div> <script src="https://kwizly.com/embed/Oaa01O.js" async></script><h3 class="article-body__section" id="section-related-content"><span>Related content</span></h3><ul><li><a href="https://www.kiplinger.com/personal-finance/how-to-save-for-big-goals-even-if-you-are-barely-getting-by">I'm a Financial Adviser: This Is How You Can Save for Big Goals</a></li><li><a href="https://www.kiplinger.com/personal-finance/banking/savings-calculator">Savings Calculator: If You Saved $5,000 Five Years Ago, Here's What You'd Have Now</a></li><li><a href="https://www.kiplinger.com/kiplinger-advisor-collective/ways-to-make-saving-for-a-large-purchase-easier-and-faster">Seven Ways to Make Saving for a Large Purchase Easier and Faster</a></li><li><a href="https://www.kiplinger.com/personal-finance/how-to-save-money/best-budgeting-apps">Seven of the Best Budgeting Apps</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/personal-finance/family-savings/savings-goal-calculator</link>
<description>
<![CDATA[ Want to know how much you need to save each month to reach your financial goals? Our calculator helps you build a realistic savings plan. ]]>
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<pubDate>Wed, 17 Sep 2025 17:29:20 +0000</pubDate> <category><![CDATA[Family Savings]]></category>
<category><![CDATA[How To Save Money]]></category>
<category><![CDATA[Personal Finance]]></category>
<dc:creator><![CDATA[ Carla Ayers ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/bUAoU9Fryzk522an8u7ink-1280-80.jpg">
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<media:text><![CDATA[Small piggy banks sit on stacks of coins that get subsequently higher.]]></media:text>
<media:title type="plain"><![CDATA[Small piggy banks sit on stacks of coins that get subsequently higher.]]></media:title>
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<title><![CDATA[ Cash vs. Mortgage: How to Pay for Your Second Home ]]></title>
<dc:content><![CDATA[ <p>Buying a second home can be an appealing way to lock in a vacation retreat or create an income-producing property. But the number of buyers taking out mortgages for second homes has fallen sharply — <a data-analytics-id="inline-link" href="https://www.redfin.com/news/second-home-mortgages-drop-2024/" target="_blank">Redfin reports</a> 86,604 mortgages in 2024, the lowest level since 2018 and far below the 258,289 peak in 2021.</p><p>If you have enough savings, you don’t necessarily need a mortgage to make the purchase. All-cash offers are still common, and they can make transactions faster and more attractive to sellers. But draining your savings may leave you without a financial cushion.</p><p>The real question is whether it makes more sense to pay cash for your second home or finance it with a mortgage. Both options come with trade-offs in flexibility, tax advantages and long-term costs.</p><h2 id="should-you-pay-cash-for-your-second-home-2">Should you pay cash for your second home?</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="D3efMSCw86ye2C37VrmHDJ" name="GettyImages-2210684567" alt="A hand holding cash in front of a new house with keys" src="https://cdn.mos.cms.futurecdn.net/D3efMSCw86ye2C37VrmHDJ.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>Buying a home is often the largest purchase you’ll make in your lifetime, and some buyers are in a position to cover the cost entirely in cash. According to the <a data-analytics-id="inline-link" href="https://www.nar.realtor/magazine/real-estate-news/nar-market-is-shifting-slowly-in-buyers-favor" target="_blank">National Association of Realtors (NAR)</a>, 28% of all home sales last summer were all-cash transactions.</p><p>About 16% of those were for second homes, showing that many buyers are skipping financing altogether when purchasing a vacation or investment property.</p><p>By November, the share of all-cash purchases dipped slightly to 25%. Even with that decline, cash buyers continue to represent a significant portion of the market. These figures highlight how common it is, and how competitive it can be, for buyers with available funds to sidestep the mortgage process and secure a property outright.</p><p>Curious about today's rates? Explore and compare some of today's top mortgage offers with the tool below, powered by Bankrate:</p><h2 id="pros-and-cons-of-buying-a-second-home-in-cash-2">Pros and cons of buying a second home in cash</h2><p>Paying in cash comes with clear advantages, but it isn’t without drawbacks. Here’s what to weigh before deciding if an all-cash purchase is right for you.</p><p><strong>Pros</strong></p><ul><li><strong>No decades-long interest charges. </strong>You’re off the hook from paying interest on your home, which could cost you more than the home itself. If you were to buy a $400,000 second home today with a 6.5% interest rate and put down 10% — $40,000 — you’re looking at about $2,742 as your monthly payment. At the end of your 30-year loan, you’ll end up paying $819,160 for that home — $459,160 of that in interest.</li><li><strong>Fewer fees.</strong> Paying in cash eliminates many of the costs tied to financing, such as loan origination, appraisal and lender-related closing fees. While you’ll still need to cover standard expenses like title fees, transfer taxes and insurance, the overall transaction typically costs less than if you were taking out a mortgage.</li><li><strong>Outright ownership. </strong>A mortgage means your lender technically owns your home until you’ve paid off your loan. Without a mortgage, you own the home in full, giving you more options if you want to sell it quickly.</li><li><strong>Faster purchase. </strong>Sellers like all-cash offers, since they don’t have to be at the mercy of financial institutions approving or denying potential buyers. It makes for quicker, smoother transactions and could put you at the front of the line for a hot property.</li><li><strong>Potential discounts. </strong>Some sellers may offer an all-cash discount if you pay for the property in full, rather than going through mortgage lenders, which could trigger more costs and fees.</li><li><strong>Spending freedom. </strong>Without a monthly mortgage payment, you can use that money you would’ve spent on a home loan towards other wants or needs, like investments and savings.</li></ul><p><strong>Cons</strong></p><ul><li><strong>Less cash flexibility. </strong>If you’re draining your savings to buy a second home, you have very little to pay for other needs. Without a cushion, you could end up borrowing for emergencies, whether unexpected repairs, car maintenance, or a health concern.</li><li><strong>Fewer tax benefits. </strong>While second homes don’t offer as many tax breaks as primary residences, you can still qualify for some relief. For instance, you can deduct mortgage interest, up to certain limits.</li></ul><h2 id="pros-and-cons-of-buying-a-second-home-with-a-mortgage-2">Pros and Cons of buying a second home with a mortgage</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:2180px;"><p class="vanilla-image-block" style="padding-top:63.07%;"><img id="HfAg2ynfdCXAGw7axNPSGZ" name="GettyImages-1502889269" alt="A couple discussing mortgage options with their lender" src="https://cdn.mos.cms.futurecdn.net/HfAg2ynfdCXAGw7axNPSGZ.jpg" mos="" align="middle" fullscreen="" width="2180" height="1375" 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>While many second homebuyers pay for their property in cash, not all do. In some cases, taking out a mortgage might be a better option.</p><p><strong>Pros</strong></p><ul><li><strong>More financial wiggle room. </strong>Even if you can pay a sizable chunk of your home purchase in cash, taking out a small loan provides financial relief in the first few months of ownership. What if you need to cover major repairs or you want to make significant upgrades? Think about what you’ll need money for after the purchase.</li><li><strong>Tax incentives. </strong>Even though you’re making monthly mortgage payments on a second home, you can take advantage of the mortgage interest deduction on your taxes.</li><li><strong>Builds creditworthiness. </strong>While taking out a mortgage causes a temporary dip in your credit, having a home loan on your credit report looks good to potential creditors in the future, who may look at your report to gauge your creditworthiness.</li></ul><p><strong>Cons</strong></p><ul><li><strong>Long-term interest and fees. </strong>Taking out a mortgage means paying interest until your loan is paid in full. There’s a chance you could pay off your loan before the terms are up, lessening how much you pay in total interest. But you might get hit with a <a href="https://www.consumerfinance.gov/ask-cfpb/what-is-a-prepayment-penalty-en-1957/"><u>prepayment penalty</u></a> if you pay it off too soon.</li><li><strong>Ongoing monthly payments. </strong>Unless your first home is paid in full, you’ll add another mortgage payment to your monthly budget. If you can afford the new payment, this should be fine, but you may need to rework the numbers if it's tightening your finances.</li><li><strong>Longer closing process. </strong>The homebuying process can take a few weeks to a couple of months. Taking out a mortgage puts you at the mercy of a financial institution that approves or denies your final application.</li></ul><h2 id="deciding-how-to-fund-your-second-home-2">Deciding how to fund your second home</h2><p>If you have the cash to buy your second home in full, that’s a great way to avoid the mountain of interest and fees that come with a mortgage. You’ll also have the peace of mind of owning the property outright.</p><p>Not everyone has the financial freedom to make this leap, though. And even if you do, a loan can still make sense if it helps you preserve savings, take advantage of tax deductions, or keep more flexibility in your overall finances.</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/landmark-real-estate-commission-settlement-why-costs-havent-dropped">Why a Landmark Real Estate Commission Settlement Hasn’t Lowered Costs for Homebuyers</a></li><li><a href="https://www.kiplinger.com/economic-forecasts/housing">Kiplinger Housing Outlook: Home Prices Still Rising, but More Slowly</a></li><li><a href="https://www.kiplinger.com/real-estate/mortgages/mortgage-rate-lock-vs-float">Lock or Float Your Mortgage Rate? How to Decide</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/real-estate/paying-for-second-home-cash-or-mortgage</link>
<description>
<![CDATA[ Should you buy your second home outright or finance it with a loan? Weigh the pros, cons and tax implications before making the leap. ]]>
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<pubDate>Wed, 17 Sep 2025 17:25:18 +0000</pubDate> <category><![CDATA[Real Estate]]></category>
<category><![CDATA[Mortgages]]></category>
<dc:creator><![CDATA[ Dori Zinn ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/D3efMSCw86ye2C37VrmHDJ-1280-80.jpg">
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<media:text><![CDATA[A hand holding cash in front of a new house with keys]]></media:text>
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<title><![CDATA[ Mortgage Rates Dip to Year-Low as Jobs Data Disappoints ]]></title>
<dc:content><![CDATA[ <p>Falling job growth may be bad news for the economy, but it could bring welcome news for mortgage borrowers. A weaker-than-expected jobs report has already pushed rates lower, easing some of the pressure on today’s housing market.</p><p>For homebuyers, the shift offers a chance to secure a mortgage at a more affordable level than what we’ve seen in recent months. Lower borrowing costs can translate into smaller monthly payments and, in some cases, the ability to consider a wider range of homes.</p><p>Homeowners who purchased when rates were higher may also see an opening to refinance. A lower rate can cut monthly expenses or help shorten a loan term, giving borrowers more flexibility as they manage their finances.</p><h2 id="dipping-mortgage-rates-are-promising-for-buyers-2">Dipping mortgage rates are promising for buyers</h2><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:2120px;"><p class="vanilla-image-block" style="padding-top:66.75%;"><img id="Z6mMHyJRQyaVuUnwkwz6E5" name="GettyImages-1643300522" alt="A couple looking at real estate" src="https://cdn.mos.cms.futurecdn.net/Z6mMHyJRQyaVuUnwkwz6E5.jpg" mos="" align="middle" fullscreen="" width="2120" height="1415" 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>After years of mortgage rates hovering at or above 7%, there’s finally relief in sight for homebuyers. According to <a data-analytics-id="inline-link" href="https://www.mortgagenewsdaily.com/mortgage-rates/30-year-fixed" target="_blank">Mortgage News Daily</a> data, average rates for a 30-year fixed mortgage dropped to 6.28% on Monday, September 8 — down from 6.53% just a week earlier.</p><p>It’s a welcome shift for both buyers and homeowners <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/mortgages/when-to-refinance">looking to refinance</a>. Rates had climbed as high as 7.26% in January and 7.08% in May, so the recent drop could mean lower monthly payments and make homeownership more affordable.</p><h2 id="how-the-jobs-report-lowered-mortgage-rates-2">How the jobs report lowered mortgage rates</h2><p>On Friday, the <a data-analytics-id="inline-link" href="https://www.bls.gov/news.release/pdf/empsit.pdf" target="_blank">Bureau of Labor Statistics</a> released its jobs report for August with disappointing results. The unemployment rate increased to 4.3%, compared to 4.2% in July. Employers added just 22,000 jobs in August, indicating a slowdown in the labor market.</p><p>There are many potential reasons for the poor jobs report, including economic uncertainty generated by tariffs. The back-and-forth nature of the tariffs make it difficult for businesses to strategically plan, so businesses may be less likely to hire.</p><p>Additionally, inflation results in higher prices, and consumers are starting to limit their spending, impacting business profits and potentially resulting in staffing cuts.</p><p>Though the jobs report indicates trouble for the economy, it correlates with declining mortgage rates, and it could help lower interest rates even further.</p><p>Cutting interest rates can help boost the job market, making operational costs cheaper for businesses, but increasing interest rates helps fight inflation. Given the poor jobs report, the Fed might decide to lower interest rates to help boost employment, which could drop mortgage interest rates even more.</p><h2 id="the-perks-of-lower-mortgage-rates-for-homeowners-and-buyers-2">The perks of lower mortgage rates for homeowners and buyers</h2><p>Lower mortgage rates could make it easier and more affordable for buyers to purchase homes, and that could mean that sellers receive more offers on their homes. Lower mortgage rates could prompt more buyers to enter the market, driving sales and increasing demand.</p><p>Homeowners may also choose to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/mortgages/how-refinancing-a-home-loan-works">refinance a mortgage</a> to take advantage of the current lower interest rates. Refinancing at a lower interest rate can lower your monthly payments by reducing the total interest you’ll pay.</p><p>If you’re struggling to make payments, you might choose to extend your loan term when you refinance. Alternatively, if you want to pay off your mortgage faster, you could refinance to take advantage of a lower interest rate while choosing a shorter loan term to pay off your loan sooner.</p><p>Just keep in mind that you'll pay a fee to refinance your home, and that can vary depending on the type of refinancing you choose and your new loan amount.</p><p>Explore and compare some of today's top refinance offers with the tool below, powered by Bankrate:</p><h2 id="additional-ways-to-get-lower-mortgage-rates-2">Additional ways to get lower mortgage rates</h2><p>While mortgage rates may be falling, the actual interest rate you receive depends on several factors. You can take steps to maximize your chances of getting the lowest interest rate possible:</p><ul><li><strong>Build your credit score.</strong> Lenders review your credit score and offer lower interest to borrowers with higher credit scores. Focus on making all of your payments on time to <a href="https://www.kiplinger.com/kiplinger-advisor-collective/simple-ways-to-improve-your-credit-score-according-to-experts">improve your credit score</a>.</li><li><strong>Make a larger down payment. </strong>Lenders assume less risk when you make a large <a href="https://www.kiplinger.com/real-estate/buying-a-home/parents-are-paying-childs-house-down-payment">down payment</a>, so they may offer you a lower interest rate. Plus, making a large down payment reduces your monthly mortgage payments and means you’ll pay less interest over the life of your mortgage.</li><li><strong>Reduce your debt-to-income ratio.</strong> A lender will also review the amount of existing debt you have compared to your income. If you have lots of debt, it can indicate that you’re at a higher risk of not being able to pay your mortgage, so lenders may charge you a higher interest rate to make up for some of that risk. Focus on paying off debts and working to increase your income.</li></ul><p>If you’re ready to buy a home, take time to consider how much mortgage you can comfortably afford and get pre-approved so you’re prepared to make an offer when the right property comes along.</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/buying-a-home/how-does-the-10-year-treasury-yield-affect-mortgage-rates">How Does the 10-Year Treasury Yield Affect Mortgage Rates?</a></li><li><a href="https://www.kiplinger.com/retirement/happy-retirement/worst-places-to-retire-in-the-us">Worst Places to Retire in the US </a></li><li><a href="https://www.kiplinger.com/real-estate/mortgages/can-you-afford-a-million-dollar-home-on-a-usd250-000-salary">Income Required to Buy a Million-Dollar Home</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/real-estate/mortgages/mortgage-rates-fall-as-jobs-data-weakens</link>
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<![CDATA[ With August job growth falling short of expectations, markets drive 30-year mortgage interest rates down, opening refinance and homebuying opportunities. ]]>
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<pubDate>Wed, 17 Sep 2025 16:45:07 +0000</pubDate> <category><![CDATA[Mortgages]]></category>
<category><![CDATA[Real Estate]]></category>
<dc:creator><![CDATA[ Paige Cerulli ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/TjaLXFfHLziE9pQv7Xy563-1280-80.jpg">
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<title><![CDATA[ 5 Top Tech Disruptors to Watch ]]></title>
<dc:content><![CDATA[ <p>Investors have been enamored with the idea of top tech disruptors able to reshape the economy since the dot-com days. Meta Platforms (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=META" target="_blank">META</a>) and Tesla (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=TSLA" target="_blank">TSLA</a>) didn't exist 25 years ago, but now they're among the biggest companies in the world because of game-changing innovations.</p><p>Today, the most disruptive start-ups are owned by private equity. Typically, they're small but high-potential firms operating deeply in the red as they chase new applications for big ideas like artificial intelligence, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/four-ways-to-invest-in-quantum-computing">quantum computing</a> or the blockchain.</p><p>But a number of established, publicly traded stocks still qualify as top tech disruptors and offer the promise of significant potential as they ride megatrends to new heights.</p><p>There is greater risk when it comes to investing in innovation. There is no guarantee a company's specific technology will scale or that it'll be a dominant player even if it does.</p><p>At the same time, the following five top tech disruptors have proven themselves through strong share performance and market capitalizations of more than $1 billion.</p><ul><li><strong>Industry:</strong> Capital markets</li><li><strong>Market value:</strong> $84.3 billion</li><li><strong>12-month total return:</strong> 103.0%</li></ul><p>Digital assets are known for their disruptive potential, but <strong>Coinbase Global</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=COIN" target="_blank">COIN</a>) is, in many ways, the more responsible older sibling of the rough-and-tumble crypto firms in the sector. One of the largest cryptocurrency exchanges in the world has taken great pains to play by U.S. regulatory rules.</p><p>As one of the few regulated exchanges – and as a publicly traded company listed on the Nasdaq and subject to strict financial accounting standards – Coinbase offers transparency that many of its peers can’t match.</p><p>This crypto leader is using its bona fides to connect with mainstream financial institutions, including offering Visa (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=V" target="_blank">V</a>) branded cards that pay rewards in crypto.</p><p>This synergy of disruptive new technology and a cooperative approach with incumbent banking and payment firms has made COIN stock increasingly attractive to investors. The stock has doubled in the last 12 months.</p><ul><li><strong>Industry:</strong> Hotels, restaurants and leisure</li><li><strong>Market value: </strong>$21.3 billion</li><li><strong>12-month total return:</strong> 12.1%</li></ul><p>Gambling is one of the oldest pastimes in the world, so it’s no small feat that <strong>DraftKings</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=DKNG" target="_blank">DKNG</a>) has managed to reinvent the experience with new forms of gaming. Since a 2018 Supreme Court ruling overturned federal prohibitions on sportsbooks, DKNG has emerged as one of the dominant players in the space.</p><p>With the NFL season just kicking off, DraftKings is everywhere, offering both traditional sportsbook betting and innovations like daily fantasy contests.</p><p>The company is also expanding into online casino gaming, including video poker, <a data-analytics-id="inline-link" href="https://www.powerball.com/" target="_blank">Powerball</a> and even digital “scratcher” lotteries.</p><p>DraftKings is at the center of what is shaping up to be one of the biggest multi-year growth trends of the 21st century. Analysts estimate the global sports betting market will grow by more than $220 billion from 2025 to 2029 – a compound annual growth rate (CAGR) of nearly 13%.</p><p>As it continues expanding into other gambling verticals, DraftKings is among a handful of top tech disruptors to watch, giving an old-school industry a high-tech twist for the digital age.</p><ul><li><strong>Industry:</strong> Biotechnology</li><li><strong>Market value:</strong> $1.4 billion</li><li><strong>12-month total return: </strong>176.0%</li></ul><p><strong>Grail </strong>(<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=GRAL" target="_blank">GRAL</a>) is a cutting-edge medical firm developing diagnostics tools aimed at identifying at-risk cancer patients early and through minimally invasive methods. This innovation could be a game-changer on multiple levels: improving outcomes, reducing the total cost of care, and, ultimately, fighting back against deadly cancers around the world.</p><p>Following a regulatory battle in Europe, parent company Illumina (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=ILMN" target="_blank">ILMN</a>) spun off Grail as a stand-alone biotech firm. That move came at a great time, as its Galleri cancer-screening blood test has gained significant momentum over the past year.</p><p>During the second quarter, the product posted greater than 20% year-over-year revenue growth and is expected to grow by as much as 30% for the full year.</p><p>The cancer screening niche offers a rare win-win, saving providers substantial costs while saving lives and improving patient outcomes.</p><p>Like all development-stage <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/the-best-health-care-stocks-to-buy">health care stocks</a> and top tech disruptors, Grail carries risk. But its early successes should give investors confidence.</p><ul><li><strong>Industry:</strong> Software</li><li><strong>Market value:</strong> $403.9 billion</li><li><strong>12-month total return:</strong> 368.9%</li></ul><p>You’d have to be living under a rock not to have heard of <strong>Palantir Technologies</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=PLTR" target="_blank">PLTR</a>). The stock has soared about 370% in the last 12 months, making it one of the top performers in the entire S&P 500 index.</p><p>There are good reasons for the buzz around this <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks-to-buy/multibagger-stocks-with-amazing-returns">multibagger stock</a>. Palantir's data analytics and AI platform is forecast to support 30% revenue growth this year and another 30% in fiscal 2026, driven by powerful long-term megatrends.</p><p>Unlike smaller AI startups, Palantir benefits from long-standing partnerships with the intelligence community and the Department of Defense, giving it both credibility and stability.</p><p>Palantir is already profitable, building real-world AI solutions for paying clients. Those profits are expected to grow significantly, with Wall Street expecting 50% earnings growth this year and 30% next year.</p><p>A strong bottom line positions PLTR as more than just another stock riding the AI hype – it's one of the genuine top tech disruptors worth watching.</p><ul><li><strong>Industry:</strong> Specialty retail</li><li><strong>Market value: </strong>$1.3 billion</li><li><strong>12-month total return:</strong> 1,014.8%</li></ul><p><strong>ThredUp</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=TDUP" target="_blank">TDUP</a>) is a top tech disruptor in the retail sector, applying a digital approach to thrift shopping. It leverages smart pricing systems and efficient listings to benefit both resellers and buyers.</p><p>Unlike platforms such as eBay (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=EBAY" target="_blank">EBAY</a>) that rely on sellers to manage everything, ThredUp takes a streamlined approach. Sellers simply send in their items, and ThredUp handles pricing and listing through proprietary algorithms and experience.</p><p>On the consumer side, TDUP is capitalizing on sustained demand for high-end fashion paired with a growing preference for more budget-conscious and sustainable shopping.</p><p>As the go-to platform for more than 50,000 brands – from Gap to Gucci – shoppers can trust they’re getting verified, quality items, with peace of mind on both ends of the transaction.</p><p>The company is not yet profitable, but it's a compelling top tech disruptor because of its 1.5 million active buyers. And TDUP stock has surged more than 1,000% over the trailing 12 months thanks to impressive revenue and margin growth.</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/upcoming-ipos">Hot Upcoming IPOs to Watch</a></li><li><a href="https://www.kiplinger.com/investing/stocks/604652/leading-lithium-stocks-worth-digging-into">The Best Lithium Stocks to Buy Now</a></li><li><a href="https://www.kiplinger.com/slideshow/investing/t058-s001-the-10-best-tech-stocks-of-all-time/index.html">The 10 Best Tech Stocks of All Time</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/investing/stocks-to-buy/top-tech-disruptors</link>
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<![CDATA[ Big change catalyzed by top tech disruptors often leads to big growth. ]]>
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<pubDate>Wed, 17 Sep 2025 16:20:59 +0000</pubDate> <category><![CDATA[Stocks-to-buy]]></category>
<category><![CDATA[Stocks]]></category>
<category><![CDATA[Investing]]></category>
<author><![CDATA[ kiplinger@futurenet.com (Jeff Reeves) ]]></author> <dc:creator><![CDATA[ Jeff Reeves ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/4bQZ5GKpiTiPMEkpcZpbjU-1280-80.jpg">
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<title><![CDATA[ The Seven Best-Paying Side Gigs For Retirees ]]></title>
<dc:content><![CDATA[ <p>The trend of working part-time in retirement keeps growing, partly because digital and remote work has made it easy for U.S. seniors to log in and make a buck. But it’s not only about technology and geography. More retirees than ever say they need the extra cash in their golden years.</p><p>According to the<a data-analytics-id="inline-link" href="https://www.pewresearch.org/social-trends/2023/12/14/older-workers-are-growing-in-number-and-earning-higher-wages/" target="_blank"> <u>Pew Research Center</u></a>, 19% of Americans aged 65 and older held some kind of paying gig in retirement in 2023. That’s nearly double the amount in 1987, Pew reports. Their earning power has grown, too: Senior workers earned an average of $22 an hour in 2022, against $13 an hour in 1987.</p><p>And research from<a data-analytics-id="inline-link" href="https://news.northwesternmutual.com/2024-10-29-Nearly-60-percent-of-future-retirees-think-they-will-need-a-paycheck-in-retirement-thats-as-big-or-bigger-than-what-they-receive-today-to-live-comfortably" target="_blank"> <u>Northwestern Mutual</u></a> reveals that around 60% of future retirees expect to need a monthly income that's the same or more as their current monthly income to retire comfortably. That’s mainly because they have insufficient retirement savings, the study notes.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><p>But retirement and finance experts say these trends are positive ones for retirees, and for multiple reasons.</p><p>“Working in retirement can be hugely beneficial, both financially and psychologically,” says Ilir Salihi, founder and senior editor at <a data-analytics-id="inline-link" href="https://incomeinsider.org/" target="_blank">Income Insider.</a> “Many retirees, like my parents, find that complete leisure gets to be too boring after the initial honeymoon period, and part-time work or <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/happy-retirement/the-surprising-way-retirees-could-slow-the-aging-process">volunteering</a> provides structure, social interaction and intellectual stimulation.”</p><p>From a financial point of view, even modest income around the minimum wage can significantly extend retirement savings' longevity. “That could delay the need for larger portfolio withdrawals during downturns,” Salihi notes.</p><h2 id="getting-ready-to-work-in-retirement-2">Getting ready to work in retirement</h2><p>U.S. seniors looking to get back into the working world should first take a reality check and then develop a strategy that makes sense for them.</p><p>“Before a retiree can decide to work or not after leaving their day job, they have to figure out what they want from the bigger picture,” says <a data-analytics-id="inline-link" href="https://www.maryleegannon.com/" target="_blank">Mary Lee Gannon</a>, a Pittsburgh, Pennsylvania-based executive coach who specializes in working with older career professionals. “That takes planning — and not just financial — as seniors reorient themselves to a new way of spending their time.”<br><br>If supplementing your retirement income is your highest priority, you should consider the roles that can generate the best pay. In general, the highest-paying side gigs for retirees are those that leverage your professional background, such as serving as a board member or corporate director, or being an instructor or guest speaker/lecturer.</p><p>Jordan Mangaliman, owner and adviser at <a data-analytics-id="inline-link" href="https://goldlinewealthmanagement.com/" target="_blank">Goldline Wealth Management</a> in Fullerton, California, says: “Any of the above would be a great way to earn extra income while monetizing… expertise.”<br><br>There’s one caveat, and it’s a big one. Mangaliman points out that there are tax considerations for retirees working part-time, particularly regarding <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/602606/social-security-earnings-tests-4-things-you-must-know">Social Security</a>.</p><p>For retirees who have not yet reached <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/603439/whats-my-social-security-full-retirement-age">full retirement age</a>, and whose income is more than $23,400, $1 is withheld for every $2 earned, he warns, adding: "Your part-time income also counts towards <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/before-claiming-social-security-determine-income-plan">provisional income</a>, which may make more of your Social Security taxable.”</p><p>While full retirement age depends on the year you were born, it's 67 for everyone born after 1960.</p><h2 id="the-seven-top-paying-gigs-for-u-s-retirees-2">The seven top-paying gigs for U.S. retirees</h2><p>With those important considerations in mind, the next phase of planning is deciding which role would best suit your talents and experience. Here are seven high-paying roles, in order of highest to lowest hourly income:</p><h2 id="1-business-and-executive-coaching-2">1. Business and executive coaching</h2><p><em>Pay range: </em><a data-analytics-id="inline-link" href="https://www.indeed.com/career/executive-coach/salaries" target="_blank" rel="nofollow"><em>$100-$200 an hour</em></a><em>.</em></p><p>Retirees with specific corporate experience in talent acquisition and management, or in human resources management, can set themselves up as executive coaches.</p><p>“The best-paying side-gigs are professional service-related because there’s no overhead and you’re likely already an expert in a popular career field." Gannon says. “You can coach in your area of expertise and be in demand because most organizations don't have someone on staff with your niche knowledge. You can also be a trainer in corporate America in a specific area of expertise.”</p><p>Retirees can also create an online platform for coaching where individuals subscribe to content or pay for your services on a monthly or quarterly basis.</p><p>Gannon is living proof of how this can work. An ex-CEO, at age 64, she’s now an executive coach for people in their 50s and 60s, many of them in retirement. “I do this as a side gig,” she says.</p><h2 id="2-data-recovery-services-it-consulting-2">2. Data recovery services/IT consulting</h2><p><em>Pay range: </em><a data-analytics-id="inline-link" href="https://www.ziprecruiter.com/Salaries/Data-Recovery-Specialist-Salary" target="_blank" rel="nofollow"><em>$30-$40 per hour on the low end</em></a><em>, $100-$200 an hour for higher-level gigs.</em></p><p>Chongwei Chen, president and CEO at <a data-analytics-id="inline-link" href="https://www.datanumen.com/" target="_blank">DataNumen, Inc.</a>, a data recovery technologies company in Sheridan, Wyoming, said he’s seeing a big demand for freelance data recovery services.</p><p>“I've seen retirees with technical skills successfully offer data recovery services to local businesses and individuals for up to $200 an hour,” Chen says. “We’re also seeing a big demand for technology consulting, which could appeal to retired IT professionals who can offer specialized consulting in data recovery, cybersecurity or system optimization. Many small businesses desperately need this expertise and will pay up to $150 per hour to get it.”</p><h2 id="3-other-professional-consulting-2">3. Other professional consulting</h2><p><em>Pay range: </em><a data-analytics-id="inline-link" href="https://www.thumbtack.com/p/small-business-consulting-fees" target="_blank" rel="nofollow"><em>$100+ an hour.</em></a></p><p>Consulting can be extremely profitable for experienced professionals in retirement.</p><p>“My dad was a tax attorney and during tax season could easily pull in $10,000 to $20,000 for seasonal work during retirement,” Salihi says. "I know of a retired real estate agent who still gets $150 per showing if they want to take on a one-off listing."</p><h2 id="4-freelance-writing-2">4. Freelance writing</h2><p><em>Pay range: </em><a data-analytics-id="inline-link" href="https://www.indeed.com/cmp/Freelancer.com/salaries/Freelance-Writer?period=HOURLY" target="_blank" rel="nofollow"><em>$22 to $74 an hour, depending on experience and subject matter</em></a><em>.</em></p><p>While <a data-analytics-id="inline-link" href="https://www.kiplinger.com/business/what-is-ai-artificial-intelligence-101">artificial intelligence</a> is an emerging threat to professional writers, businesses, professional organizations and the media still value human-generated content.</p><p>Jeremy Merchant is co-owner at <a data-analytics-id="inline-link" href="https://www.madmangomarketing.com/" target="_blank">Mad Mango Marketing</a>, an SEO agency in St. Petersburg, Florida, that relies heavily on blogs written by experts. Merchant says his best writers are often retirees looking to make good money, simply recapping their knowledge from decades of specific industry experience.</p><p>“Seniors looking to find this type of work should try reaching out to SEO agencies online or on freelance writing job sites, in particular, to find a need for quality writing with decent pay per hour,” Merchant advises.</p><h2 id="5-bookkeeping-financial-services-2">5. Bookkeeping/Financial services</h2><p><em>Pay range: </em><a data-analytics-id="inline-link" href="https://www.ziprecruiter.com/Salaries/Bookkeeping-Specialist-Salary" target="_blank" rel="nofollow"><em>$25-$50 an hour</em></a><em>.</em></p><p>AI is chewing into back-office functions, too, but companies still need humans with an understanding of business finances to pitch in as bookkeepers or financial data management specialists. “These financial professionals are always in demand, especially for small businesses,” Chen says.</p><h2 id="6-online-selling-2">6. Online selling</h2><p><em>Pay range: $25-$50 an hour.</em></p><p>Sales jobs will prioritize the ‘hustle’ side of ‘<a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/happy-retirement/best-side-hustles-for-retirees">side hustle</a>,’ but if you have a particular set of sales skills or in-depth knowledge of a product, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/happy-retirement/how-a-part-time-job-in-retirement-can-boost-your-social-life">working part-time in retirement</a> as an online seller can generate a decent amount of cash.</p><p>E-commerce is projected to be a<a data-analytics-id="inline-link" href="https://www.invespcro.com/blog/online-retail-statistics-and-trends/#:~:text=%247.4%20Trillion%20Projected%20Global%20Ecommerce,will%20come%20from%20e%2Dcommerce."> $7.4 trillion industry in 2025</a>, and established platforms, such as Amazon, eBay and Etsy, offer a good entry point if you're keen on selling handmade arts and crafts or wholesale merchandise.</p><p>If you know how to work with trusted suppliers and can build a robust brand, online selling could enable you to add a decent amount to your household budget in retirement, without leaving your home.</p><h2 id="7-teaching-and-tutoring-2">7. Teaching and tutoring</h2><p><em>Pay range: </em><a data-analytics-id="inline-link" href="https://www.indeed.com/career/tutor/salaries" target="_blank" rel="nofollow"><em>$26 an hour</em></a><em>.</em><br><strong></strong><br>Teaching and tutoring are among the best gigs for retirees. Many younger workers can't take teaching jobs that conflict with their 9-5 hours, or because they're busy with their young children in the evening and at weekends.</p><p>“Retirees tend to have grown children and plenty of time to set their own schedule,” says Ian Gardner, director of sales and business development at <a data-analytics-id="inline-link" href="https://sigmataxpro.com" target="_blank">Sigma Tax Pro</a> in Delray Beach, Florida.</p><p>“Parents trust the wisdom that comes with age, and if you're an educational expert on any subject, you can likely find an opportunity to teach it, whether in-person or online.” The average salary for a tutor is $26 an hour, according to <a data-analytics-id="inline-link" href="https://www.indeed.com/career/tutor/salaries" target="_blank">Indeed</a>.</p><p>If you’re a retiree with no teaching expertise, however, a good option could be teaching English as a second language (ESL) online. “While the rates are lower than high-end teaching gigs, they're well above minimum wage, and teachers can make more money the longer they work, particularly if they find their own clients and teach specific types of ESL, like business English,” Gardner says.</p><h2 id="the-best-laid-plans-lead-to-the-best-paid-gigs-2">The best-laid plans lead to the best-paid gigs</h2><p>Once you've identified your motivation for going back to work in retirement — and what compensation you need to make it all worthwhile — then comes the process of actually <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/work-life-balance/winning-moves-to-land-a-job-after-50">finding work</a>. And it's not much different than when you looked for work during your career.</p><p>“To find the best-paying retirement side gigs, leverage your professional network,” Salihi advises. “Former colleagues often need temporary help or at least know of other opportunities, and LinkedIn remains invaluable for keeping in touch with old colleagues and employers who could point you in the right direction.”</p><p>If those options don't work, consider local Facebook groups. “Those tend to have higher success rates for gig work than national job platforms,” he adds.</p><p>Retirees should highlight particular workplace expertise and availability.</p><p>“That includes updating your LinkedIn profile to reflect that you are currently available for work, especially professional work like consulting, and to leverage referrals from people you already know who can open doors for you,” Mangaliman says.</p><p>Excellent places to search for jobs are local chambers of commerce, professional associations, FlexJobs, Retired Brains, Workforce 50 and the AARP Job Board, he adds.</p><p>Even more importantly, remember that, as a seasoned professional, you bring a lot to the table — and smart companies know that.</p><p>“Companies worldwide are calling on retirees to take on work on a project-by-project basis,” says Dan Zautis, a director at global talent firm <a data-analytics-id="inline-link" href="https://www.kornferry.com/" target="_blank">Korn Ferry</a>. “It's the strengths retirees provide that are in demand, from their meaningful career experiences and leadership skills, to their flexibility in the workplace.”</p><p>Companies also appreciate that most retirees don’t want to work full-time and, along with the passion that they bring to the business, "that's a plus," he says.</p><h3 class="article-body__section" id="section-related-content"><span>Related content</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/602951/great-jobs-for-retirees">Best Jobs for Retirees</a></li><li><a href="https://www.kiplinger.com/retirement/happy-retirement/is-a-working-retirement-the-key-to-happiness-for-men">Is a 'Working Retirement' the Key to Happiness for Men?</a></li><li><a href="https://www.kiplinger.com/retirement/happy-retirement/monetizing-a-hobby-in-retirement-the-benefits-and-pitfalls">Monetizing a Hobby in Retirement: The Benefits and Pitfalls</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/retirement/happy-retirement/the-best-paying-side-gigs-for-retirees</link>
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<![CDATA[ If you're worried you won't have enough saved for a comfortable retirement, or that life after work will be boring, these well-paid roles could be the answer. ]]>
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<pubDate>Wed, 17 Sep 2025 13:30:00 +0000</pubDate> <category><![CDATA[Happy Retirement]]></category>
<category><![CDATA[Career Paths]]></category>
<category><![CDATA[Retirement]]></category>
<category><![CDATA[Personal Finance]]></category>
<category><![CDATA[Careers]]></category>
<author><![CDATA[ brianoco101@gmail.com (Brian O'Connell) ]]></author> <dc:creator><![CDATA[ Brian O'Connell ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/wUAYsoa3NqkYDVoPpEtVgG-1280-80.jpg">
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<title><![CDATA[ $40,000 CD vs. $40,000 High-Yield Savings Account: 3 Things Savers Should Consider Now ]]></title>
<dc:content><![CDATA[ <p>In the midst of the hoopla surrounding a rate cut, it doesn't diminish the fact that some savings options are still excellent choices to consider. APYs on all savings products will likely dip slightly following the Fed's decision to cut the federal funds rate, but it doesn't mean you can't earn a good return.</p><p>If you're sitting on $40,000 and want a risk-free way to grow your money, CDs and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/best-high-yield-savings-accounts">high-yield savings accounts</a> are smart options to consider. Both offer you guaranteed returns thanks to FDIC protection up to $250,000.</p><p>With these things in mind, here's how much you can earn by saving $40,000 with each account. I also cover the three things you should consider before setting up an account, and which option works best for different risk profiles.</p><h2 id="how-much-can-you-earn-with-a-40-000-deposit-2">How much can you earn with a $40,000 deposit?</h2><p>Let's start with why so many savers turn to these two options: They generate a healthy return effortlessly. If you were to open a high-yield savings account with one of our top choices, <a data-analytics-id="inline-link" href="https://www.bankrate.com/landing/kiplinger/best-high-yield-savings-options/?mf_ct_campaign=kiplinger-newtek-hysa-lp&product-name=Newtek+Bank&sub-id=kiplinger-us-4789391788107534334" target="_blank" rel="nofollow">Newtek Bank</a>, you would earn a 4.35% APY.</p><p>Now, that's sure to drop in the near future if the Fed starts cutting rates. However, even with a slight dip, you'll still outpace inflation. And if you store $40,000 in this account, here's how much you can earn in interest with the 4.35% APY:</p><ul><li>1 year: $1,750</li><li>2 years: $3,559.69</li><li>3 years: $5,450.36</li><li>4 years: $7,427.25</li><li>5 years: $9,490.55</li></ul><p>Therefore, you can earn almost $9,500 effortlessly by parking your money in a high-yield savings account for five years. If Newtek Bank isn't the right choice for you, you can use this Bankrate tool to find savings options that align with your needs:</p><p>Now, let's turn our attention to CDs. The <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/best-cd-rates">best CD rates</a> are usually short-term, think six months to a year. You can also earn a robust return on long-term CDs. <a data-analytics-id="inline-link" href="https://www.lfcu.org/rates/personal-certificate-rates/" target="_blank" rel="nofollow">Lafayette Federal Credit Union</a> offers a five-year CD with a 4.28% APY.</p><p>If you put $40,000 in a five-year CD with Lafayette, you could earn $9,324.77 in interest for doing nothing. It isn't as much as you would earn with a high-yield savings account on the surface, but CDs also have another perk we'll discuss in a minute.</p><p>If you don't want to lock in a long-term CD, you can shop for the best options using this Bankrate tool.</p><p>Before signing up for either account, here are three things smart savers should know.</p><h2 id="1-apys-will-change-2">1. APYs will change</h2><p>With the Federal Reserve potentially cutting interest rates, it lowers the returns you'll earn on a CD or high-yield savings account. The difference is that with a CD, you can lock in your rate now and maintain it through the term. CDs feature fixed interest rates, so if the Fed cuts rates again in the future, locking one in now maximizes your returns.</p><p>Meanwhile, high-yield savings accounts feature variable interest rates. It means if the Fed follows with another rate cut, it will lower how much you can earn.</p><p>APYs are not the only thing to consider when choosing between these accounts. Another option concerns how comfortable you are with not having access to your cash.</p><h2 id="2-do-you-need-liquidity-2">2. Do you need liquidity?</h2><p>Typically, my savings strategy involves keeping my emergency fund in a high-yield savings account. That way, if an emergency arises, I can transfer funds and have quick access to my money.</p><p>CDs don't share that same luxury. The term you lock in the bank expects you to fulfill. I use CDs for short-term savings goals because they can keep you on track since you can't withdraw your money without a penalty.</p><p>If you haven't used CDs before, here's what I recommend: Start by tucking some money away in a short-term one, think three to six months. Doing so allows you to maximize returns while rates are still high and you'll have quick access back to your cash.</p><p>Another option is to consider a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/best-no-penalty-cd-rates">no-penalty CD</a>. As its name implies, you can withdraw money once you reach the vesting period. Depending on the bank, it is usually one week to one month after you open it.</p><h2 id="3-how-long-are-your-savings-goals-2">3. How long are your savings goals?</h2><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:3200px;"><p class="vanilla-image-block" style="padding-top:56.25%;"><img id="Am7aqJWZLzKXr3rEVuYoaD" name="older couple tablet GettyImages-1404227614" alt="An older couple look at a tablet together while sitting on their sofa." src="https://cdn.mos.cms.futurecdn.net/Am7aqJWZLzKXr3rEVuYoaD.jpg" mos="" align="middle" fullscreen="" width="3200" height="1800" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><p>Another key consideration is how long you want to store your money in one of these accounts. With high-yield savings accounts, you're free to make changes anytime you need to, whether it's one month or 10 years into the future.</p><p>That's a nice perk to have, as you can pivot to other strategies fast. The same doesn't apply to CDs.</p><p>Unless you choose a no-penalty CD, you're locked into your term. The good news is you don't have to worry about your rates changing, but you're also sacrificing access to that money until your term expires.</p><p>Say you lock in a five-year CD, but in year three want to move more of your money to an investment account. With a CD, you can do so, but breaking it open requires months of interest earned in penalty fees, losing you money in the process.</p><p>Therefore, pay close attention to your savings goals and ensure the account you choose meets them.</p><h2 id="what-s-the-best-savings-strategy-for-me-2">What's the best savings strategy for me?</h2><p>It depends on your needs and savings goals. This table breaks down how each account differs:</p><div ><table><caption>Which is right for me?</caption><thead><tr><th class="firstcol " ><p>Factor</p></th><th ><p>High-Yield Savings</p></th><th ><p>CD</p></th></tr></thead><tbody><tr><td class="firstcol " ><p><strong>Flexibility</strong></p></td><td ><p>✅ High</p></td><td ><p>❌ Low</p></td></tr><tr><td class="firstcol " ><p><strong>Higher guaranteed rate</strong></p></td><td ><p>❌ No, because rates are variable</p></td><td ><p>✅ Yes (fixed rates)</p></td></tr><tr><td class="firstcol " ><p><strong>Early access</strong></p></td><td ><p>✅ Yes</p></td><td ><p>❌ Penalty applies</p></td></tr><tr><td class="firstcol " ><p><strong>Good for long-term</strong></p></td><td ><p>❌ Not ideal due to fluctuating rates</p></td><td ><p>✅ Yes, if you won’t need the cash</p></td></tr></tbody></table></div><p>High-yield savings accounts are for short-term savers who want to build an emergency fund or need quick access to their cash. CDs work best for established savers looking to park a chunk of their money and forget about it until the term expires.</p><p>In either case, both of these accounts can help you reach your savings goals. The key is paying attention to your savings needs and choosing the right account to match them. Doing so helps you outpace inflation while earning a robust return.</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/savings-accounts/cd-strategy-for-50000-before-rate-cuts">I’ve Got $50,000 Burning A Hole in My Pocket. Where Do I Park It Amid Rate Cuts So I Don’t Lose Ground?</a></li><li><a href="https://www.kiplinger.com/personal-finance/savings-accounts/do-long-term-cds-make-sense-amid-rising-inflation">You'll Kick Yourself in the Fall if You Don't Make This Savings Move Now</a></li><li><a href="https://www.kiplinger.com/personal-finance/savings-accounts/are-high-yield-savings-accounts-still-outpacing-inflation">Are High-Yield Savings Accounts Still Outpacing Inflation?</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/personal-finance/savings-accounts/40k-cd-vs-high-yield-savings</link>
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<![CDATA[ Both options offer risk-free methods to grow your savings. Learn how much you can earn with each, how they differ and which one suits you best. ]]>
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<pubDate>Wed, 17 Sep 2025 10:23:00 +0000</pubDate> <category><![CDATA[Savings Accounts]]></category>
<category><![CDATA[How To Save Money]]></category>
<category><![CDATA[Personal Finance]]></category>
<category><![CDATA[Banking]]></category>
<category><![CDATA[Savings]]></category>
<dc:creator><![CDATA[ Sean Jackson ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/j2H7ADx9gUk2Nd4jtgajg4-1280-80.jpg">
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<title><![CDATA[ I'm 51 and My Portfolio Is Up. I'm Planning to Retire at 60 and Want to Start Moving out of Stocks. Is That Smart? ]]></title>
<dc:content><![CDATA[ <p><strong>Question</strong>: I'm 51 and my portfolio is up. I'm planning to retire in nine years, at <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/want-to-retire-at-60-see-if-you-can-answer-these-questions">the age of 60</a>, so I want to start moving out of stocks to lower my portfolio risk. Is that smart?</p><p><strong>Answer</strong>: In the years leading up to retirement, it’s common to start rethinking your investment strategy. And part of that could mean shifting into assets that are less volatile.</p><p>But how soon is too soon?</p><p>If you’re 51 years old and are looking at gains in your portfolio, which may be the case based on the market’s performance this year, you may be eager to capture some of those gains and unload some risk, even if you don’t intend to retire for another nine years.</p><p>But will dumping stocks at 51 derail your finances long-term? With the right approach, maybe not.</p><h2 id="assess-your-personal-situation-2">Assess your personal situation</h2><p>It’s certainly not a bad idea to reallocate assets well ahead of retirement. But the decisions you make should hinge on variables that are specific to you.</p><p><a data-analytics-id="inline-link" href="https://www.sparkwealthadvisors.com/author/jake-skelhorn" target="_blank"><u>Jake Skelhorn</u></a>, CFP at Spark Wealth Advisors, LLC, says, “On the surface, it’s generally not a bad idea to start shifting some money to more conservative assets like bonds as you get within 10 years of retirement.”</p><p>However, he says, there are other factors that should influence your decision. These include how much you’ve saved for retirement already, how large a nest egg you anticipate needing, and what your capacity for risk is.</p><p>“For example,” he says, “if all you need is a conservative 4% to 5% rate of return for the next nine years to reach your retirement number, it may be prudent to start allocating to bonds now. On the other hand, if a 7% to 8% rate of return is required, then you might stay all in stocks until about three to five years out for a better chance of hitting your goal, assuming you’re comfortable with the potential risks.”</p><h2 id="think-about-your-income-needs-2">Think about your income needs</h2><p>It’s a common strategy to shift away from stocks in the lead-up to retirement. Rather than focus on whether you’re doing that “too soon” or not, Skelhorn recommends thinking about how many years of expenses you’re looking to cover with non-stock assets.</p><p>“When building retirement plans and portfolios that support them for my clients, I prefer to communicate their bond allocation as ‘years of expenses’ rather than a percentage of their portfolio,” he explains.</p><p>“If someone has a $2 million portfolio, needs to withdraw $100,000 per year for living expenses, and is comfortable with five years’ worth in bonds to fall back on during the next market downturn, then their overall allocation would be approximately 75% equities, 25% bonds.”</p><p>Of course, you may prefer to have more than five years’ worth of expenses covered by the bond portion of your portfolio. That’s okay, too, Skelhorn says.</p><p>“Everyone’s situation is different,” he insists. “Some are more risk-averse and would sleep better with six to eight years in bonds. Some are okay with three years. It just depends.”</p><p>That said, Skelhorn cautions that erring too much on the side of caution could cause your portfolio to lose to inflation.</p><p>“Over a decades-long retirement, it’s crucial to protect purchasing power — especially for <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/average-cost-of-health-care-by-age">health care costs,</a> which tend to rise faster than general inflation,” he says. For this reason, a healthy allocation is key, and it’s important not to get too aggressive unloading stocks ahead of retirement.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><h2 id="consider-alternative-assets-2">Consider alternative assets</h2><p>Retirement savers tend to divide their portfolios into a few distinct buckets — stocks, bonds, and cash. But <a data-analytics-id="inline-link" href="https://www.madisontrust.com/daniel-gleich/" target="_blank"><u>Daniel Gleich</u></a>, CEO & President at Madison Trust Company, thinks that if you’re going to start moving away from stocks ahead of retirement, it’s a good idea to look at alternative assets.</p><p>“The consideration [to scale back on stocks] isn’t just about age, but also risk tolerance, income needs, and overall retirement goals,” he says. “However, there is no one-size-fits-all percentage for how much of a portfolio should be invested in stocks. That’s why some investors explore diversification strategies beyond the standard mix of stocks and bonds.”</p><p>As Gleich explains, investors can reduce dependence on stock market performance alone by investing in alternative assets such as real estate and precious metals.</p><p>Gold, for example, has long been considered a good inflation hedge due to its tendency to hold its value over time. The danger of scaling back on stocks is ending up with a portfolio that lags behind inflation, but <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/commodities/gold">gold and precious metals</a> could help mitigate that risk.</p><p>Ultimately, says Gleich, reducing stock exposure well ahead of retirement isn’t necessarily a poor choice, especially if you’ve crunched the numbers and/or can work with a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/how-to-find-a-financial-adviser-for-retirement-planning">financial adviser</a> to make sure that decision doesn’t derail any of your goals.</p><p>The key, he says, is to ensure that your savings can both last and keep pace with rising costs. And you may be able to pull that off without a problem, even if your portfolio is a lot less stock-heavy than it is today. If that’s what enables you to sleep better at night, there’s nothing wrong with that.</p><h3 class="article-body__section" id="section-read-more"><span>Read More</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/retirement-income-strategies-for-the-long-haul">Retirement Income Strategies for the Long Haul</a></li><li><a href="https://www.kiplinger.com/investing/i-want-to-retire-next-year-should-i-keep-my-money-in-the-stock-and-bond-markets">I Want to Retire Next Year. Should I Keep My Money In the Stock and Bond Markets?</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/the-120-minus-you-rule-of-retirement">The '120 Minus You Rule' of Retirement</a></li><li><a href="https://www.kiplinger.com/retirement/how-to-retire-early-by-50">How to Retire at 50 or 55</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/retirement/retirement-planning/im-51-and-my-portfolio-is-up-im-planning-to-retire-at-60-and-want-to-start-moving-out-of-stocks-is-that-smart</link>
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<![CDATA[ We ask financial experts for advice. ]]>
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<pubDate>Wed, 17 Sep 2025 10:06:00 +0000</pubDate> <category><![CDATA[Retirement Planning]]></category>
<category><![CDATA[Retirement]]></category>
<dc:creator><![CDATA[ Maurie Backman ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/gLPPpeLBxgyeKKcXrRNjTS-1280-80.jpg">
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<title><![CDATA[ Gray Divorce Can Throw Your Retirement a Curveball: What to Know ]]></title>
<dc:content><![CDATA[ <p>More and more, couples are splitting up after or near retirement. However, when a couple divorces, it isn't as simple as, "You go your way, and I'll go mine." This is especially true when a decades-long union ends.</p><p>The <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/602589/gray-divorce-rates-are-exploding-due-to-this-perfect-storm">divorce rate</a> among adults 65 and older is rising, even as the national rate of divorce had declined slightly. These later-in-life divorces are often called "gray divorce."</p><p>Adults 65 and older represent the only age group with an <a data-analytics-id="inline-link" href="https://academic.oup.com/psychsocgerontology/article/77/9/1710/6564346">increasing</a> divorce rate. Later in life, couples may realize they have grown apart and have differing views of what retirement looks like that may <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/what-drives-gray-divorce">lead to divorce</a>.</p><p><em>Kiplinger's Adviser Intel, formerly known as Building Wealth, is a curated network of trusted financial professionals who share expert insights on wealth building and preservation. Contributors, including fiduciary financial planners, wealth managers, CEOs and attorneys, provide actionable advice about retirement planning, estate planning, tax strategies and more. Experts are invited to contribute and do not pay to be included, so you can trust their advice is honest and valuable.</em></p><p>With couples typically preparing for retirement as a unit, gray divorce presents unique financial challenges. The couple isn't the only thing splitting up. The <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/how-finances-are-split-in-a-gray-divorce">assets must be divided up</a>, too.</p><h2 id="risk-of-depleting-retirement-assets-2">Risk of depleting retirement assets</h2><p>When a couple is <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning">planning for retirement</a> together, they are assuming they will share many costs of living, such as housing.</p><p>But, after a divorce, those costs can increase greatly to fund two separate lives. That can leave divorced retirees at risk of depleting their retirement assets faster than anticipated.</p><p>What makes gray divorce even trickier is that the individuals don't have the time to rebuild retirement savings on their own.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><p>What's more, among Americans who have gone through divorce, 2 in 5 (40%) said it derailed their financial retirement strategy in the <a data-analytics-id="inline-link" href="https://www.allianzlife.com/about/newsroom/2025-Press-Releases/Gray-Divorce-Trend-Threatens-Retirement-Security" target="_blank">2025 Annual Retirement Study</a>* from the Allianz Center for the Future of Retirement, part of Allianz Life Insurance Co. of North America (Allianz Life). Rebuilding a financial retirement strategy can be a tough task.</p><p>A divorce later in life could mean needing to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/americans-are-retiring-later">delay retirement</a> to accumulate more savings and to consider additional risk-management strategies to ensure that funds can last a lifetime.</p><p>About 1 in 3 divorced Americans (34%) said getting a divorce set their retirement plans back. And the majority of divorced Americans (54%) said that they have substantially more financial responsibilities after their divorce.</p><h2 id="your-retirement-assets-don-t-belong-to-you-2">Your retirement assets don't belong to you</h2><p>You may think that because an account is in a person's name, they alone have access to it and will retain it after the divorce. This is especially important for retirement savings accounts.</p><p>Anything acquired during the marriage is usually considered <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/603067/the-danger-with-commingled-assets-in-a-divorce">marital property</a>, no matter which spouse owns it or how it is titled. This can be especially important for retirement savings.</p><p>Some retirement savings plans require specific actions in order to establish legal rights to the funds. A <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/saving/t065-c032-s014-qdro-critical-letters-in-a-divorce-case.html">qualified domestic relations order</a> is required when dealing with qualified retirement plan funds, such as a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/retirement/t001-c000-s003-what-is-a-401-k-retirement-savings-plan.html">401(k)</a> or a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retiring-with-a-pension-what-to-know">pension</a>, in a divorce.</p><p>This can establish the legal right to receive a designated percentage or dollar amount of an ex-spouse's qualified plan account balance or benefit payments.</p><p>These orders apply only to tax-qualified plans and do not apply to military or government pensions.</p><p>Meanwhile, individual retirement accounts <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/601321/tricky-divorce-issue-how-to-divide-401ks-iras-and-annuities">(IRAs) can be fairly simple to divide during a divorce</a>. But the difficult part is determining how to split up accumulated retirement savings and investments.</p><p>Transferring funds from an IRA can create a tax bill down the road, so it is important to consult with a tax and/or legal professional about how best to divide the funds.</p><h2 id="social-security-benefits-after-divorce-2">Social Security benefits after divorce</h2><p>Social Security benefits are a cornerstone of retirement strategy. When a couple divorces, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/how-gray-divorce-affects-social-security-benefits">Social Security benefits</a> are not divided. But an ex-spouse can <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/602786/yes-you-can-collect-social-security-from-an-ex-spouse-heres-how">claim spousal benefits</a> through the Social Security Administration.</p><p>Most couples have a higher wage earner and a lower wage earner. One spouse may have opted out or reduced their time working during their marriage. This results in lower lifetime earnings and lower benefits through Social Security.</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Adviser Intel</strong></em></a><em><strong> (formerly known as Building Wealth), our free, twice-weekly newsletter.</strong></em></p><p>An ex-spouse with a lower Social Security benefit can file to receive benefits based on either their own work record or their former spouse's work record.</p><p>The claiming ex-spouse would receive benefits based on whichever benefit is greater but cannot claim both.</p><p>There are requirements to be eligible for spousal benefits, including having been married for at least 10 years.</p><p>A tax and/or legal professional can help determine whether you are eligible for spousal benefits and how they would fit into a retirement strategy.</p><h2 id="a-simple-rule-for-marital-assets-2">A simple rule for marital assets</h2><p>It's not romantic, but there are some ways to help ease a divorce by documenting assets while still married. A simple rule for marital assets is to categorize them as mine, yours and ours.</p><p>Documenting assets now or prior to considering a divorce can help ease unpleasant issues later — if you can agree on what is mine, yours and ours now.</p><p>You must also consider that rules vary among states, so get some legal help and advice when drafting your agreement and when you change state residency.</p><p>A gray divorce has the potential to derail a retirement strategy as assets are divided and the cost of living separately increases.</p><p>Proactive measures such as documenting assets and seeking legal and tax professional guidance can help address the risk of divorce later on.</p><p>With the increasing prevalence of gray divorce, securing your retirement requires careful preparation now so you are prepared for any changes later in life.</p><p><em>*</em> <em>Allianz Center for the Future of Retirement conducted an online survey, the 2025 Annual Retirement Study in January/February 2025 with a nationally representative sample of 1,000 respondents age 25+ in the contiguous U.S. with an annual household income of $50k+ (single) / $75k+ (married/partnered) OR investable assets of $150k+. The study also included an additional sample of respondents who identified as Divorced (166). </em></p><p><em>The Allianz Center for the Future for Retirement produces insights and research as a part of Allianz Life Insurance Company of North America.</em></p><p><em>This content is for general educational purposes only. It is not intended to provide fiduciary, tax or legal advice and cannot be used to avoid tax penalties or to promote, market or recommend any tax plan or arrangement. Please note that Allianz Life Insurance Co. of North America, its affiliated companies and their representatives and employees do not give fiduciary, tax or legal advice or advice related to Social Security or Medicare. Clients are encouraged to consult their tax adviser or attorney, or Social Security Administration (SSA) office, for their particular situation.</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/guide-to-embracing-retirement-preparedness">Ditch the Fear: A Guide to Embracing Retirement Preparedness</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/are-you-ready-for-a-gray-divorce-15-yes-or-no-questions">How Do You Know You Are Ready for a Gray Divorce? 15 Yes-or-No Questions</a></li><li><a href="https://www.kiplinger.com/retirement/why-gray-divorce-happens-and-ways-to-avoid-it">Why Gray Divorce Happens and Five Ways to Avoid It</a></li><li><a href="https://www.kiplinger.com/retirement/how-women-can-turn-a-gray-divorce-into-a-financial-win">How Women Can Turn a Gray Divorce Into a Financial Win</a></li><li><a href="https://www.kiplinger.com/retirement/how-to-embrace-personal-growth-after-a-gray-divorce">How to Embrace Personal Growth After a Gray Divorce</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content>
<link>https://www.kiplinger.com/retirement/retirement-planning/gray-divorce-and-retirement-what-to-know</link>
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<![CDATA[ If you're entering retirement and going through a divorce at the same time, you've got some work to do to shore up your long-term financial security. ]]>
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<pubDate>Wed, 17 Sep 2025 09:35:00 +0000</pubDate> <category><![CDATA[Retirement Planning]]></category>
<category><![CDATA[Wealth Creation]]></category>
<category><![CDATA[Retirement]]></category>
<category><![CDATA[Investing]]></category>
<category><![CDATA[Wealth Management]]></category>
<dc:creator><![CDATA[ Kelly LaVigne, J.D. ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/GDWuxfephir59ywuqLhDRS-1280-80.jpg">
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<title><![CDATA[ I'm a Real Estate Investing Expert: Optional 721 UPREIT DSTs Can Be the Best of Both Worlds ]]></title>
<dc:content><![CDATA[ <p><em>Editor's note: This is part two of a two-part series about forced Section 721 UPREIT conversions. </em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate-investing/the-risks-of-forced-dst-to-upreit-conversions"><em>Part one</em></a><em> raised concerns related to some new Delaware statutory trust offerings that force investors into 721 UPREIT conversions at the end of the hold period. </em></p><p>In part one of this series, I discussed the risks associated with forced Delaware statutory trust 721 UPREIT conversions.</p><p>These types of conversions make investors exchange their DST interest for <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/reits">REIT</a> operating partnership units, erasing the investor's option to choose whether or when to cash out or continue deferring taxes.</p><p>Now I will discuss the flip side of these forced conversions and describe why the fully optional UPREIT conversions are far superior and what investors should know before investing in any <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/real-estate-investing/721-upreit-dsts-the-hidden-risks">721 UPREIT exchange</a>.</p><h2 id="benefits-of-traditional-dsts-with-full-liquidation-options-2">Benefits of traditional DSTs with full liquidation options</h2><p>The traditional <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/how-to-use-dsts-and-1031-exchanges-for-diversification">Delaware statutory trust investments</a>, which don't involve an automatic UPREIT (umbrella partnership real estate investment trust), offer investors what many believe to be a more straightforward, investor-friendly exit path.</p><p><strong>1. Full-sale liquidity and investor control </strong></p><p>A classic DST has a defined business plan to sell the property outright after a holding period — typically about five to 10 years. When the DST goes full cycle and liquidates, investors receive cash proceeds from the sale of the real estate in proportion to their ownership.</p><p><em>Kiplinger's Adviser Intel, formerly known as Building Wealth, is a curated network of trusted financial professionals who share expert insights on wealth building and preservation. Contributors, including fiduciary financial planners, wealth managers, CEOs and attorneys, provide actionable advice about retirement planning, estate planning, tax strategies and more. Experts are invited to contribute and do not pay to be included, so you can trust their advice is honest and valuable.</em></p><p>This provides a clear potential liquidity event — you get paid out in cash rather than being locked into a new vehicle. At that point, you control your own destiny, including deciding what to do with the proceeds.</p><p>You might choose to reinvest into another like-kind property via a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/1031-exchange-rules-you-need-to-know">1031 exchange</a> to continue deferring taxes — this could be another DST or a regular piece of real estate you'd purchase on your own, or take the cash (and pay the applicable <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/capital-gains-tax/602224/capital-gains-tax-rates">capital gains tax</a>) if that better suits your needs.</p><p>This flexibility means you aren't obligated to stay invested if market conditions or your goals have changed.</p><p>In a traditional DST, the investor has the freedom at exit to either cash out completely or roll into a new investment — whichever makes the most sense for them. By contrast, a forced UPREIT gives you no such choice at liquidity.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_hEB3ir3W_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="hEB3ir3W"> <div id="botr_hEB3ir3W_a7GJFMMh_div"></div> </div> </div></div><p><strong>2. Tax-deferred exit via a 1031 exchange</strong></p><p>If continuing tax deferral is a priority, a traditional DST naturally accommodates a 1031 exchange at exit.</p><p>Upon the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/delaware-statutory-trust-dst-exit-strategies-what-happens-when-the-trust-sells">DST's sale</a>, you can execute another 1031 exchange into any other suitable replacement property (or another DST) on the market, preserving the uninterrupted tax deferral on your gains.</p><p>This benefit is the cornerstone of why many investors utilize DSTs in the first place — the DST structure qualifies as <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/1031-exchange-do-you-know-your-like-kind-options">like-kind property</a> under IRS rules, allowing a seamless 1031 exchange when the DST sells.</p><p>By rolling into a new property, you can keep deferring capital gains potentially indefinitely (or until you choose to cash out on your own terms).</p><p>Traditional DSTs keep the 1031 option open at each cycle, whereas a 721 UPREIT path forecloses it.</p><p>Additionally, with a traditional DST sale, you have the option not to exchange if, for example, you prefer to pay the tax and use the funds for other purposes, a valuable option that can be decided at the time of the sale.</p><p>In short, a standard DST offers maximum tax planning flexibility — you can evaluate the market and tax situation at the time of liquidation and decide whether to pursue another tax-deferred exchange.</p><p><strong>3. Simplicity and alignment of interests </strong></p><p>When a DST is designed to liquidate and distribute proceeds, the sponsor's interests are generally aligned with investors to maximize the sale value of the property and return profits.</p><p>The exit process is transparent — an open market sale of the real estate — with typically an independent buyer setting the price. There's no affiliated nontraded REIT transaction with complex and internally set pricing issues, as found in the forced 721 UPREIT DST investments.</p><p>For investors and committees, this straightforward outcome can be easier to underwrite and plan for. The DST ends, and investors walk away with any net cash proceeds and no strings attached.</p><p>This clear-cut result often suits investors who want control, clarity and the ability to reinvest on their own terms.</p><h2 id="optional-721-upreit-dsts-can-be-the-best-of-both-worlds-2">Optional 721 UPREIT DSTs can be the best of both worlds</h2><p>Investing in a DST that offers a voluntary or optional 721 exchange at exit can be a best of both worlds strategy. In these structures, the DST sponsor has a REIT vehicle or portfolio available that is well-suited for a REIT, but each investor can choose at the time of the DST's disposition whether to exchange into the REIT or not.</p><p><strong>Investor choice and flexibility. </strong>An optional <a data-analytics-id="inline-link" href="file:///C:/Users/Lisa%20Hitt/Desktop/721%20UPREIT%20DSTs:%20Real%20Estate%20Investing%20Expert%20Explores%20the%20Hidden%20Risks">UPREIT DST</a> preserves investor control of exit timing and strategy. Rather than being automatically rolled into the REIT (a forced 721), you are given the option to participate in the 721 exchange.</p><p>You decide whether converting your DST interest into REIT units is advantageous for your situation.</p><p>This allows you to assess the REIT's performance, portfolio quality, debt exposure and terms — along with current market conditions — before deciding whether to invest.</p><p>If conditions are favorable — say the REIT is well-managed and in a financially healthy position in terms of their dividend coverage and debt levels — you might opt in.</p><p>If not, you simply decline the UPREIT and proceed with a normal cash sale (and 1031 exchange if desired) as you would in a traditional DST.</p><p>This optionality is crucial as it provides flexibility to align the exchange with market conditions and your financial goals. Essentially, you retain control: The 721 exchange becomes a voluntary tool rather than a forced mandate.</p><p><strong>Timing benefit and downside protection. </strong>With an optional 721 structure, you're not locked into the REIT path if the timing isn't right. Real estate and financial markets are cyclical — by the end of a DST's hold period, interest rates, property values or the REIT's liquidity situation might differ significantly from the initial plan.</p><p>Having the choice to UPREIT or not provides a form of downside protection for individual investors.</p><p>For example, if the DST is ready to sell during a market downturn or if the REIT's redemption queues are backed up, you might prefer to take the sale proceeds and reinvest elsewhere rather than accept illiquid REIT units.</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Adviser Intel</strong></em></a><em><strong> (formerly known as Building Wealth), our free, twice-weekly newsletter.</strong></em></p><p>Conversely, if the REIT is performing strongly and market conditions favor holding a diversified portfolio, the 721 option is available as a convenience.</p><p>In other words, an optional UPREIT lets you time your entry into the REIT structure wisely or avoid it entirely. This flexibility can potentially improve investor outcomes by preventing unwanted entanglement in a vehicle that doesn't fit your needs.</p><p>By retaining the 1031 exit as a fallback, you can compare the benefits of joining the REIT vs using your proceeds for other opportunities.</p><p>The mere presence of an investor option often incentivizes sponsors to ensure the REIT option is attractive (since they must earn your participation), which further protects investors from being shunted into a subpar investment.</p><p><strong>Preservation of tax planning alternatives. </strong>In an optional 721 DST, if you choose not to contribute to the REIT, you still might receive the sale payout and can do a 1031 exchange into another property of your choice. This means the continuity of your tax deferral strategy remains under your control.</p><p>On the other hand, if you choose to UPREIT, it's because you've judged that the benefits (diversification, professional management, potential estate-planning advantages, etc.) outweigh the loss of immediate 1031 flexibility. The key is you decide based on your tax and investment objectives.</p><p>By having an optional UPREIT, you don't automatically forfeit the ability to structure your exchange or sale in a tax-efficient manner; you weigh that decision at the time of liquidity.</p><p>This is a far superior position to be in compared with a forced conversion, in which the path is set regardless of your personal tax situation or preferences.</p><h2 id="considerations-and-conclusion-2">Considerations and conclusion</h2><p>When taking all the above into consideration, many of our investors — in the last nearly two decades — have decided it's clear that forced DST-to-UPREIT conversions potentially introduce significant risks — including loss of investor control, illiquidity and redemption uncertainty, opaque valuations and constrained tax planning.</p><p>Not only can these factors negatively impact an investor's ability to manage their portfolio, but they can also open the door to potentially significant tax liabilities. Investors would be wise to favor DST strategies that either maintain a traditional full liquidation or at least offer a voluntary 721 UPREIT option.</p><p>Traditional DSTs provide a clear and controlled exit (with the ability to take cash or do a new 1031 exchange), aligning with investors' need for liquidity and flexibility.</p><p>Meanwhile, optional UPREIT DSTs can offer the potential benefits of an UPREIT (diversification and continued deferral under <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/defer-capital-gains-taxes-with-721-exchange">Section 721</a>) without sacrificing investor choice — you participate only if it makes sense for you.</p><p>By avoiding forced UPREIT provisions, investors preserve their autonomy and can make more optimal decisions at the time of sale or exchange.</p><p>We recommend conducting thorough due diligence on any DST's exit strategy before investing and leaning toward deal structures that prioritize investor optionality and transparency.</p><p>This approach will potentially help ensure that your 1031 exchange investment remains aligned with your financial objectives and that you're not unwittingly locked into and forced into a potentially unfavorable long-term vehicle.</p><p>It's important to clarify that forced 721 UPREIT DST programs are not inherently bad. Many are offered by well-established and reputable firms — some of which we've worked very closely with as a diversified piece for our large 1031 exchange clients.</p><p>However, investors must go in with eyes wide open and fully understand the structure and implications of a forced 721 UPREIT.</p><p>A critical step is thoroughly reviewing the final destination REIT's public SEC filings — specifically the <a data-analytics-id="inline-link" href="https://www.sec.gov/files/form10-q.pdf">10-Qs</a> (PDF) and <a data-analytics-id="inline-link" href="https://www.sec.gov/files/form10-k.pdf">10-Ks</a> (PDF) — to assess key factors such as dividend coverage, leverage ratios, debt maturities, exposure to floating rate debt and whether a <a data-analytics-id="inline-link" href="https://www.sec.gov/Archives/edgar/data/1541401/000119312512054370/d283407dex106.htm">tax protection agreement (TPA)</a> (PDF) is offered, and for how long.</p><p>At Kay Properties, our dedicated due diligence team continuously monitors these metrics, which is one of the reasons why thousands of clients from across the United States over the years have relied on us to help guide them through 1031 exchanges into DSTs and 721 UPREIT investments.</p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/how-to-use-dsts-and-1031-exchanges-for-diversification">How to Use DSTs and 1031 Exchanges for Diversification</a></li><li><a href="https://www.kiplinger.com/real-estate/real-estate-investing/721-upreit-dsts-the-hidden-risks">721 UPREIT DSTs: Real Estate Investing Expert Explores the Hidden Risks</a></li><li><a href="https://www.kiplinger.com/retirement/choosing-a-721-exchange-what-to-evaluate">Three Key Items to Evaluate When Choosing a 721 Exchange</a></li><li><a href="https://www.kiplinger.com/real-estate/deferring-taxes-with-a-721-exchange-pros-and-cons">721 Exchange to Defer Taxes: Pros and Cons</a></li><li><a href="https://www.kiplinger.com/retirement/considering-a-721-exchange-adopt-a-buyer-beware-mindset">Considering a 721 Exchange? Adopt a Buyer Beware Mindset</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content>
<link>https://www.kiplinger.com/real-estate/real-estate-investing/optional-721-upreit-dsts-can-be-the-best-of-both-worlds</link>
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<![CDATA[ Before investing in any 721 UPREIT exchange, look for one that offers a straightforward, investor-friendly exit. ]]>
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<pubDate>Wed, 17 Sep 2025 09:30:00 +0000</pubDate> <category><![CDATA[Real Estate Investing]]></category>
<category><![CDATA[Wealth Creation]]></category>
<category><![CDATA[Tax Planning]]></category>
<category><![CDATA[Real Estate]]></category>
<category><![CDATA[Investing]]></category>
<category><![CDATA[Wealth Management]]></category>
<category><![CDATA[Taxes]]></category>
<author><![CDATA[ dwightkay@kpi1031.com (Dwight Kay) ]]></author> <dc:creator><![CDATA[ Dwight Kay ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/dkgiN765TahCc48dRTfvpS-1280-80.jpg">
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<title><![CDATA[ Markets Are Quiet Ahead of Fed Day: Stock Market Today ]]></title>
<dc:content><![CDATA[ <p>The main U.S. equity indexes traded lower Tuesday but remained near all-time highs heading into the climactic second day of a much-anticipated Federal Open Market Committee meeting. Incoming data indicate the all-important American consumer is still healthy despite signs of weakness in the labor market.</p><p>The outcome is hardly in doubt – the target range for the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/what-is-the-federal-funds-rate"><u>federal funds rate</u></a> is headed lower from its current 4.25% to 4.50% – but it could be "one of the strangest in years," says Nick Timiraos of <a data-analytics-id="inline-link" href="https://www.wsj.com/economy/central-banking/fed-meeting-interest-rate-cut-2025-dc005f48?mod=hp_lead_pos2" target="_blank"><u>The Wall Street Journal</u></a>.</p><p>And the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/what-will-the-fed-do-at-its-next-meeting"><u>next Fed meeting</u></a> is well underway, with a decision due at 2 pm Eastern Standard Time and Fed Chair Jerome Powell's press conference to follow at 2:30 pm on Wednesday.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_TZ5u6hI1_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="TZ5u6hI1"> <div id="botr_TZ5u6hI1_a7GJFMMh_div"></div> </div> </div></div><p>"The meeting is unfolding during an extraordinary political moment," Timiraos explains, following "months of attacks from President Trump" about <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/interest-rates"><u>interest rates</u></a> as well as "parallel legal dramas that have cast doubt on who will attend the meeting."</p><p>Late Monday, the Senate confirmed Stephen Miran to replace former Fed Governor Adriana Kugler on the central bank's board. Miran, who said he would take an unpaid leave of absence from his position as the director of the Council of Economic Advisers upon confirmation, is present and voting at this FOMC meeting.</p><p>So too is Fed Governor Lisa Cook, whose position was secured, for now, by a decision of the U.S. Court of Appeals for the D.C. Circuit to uphold an injunction imposed by a lower court on President Trump preventing him from firing her. The White House said it would appeal the most recent ruling to the Supreme Court.</p><p>The probability of a rate cut is 100%, according to <a data-analytics-id="inline-link" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html" target="_blank"><u>CME FedWatch</u></a>, with the odds of a double, 50-basis-point move down to 3.9% from 5.0% as of Monday's closing bell and 7.0% a week ago.</p><p>Follow everything about the FOMC meeting on our <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/live/fed-meeting-live-updates-and-commentary-september-2025"><u>live Fed blog</u></a>. And be sure to take our <a data-analytics-id="inline-link" href="https://www.kiplinger.com/puzzles/quizzes/quiz-how-well-do-you-know-the-fed"><u>Fed quiz</u></a> before tomorrow's big decision.</p><p>At the closing bell on Fed Day Eve, the tech-heavy <strong>Nasdaq Composite</strong> was off 0.1% at 22,334, the broad-based <strong>S&P 500</strong> had slipped 0.1% to 6,066, and the blue-chip <strong>Dow Jones Industrial Average</strong> was down 0.3% to 45,757.</p><div class="tradingview-widget-container"> <div class="tradingview-widget-container__widget"></div> <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-market-overview.js" async>{"source":"marketOverview","id":"ebc268ae-5ca5-40d4-a4c8-fd2fcb86d61b","colorTheme":"light","dateRange":"12M","showChart":true,"locale":"en","largeChartUrl":"","isTransparent":false,"showSymbolLogo":true,"showFloatingTooltip":false,"width":"400","height":"550","plotLineColorGrowing":"rgba(41, 98, 255, 1)","plotLineColorFalling":"rgba(41, 98, 255, 1)","gridLineColor":"rgba(240, 243, 250, 0)","scaleFontColor":"rgba(19, 23, 34, 1)","belowLineFillColorGrowing":"rgba(41, 98, 255, 0.12)","belowLineFillColorFalling":"rgba(41, 98, 255, 0.12)","belowLineFillColorGrowingBottom":"rgba(41, 98, 255, 0)","belowLineFillColorFallingBottom":"rgba(41, 98, 255, 0)","symbolActiveColor":"rgba(41, 98, 255, 0.12)","tabs":[{"title":"Indices","originalTitle":"Indices","symbols":[{"d":"S&P 500 Index","s":"FOREXCOM:SPXUSD"},{"d":"Dow Jones Industrial Average Index","s":"FOREXCOM:DJI"},{"d":"Nasdaq Composite","s":"NASDAQ:IXIC"}]},{"title":"Futures","originalTitle":"Futures","symbols":[{"d":"S&P 500","s":"CME_MINI:ES1!"},{"d":"Euro","s":"CME:6E1!"},{"d":"Gold","s":"COMEX:GC1!"},{"d":"WTI Crude Oil","s":"NYMEX:CL1!"},{"d":"Gas","s":"NYMEX:NG1!"},{"d":"Corn","s":"CBOT:ZC1!"}]},{"title":"Bonds","originalTitle":"Bonds","symbols":[{"d":"T-Bond","s":"CBOT:ZB1!"},{"d":"Ultra T-Bond","s":"CBOT:UB1!"},{"d":"Euro Bund","s":"EUREX:FGBL1!"},{"d":"Euro BTP","s":"EUREX:FBTP1!"},{"d":"Euro BOBL","s":"EUREX:FGBM1!"}]},{"title":"Forex","originalTitle":"Forex","symbols":[{"d":"EUR to USD","s":"FX:EURUSD"},{"d":"GBP to USD","s":"FX:GBPUSD"},{"d":"USD to JPY","s":"FX:USDJPY"},{"d":"USD to CHF","s":"FX:USDCHF"},{"d":"AUD to USD","s":"FX:AUDUSD"},{"d":"USD to CAD","s":"FX:USDCAD"}]}],"realType":"embed"}</script></div><h2 id="aerospace-brings-life-to-ge-stock-2">Aerospace brings life to GE stock</h2><p><strong>GE Aerospace</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=GE" target="_blank">GE</a>, +2.2%) hit a new all-time high for the first time since 2000, a process more than 9,000 days in the making (and re-making) for one of the most famous <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/best-industrial-stocks-to-buy"><u>industrial stocks</u></a>.</p><p>GE stock traded as high as $294.74 Tuesday, topping the intraday peak at $289.94 it reached on August 28, 2000, and the all-time closing high of $287.55 it set the same day, according to Dow Jones Market Data.</p><p>The old General Electric <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/as-general-electric-sets-spin-off-old-ge-name-is-going-away"><u>completed its three-way separation</u></a>, which formed GE Aerospace, GE Vernova (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=GEV" target="_blank">GEV</a>) and GE HealthCare Technologies (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=GEHC" target="_blank">GEHC</a>), in April 2024.</p><div class="tradingview-widget-container"> <div class="tradingview-widget-container__widget"></div> <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-single-quote.js" async>{"source":"singleQuote","id":"977ad9d1-4e5f-4fbe-9c82-ccaaf5c2eadf","colorTheme":"light","isTransparent":false,"locale":"en","width":"350","symbol":"ge","realType":"embed"}</script></div><p>Following a recent meeting with GE Aerospace management, Morgan Stanley analyst <a data-analytics-id="inline-link" href="https://www.linkedin.com/in/david-arcaro-cfa-b4b090a/" target="_blank"><u>David Arcaro</u></a> reiterated his Overweight (or Buy) rating and his 12-month target price of $675 for GE stock, citing "multiple upside opportunities in Electrification to get excited about: share gains, new product launches, and further margin expansion."</p><p>Arcaro sees a "healthy" backdrop for the gas turbine market too, including "consistent demand trends" that make "further price upside look achievable." The long-term outlook is positive as well, "with continued top-line growth and EBITDA margin expansion well into the 2030s."</p><h2 id="retail-sales-surprise-to-the-upside-2">Retail sales surprise to the upside</h2><p>The <a data-analytics-id="inline-link" href="https://www.census.gov/retail/sales.html" target="_blank"><u>Census Bureau</u></a> said retail sales increased by 0.6% month over month, well above a FactSet-compiled consensus forecast for 0.2% growth compared to July. Sales expanded by 5.0% year over year in August.</p><p>"The consumer continues to propel the economy forward," notes Comerica Bank Chief Economist <a data-analytics-id="inline-link" href="https://www.linkedin.com/in/bill-adams-9420971/" target="_blank"><u>Bill Adams</u></a>. "Back to school shopping was in full swing in August, with excellent sales for online businesses, clothing, and school supplies."</p><p>Adams says weak grocery sales in August are probably a sign that lower and middle-income consumers are retrenching. At the same time, however, "affluent consumers are in better shape, and likely fueled the outperformance of overall retail sales and more discretionary categories in August."</p><h2 id="the-housing-market-is-stuck-2">The housing market is stuck</h2><p>The <a data-analytics-id="inline-link" href="https://www.nahb.org/news-and-economics/housing-economics/indices/housing-market-index" target="_blank"><u>NAHB Housing Market Index</u></a> remained at 32 in September, unchanged vs August but below a FactSet forecast for an uptick to 33.</p><p>According to the National Association of Homebuilders, readings above 50 on the index indicate "the majority of builders feel confident about the current and near-term outlook for housing."</p><p>The current survey shows 39% of builders cut prices in September, up from 37% in August, to the highest level in the post-COVID period and "a sign that the housing market remains soft."</p><p>As Raymond James Chief Economist <a data-analytics-id="inline-link" href="https://www.linkedin.com/in/eugenio-j-alem%C3%A1n-290586b/" target="_blank"><u>Eugenio J. Alemán</u></a> observes, "Regionally, conditions remain weak: the South – the nation's largest housing market – reported an unchanged HMI of just 29, while the Northeast bounced back to 44." Alemán adds that "all regions' readings remain below the confidence threshold for most builders."</p><p>In addition to headwinds for new home sales due to rising competition, "These trends reinforce our view that the housing sector remains under pressure and that residential investment will likely stay subdued through the third quarter."</p><h3 class="article-body__section" id="section-related-content"><span>Related content</span></h3><ul><li><a href="https://www.kiplinger.com/investing/ipos/stubhub-ipo-should-you-buy-stub-stock">StubHub IPO: Should You Buy STUB Stock?</a></li><li><a href="https://www.kiplinger.com/investing/stocks-to-buy/multibagger-stocks-with-amazing-returns">5 Multibagger Stocks With Amazing Returns in 2025</a></li><li><a href="https://www.kiplinger.com/stocks-politicians-are-selling-buying-trading-congress">What Stocks Are Politicians Buying and Selling?</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/investing/stocks/markets-are-quiet-ahead-of-fed-day-stock-market-today</link>
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<![CDATA[ Investors, traders and speculators appear to be on hold amid an unusually fraught Fed meeting. ]]>
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<pubDate>Tue, 16 Sep 2025 20:04:19 +0000</pubDate> <category><![CDATA[Stocks]]></category>
<category><![CDATA[Investing]]></category>
<dc:creator><![CDATA[ David Dittman ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/PF5L5tcmArNbtTthDoDFCB-1280-80.jpg">
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<title><![CDATA[ Quiz: Test Your Knowledge of the OBBB, Wealth Transfer and Early Retirement ]]></title>
<dc:content><![CDATA[ <p>The financial professionals who contribute to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/adviser-intel">Kiplinger's Adviser Intel</a> are always here to make sure you have the information you need to make critical decisions about your retirement planning, estate planning and tax planning.</p><p>In the past week, they've written about the OBBB's impact on retirement and estate planning and how you can ensure your wealth stays in the family when you pass. One also addressed the questions that every early retiree might ask.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><p>This quiz is designed to test what you've learned from them. Let's see what you know! (And don't worry if you miss an answer: You can follow the links below the quiz to brush up on your knowledge.)</p><div style="min-height: 250px;"> <div class="kwizly-quiz kwizly-WVgvyO"></div> </div> <script src="https://kwizly.com/embed/WVgvyO.js" async></script><h3 class="article-body__section" id="section-related-content-from-adviser-intel"><span>Related Content From Adviser Intel</span></h3><p>These are the Kiplinger stories featured in this quiz:</p><ul><li><a href="https://www.kiplinger.com/retirement/retirement-planning/potential-trouble-for-retirees-obbb-impact-on-retirement">Potential Trouble for Retirees: A Wealth Adviser's Guide to the OBBB's Impact on Retirement</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/how-to-ensure-your-family-keeps-the-wealth-youve-built">I'm a Financial Adviser: You've Built Your Wealth, Now Make Sure Your Family Keeps It</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/answers-to-every-early-retirees-questions-this-year">Answers to Every Early Retiree's Questions This Year, From a Wealth Adviser</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/puzzles/quizzes/kiplinger-quiz-adviser-intel-september-16-2025</link>
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<![CDATA[ The financial professionals who contribute to Kiplinger's Adviser Intel recently wrote about the OBBB's impact on retirement, how to ensure your wealth passes to your family and early retirement questions. ]]>
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<pubDate>Tue, 16 Sep 2025 19:12:18 +0000</pubDate> <category><![CDATA[Quizzes]]></category>
<category><![CDATA[Retirement Planning]]></category>
<category><![CDATA[Estate Planning]]></category>
<category><![CDATA[Tax Planning]]></category>
<category><![CDATA[Puzzles]]></category>
<category><![CDATA[Retirement]]></category>
<category><![CDATA[Taxes]]></category>
<dc:creator><![CDATA[ Kiplinger Staff ]]></dc:creator> <media:content type="image/png" url="https://cdn.mos.cms.futurecdn.net/w6am8gA2pCbAZzM6jrD3F4-1280-80.png">
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<title><![CDATA[ Quiz: Do You Know What Medicare Gives You for Free? ]]></title>
<dc:content><![CDATA[ <p>Did you know that <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/medicare-basics-things-you-need-to-know"><u>Medicare</u></a> fully covers many preventative <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/what-medicare-gives-you-for-free">screenings</a> and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/vaccines-medicare-covers-for-free">vaccines</a> for its beneficiaries?</p><p>While Medicare is an essential health program, very few services are truly 'free' for beneficiaries. Most parts of Medicare have premiums, deductibles, or copayments. The main exception is certain preventive services covered by Part B, which are provided with no out-of-pocket cost if the provider accepts assignment.</p><p>And don't worry if you miss an answer, you can follow the links below the quiz to brush up on the different part of Medicare, what they cover and the costs.</p><div style="min-height: 250px;"> <div class="kwizly-quiz kwizly-OdxaZO"></div> </div> <script src="https://kwizly.com/embed/OdxaZO.js" async></script><h3 class="article-body__section" id="section-more-on-medicare-from-the-kiplinger-retirement-team"><span>More on Medicare, from the Kiplinger retirement team:</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/medicare/vaccines-medicare-covers-for-free">Vaccines Medicare Covers for Free in 2025</a></li><li><a href="https://www.kiplinger.com/retirement/medicare/what-medicare-gives-you-for-free">18 Things Medicare Gives You for Free</a></li><li><a href="https://www.kiplinger.com/retirement/medicare/what-you-will-pay-for-medicare-in-2025">What You Pay for Medicare in 2025</a></li><li><a href="https://www.kiplinger.com/retirement/medicare/603541/what-you-must-know-about-the-different-parts-of-medicare">What You Must Know About the Different Parts of Medicare</a></li><li><a href="https://www.kiplinger.com/retirement/medicare/medicare-basics-things-you-need-to-know">Medicare Basics: 12 Things You Need to Know</a></li><li><a href="https://www.kiplinger.com/retirement/medicare/what-medicare-covers-when-you-travel-in-the-us-and-abroad">What Medicare Covers When You Travel in the US and Abroad</a></li><li><a href="https://www.kiplinger.com/retirement/medicare/medicare-changes-coming-in-2026">Seven Medicare Changes Coming in 2026</a></li><li><a href="https://www.kiplinger.com/retirement/medicare/prior-authorization-coming-to-traditional-medicare">Prior Authorization Coming to Traditional Medicare Starting in 2026</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/puzzles/quizzes/quiz-do-you-know-what-medicare-gives-you-for-free</link>
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<![CDATA[ This quiz tests your knowledge of the services that Medicare provides at no cost to you. ]]>
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<pubDate>Tue, 16 Sep 2025 16:47:37 +0000</pubDate> <category><![CDATA[Quizzes]]></category>
<category><![CDATA[Medicare]]></category>
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<category><![CDATA[Retirement]]></category>
<dc:creator><![CDATA[ Donna LeValley ]]></dc:creator> <media:content type="image/png" url="https://cdn.mos.cms.futurecdn.net/w6am8gA2pCbAZzM6jrD3F4-1280-80.png">
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<title><![CDATA[ 5 Multibagger Stocks With Amazing Returns in 2025 ]]></title>
<dc:content><![CDATA[ <p>Concerns about sticky inflation, an uncertain employment situation and geopolitical unrest loom large in the big picture. But it's important for investors to understand the stock market is still up in 2025. And a select group of multibagger stocks has delivered the kind of phenomenal returns you see in the hottest bull markets.</p><p>If you're unfamiliar with the jargon, "multibagger stocks" deliver profits at a multiple of your initial investment. Doubling your money is difficult enough. So when a stock delivers "3X" or "5X" profits – that's three times or five times your original investment – it's definitely something to be happy about.</p><p>Each of the multibagger stocks on this list is up at least 350% over the trailing 12 months through September 12 vs 19.2% for the S&P 500 during the same period. These aren't microcap start-ups, either: These multibagger stocks boast market values of at least $10 billion, demonstrating their significant scale and investor interest.</p><p>There's obviously risk in all of these firms, given their unique business models as well as macroeconomic concerns. But with returns that blow away the competition, these multibagger stocks show that higher risk can indeed deliver higher rewards when investors pick the right names.</p><ul><li><strong>Market value:</strong> $196.9 billion</li><li><strong>12-month total return:</strong> 417.0%</li></ul><p><strong>AppLovin</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=APP" target="_blank">APP</a>) is a software-based marketing platform designed to connect advertisers with customers across a host of digital platforms, from streaming video to mobile games.</p><p>Its budding business on smart TVs – serving up targeted ads during commercial breaks now inserted into a host of shows people are increasingly enduring to cut down their monthly streaming bills.</p><p>Founded in 2012, AppLovin already has significant scale despite the dominance of Google parent Alphabet (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=GOOGL" target="_blank">GOOGL</a>) in the ad biz. Management forecast $5.5 billion in revenue for the current fiscal year – with 27% growth to more than $7 billion to follow in fiscal 2026.</p><p>Advertising can be extremely cyclical, and AppLovin is fighting some big players. But investors like what they’ve seen over the last year in terms of sales and profitability from this upstart operator.</p><ul><li><strong>Market value: </strong>$12.2 billion</li><li><strong>12-month total return:</strong> 1,210.0%</li></ul><p><strong>Oklo</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=OKLO" target="_blank">OKLO</a>) is a 21st-century energy company, with a prime place at the intersection of artificial intelligence and nuclear power.</p><p>As AI continues to reshape the economy and various applications grow increasingly complex, electric power needs are growing in kind.</p><p>To help support this new demand, nuclear energy has returned to prominence after many decades out of the limelight. It's all about nuclear's relatively green operations compared to traditional fossil fuels.</p><p>Oklo is leading the way in this transition thanks to its advanced fission power plants that provide clean, reliable, affordable energy.</p><p>OKLO entered public markets in 2024 via a SPAC merger. With big gains over the last 12 months, Wall Street clearly sees something in this disruptive energy stock.</p><ul><li><strong>Market value:</strong> $406.7 billion</li><li><strong>12-month total return: </strong>381.7%</li></ul><p>You’d have to be totally new to Wall Street to not know the tremendous growth story of <strong>Palantir Technologies</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=PLTR" target="_blank">PLTR</a>).</p><p>PLTR is the top-performing stock in the entire S&P 500 over the last 12 months thanks to its position at the center of national security and AI megatrends.</p><p>Palantir, which provides AI-powered data processing software, made a name for itself through long-term partnerships with the intelligence community and the Department of Defense.</p><p>Unlike some other AI start-ups, Palantir is large and comfortably profitable; management just raised its full-year cash flow guidance to as much as $2.0 billion for 2025.</p><p>When it comes to the most popular investments of 2025, this multibagger stands apart with daily volume that regularly tops 70 million shares traded.</p><ul><li><strong>Market value:</strong> $102.2 billion</li><li><strong>12-month total return:</strong> 421.2%</li></ul><p><strong>Robinhood Markets</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=HOOD" target="_blank">HOOD</a>) is a fintech company with a well-deserved reputation for disrupting the old way of investing.</p><p>Founded in 2013 with a mobile-friendly and low-cost approach to investing, HOOD is the 2.0 version of early discount brokerages such as eTrade that democratized Wall Street for smaller investors.</p><p>With crypto offerings, easy access to options strategies and a strong reputation with younger traders, Robinhood continues to grow and challenge traditional leaders in finance too.</p><p>Consider its second-quarter year-over-year revenue growth of 45% to nearly $1 billion: This is no niche player but a fast-growing company redefining what’s possible for a new generation of investors.</p><ul><li><strong>Market value: </strong>$1.6 trillion</li><li><strong>12-month total return:</strong> 615.0%</li></ul><p><strong>Rocket Lab</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=RKLB" target="_blank">RKLB</a>) – an aerospace leader developing rocket launch and control systems for commercial spaceflight and defense applications – is also one of the highest fliers of 2025.</p><p>The company is not yet profitable, but management expects to operate at nearly break-even next year thanks to a growing backlog and better-than-expected revenue growth in recent quarters.</p><p>As with many innovative start-ups out there, volatility is a given, and there's elevated risk here. But there's tremendous buzz around SpaceX and Blue Origin, pet projects of billionaires Elon Musk and Jeff Bezos, respectively. Yet both remain privately held.</p><p>RKLB is perhaps the best way to play the next generation of space travel in a publicly traded stock. Indeed, investors have shown tremendous interest in the stock across the last 12 months.</p><h3 class="article-body__section" id="section-related-content"><span>Related content</span></h3><ul><li><a href="https://www.kiplinger.com/slideshow/investing/t058-s001-the-10-best-tech-stocks-of-all-time/index.html">The 10 Best Tech Stocks of All Time</a></li><li><a href="https://www.kiplinger.com/investing/stocks/best-stocks-of-the-century">The Best Stocks of the Century</a></li><li><a href="https://www.kiplinger.com/investing/stocks/upcoming-ipos">Hot Upcoming IPOs to Watch</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/investing/stocks-to-buy/multibagger-stocks-with-amazing-returns</link>
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<![CDATA[ As the term suggests, multibagger stocks multiply your money – gains of 1,200%, for example. Here's where to look for that kind of performance this year. ]]>
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<pubDate>Tue, 16 Sep 2025 13:20:41 +0000</pubDate> <category><![CDATA[Stocks-to-buy]]></category>
<category><![CDATA[Stocks]]></category>
<category><![CDATA[Investing]]></category>
<author><![CDATA[ kiplinger@futurenet.com (Jeff Reeves) ]]></author> <dc:creator><![CDATA[ Jeff Reeves ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/6MhaCREYeRVrLrVjRciC8T-1280-80.jpg">
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<media:text><![CDATA[money bag with dollar sign behind rising stacks of coin]]></media:text>
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<title><![CDATA[ Investing Freebies: Perks You Get for Owning These Stocks ]]></title>
<dc:content><![CDATA[ <p>Investing can feel like a waiting game, with the biggest rewards often years or even decades away. But what if you could get a little instant gratification along the way?</p><p>Some companies offer fun perks to their investors, such as free chocolate, discounted products or spending money on your next cruise. These small bonuses can make the investing journey a bit more enjoyable.</p><p>While it's tempting to chase these freebies, it's crucial to remember a cardinal rule of investing: never let a perk dictate your purchase. A company should earn its place in your portfolio based on its financial health and growth potential. Consider these freebies as a small reward for a smart, well-researched investment.</p><p><strong>With that in mind, here are a handful of stocks that offer free investor perks.</strong></p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_TZ5u6hI1_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="TZ5u6hI1"> <div id="botr_TZ5u6hI1_a7GJFMMh_div"></div> </div> </div></div><h3 class="article-body__section" id="section-amc-entertainment-holdings"><span>AMC Entertainment Holdings</span></h3><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:1024px;"><p class="vanilla-image-block" style="padding-top:66.70%;"><img id="NPhkvAcvf2RaRTgV8D9Hcd" name="amc-GettyImages-2233931930" alt="Marquee at the entrance to AMC movie theater in Midtown Manhattan." src="https://cdn.mos.cms.futurecdn.net/NPhkvAcvf2RaRTgV8D9Hcd.jpg" mos="" align="middle" fullscreen="" width="1024" height="683" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Erik McGregor/LightRocket via Getty Images)</span></figcaption></figure><p>If you own <strong>AMC Entertainment Holdings</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=AMC" target="_blank">AMC</a>) stock, be sure to sign up for <a data-analytics-id="inline-link" href="https://www.amctheatres.com/stockholders" target="_blank"><u>AMC Investor Connect</u></a>. Through it, you can enjoy a suite of perks, from priority lane access to "double points" Tuesdays and Wednesdays, when you also get 50% off of tickets.</p><p>The movie theater chain also regularly offers food and drink freebies – including free gourmet popcorn which is available through September 30, 2025, to investors who joined AMC Investor Connect by August 31, 2025.</p><h2 id="carnival-2">Carnival</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:1024px;"><p class="vanilla-image-block" style="padding-top:59.38%;"><img id="JCwiEZC6gYXys9GDXn8ZNE" name="ccl-stock-GettyImages-2218477483" alt="Carnival Miracle, a 88,500 GT Spirit-class cruise ship operated by Carnival Cruise Line, sails the Tagus River after departure from the cruise terminal on June 03, 2025, in Lisbon, Portugal." src="https://cdn.mos.cms.futurecdn.net/JCwiEZC6gYXys9GDXn8ZNE.jpg" mos="" align="middle" fullscreen="" width="1024" height="608" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Horacio Villalobos#Corbis/Corbis via Getty Images)</span></figcaption></figure><p>In case you need more reasons to take a vacation, <strong>Carnival </strong>(<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=CCL" target="_blank">CCL</a>) rewards shareholders who own at least 100 shares with onboard credits.</p><p>You can get $250 to spend on trips that are 14 days or longer, $100 for trips of seven to 13 days or $50 for trips that are six days or less.</p><p>You can use these credits to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/how-to-save-on-booking-a-cruise"><u>save on cruises</u></a> across the company's Carnival, Princess Cruises, Holland America Line, Seabourn or Cunard ships. But you'll need to act fast because the offer expires at the end of this year and you need to apply for the benefit at least three weeks before departure through Carnival's <a data-analytics-id="inline-link" href="https://www.carnivalcorp.com/investors/shareholder-information/shareholder-benefit/" target="_blank">Stockperks app</a>.</p><h3 class="article-body__section" id="section-royal-caribbean-cruises"><span>Royal Caribbean Cruises</span></h3><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:1024px;"><p class="vanilla-image-block" style="padding-top:51.56%;"><img id="nsEzJU876U5egoSGK4Y4U3" name="rcl-stock-GettyImages-2232254198" alt="Brilliance of the Seas, a 90,090 GT Radiance-class cruise ship operated by Royal Caribbean International, sails the Tagus River after departure from the cruise terminal on August 26, 2025, in Lisbon, Portugal." src="https://cdn.mos.cms.futurecdn.net/nsEzJU876U5egoSGK4Y4U3.jpg" mos="" align="middle" fullscreen="" width="1024" height="528" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Horacio Villalobos#Corbis/Corbis via Getty Images)</span></figcaption></figure><p>Carnival isn't the only cruise line that rewards investors with onboard credits. <strong>Royal Caribbean</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=RCL" target="_blank">RCL</a>) also gives investors who own at least 100 shares at the time of their sailing with lucrative benefits.</p><p>You can get $50 on sailings of five nights or less, $100 for sailings of six to 13 nights, $250 for sailings of 14 nights or more or $1,000 per stateroom on any World Cruise.</p><p>These credits are available on any eligible Royal Caribbean International, Celebrity Cruises or Silversea Cruises, but excludes charter and Galapagos sailings. You need to request the credit online at least two weeks before departure.</p><h3 class="article-body__section" id="section-intercontinental-hotels-group"><span>InterContinental Hotels Group</span></h3><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:1024px;"><p class="vanilla-image-block" style="padding-top:66.70%;"><img id="6F4LcgA6t3tDa67ezkLAFR" name="ihg-stock-GettyImages-2229722929" alt="Sign at Intercontinental The Clement Monterey hotel on Cannery Row, Monterey, California, August 5, 2025." src="https://cdn.mos.cms.futurecdn.net/6F4LcgA6t3tDa67ezkLAFR.jpg" mos="" align="middle" fullscreen="" width="1024" height="683" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Smith Collection/Gado/Getty Images)</span></figcaption></figure><p>If you like to travel, but cruise lines aren't your cup of tea, <strong>Intercontinental Hotels Group </strong>(<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=IHG" target="_blank">IHG</a>) may be the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/best-stocks-to-buy-now"><u>best stock</u></a> that offers perks for you.</p><p>The hotel chain, which includes names such as Regent, InterContinental, Crowne Plaza and Holiday Inn gives shareholders discounts on their stay.</p><p>The exact value of this discount isn't made public, but if you own shares, make sure to keep an eye out for company mailings. Information regarding the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/spending/leisure/travel/how-to-find-deals-on-travel"><u>travel deal</u></a> is reportedly included in there.</p><h3 class="article-body__section" id="section-robinhood-markets"><span>Robinhood Markets</span></h3><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:1024px;"><p class="vanilla-image-block" style="padding-top:66.50%;"><img id="7AmgDfA62uzHp5zDUDpxYR" name="robinhood-GettyImages-1704938081.jpg" alt="Green Robinhood logo on smartphone with stock charts blurred in the background" src="https://cdn.mos.cms.futurecdn.net/7AmgDfA62uzHp5zDUDpxYR.jpg" mos="" align="middle" fullscreen="" width="1024" height="681" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Omar Marques/SOPA Images/LightRocket via Getty Images)</span></figcaption></figure><p>You don't even need to be an investor in <strong>Robinhood Markets</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=HOOD" target="_blank">HOOD</a>) stock to enjoy this perk.</p><p>The company rewards new customers with <a data-analytics-id="inline-link" href="https://robinhood.com/us/en/support/articles/open-account-pick-your-stock/" target="_blank">a free stock</a>, just for signing up for a taxable, self-directed individual account.</p><p>Once your application is approved and you link your funding source, you'll get between $5 and $200 to use towards a stock purchase. Note that 99% of folks get only $5, but that's still enough to buy a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/605205/how-to-invest-1000-buy-fractional-shares-of-great-companies">fractional share</a> of any number of stocks.</p><h3 class="article-body__section" id="section-kimberly-clark"><span>Kimberly-Clark</span></h3><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:1024px;"><p class="vanilla-image-block" style="padding-top:66.50%;"><img id="BpeDyToaVPUACCvjeNnzsi" name="kmb-stock-GettyImages-2218827072" alt="Boxes of Kleenex are displayed on shelves at a Walmart Supercenter on June 05, 2025 in Austin, Texas." src="https://cdn.mos.cms.futurecdn.net/BpeDyToaVPUACCvjeNnzsi.jpg" mos="" align="middle" fullscreen="" width="1024" height="681" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Brandon Bell/Getty Images)</span></figcaption></figure><p><strong>Kimberly-Clark</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=KMB" target="_blank">KMB</a>), the company behind Huggies, Kleenex and Kotex, as well as many other household products, is known for rewarding long-term investors with its <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/dividend-stocks/best-dividend-stocks-you-can-count-on">dependable dividend growth</a>.</p><p>But the company is also known for giving shareholders <a data-analytics-id="inline-link" href="https://kcgiftbox.com/giftbox/ended" target="_blank">holiday gift boxes</a>. These typically include an assortment of the company's products, such as wet wipes, Kleenex or tissues.</p><p>Last year, investors were invited to sign up to have a gift box delivered to them in time for Christmas, but the 2025 gift box availability has yet to be announced.</p><h3 class="article-body__section" id="section-lvmh-moet-hennessy"><span>LVMH Moët Hennessy</span></h3><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:1628px;"><p class="vanilla-image-block" style="padding-top:59.95%;"><img id="JmTdMerV6BgbEUMrG47bXD" name="JmTdMerV6BgbEUMrG47bXD.jpg" alt="A Louis Vuitton storefront featuring a large portrait of a model and colorful dreamcatcher decorations, reflecting luxury and style." src="https://cdn.mos.cms.futurecdn.net/JmTdMerV6BgbEUMrG47bXD.jpg" mos="" align="middle" fullscreen="" width="1628" height="976" 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>All you need to own is one share of <strong>LVMH Moët Hennessy</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=LVMUY" target="_blank">LVMUY</a>) to join the exclusive LVMH Shareholders' Club, though it <a data-analytics-id="inline-link" href="https://lvmh-com.cdn.prismic.io/lvmh-com/ZxInpoF3NbkBXtFG_REGLEMENTDUCLUB_EN_MH.pdf" target="_blank">must be listed</a> on the Paris stock market exchange (the ticker we have listed here is for the U.S. over-the-counter market).</p><p>Membership in the club includes perks such as deals on select wines and spirits, as well as discounted subscriptions to its newspapers and magazines.</p><p>You can also visit company wineries and cellars, and experience private visits to unique venues such as the Louis Vuitton workshop in Asnières-sur-Seine, France. All are available through the <a data-analytics-id="inline-link" href="https://www.clublvmh-actionnaires.fr/en/login?openLogin=true" target="_blank"><u>Club's website</u></a>.</p><h2 id="two-other-options-for-international-investors-2">Two other options for international investors</h2><p>Two other international companies that reward shareholders with freebies and perks are book publisher <strong>Bloomsbury Publishing </strong>and world-renowned chocolatier <strong>Lindt & Sprüngli</strong>.</p><p>U.K.-based Bloomsbury will give you <a data-analytics-id="inline-link" href="https://www.bloomsbury-ir.co.uk/investor/i_benefits.asp" target="_blank">35% off its print titles</a> if you own one or more shares of the company stock. All you need to do is sign up through the Investor site to have your discount code sent to you.</p><p>You can <a data-analytics-id="inline-link" href="https://www.bloomsbury.com/us/all-authors/" target="_blank">choose from books</a> written by thousands of popular authors, including Sarah J. Maas, Susanna Clarke and J.K. Rowling.</p><p>And Lindt & Sprüngli is known to reward investors with <a data-analytics-id="inline-link" href="https://www.lindt-spruengli.com/amfile/file/download/id/9471/file/Annual-General-Meeting-2025-Flyer-Giftbox.pdf" target="_blank">gift boxes</a>. In 2025, for example, investors who exercise their voting rights will be given a free gift box of chocolates.</p><p>The tricky part is that you'll need to attend the annual shareholders meeting in Zurich, Switzerland, or appoint a power of attorney and have a Swiss mailing address to receive the box via mail.</p><h3 class="article-body__section" id="section-related-content"><span>Related content</span></h3><ul><li><a href="https://www.kiplinger.com/investing/what-your-portfolio-says-about-you-and-your-relationship-with-risk">What Your Portfolio Says About You – and Your Relationship with Risk</a></li><li><a href="https://www.kiplinger.com/investing/mistakes-to-avoid-when-you-first-start-investing">7 Mistakes to Avoid When You First Start Investing</a></li><li><a href="https://www.kiplinger.com/investing/stocks/stocks-to-buy/604302/stock-picks-that-billionaires-love">Stock Picks That Billionaires Love</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/investing/stocks/investing-freebies-perks-you-get-for-owning-these-stocks</link>
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<![CDATA[ While the biggest investing returns come over the long term, these companies offer instant gratification for investors with several freebies and perks. ]]>
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<pubDate>Tue, 16 Sep 2025 11:02:00 +0000</pubDate> <category><![CDATA[Stocks]]></category>
<category><![CDATA[Investing]]></category>
<dc:creator><![CDATA[ Coryanne Hicks ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/rGjPDoLeUrQnCSJSuagQGF-1280-80.jpg">
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<title><![CDATA[ Choose a Beneficiary for Your Estate Plan: It's Not 'Duck, Duck, Goose' ]]></title>
<dc:content><![CDATA[ <p>When it comes to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/the-basics-of-estate-planning">estate planning</a>, a will or a trust often receives the most attention. However, the simple act of naming a beneficiary to inherit assets in your 401(k), IRA, or savings account, or the proceeds of a life insurance policy or annuity, is a powerful estate planning tool.</p><p>“Some folks minimize the importance of a beneficiary designation,” said <a data-analytics-id="inline-link" href="https://www.usbank.com/wealth-management/find-an-advisor/ca/san-diego/rachelle-tubongbanua/" target="_blank">Rachelle Tubongbanua</a>, a private wealth advisor and managing director at U.S. Bank.</p><p>But that’s an estate planning mistake.</p><p>Choosing and properly designating a beneficiary is a key step in making sure your assets go to the person or people you want them to go to. A beneficiary is the person or entity who will get your assets when you die.</p><p>It's not a game of "duck, duck, goose," where any heir can "win" an inheritance; it requires careful thought about who gets what.</p><h2 id="two-keys-to-naming-a-beneficiary-2">Two Keys to Naming a Beneficiary</h2><p>There are two often overlooked benefits of naming a beneficiary. A beneficiary designation supersedes instructions in a will and trust, meaning the assets will be distributed directly to the named beneficiaries. The other major benefit is that assets are typically distributed to whomever you name as beneficiary without having to go through the costly and time-consuming <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/estate-planning/probate-the-terrible-horrible-no-good-very-bad-side-of-estate-planning">probate process</a>. Probate is a legal process for distributing the deceased person's assets.</p><p>“A beneficiary designation is going to trump anything else that you may have established to pass on assets,” said <a data-analytics-id="inline-link" href="https://verdence.com/team/sarah-mouser/" target="_blank">Sarah Mouser</a>, managing director of financial planning at Verdence Capital Advisors.</p><p>And if you forget to name a beneficiary for your retirement account or life policy — or simply don’t get around to it?</p><p>“You’re going to go through the probate process,” said Mouser. (Your assets are) going to be tied up. It's going to take longer for those assets to get to who they need to get to. And there's no guarantee that they’re going to pass the way you want them to pass.”</p><p>Unfortunately, some clients push off filling out their 401(k) beneficiary forms online when they take a new job, Tubongbanua says. Often they hold off because they don’t have key information at their fingertips,</p><p>“They say, ‘let me just wait till next time on log on to add those beneficiary designations,” said Tubongbanua. The problem with such delays is “if a life event such as (the asset owner’s death) were to happen and there’s not a beneficiary designation in place, these assets may go to probate.”</p><p>So, whom should you name as your primary beneficiary or your contingent (e.g., secondary) beneficiary in the event your primary beneficiary is not alive at the time of your death?</p><p>That’s a personal decision, of course. But beneficiaries are typically your loved ones, such as your spouse, children and grandchildren. Pick who you want your assets to go to after you’re gone.</p><h2 id="six-pitfalls-to-avoid-when-designating-a-beneficiary-2">Six pitfalls to avoid when designating a beneficiary</h2><p>There are steps you can take – and mistakes you can avoid – to make 100% sure your wishes are met.</p><p>Here are six pitfalls to avoid.</p><h2 id="1-not-naming-a-beneficiary-2">1. Not naming a beneficiary</h2><p>Choosing a beneficiary and making your designation official is easy. There’s no defensible reason not to do so. So, if you get a new job and open a new 401(k) or buy a life insurance policy, do the right thing and take the time to provide your beneficiary's (and contingent beneficiaries') correct legal name and date of birth, as well as any other requested identification such as mailing address, phone number, e-mail address, or Social Security number.</p><p><strong>Don't assume that naming a beneficiary in your will is sufficient</strong>. If there are no named beneficiaries to, say, a 401(k) or life insurance policy, the proceeds will go to the deceased’s estate and through probate.</p><p>And that complicates things and adds uncertainty to how your estate will be settled.</p><p>“If there's not a beneficiary designation in place, and those assets do go through probate, that's where it opens up the doors right for those assets to be disputed,” said Tubongbanua.</p><p>The legal cost of probate will likely reduce the dollar amount of assets that eventually go to your beneficiaries.</p><h2 id="2-failing-to-update-beneficiary-forms-after-a-life-event-2">2. Failing to update beneficiary forms after a life event</h2><p>Big life changes, such as divorce, marriage, or adding a newborn to the family, are good times to ensure all your beneficiary designations are up to date, current, and clearly state your wishes as to who you want your assets to go to. Unless you experience a major life event, financial advisors recommend <strong>reviewing your beneficiary designations annually.</strong></p><p>The risk of not updating your beneficiaries after a life event is money inadvertently falling into the wrong hands, says Mouser.</p><p>“A common pitfall I see is treating beneficiary designations as ‘set and forget,’ ” said Mouser. “People often name a spouse, child, or parent and then never revisit it.”</p><p>This snafu often occurs post-divorce. Mouser recalls a late client who had gotten a divorce but never changed or updated the beneficiary on an old life insurance policy that was still in effect at his death. That error cost his second wife, who got zero of the proceeds.</p><p>“The client’s beneficiary designation was never updated, and the beneficiary remained the ex-spouse,” Mouser recalled. “All those assets went to her because a beneficiary designation trumps a will” and other estate planning documents.</p><p>If you think beneficiary designations are automatically updated after a life change, think again, says Mouser.</p><p>“A lot of people just don't think to go back through and update beneficiary designations, especially if they've gone through the efforts of working with an attorney to draft an estate plan,” said Mouser. “They think it's automatically updated, but it’s not.”</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><h2 id="3-naming-a-minor-child-as-a-primary-or-contingent-behavior-2">3. Naming a minor child as a primary or contingent behavior</h2><p>The reason not to do this is simple: minors are not of legal age and, therefore, can’t inherit money. As a result, even though the child is named as a beneficiary, a court-appointed guardian will oversee the money until the child becomes an adult, which can be costly, says Tubongbanua.</p><p>The "<a data-analytics-id="inline-link" href="https://www.law.cornell.edu/wex/age_of_majority" target="_blank">age of majority</a>," when young people are considered adults and can inherit, is 18 in most U.S. states. In Nebraska and Alabama, the age of majority is 19, and it is 21 in Mississippi. If your child is aged 18 to 20, you should also review <a data-analytics-id="inline-link" href="https://finaid.org/savings/ageofmajority/" target="_blank">your state's rules</a> for delaying their inheritance until 21 or later.</p><p>It’s also prudent to inform any beneficiaries that they will receive assets upon your death, and to give them an idea of what to expect when attempting to claim the assets, says Tubongbanua.</p><p>“We tell our clients to make sure that they’re having<strong> </strong>family meetings where they can kind of guide the beneficiary<strong> </strong>through the process and what to expect,” said Tubongbanua. “You don't have to share all the great details (such as dollar amounts), but at least give them some sense of preparation so when that triggering event does happen, they're not caught off-guard.”</p><h2 id="4-failing-to-name-a-contingent-beneficiary-2">4. Failing to name a contingent beneficiary</h2><p>In the event a primary beneficiary passes away, it’s important to name a contingent beneficiary, such as adult children, to ensure there’s a clear path to inherit, says Mouser. Say you’re married and have two adult children. You could name your spouse as the primary beneficiary, getting 100% of your assets, and designate both of your adult kids as contingent beneficiaries, noting that they will split assets 50/50.</p><p>“You should always list a contingent beneficiary,” said Mouser. “You never know what could happen. Listing a contingent beneficiary is really important to avoid probate.”</p><h2 id="5-forgetting-to-name-grandchildren-2">5. Forgetting to name grandchildren</h2><p>Families often want to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/estate-planning/how-to-create-a-family-dynasty-for-lasting-security">preserve wealth across multiple generations</a>. However, if beneficiary designations only go to children, the grandchildren may miss out on so-called generation-skipping trust-tax-efficient structures, such as dynasty trusts, says Mouser.</p><h2 id="6-overlooking-charitable-intentions-2">6. Overlooking charitable intentions</h2><p>Tax-deferred IRAs and retirement accounts are highly tax-inefficient to leave to individuals. “But they are ideal (to leave) for charities, since charities don’t pay income tax,” said Mouser. “Many wealthy families miss this opportunity and leave after-tax assets to charity instead, reducing tax efficiency.”</p><h2 id="make-a-graceful-exit-2">Make a graceful exit</h2><p>Ensure you consider tax implications when naming beneficiaries.</p><p>“You may miss tax-savings opportunities based on how you structure your beneficiary designations,” said Mouser.</p><p>When it comes to your estate, making sure you get your beneficiary designations right is just as important as constructing he proper investment portfolio during the accumulation stage of your nest egg, says Mouser.</p><p>It’s also important to make sure that beneficiary designations align with your carefully crafted estate plan, adds Mouser.</p><p>“You can go through the process of drafting all these documents, and if you don't go through the exercise of updating those beneficiaries where those assets are held, then they're not going to align with the trust (or other estate-planning documents, said Mouser.</p><h3 class="article-body__section" id="section-read-more"><span>Read More</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/estate-planning/probate-the-terrible-horrible-no-good-very-bad-side-of-estate-planning">Probate: The Terrible, Horrible, No Good, Very Bad Side of Estate Planning</a></li><li><a href="https://www.kiplinger.com/retirement/estate-planning/wills-gone-wild-how-to-avoid-estate-planning-disasters">Wills Gone Wild: How to Avoid Estate Planning Disasters</a></li><li><a href="https://www.kiplinger.com/retirement/inheritance/worst-assets-to-inherit">The Seven Worst Assets to Leave Your Kids or Grandkids</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/retirement/estate-planning/choose-a-beneficiary-for-your-estate-plan</link>
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<![CDATA[ Choosing a beneficiary for your 401(k), insurance policy or similar assets is crucial for estate planning. Here is how to do it, and six pitfalls to avoid. ]]>
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<pubDate>Tue, 16 Sep 2025 10:06:00 +0000</pubDate> <category><![CDATA[Estate Planning]]></category>
<category><![CDATA[Retirement]]></category>
<dc:creator><![CDATA[ Adam Shell ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/zvZqEap83NEyoKx4oF9Px7-1280-80.jpg">
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<media:text><![CDATA[A group of children playing "duck, duck goose" outdoors.]]></media:text>
<media:title type="plain"><![CDATA[A group of children playing "duck, duck goose" outdoors.]]></media:title>
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<title><![CDATA[ T-Mobile's Free iPhone 17 Deal: A Smart Switch or a Hidden Catch? ]]></title>
<dc:content><![CDATA[ <p>Fall is right around the corner. And that means a new iPhone is about to drop.</p><p>Last week, Apple announced details surrounding its <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/online-shopping/is-it-worth-upgrading-to-the-iphone-17">iPhone 17</a>. The base model remains at the same price of $799.99 and comes with many elevated features that make it an attractive buy. You can preorder it now, with the release coming Friday, September 19.</p><p>Furthermore, if you’re thinking about switching carriers, T-Mobile is offering a promotion that could get you the new iPhone at no cost. We'll break down what's new about the iPhone 17, how the T-Mobile deal works and whether it's a smart value.</p><h2 id="what-s-new-about-the-iphone-17-2">What's new about the iPhone 17?</h2><p>Normally, I don't make a big deal about iPhone releases since most of the time the changes are not newsworthy. However, with the iPhone 17, Apple did make some excellent improvements that make it a great phone to consider.</p><p>Some of the top upgrades include:</p><ul><li>ProMotion with a refresh rate of 120 frames per second, resulting in a smooth and responsive experience (the iPhone 16 had a refresh rate of 60 frames per second)</li><li>Standard memory of 256GB, up from 128GB on previous models</li><li>Quicker charging capabilities - Charge up to 50% in 20 minutes</li><li>A 5-Core GPU that's 90% quicker than the iPhone 14</li></ul><p>Overall, what you'll find is that the base iPhone 17 offers you iPhone Pro features for the price of a base model. That makes upgrading intriguing on the surface.</p><h2 id="how-to-get-a-free-iphone-17-from-t-mobile-2">How to get a free iPhone 17 from T-Mobile</h2><p>T-Mobile offers a perk where you can get the iPhone 17 for free by switching service to T-Mobile and signing up for an <a data-analytics-id="inline-link" href="https://www.t-mobile.com/cell-phone-plans" target="_blank">Experience plan</a>.</p><p>If you go this route, you won't have to trade in a device. All you'll have to do is pay sales tax and a $35 connection charge per line. You'll receive the iPhone 17 for free via 24 bill credits.</p><div class="product star-deal"><a data-dimension112="eda8f9f3-9a35-441f-b3eb-453d6ae022d7" data-action="Star Deal Block" data-label="Get a Free iPhone 17" data-dimension48="Get a Free iPhone 17" target="_blank" rel="nofollow"><figure class="van-image-figure " ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:970px;"><p class="vanilla-image-block" style="padding-top:56.29%;"><img id="8cEPA9zJ38MPkKThQppUtM" name="wuxJ7NW5qkSLQiJRAiDA3j-970-80.png" caption="" alt="" src="https://cdn.mos.cms.futurecdn.net/8cEPA9zJ38MPkKThQppUtM.webp" mos="" align="middle" fullscreen="" width="970" height="546" attribution="" endorsement="" credit="" class=""></p></div></div></figure></a><p><a href="https://www.t-mobile.com/cell-phone/apple-iphone-17?icid=MGPO_TMO_U_25P17NPIDG_DBB2ACE5AEF3AACD44032" target="_blank" rel="nofollow" data-dimension112="eda8f9f3-9a35-441f-b3eb-453d6ae022d7" data-action="Star Deal Block" data-label="Get a Free iPhone 17" data-dimension48="Get a Free iPhone 17" data-dimension25=""><strong>Get a Free iPhone 17</strong></a></p><p>When you switch to T-Mobile and sign up for an Experience plan.<a class="view-deal button" href="" target="_blank" rel="nofollow" data-dimension112="eda8f9f3-9a35-441f-b3eb-453d6ae022d7" data-action="Star Deal Block" data-label="Get a Free iPhone 17" data-dimension48="Get a Free iPhone 17" data-dimension25="">View Deal</a></p></div><p>What if you're already a T-Mobile customer? If this applies to you, you can qualify for a discounted iPhone 17.</p><p>To do so, you can open a new line of service, choose an Experience plan and get the iPhone 17 with an eligible trade-in device. The amount of the discount depends on the device you trade in, whether you're porting a line over and the plan you select.</p><p>You can also upgrade your current phone. If you have the Experience Beyond or Experience Beyond w/55+ Savings, you can upgrade your phone every year. The price you'll pay depends on the phone you trade in and how much you owe on it.</p><h2 id="is-this-a-great-deal-2">Is this a great deal?</h2><p>It depends on your needs and budget. On the surface, yes, it's a great deal because you're receiving a free iPhone, saving you $800. Moreover, if you're 55 or older, you can score even better savings with one of <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/spending/t-mobile-offers-senior-phone-plans">T-Mobile's 55+ plans</a>, offering you the same perks as regular plans at a significant discount.</p><div class="product star-deal"><a data-dimension112="8c8afc8d-d41c-4bfa-9f04-c9c4676803c2" data-action="Star Deal Block" data-label="Save more with T-Mobile's 55+ plans" data-dimension48="Save more with T-Mobile's 55+ plans" target="_blank" rel="nofollow"><figure class="van-image-figure " ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:1311px;"><p class="vanilla-image-block" style="padding-top:100.00%;"><img id="KSwcysX4UhMDeMEGF2yrSX" name="GettyImages-1458504727" caption="" alt="" src="https://cdn.mos.cms.futurecdn.net/KSwcysX4UhMDeMEGF2yrSX.jpg" mos="" align="middle" fullscreen="" width="1311" height="1311" attribution="" endorsement="" credit="" class=""></p></div></div></figure></a><p><a href="https://www.t-mobile.com/cell-phone-plans/unlimited-55-senior-discount-plans?INTNAV=tNav%3APlans%3AUnlimitedAge55" target="_blank" rel="nofollow" data-dimension112="8c8afc8d-d41c-4bfa-9f04-c9c4676803c2" data-action="Star Deal Block" data-label="Save more with T-Mobile's 55+ plans" data-dimension48="Save more with T-Mobile's 55+ plans" data-dimension25=""><strong>Save more with T-Mobile's 55+ plans </strong></a></p><p>Receive the same perks as regular plans, such as free streaming services, unlimited data and phone upgrades, at a discounted price. <a class="view-deal button" href="" target="_blank" rel="nofollow" data-dimension112="8c8afc8d-d41c-4bfa-9f04-c9c4676803c2" data-action="Star Deal Block" data-label="Save more with T-Mobile's 55+ plans" data-dimension48="Save more with T-Mobile's 55+ plans" data-dimension25="">View Deal</a></p></div><p>For two lines, here's a breakdown of how much your savings can add up on a 55+ plan:</p><div ><table><caption>See how much T-Mobile saves you </caption><thead><tr><th class="firstcol " ><p>T-Mobile perks</p></th><th ><p>Regular price</p></th><th ><p>Savings</p></th></tr></thead><tbody><tr><td class="firstcol " ><p>2 free iPhone 17s via 24 bill credits</p></td><td ><p>$1,599.98</p></td><td ><p>$1,599.98</p></td></tr><tr><td class="firstcol " ><p>Experience Beyond w/55+ Savings @$130</p></td><td ><p>$170</p></td><td ><p>$40 per month for 24 months, that's $960 in total savings</p></td></tr><tr><td class="firstcol " ><p>Free Hulu, Apple TV Plus and Netflix ad-supported plans</p></td><td ><p>$30.97</p></td><td ><p>$30.97 per month for 24 months, saving you $214.74</p></td></tr></tbody></table></div><p>As you can see, taking advantage of this deal can save you money, not only on a new phone but on plans and streaming services. Sounds too good to be true? Well…there is a catch.</p><h2 id="things-to-consider-before-getting-a-free-iphone-17-2">Things to consider before getting a free iPhone 17</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:1960px;"><p class="vanilla-image-block" style="padding-top:56.22%;"><img id="rYbVxQC3S9Ke6MLQNS2yy4" name="Apple-iPhone-17-lineup-250909_big.jpg.large_2x" alt="a picture of the iPhone 17" src="https://cdn.mos.cms.futurecdn.net/rYbVxQC3S9Ke6MLQNS2yy4.jpg" mos="" align="middle" fullscreen="" width="1960" height="1102" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Apple)</span></figcaption></figure><p>There are a few hoops you might have to jump through to qualify. First of which is signing up for an Experience plan. Experience plans are the more expensive options offered by the carrier. One line on a regular Experience plan starts from $85 per month. If you're over 55, it's $70 per month.</p><p>What's included in the Experience plans? Here are some of the top perks:</p><ul><li>Unlimited calling, texting and high-speed data</li><li>A 5-year plan price guarantee</li><li>Upgrade your device every one to two years, depending on your plan</li><li>Free streaming services, such as Apple TV Plus and Hulu</li><li>Free high-speed mobile hotspot data</li><li>Unlimited text and 5GB of high-speed data in more than 215 countries</li></ul><p>You'll also need to maintain service for at least two years to qualify for all the bill credits. If you cancel before then, you'll owe a remaining balance on the device. Therefore, ensure the plan is in your budget before signing up.</p><p>Ultimately, the iPhone 17 generates a lot of excitement because it offers Pro features at a base price. And T-Mobile offers several deals where you can get this new phone for free or at a steep discount, via billing credits.</p><p>Before signing up, ensure you'll use the plan perks enough to justify the costs. If you don't, it might make better sense to buy the new iPhone 17 outright and get a more affordable phone plan.</p><h3 class="article-body__section" id="section-related-content"><span>Related content </span></h3><ul><li><a href="https://www.kiplinger.com/personal-finance/online-shopping/is-it-worth-upgrading-to-the-iphone-17">Is It Worth Upgrading to the iPhone 17?</a></li><li><a href="https://www.kiplinger.com/personal-finance/spending/one-of-t-mobiles-most-valuable-offers-for-seniors">One of T-Mobile’s Most Valuable Offers for Seniors</a></li><li><a href="https://www.kiplinger.com/personal-finance/travel/digital-drivers-licenses-where-iphone-works-as-legal-id">How to Add Your Driver’s License to Apple Wallet</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/personal-finance/online-shopping/free-iphone-17-with-t-mobile-switch-pros-and-cons</link>
<description>
<![CDATA[ Receive a free iPhone 17 when you switch to T-Mobile. We'll explain whether the deal is worth it. ]]>
</description>
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<pubDate>Tue, 16 Sep 2025 10:00:00 +0000</pubDate> <category><![CDATA[Online Shopping]]></category>
<category><![CDATA[Personal Finance]]></category>
<category><![CDATA[Shopping]]></category>
<dc:creator><![CDATA[ Sean Jackson ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/dEMWUzkKkDNSEXxBaKByim-1280-80.jpg">
<media:credit><![CDATA[Apple]]></media:credit>
<media:text><![CDATA[a pic of the iPhone 17]]></media:text>
<media:title type="plain"><![CDATA[a pic of the iPhone 17]]></media:title>
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<title><![CDATA[ How an Expired Passport Thwarted Blackmail (and What Other Important Documents You Should Keep) ]]></title>
<dc:content><![CDATA[ <p>If you watched the original <em>The</em> <em>A-Team</em> action-adventure television series in the 1980s or in reruns, one line from that show probably stuck in your memory: "I love it when a plan comes together."</p><p>I said the same thing to a happy — and extremely lucky — reader after we thwarted an attempt by the daughter of a former employee to blackmail him with allegations of office hanky-panky with her mother some years earlier.</p><p>The underlying fact situation is the perfect example of why it is important to hang on to expired passports, among several other documents. This made-for-television drama began with a phone call from "Chris," an optometrist in Upstate New York.</p><p><em>Kiplinger's Adviser Intel, formerly known as Building Wealth, is a curated network of trusted financial professionals who share expert insights on wealth building and preservation. Contributors, including fiduciary financial planners, wealth managers, CEOs and attorneys, provide actionable advice about retirement planning, estate planning, tax strategies and more. Experts are invited to contribute and do not pay to be included, so you can trust their advice is honest and valuable.</em></p><h2 id="she-was-the-best-office-manager-i-ever-had-2">'She was the best office manager I ever had'</h2><p>"For over 30 years, 'Ada' was my office manager — the nicest, most competent and considerate person you could ever know, always sending lovely birthday and thank-you cards with beautifully handwritten messages. We kept them all.</p><p>"Our families grew close — with the exception of her daughter, Beverly, who had drug and alcohol issues but refused rehab. She studied calligraphy as part of a college graphic design major, a skill that she put to work forging checks. She is now on probation.</p><p>"Ada died a month ago. Yesterday, Beverly came to our office, asking to see me in private, as it was 'something about her mother.' Beverly is the reason I am calling you."</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_7xws2pdR_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="7xws2pdR"> <div id="botr_7xws2pdR_a7GJFMMh_div"></div> </div> </div></div><h2 id="you-have-10-days-to-fork-over-50-000-2">You have 10 days to fork over $50,000</h2><p>Chris says he agreed to see her, but added, "Knowing her past, I activated a small digital voice recorder in my shirt pocket." (In New York, it is legal for one party to record a conversation without the other's knowledge.)</p><p>He played the recording for me. After a friendly, initial chat, Beverly said, in a pleasant tone of voice, "There is an entry from years ago where you were both intimate on a particular Friday after everyone else had left. No one knows this except me. I will give you 10 days to get me $50,000, or I will tell your wife, your medical pals, everyone. Here is the diary. You can read the entry yourself, even make a copy. It's real."</p><p>Chris said, "She handed it to me. As I knew Ada's handwriting, this was an obvious fake. And what was described never happened — I was always out of the country that week, for years, on a medical mission to South America.</p><p>"I remained calm and color-scanned the journal entry, plus several before and after that day, then handed it back to Beverly. I asked for her cell phone number and promised to call her."</p><h2 id="chris-wants-to-protect-ada-s-memory-2">Chris wants to protect Ada's memory</h2><p>Chris did not want to cause embarrassment to Ada's family by involving law enforcement, which could have attracted media attention.</p><p>"I thought of you, Mr. Beaver, because I recall that you wrote about something similar — attempted blackmail. My old, expired passport shows that I was out of the country (on that date), and there was local press coverage of the event, available online. I would appreciate your help in getting this to go away without paying her a cent."</p><p>"Chris," I replied, "if you show Beverly that this could not have happened, I'll wager that she will quietly go away. So, scan and send me the pages in your expired passport that establish identity, your departure/return to the U.S., the stamps in it from the South American country with your entry and departure for that time frame, each year preceding and following, along with the news stories."</p><h2 id="why-keep-expired-passports-and-other-documents-2">Why keep expired passports and other documents?</h2><p>Expired passports are valuable and should be retained, as they can establish your identity and travel history, literally keeping you out of jail if you become the focus of a criminal investigation.</p><p>Other documents you should keep:</p><p><strong>Anything that proves your identity</strong> and/or where you have been, such as your birth certificate, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/credit/t051-c011-s001-10-riskiest-places-to-give-your-social-security-nu.html">Social Security card</a>, transportation stubs (airline, train and bus) and driver's licenses from all the states/places you have lived.</p><p><strong>Paperwork concerning legal status/changes,</strong> such as<strong> </strong>immigration/naturalization records, marriage/divorce judgments, name-change applications and subsequent court approval.</p><p><strong>Property and financial records,</strong> such as<strong> </strong><a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/how-quitclaim-deeds-can-cause-estate-planning-catastrophes">deeds</a>/mortgages, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/insurance/how-your-insurance-protects-you-while-you-are-on-vacation">homeowners/renters insurance policies</a>, tax returns, business licenses, receipts/warranty booklets for major appliances, titles to vehicles, payment records, pension plan information, employment contracts, life and health insurance contracts/payment records, medical records, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/estate-planning/guide-to-creating-your-estate-planning-playbook">wills</a> and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/to-avoid-probate-use-trusts-for-estate-planning">trusts</a>, even if revoked or modified, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/power-of-attorney-types-which-is-right-for-you">powers of attorney</a>, lawsuits/settlement agreements.</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Adviser Intel</strong></em></a><em><strong> (formerly known as Building Wealth), our free, twice-weekly newsletter.</strong></em></p><p>For an excellent discussion of the ways of keeping these documents, including which ones should be kept as originals and which ones may be scanned, I suggest visiting the Kiplinger article <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/how-to-store-your-financial-documents">How to Store Your Financial Documents the Right Way</a>.</p><h2 id="the-plan-to-deal-with-beverly-s-blackmail-attempt-2">The plan to deal with Beverly's blackmail attempt</h2><p>"Chris, here is my idea," I said. "Set up a video call with the three of us. Just tell her that you have a positive resolution and want her to speak with a friend."</p><p>Beverly agreed. I showed her his passport with the entries proving that he was out of the country and said, "Beverly, Chris does not want to bring embarrassment to your family. He is not going to the police. But there is something he would like you to do."</p><p>"Bev," Chris said, tears streaming down his face, "I hope the memory of your mom and your family can help get you on a better path. After completing a six-month rehab program — I will pay the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/insurance/t028-c001-s001-an-easy-way-to-save-on-homeowners-insurance.html">insurance deductible</a> — you can have a job in my office, from mother to daughter. So, what do you say?"</p><p>Tears replaced her smile. She agreed.</p><p>All of this happened about a year ago. Recently, Chris emailed, "When I look at Beverly now, I see Ada."</p><p><em>Dennis Beaver practices law in Bakersfield, Calif., and welcomes comments and questions from readers, which may be faxed to (661) 323-7993, or e-mailed to </em><a data-analytics-id="inline-link" href="mailto:Lagombeaver1@gmail.com" target="_blank"><em>Lagombeaver1@gmail.com</em></a><em>. And be sure to visit </em><a data-analytics-id="inline-link" href="https://dennisbeaver.com/" target="_blank"><em>dennisbeaver.com</em></a><em>.</em></p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/how-to-organize-your-financial-paperwork-for-your-heirs">How to Organize Your Financial Paperwork for Your Heirs</a></li><li><a href="https://www.kiplinger.com/personal-finance/601658/things-you-should-have-in-your-emergency-financial-to-go-kit">How to Save Financial Documents and Information in Case of a Storm or Wildfire</a></li><li><a href="https://www.kiplinger.com/slideshow/saving/t005-s001-the-best-things-to-keep-in-a-safe-deposit-box/index.html">What to Put in a Safe Deposit Box</a></li><li><a href="https://www.kiplinger.com/personal-finance/the-financial-documents-you-should-always-shred">The 8 Financial Documents You Should Always Shred</a></li><li><a href="https://www.kiplinger.com/business/his-employees-dont-work-for-him-but-with-him">His Employees Don't Work 'For' Him, But 'With' Him</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content>
<link>https://www.kiplinger.com/personal-finance/expired-passport-thwarts-blackmail-other-important-documents-to-keep</link>
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<![CDATA[ An optometrist produced his expired passport to foil a blackmail attempt by the daughter of a former employee. After proving he was out of the country on the date of a forged diary entry, he took it a step further. ]]>
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<pubDate>Tue, 16 Sep 2025 09:40:00 +0000</pubDate> <category><![CDATA[Personal Finance]]></category>
<category><![CDATA[Wealth Creation]]></category>
<category><![CDATA[Investing]]></category>
<category><![CDATA[Wealth Management]]></category>
<dc:creator><![CDATA[ H. Dennis Beaver, Esq. ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/vCDvmMgG6oUBoAp5C4BaNG-1280-80.jpg">
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<media:text><![CDATA[An American passport sitting on top of paperwork next to a pen.]]></media:text>
<media:title type="plain"><![CDATA[An American passport sitting on top of paperwork next to a pen.]]></media:title>
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<title><![CDATA[ Optimize, Grow, Retain: The Power of Annual Client Reviews ]]></title>
<dc:content><![CDATA[ <p>For many advisers, annual client reviews can seem like just one more item to check off a lengthy to-do list.</p><p>But annual client reviews are more than just routine check-ins — they're a strategic opportunity to deliver value, build trust and uncover new opportunities.</p><ul><li><strong>For clients,</strong> these reviews help ensure their financial plans can remain aligned with life changes and market conditions.</li><li><strong>For advisers,</strong> they provide a chance to strengthen relationships, introduce new strategies and help grow their business.</li></ul><p>By making annual reviews a cornerstone of your practice, you can help position yourself as a trusted partner in your clients' financial journeys while also helping to drive revenue for your firm.</p><p><em>Kiplinger's Adviser Intel, formerly known as Building Wealth, is a curated network of trusted financial professionals who share expert insights on wealth building and preservation. Contributors, including fiduciary financial planners, wealth managers, CEOs and attorneys, provide actionable advice about retirement planning, estate planning, tax strategies and more. Experts are invited to contribute and do not pay to be included, so you can trust their advice is honest and valuable.</em></p><h2 id="core-benefits-of-reviews-2">Core benefits of reviews</h2><p>Effective annual reviews should benefit both clients and advisers. They provide a structured opportunity to reassess financial goals, address evolving needs and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/savvy-marketing-tips-for-financial-pros-from-a-financial-pro">uncover new opportunities</a>. Here's how these reviews can help deliver value:</p><p><strong>1. Strengthening client relationships</strong></p><ul><li><strong>Build trust.</strong> Regular reviews demonstrate your commitment to understanding and addressing your clients' evolving needs.</li><li><strong>Provide reassurance.</strong> Use these meetings to address concerns, answer questions and provide clarity on financial strategies.</li><li><strong>Showcase expertise.</strong> Face-to-face conversations allow you to position yourself as a proactive advocate who helps clients navigate complex financial decisions.</li></ul><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><p><strong>2. Identifying opportunities for growth</strong></p><ul><li><strong>Reassess financial plans.</strong> Annual reviews allow you to help uncover gaps or misalignments in your clients' strategies.</li><li><strong>Introduce new solutions.</strong> Use the review as a platform to help recommend products or strategies that align with their goals.</li><li><strong>Deliver value.</strong> Position the review as a value-added service that goes beyond basic portfolio management.</li></ul><h2 id="key-areas-to-address-2">Key areas to address</h2><p>Annual reviews are typically most effective when they focus on the areas that matter most to clients. By addressing these key topics, advisers can help ensure their clients' financial plans remain relevant and effective.</p><p><strong>1. Annuity optimization</strong></p><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/annuities-what-they-are-and-how-they-work">Annuities</a> are long-term tools that can become outdated due to changes in <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/interest-rates">interest rates</a>, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/inflation">inflation</a> or personal circumstances. Regular reviews help ensure they remain aligned with clients' goals.</p><ul><li><strong>Evaluate needs.</strong> Assess whether existing annuities still meet the client's financial objectives.</li><li><strong>Explore opportunities.</strong> Identify potential rewrites or exchanges to improve payouts or help reduce costs.</li><li><strong>Educate clients.</strong> Explain how economic changes, like rising interest rates, impact their annuities.</li></ul><p><strong>2. Aligning investment risk with tolerance</strong></p><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retired-or-nearly-retired-time-to-focus-on-risk-reduction">Risk tolerance</a> often shifts over time, especially as clients <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/nearing-retirement-dos-donts-and-a-never">approach retirement</a> or experience life changes. Annual reviews provide an opportunity to realign portfolios with clients' comfort levels.</p><ul><li><strong>Reassess risk profiles.</strong> Adjust portfolios to reflect changes in risk tolerance.</li><li><strong>Introduce new strategies.</strong> Consider conservative growth options or income-focused investments for risk-averse clients.</li><li><strong>Help ensure alignment.</strong> Verify that the portfolio supports both short- and long-term goals.</li></ul><p><strong>3. Tax-efficient strategies</strong></p><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/trump-pushes-for-one-bill-with-focus-on-tax-cuts">Tax laws</a> and financial situations change frequently, creating opportunities for advisers to help clients reduce their tax burdens.</p><ul><li><strong>Review tax situations.</strong> Identify strategies like <a href="https://www.kiplinger.com/taxes/tax-loss-harvesting-helps-to-lower-your-tax-bill">tax-loss harvesting</a> or <a href="https://www.kiplinger.com/retirement/roth-ira-conversion-6-reasons-it-makes-sense">Roth IRA conversions</a>.</li><li><strong>Optimize accounts.</strong> Evaluate the tax efficiency of investment accounts and recommend adjustments.</li><li><strong>Discuss implications.</strong> Explain the tax impact of annuities, 401(k)s and other retirement accounts.</li></ul><p><strong>4. Enhancing retirement plans and income streams</strong></p><p>Retirement readiness is a top priority for most clients. Annual reviews ensure their plans remain on track.</p><ul><li><strong>Assess income strategies.</strong> Evaluate <a href="https://www.kiplinger.com/retirement/social-security/601708/social-security-basics-12-things-you-must-know-about-claiming-and">Social Security</a>, annuities and other income sources to ensure they meet retirement needs.</li><li><strong>Make adjustments.</strong> Recommend changes to address market conditions or shifts in income requirements.</li><li><strong>Maximize 401(k) plans.</strong> Review contributions, investment allocations and employer match opportunities.</li></ul><h2 id="goals-to-establish-2">Goals to establish</h2><p>A well-structured annual review helps ensure the meeting is productive and client-focused. By setting clear objectives, you can optimize the value of these sessions.</p><ul><li><strong>Evaluate financial goals.</strong> Revisit the client's short- and long-term objectives and make changes to address shifting goals.</li><li><strong>Explore new opportunities.</strong> Identify potential investment, income or tax opportunities before meeting with clients, then use the review to educate them on emerging financial products or strategies that may be of benefit.</li><li><strong>Position solutions strategically.</strong> Introduce new tools, such as annuity rewrites or tax-advantaged accounts, as ways to help clients achieve their goals.</li></ul><p><em><strong>Interested in more information for financial professionals? Sign up for Kiplinger’s new twice-monthly free newsletter, </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/business/get-adviser-angle-newsletters"><em><strong>Adviser Angle</strong></em></a><em><strong>.</strong></em></p><h2 id="ways-to-bolster-your-business-2">Ways to bolster your business</h2><p>Annual reviews are also a powerful tool for advisers and can help grow any practice. By leveraging these meetings, you can <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/how-advisers-can-rev-up-sales-with-medicare">uncover new revenue</a> and strengthen <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/savvy-marketing-tips-for-financial-pros-from-a-financial-pro">client retention</a>.</p><p><strong>1. Generate new revenue streams</strong></p><ul><li>Identify gaps in financial plans that can be addressed with new products or services.</li><li>Leverage reviews to potentially introduce solutions like annuity rewrites or tax-advantaged accounts.</li></ul><p><strong>2. Enhance client retention and referrals</strong></p><ul><li>Regular engagement <a href="https://www.kiplinger.com/kiplinger-advisor-collective/financial-advisers-ways-to-build-trust-with-clients">builds trust</a> and loyalty, leading to long-term client relationships.</li><li>Satisfied clients are more likely to refer friends and family, driving organic growth for your firm.</li></ul><h2 id="tips-to-take-away-2">Tips to take away</h2><p>To make the most of annual reviews, consider these practical tips:</p><ul><li><strong>Be proactive.</strong> Don't wait for clients to request a review — initiate the conversation.</li><li><strong>Personalize the experience.</strong> Tailor recommendations to each client's unique circumstances and goals.</li><li><strong>Educate and empower.</strong> Use reviews as an opportunity to educate clients on financial strategies and products.</li><li><strong>Leverage technology.</strong> Use CRM tools and financial planning software to streamline the review process and provide data-driven insights.</li><li><strong>Follow up.</strong> After the review, provide a summary of key takeaways and next steps to keep clients engaged and informed.</li></ul><h2 id="turning-reviews-into-results-2">Turning reviews into results</h2><p>Annual client reviews are a win-win for advisers and clients. By prioritizing regular, meaningful engagement, financial professionals can position themselves as trusted partners in their clients' financial journeys while also enhancing their firm's bottom line.</p><p>Make annual reviews a cornerstone of your practice, and you'll not only help your clients pursue their goals but also set your business up for long-term success.</p><p><em>Advisors Excel's mission is simple yet profound: to help good advisers become great business owners while enabling their clients to enjoy the retirement of their dreams.</em></p><p><em>Investing involves risk, including the potential loss of principal. Any references to protection, safety or lifetime income, generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the issuing carrier.</em></p><p><em>Our firm is not affiliated with the U.S. government or any governmental agency. 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. 8/25 — 4733037</em></p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/taxes/tax-planning/advisers-tax-opportunities-for-clients-in-one-big-beautiful-bill">Six Big Beautiful Opportunities: Advisers' Guide to Tax and Client Strategies</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/how-financial-advisers-can-help-anxious-clients">Addressing Your Clients' Emotional Side: Communication Techniques for Financial Advisers</a></li><li><a href="https://www.kiplinger.com/personal-finance/savvy-marketing-tips-for-financial-pros-from-a-financial-pro">Savvy Marketing Tips for Financial Pros From a Financial Pro</a></li><li><a href="https://www.kiplinger.com/retirement/how-financial-advisers-can-build-retiring-clients-confidence">How Financial Advisers Can Build Retiring Clients' Confidence</a></li><li><a href="https://www.kiplinger.com/retirement/financial-advisers-can-use-fed-funds-rate-to-help-clients">Advisers: Master the Fed Funds Rate, Help Clients Master Retirement</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content>
<link>https://www.kiplinger.com/retirement/retirement-planning/the-power-of-annual-client-reviews-by-financial-advisers</link>
<description>
<![CDATA[ Financial advisers can use annual reviews to help enhance client outcomes, strengthen relationships and build their practice. ]]>
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<pubDate>Tue, 16 Sep 2025 09:35:00 +0000</pubDate> <category><![CDATA[Retirement Planning]]></category>
<category><![CDATA[Wealth Creation]]></category>
<category><![CDATA[Estate Planning]]></category>
<category><![CDATA[Tax Planning]]></category>
<category><![CDATA[Retirement]]></category>
<category><![CDATA[Investing]]></category>
<category><![CDATA[Wealth Management]]></category>
<category><![CDATA[Taxes]]></category>
<author><![CDATA[ connect@advisorsexcel.com (Matt Neuman) ]]></author> <dc:creator><![CDATA[ Matt Neuman ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/ko5QMUW5wqpAaptBP7K5EA-1280-80.jpg">
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<title><![CDATA[ I'm a Real Estate Investing Pro: This Is What Investors Should Know About Truck Stop Investments ]]></title>
<dc:content><![CDATA[ <p>In the world of commercial real estate, some asset classes offer the potential for stability and predictable returns, while others carry hidden risks that can quickly erode investor value. Truck stops fall squarely into the latter category.</p><p>While they may appear attractive due to their necessity in the transportation sector, the reality is that these investments are fraught with volatility, operator instability and long-term disruption risks.</p><p>In contrast, traditional real estate sectors like industrial properties, net leased properties to essential businesses, grocery-anchored retail and multifamily apartments often offer more reliable return potential and much lower operational risk.</p><p><em>Kiplinger's Adviser Intel, formerly known as Building Wealth, is a curated network of trusted financial professionals who share expert insights on wealth building and preservation. Contributors, including fiduciary financial planners, wealth managers, CEOs and attorneys, provide actionable advice about retirement planning, estate planning, tax strategies and more. Experts are invited to contribute and do not pay to be included, so you can trust their advice is honest and valuable.</em></p><p>This article explores why truck stop real estate is a high-stakes gamble — backed by real-world examples of truck stop operator failures — and why investors, especially <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/delaware-statutory-trust-dst-exit-strategies-what-happens-when-the-trust-sellshttps://www.kiplinger.com/real-estate/delaware-statutory-trusts-here-to-stay">Delaware statutory trust (DST)</a> and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/1031-exchange-rules-you-need-to-know">1031 exchange</a> investors, should prioritize more resilient asset classes.</p><h2 id="fuel-price-volatility-and-operator-instability-2">Fuel price volatility and operator instability</h2><p>One of the most significant risks of truck stop real estate is its direct exposure to fuel price fluctuations.</p><p>Unlike multifamily or industrial properties, where tenants sign long-term leases and potentially pay rent regardless of broader economic conditions, truck stop operators rely on fuel sales to stay profitable.</p><p>When diesel or gasoline prices surge, margins compress, and operators often struggle to cover expenses. This vulnerability has led to numerous bankruptcies and restructurings in the industry.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_TZ5u6hI1_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="TZ5u6hI1"> <div id="botr_TZ5u6hI1_a7GJFMMh_div"></div> </div> </div></div><p>For example, in 2008, Flying J, one of the largest truck stop chains in the U.S., <a data-analytics-id="inline-link" href="https://www.cspdailynews.com/company-news/flying-j-sites-sell-117-billion" target="_blank">filed for Chapter 11 bankruptcy</a> after suffering massive losses from fuel hedging and debt obligations.</p><p>The company was forced to restructure and sell off assets, leaving landlords with uncertainty and potential vacancies.</p><p>Similarly, Petro, another major truck stop operator, faced financial distress in 2020 and underwent restructuring, disrupting cash flows for property owners.</p><p>Smaller operators are even more susceptible. The National Association of Truck Stop Operators (<a data-analytics-id="inline-link" href="https://www.natso.com/" target="_blank">NATSO</a>) has noted that rising credit card processing fees, labor shortages and competition from national chains have pushed many independents out of business.</p><p>The truck stop and fuel industry is inherently cyclical and highly susceptible to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/slideshow/investing/t038-s001-recessions-10-facts-you-must-know/index.html">economic downturns</a>.</p><p>As highlighted in a <a data-analytics-id="inline-link" href="https://brevitas.com/blog/investing-in-gas-stations-trends-returns-risks-and-real-estate-insights" target="_blank">recent report</a>, key investor risks include a heavy reliance on location, vulnerability to macroeconomic shifts and rising operational costs — where increased expenses for payroll and insurance can swiftly erode cash flow and profitability.</p><p>For landlords, this translates to sudden lease defaults, costly re-leasing efforts and prolonged vacancies — risks that are far less common in industrial, retail and medical real estate, where tenants have stronger credit profiles and longer-term commitments.</p><h2 id="the-threat-of-technological-and-regulatory-disruption-2">The threat of technological and regulatory disruption</h2><p>Beyond fuel price risks, the truck stop industry faces existential threats from evolving transportation trends. The rise of electric semi-trucks (e.g., Tesla Semi, Volvo and Freightliner models) and government mandates for zero-emission vehicles will drastically <a data-analytics-id="inline-link" href="https://dispatchrepublic.com/the-rise-of-electric-trucks-what-fleet-managers-should-anticipate/" target="_blank">reduce demand for traditional diesel pumps</a>.</p><p>The same article cites that, unlike gas stations, which can adapt by adding EV chargers, truck stops require significant infrastructure overhauls to accommodate high-capacity charging — a cost many operators cannot afford.</p><p><em><strong>Interested in more information for financial professionals? Sign up for Kiplinger’s new twice-monthly free newsletter, </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/business/get-adviser-angle-newsletters"><em><strong>Adviser Angle</strong></em></a><em><strong>.</strong></em></p><p>Autonomous trucking adds another layer of risk. Companies like TuSimple and Waymo are testing self-driving freight vehicles that optimize routes and reduce the need for driver-centric amenities like <a data-analytics-id="inline-link" href="https://truckparkingclub.com/news/future-of-truck-parking-business-with-self-driving-trucks/" target="_blank">showers, restaurants and parking</a>.</p><p>If adoption accelerates, truck stops could see declining foot traffic and revenue, making them less viable for tenants — and, by extension, less reliable for landlords.</p><p>These disruptions <a data-analytics-id="inline-link" href="https://www.cbre.com/insights/books/us-real-estate-market-outlook-2025" target="_blank">contrast sharply</a> with industrial and multifamily real estate, which benefit from long-term megatrends like e-commerce growth, urbanization and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/buying-a-home/603189/how-to-win-in-a-red-hot-housing-market">housing shortages</a>.</p><p>While no asset class is entirely immune to market shifts and they all contain risks, the structural demand for warehouses, apartments and grocery-anchored retail is believed by many industry experts to be far more durable than the uncertain future of truck stops.</p><h2 id="why-industrial-multifamily-and-core-retail-are-safer-alternatives-2">Why industrial, multifamily and core retail are safer alternatives</h2><p>While all real estate carries risk, the truck stop sector's dependence on fuel sales, operator solvency and outdated infrastructure makes it uniquely volatile. Industrial properties, for example, benefit from e-commerce growth and supply chain demand, with tenants signing <a data-analytics-id="inline-link" href="https://getstake.com/content-hub/blog/articles/the-impact-of-e-commerce-on-us-warehouse-demand" target="_blank">10-plus-year leases</a>.</p><p>Multifamily housing in core markets thrives on inelastic demand for housing, with rent collections potentially remaining stable even <a data-analytics-id="inline-link" href="https://primior.com/commercial-real-estate-vs-multifamily-which-brings-better-returns-in-2025/#:~:text=Multifamily%20investments%20stay%20strong%20because,multifamily%20remarkably%20stable%20during%20recessions." target="_blank">during downturns</a>.</p><p>Grocery-anchored retail, meanwhile, is typically considered <a data-analytics-id="inline-link" href="https://brevitas.com/blog/investing-in-grocery-stores-and-food-markets-trends-returns-and-risks" target="_blank">recession-resistant</a>, as consumers prioritize essentials regardless of economic conditions.</p><p>For investors seeking reliable cash flow potential without the roller coaster of fuel prices and operator bankruptcies, these traditional asset classes offer a far safer path to long-term returns.</p><h2 id="conclusion-prioritizing-stability-over-speculation-2">Conclusion: Prioritizing stability over speculation</h2><p>Truck stop real estate may seem appealing at first glance, but the risks — fuel price swings, operator failures and technological disruption — far outweigh the potential rewards.</p><p>By contrast, industrial, multifamily and core retail investments provide the potential for durable demand, stronger tenants and lower volatility.</p><p>For landlords and investors, the choice is clear: Avoid the fuel industry's pitfalls and focus on asset classes built for resilience.</p><p>Investors, whether they be 1031 exchange DST investors or direct investors, must also beware truck stop investments that have large balloon mortgages on them.</p><p>If the property has a large mortgage and the truck stop operator defaults on their lease payment, the investors will likely lose their entire principal amount invested to a lender foreclosure.</p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/car-wash-investing-cut-tax-grime-and-polish-your-portfolio">Car Wash Investing: Cut Tax Grime and Polish Your Portfolio</a></li><li><a href="https://www.kiplinger.com/real-estate/real-estate-investing-tax-smart-strategies">Three Tax-Smart Strategies for Real Estate Investing</a></li><li><a href="https://www.kiplinger.com/real-estate/investing-in-debt-free-dst-properties-makes-sense-today">Why Investing in Debt-Free DST Properties Makes Sense Today</a></li><li><a href="https://www.kiplinger.com/real-estate-investing/the-risks-of-forced-dst-to-upreit-conversions">The Risks of Forced DST-to-UPREIT Conversions, From a Real Estate Expert</a></li><li><a href="https://www.kiplinger.com/retirement/how-to-use-dsts-and-1031-exchanges-for-diversification">How to Use DSTs and 1031 Exchanges for Diversification</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content>
<link>https://www.kiplinger.com/real-estate/real-estate-investing/what-investors-should-know-about-truck-stop-investments</link>
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<![CDATA[ Truck stops might seem like good investments, but they can actually be a risky gamble due to unstable fuel prices, unreliable operators and coming changes in transportation. Instead, consider safer options like industrial or residential properties. ]]>
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<pubDate>Tue, 16 Sep 2025 09:30:00 +0000</pubDate> <category><![CDATA[Real Estate Investing]]></category>
<category><![CDATA[Wealth Creation]]></category>
<category><![CDATA[Real Estate]]></category>
<category><![CDATA[Investing]]></category>
<category><![CDATA[Wealth Management]]></category>
<author><![CDATA[ dwightkay@kpi1031.com (Dwight Kay) ]]></author> <dc:creator><![CDATA[ Dwight Kay ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/MMZiemksDb6uRRxuBnQFHA-1280-80.jpg">
<media:credit><![CDATA[Getty Images]]></media:credit>
<media:text><![CDATA[Semis lined up at a truck stop.]]></media:text>
<media:title type="plain"><![CDATA[Semis lined up at a truck stop.]]></media:title>
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<title><![CDATA[ Confused About the New COVID Vaccine and Medicare? What You Need to Know ]]></title>
<dc:content><![CDATA[ <p>Medicare generally covers the COVID-19 vaccine, including all updated versions, at no cost to beneficiaries. However, some people have been charged or turned away due to recent issues with pharmacy billing and system updates, as well as a delay between the FDA's and CDC's formal recommendations.</p><p>Here's what Medicare beneficiaries need to know about getting the COVID-19 vaccine this fall.</p><h2 id="does-medicare-cover-covid-19-vaccinations-2">Does Medicare cover COVID-19 vaccinations?</h2><p>Medicare's coverage of the COVID-19 vaccine falls under <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/603541/what-you-must-know-about-the-different-parts-of-medicare">Medicare Part B</a>, which also <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/vaccines-medicare-covers-for-free">covers other preventive vaccines</a> like the flu and pneumonia shots. This means you should not have to pay a copay, deductible, or any other out-of-pocket costs for the vaccine itself or for its administration, as long as the provider accepts Medicare assignment.</p><p>This <a data-analytics-id="inline-link" href="https://www.medicare.gov/coverage/coronavirus-disease-2019-covid-19-vaccine" target="_blank">coverage applies whether you have original Medicare or a Medicare Advantage Plan</a> (MA). MA plans must, at a minimum, <a data-analytics-id="inline-link" href="https://www.medicare.gov/basics/get-started-with-medicare/get-more-coverage/your-coverage-options/compare-original-medicare-medicare-advantage" target="_blank">cover everything Medicare covers</a>. If your Medicare Part B plan covers the COVID-19 vaccine, then your MA plan also has to cover it. However, if you have a Medicare Advantage plan, you may need to go to a pharmacy or provider that is in your plan's network.</p><p>The biggest source of confusion and barrier to Medicare beneficiaries getting their COVID-19 vaccine covered by <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/medicare-basics-things-you-need-to-know">Medicare</a> is the CDC's failure to formally adopt the FDA's <a data-analytics-id="inline-link" href="https://www.fda.gov/vaccines-blood-biologics/industry-biologics/covid-19-vaccines-2025-2026-formula-use-united-states-beginning-fall-2025" target="_blank">2025-26 COVID-19 vaccine recommendations</a>.</p><p>The Advisory Committee on Immunization Practices (<a data-analytics-id="inline-link" href="https://www.cdc.gov/acip/about/role-in-vaccine-recommendations.html" target="_blank">ACIP</a>), a CDC panel comprised of experts, <a data-analytics-id="inline-link" href="https://www.cidrap.umn.edu/covid-19/newly-appointed-cdc-vaccine-advisory-committee-holds-first-meeting-stirs-more-controversy" target="_blank">has yet to vote on the updated recommendations</a> and give them its stamp of approval.</p><p>In June, HHS Secretary Kennedy removed all 17 members of the panel, stating in <a data-analytics-id="inline-link" href="https://www.axios.com/2025/06/09/rfk-scraps-vaccine-advisory-committee" target="_blank">a press release,</a> “A clean sweep is necessary to reestablish public confidence in vaccine science” and "ACIP's new members will prioritize public health and evidence-based medicine."</p><h2 id="why-some-people-are-being-denied-coverage-2">Why some people are being denied coverage</h2><p>Despite Medicare's<a data-analytics-id="inline-link" href="https://www.medicare.gov/coverage/coronavirus-disease-2019-covid-19-vaccine#coverage-content-costs" target="_blank"> policy of covering the vaccine</a>, some Medicare participants are being improperly denied coverage for the new COVID-19 vaccine at pharmacies. This is partly due to a splintered regulatory environment, creating confusion for both patients and pharmacists.</p><p>The CDC's Advisory Committee on Immunization Practices (<a data-analytics-id="inline-link" href="https://www.cdc.gov/acip/about/role-in-vaccine-recommendations.html" target="_blank">ACIP</a>) met on June 25. Despite the notice regarding the meeting posted to the <a data-analytics-id="inline-link" href="https://www.federalregister.gov/documents/2025/06/09/2025-10432/meeting-of-the-advisory-committee-on-immunization-practices" target="_blank">Federal Register</a> on June 9, including recommendation votes for COVID-19 vaccines under 'Matters to be Considered,' the vote did not take place. They did, however, <a data-analytics-id="inline-link" href="https://www.cdc.gov/acip/vaccine-recommendations/index.html" target="_blank">approve recommendations for the RSV and seasonal influenza vaccines</a>.</p><p><strong>FDA approval vs. CDC recommendation.</strong> The new COVID-19 vaccine has received <a data-analytics-id="inline-link" href="https://www.fda.gov/vaccines-blood-biologics/industry-biologics/covid-19-vaccines-2025-2026-formula-use-united-states-beginning-fall-2025" target="_blank">approval from the U.S. Food and Drug Administration</a>(FDA) for specific groups, including those 65 and older and those with certain underlying health conditions that increase their risk of severe COVID-19. FDA approval alone doesn't guarantee access to the vaccine.</p><p>In 18 states and Washington, D.C., pharmacists are only permitted to administer a vaccine if it has also been recommended by the CDC's Advisory Committee on Immunization Practices (ACIP), said Brigid Groves, the <a data-analytics-id="inline-link" href="https://www.pharmacist.com/" target="_blank">American Pharmacists Association’</a>s Vice President of Professional Affairs, <a data-analytics-id="inline-link" href="https://www.politifact.com/article/2025/aug/29/can-i-get-an-updated-covid-19-vaccine-this-year-is/" target="_blank">as reported</a> by Politifact.</p><p>The lack of official recommendations has created a "regulatory patchwork" where some pharmacies are holding off on administering the vaccine to anyone, or are only offering it with a doctor's prescription.</p><p>Here are the key reasons for these denials:</p><ul><li><strong>State-specific regulations:</strong> A number of states have laws or regulations that prevent pharmacists from giving vaccines that aren't on the ACIP's recommended list, even if the FDA has already authorized them. This means that a person could be eligible for the vaccine under the FDA's criteria, but the pharmacy is legally unable to administer it until the ACIP recommendation comes through. <ul><li>Those states are: Colorado, Connecticut, Georgia, Iowa, Kentucky, Maine, Maryland, Massachusetts, Montana, Nevada, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, South Carolina, Virginia and West Virginia. </li></ul></li><li><strong>The shift to a commercial market post-pandemic:</strong> COVID-19 vaccines transitioned to the commercial market after <a href="https://www.fda.gov/emergency-preparedness-and-response/mcm-legal-regulatory-and-policy-framework/emergency-use-authorization" target="_blank"><u>Secretary Kennedy declared in August</u></a> that the public health emergency was over. While Medicare continues to cover the vaccine series and boosters, the process for billing and reimbursement has changed. Some pharmacies may be facing administrative hurdles or are confused about the new billing codes, leading them to deny coverage to avoid issues.</li></ul><h2 id="what-happens-if-you-are-denied-coverage-2">What happens if you are denied coverage</h2><p>According to Newsweek, some Medicare beneficiaries who were denied coverage for the COVID-19 vaccine were told to pay out of pocket, with costs exceeding $200.</p><p>For instance, a woman in California was initially denied coverage because the vaccine "wasn't in the Medicare system." She chose to pay $225 out of pocket for the shot. In a similar case, a couple in Texas encountered the same denial but was able to get their shots after Medicare updated its system.</p><p>If you have Medicare and meet the FDA's criteria, a denial for a covered vaccine is improper. The FDA has approved the COVID-19 vaccine for people 65 and older.</p><p>If you have trouble getting your vaccine, first confirm your eligibility based on the FDA's criteria, then contact Medicare directly at 1-800-MEDICARE for help.</p><p><strong>Call your pharmacy before you go</strong>. With all of the confusion over FDA vs CDC approval and the need to update computer systems to properly process vaccine authorizations at pharmacy counters, it's worth a phone call to your local pharmacy before you head out.</p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/medicare/vaccines-medicare-covers-for-free">Vaccines Medicare Covers for Free in 2025</a></li><li><a href="https://www.kiplinger.com/retirement/medicare/medicare-changes-coming-in-2026">Seven Medicare Changes Coming in 2026</a></li><li><a href="https://www.kiplinger.com/retirement/medicare/what-does-medicare-not-cover">What Does Medicare Not Cover? Eight Things You Should Know</a></li><li><a href="https://www.kiplinger.com/retirement/medicare/what-medicare-gives-you-for-free">18 Things Medicare Gives You For Free</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/retirement/medicare/the-new-covid-vaccine-and-medicare-what-you-need-to-know</link>
<description>
<![CDATA[ Getting the new COVID-19 vaccine covered by Medicare isn't as easy this year as it was in the past. Here's what you need to know before you take a trip to your pharmacy. ]]>
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<pubDate>Mon, 15 Sep 2025 21:56:35 +0000</pubDate> <category><![CDATA[Medicare]]></category>
<category><![CDATA[Health Insurance]]></category>
<category><![CDATA[Retirement]]></category>
<category><![CDATA[Personal Finance]]></category>
<category><![CDATA[Insurance]]></category>
<dc:creator><![CDATA[ Donna LeValley ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/eXJK9FzuD4te3nvaK7nTdU-1280-80.jpg">
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<media:text><![CDATA[A vial of coronavirus vaccine on a vaccination record card with a syringe on the side]]></media:text>
<media:title type="plain"><![CDATA[A vial of coronavirus vaccine on a vaccination record card with a syringe on the side]]></media:title>
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<title><![CDATA[ How Digital Platforms Are Changing the Way You Invest in Gold ]]></title>
<dc:content><![CDATA[ <p>Once upon a time, if you wanted to invest in gold, you'd need to find a reputable dealer, verify the authenticity of the product, arrange payment and then secure transportation and storage of the physical bouillon all on your own.</p><p>For many, the result was the most expensive headache you'd ever endured. The time-consuming process made investing in gold feel like a luxury reserved for the ultra-wealthy or most dedicated of hobbyists.</p><p>Today, digital platforms are rewriting the gold investing story. You can buy gold while handing logistical headaches over to someone else. This modernization has not only streamlined the investing process but also democratized access, enhanced transparency, and fundamentally transformed gold from a cumbersome physical asset into a liquid, digital one.</p><h2 id="democratizing-access-gold-for-everyone-2">Democratizing access: Gold for everyone</h2><p>One of the biggest barriers to buying gold used to be the sheer cost of the endeavor. Traditionally, investing in gold would require significant upfront capital to cover the full cost of a coin or bar. Prices could be thousands of dollars. This high entry point prevented many would-be investors from adding the precious metal to their portfolios.</p><p>Digital platforms are dismantling this barrier and making gold as accessible as a low-cost ETF. Through them, you can start investing at nearly any amount using <a data-analytics-id="inline-link" href="https://support.onegold.com/hc/en-us/articles/360014877271-How-much-gold-silver-or-platinum-do-I-have-to-purchase-at-a-time"><u>fractional ounces</u></a>.</p><p>You own an interest in the metals held by the platform’s custodian through "pooled metal positions." This model is essentially the physical asset version of fractional share investing for stocks, where you can buy a piece of an asset that would otherwise be too expensive to own.</p><p>This reduced cost to invest means almost anyone can add gold to their portfolio. Some companies are even offering <a data-analytics-id="inline-link" href="https://www.onegold.com/thebullioncard"><u>credit cards that invest points earned directly into digital gold</u></a>. So, all you need to do is buy a cup of coffee to start investing in gold.</p><div class="product star-deal"><a data-dimension112="73bb406a-a6a7-44c0-911d-334933c4fccb" data-action="Star Deal Block" data-label="Gold and Silver Simplified" data-dimension48="Gold and Silver Simplified" href="https://www.onegold.com/" target="_blank" rel="nofollow sponsored"><figure class="van-image-figure " ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:800px;"><p class="vanilla-image-block" style="padding-top:100.00%;"><img id="djytoNopEZg4HxWxVmgrj7" name="Gold and Silver Simplified (1)" caption="" alt="" src="https://cdn.mos.cms.futurecdn.net/djytoNopEZg4HxWxVmgrj7.jpg" mos="" align="middle" fullscreen="" width="800" height="800" attribution="" endorsement="" credit="" class=""></p></div></div></figure></a><p><a href="https://www.onegold.com/" target="_blank" rel="nofollow sponsored" data-dimension112="73bb406a-a6a7-44c0-911d-334933c4fccb" data-action="Star Deal Block" data-label="Gold and Silver Simplified" data-dimension48="Gold and Silver Simplified" data-dimension25=""><strong>Gold and Silver Simplified</strong></a></p><p>OneGold gives you direct ownership of vaulted gold, silver, and platinum at an ultra-low cost. A free account will provide you with 24/7 access and the peace of mind that comes through dealing with industry leaders.<a class="view-deal button" href="https://www.onegold.com/" target="_blank" rel="nofollow sponsored" data-dimension112="73bb406a-a6a7-44c0-911d-334933c4fccb" data-action="Star Deal Block" data-label="Gold and Silver Simplified" data-dimension48="Gold and Silver Simplified" data-dimension25="">View Deal</a></p></div><h2 id="the-age-of-convenience-buy-sell-track-24-7-2">The age of convenience: Buy, sell, track 24/7</h2><p>Alongside lower financial hurdles to investing, digital platforms are streamlining the entire gold investing process. Gone are the days of needing to navigate suppliers, authenticators, and transportation and storage providers. You can now buy and sell gold online around the clock with a few clicks of your mouse or taps on your smartphone.</p><p>Desktop sites and <a data-analytics-id="inline-link" href="https://www.onegold.com/mobileapp"><u>mobile apps for gold investing</u></a> allow you to effectively keep your gold portfolio in your pocket. You can track your gold's value and trade from any place at any time. This has turned a notoriously illiquid asset into one with access even ETF investors would envy.</p><p>Digital platforms provide a blend of direct ownership and digital convenience that not even gold ETFs can achieve. Since you own the asset directly, you can always <a data-analytics-id="inline-link" href="https://www.onegold.com/redeem#:~:text=Redeem%20allows%20you,price%20minus%200.30%25."><u>redeem your gold</u></a> instead of selling it online, and have the physical metal delivered to your address.</p><h2 id="a-clearer-view-transparency-and-trust-2">A clearer view: Transparency and trust</h2><p>Trust is paramount in any financial transaction, especially when dealing in physical goods you may never see in person. Digital platforms are enhancing industry trust through heightened levels of transparency.</p><p>These platforms may back every unit of digital gold investment with an equivalent amount of the physical metal. This is audited by a third party, and many services provide public reports that verify their inventory against all outstanding customer holdings.</p><p>Other platforms are taking this a step further by leveraging blockchain technology through gold tokenization. Each digital token represents a specific weight of physical gold, and every transaction is recorded on the blockchain to create a transparent and immutable, auditable trail.</p><h2 id="the-ultimate-lockbox-cost-effective-and-simplified-storage-2">The ultimate lockbox: Cost-effective and simplified storage</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="eiTJa8KDq9DrLCqP2wQU5e" name="GettyImages-672152319" alt="Rusty wheelbarrow full of gold bars" src="https://cdn.mos.cms.futurecdn.net/eiTJa8KDq9DrLCqP2wQU5e.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>When you own physical gold, the question becomes where to keep it. You're responsible for finding a secure storage location, be it a home safe or insured vault, and covering the associated storage and transportation costs. With digital gold platforms, this is all handled for you.</p><p>Many platforms partner with trusted, third-party storage companies where your gold is stored in high-security vaults. You may have your choice of domestic and international custodians, including top names in the industry like Brinks and APMEX.</p><p>The storage fees are typically bundled with <a data-analytics-id="inline-link" href="https://www.onegold.com/storage-fees"><u>insurance and auditing</u></a> services in a single annual fee. This is often calculated as a percentage of your gold's value, much like the expense ratio you'd pay on an ETF.</p><p>What's more, that price may be even lower than the expense ratio you'll find on many gold ETFs, although minimums may apply. For small balances, this approach is often considerably less expensive than managing private storage.</p><h2 id="not-a-perfect-picture-understanding-the-risks-2">Not a perfect picture: Understanding the risks</h2><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:2120px;"><p class="vanilla-image-block" style="padding-top:66.70%;"><img id="Z84FBLZr9tkKJALH7sTPzR" name="GettyImages-1186020644" alt="A game of chess is being played with one gold piece" src="https://cdn.mos.cms.futurecdn.net/Z84FBLZr9tkKJALH7sTPzR.jpg" mos="" align="middle" fullscreen="" width="2120" height="1414" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><p>While digital gold investing has much to offer, it’s important to acknowledge the risks before investing. The primary risk with digital gold is counterparty risk. You're counting on the platform and its custodian to maintain security and honor your claim to the gold you own if and when you want to sell or redeem. This makes performing your due diligence before investing essential.</p><p>To help you identify trusted partners in the industry, look for platforms that:</p><ul><li>Use reputable, third-party depositories.</li><li>Provide regular, independent audits of their holdings.</li><li>Offer clear and transparent fee structures, including the transaction costs and those applied to storage, transportation and redemption.</li><li>Have strong cybersecurity measures, including multi-factor authentication.</li></ul><p>By choosing a reputable and well-regulated provider, you can minimize the biggest risks while taking full advantage of the revolution that digital platforms are bringing to gold investing.</p><p>The best platforms pair gold’s time-tested value with modern tech’s speed and transparency. The result is a simpler, more appealing option for a new generation of gold investors.</p><h3 class="article-body__section" id="section-related-content"><span>Related content </span></h3><ul><li><a href="https://www.kiplinger.com/retirement/retirement-planning/can-a-gold-ira-counter-sticky-inflation-for-retirement">Can a Gold IRA Counter Sticky Inflation for Retirement?</a></li><li><a href="https://www.kiplinger.com/investing/commodities/gold/22000/7-gold-etfs-with-low-costs">The Cheapest Gold ETFs to Buy Now</a></li><li><a href="https://www.kiplinger.com/slideshow/investing/t026-s001-investing-in-gold-10-facts-you-need-to-know/index.html">Is Investing In Gold Worth It? How Gold Prices Have Changed</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/investing/gold/digital-gold-investing-platforms</link>
<description>
<![CDATA[ Investing in gold is easier than ever thanks to digital platforms. Learn how online tools are lowering costs, increasing transparency and making gold accessible to all investors. ]]>
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<pubDate>Mon, 15 Sep 2025 20:42:32 +0000</pubDate> <category><![CDATA[Gold]]></category>
<category><![CDATA[Investing]]></category>
<category><![CDATA[Personal Finance]]></category>
<category><![CDATA[Commodities]]></category>
<dc:creator><![CDATA[ Coryanne Hicks ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/4hJrriT4vtfSvMLPLA87vB-1280-80.jpg">
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<title><![CDATA[ Stocks Rise to Start Fed Week: Stock Market Today ]]></title>
<dc:content><![CDATA[ <p>Stocks notched comfortable gains Monday as market participants cheered President Donald Trump's upbeat commentary on U.S.-China trade negotiations. Market participants also looked ahead to this week's Fed meeting, where the central bank is expected to issue its first rate cut of the year.</p><p>At the close, the tech-heavy <strong>Nasdaq Composite</strong> was up 0.9% at 22,348 and the broader <strong>S&P 500</strong> had added 0.5% to 6,615 – new record closing highs – while the blue chip <strong>Dow Jones Industrial Average</strong> tacked on 0.1% to 45,883.</p><div class="tradingview-widget-container"> <div class="tradingview-widget-container__widget"></div> <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-market-overview.js" async>{"source":"marketOverview","id":"ebc268ae-5ca5-40d4-a4c8-fd2fcb86d61b","colorTheme":"light","dateRange":"12M","showChart":true,"locale":"en","largeChartUrl":"","isTransparent":false,"showSymbolLogo":true,"showFloatingTooltip":false,"width":"400","height":"550","plotLineColorGrowing":"rgba(41, 98, 255, 1)","plotLineColorFalling":"rgba(41, 98, 255, 1)","gridLineColor":"rgba(240, 243, 250, 0)","scaleFontColor":"rgba(19, 23, 34, 1)","belowLineFillColorGrowing":"rgba(41, 98, 255, 0.12)","belowLineFillColorFalling":"rgba(41, 98, 255, 0.12)","belowLineFillColorGrowingBottom":"rgba(41, 98, 255, 0)","belowLineFillColorFallingBottom":"rgba(41, 98, 255, 0)","symbolActiveColor":"rgba(41, 98, 255, 0.12)","tabs":[{"title":"Indices","originalTitle":"Indices","symbols":[{"d":"S&P 500 Index","s":"FOREXCOM:SPXUSD"},{"d":"Dow Jones Industrial Average Index","s":"FOREXCOM:DJI"},{"d":"Nasdaq Composite","s":"NASDAQ:IXIC"}]},{"title":"Futures","originalTitle":"Futures","symbols":[{"d":"S&P 500","s":"CME_MINI:ES1!"},{"d":"Euro","s":"CME:6E1!"},{"d":"Gold","s":"COMEX:GC1!"},{"d":"WTI Crude Oil","s":"NYMEX:CL1!"},{"d":"Gas","s":"NYMEX:NG1!"},{"d":"Corn","s":"CBOT:ZC1!"}]},{"title":"Bonds","originalTitle":"Bonds","symbols":[{"d":"T-Bond","s":"CBOT:ZB1!"},{"d":"Ultra T-Bond","s":"CBOT:UB1!"},{"d":"Euro Bund","s":"EUREX:FGBL1!"},{"d":"Euro BTP","s":"EUREX:FBTP1!"},{"d":"Euro BOBL","s":"EUREX:FGBM1!"}]},{"title":"Forex","originalTitle":"Forex","symbols":[{"d":"EUR to USD","s":"FX:EURUSD"},{"d":"GBP to USD","s":"FX:GBPUSD"},{"d":"USD to JPY","s":"FX:USDJPY"},{"d":"USD to CHF","s":"FX:USDCHF"},{"d":"AUD to USD","s":"FX:AUDUSD"},{"d":"USD to CAD","s":"FX:USDCAD"}]}],"realType":"embed"}</script></div><p>Trade talks between top officials from the United States and China continued for a second day today, with President Trump posting on <a data-analytics-id="inline-link" href="https://truthsocial.com/@realDonaldTrump/posts/115208260926006345" target="_blank"><u>his Truth Social account</u></a> that the "big Trade Meeting … has gone VERY WELL!"</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_TZ5u6hI1_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="TZ5u6hI1"> <div id="botr_TZ5u6hI1_a7GJFMMh_div"></div> </div> </div></div><p>In the same post, Trump wrote that, "A deal was also reached on a 'certain' company that young people in our Country very much wanted to save. They will be very happy!"</p><p>He is likely referring to TikTok, whose parent company ByteDance had a September 17 deadline to either divest the popular social media platform or be forced to shut down its operations in the U.S. Trump noted that he will meet with Chinese President Xi Jinping this Friday to discuss the terms of the deal.</p><h2 id="trump-chimes-in-on-rate-cuts-ahead-of-the-september-fed-meeting-2">Trump chimes in on rate cuts ahead of the September Fed meeting</h2><p>President Trump also took to Truth Social to weigh in on <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/interest-rates">interest rates</a> ahead of the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/live/fed-meeting-live-updates-and-commentary-september-2025">September Fed meeting</a>. "'Too Late' MUST CUT INTEREST RATES, NOW, AND BIGGER THAN HE HAD IN MIND. HOUSING WILL SOAR!!!," <a data-analytics-id="inline-link" href="https://truthsocial.com/@realDonaldTrump/posts/115208353139528932" target="_blank"><u>Trump wrote</u></a> ahead of Monday's opening bell.</p><p>According to <a data-analytics-id="inline-link" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html" target="_blank"><u>CME FedWatch</u></a>, futures traders are pricing in a 96% chance the Federal Open Market Committee (FOMC) will cut rates by a quarter-percentage point this time around.</p><p>While odds for a larger half-percentage-point cut have risen slightly over the past month – to 4% from zero in mid-August – <a data-analytics-id="inline-link" href="https://www.linkedin.com/in/jonathan-millar-4410b05" target="_blank"><u>Jonathan Millar</u></a>, senior U.S. economist at Barclays, says that it's doubtful the FOMC will lower the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/what-is-the-federal-funds-rate">federal funds rate</a> by 50 basis points.</p><p>"Incoming data portray a slowed labor market that is not collapsing, and still-gradual upward price pressures from tariffs," Millar writes in a note. "Even with Stephen Miran likely injecting a dovish voice [this] week, the Fed seems on course for sequential 25 basis-point rate cuts through end-2025, with jumbo cuts unlikely."</p><h2 id="nvidia-falls-on-china-s-anti-monopoly-accusations-2">Nvidia falls on China's anti-monopoly accusations</h2><p>In single-stock news, <strong>Nvidia</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=NVDA" target="_blank">NVDA</a>) shares slipped 0.04% today after China said the artificial intelligence (AI) chipmaker violated the country's anti-monopoly law in its 2020 acquisition of Israeli data center solutions provider Mellanox.</p><div class="tradingview-widget-container"> <div class="tradingview-widget-container__widget"></div> <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-single-quote.js" async>{"source":"singleQuote","id":"977ad9d1-4e5f-4fbe-9c82-ccaaf5c2eadf","colorTheme":"light","isTransparent":false,"locale":"en","width":"350","symbol":"nvda","realType":"embed"}</script></div><p>The results of the preliminary investigation were released as the U.S. and China began trade negotiations, and Treasury Secretary Scott Bessent said the two countries "discussed the poor timing of the Nvidia investigation the day of these talks."</p><p>A spokesperson for Nvidia said that the company complies "with the law in all respects," and that it "will continue to cooperate with all relevant government agencies as they evaluate the impact of export controls on competition in the commercial markets."</p><h2 id="tesla-pops-after-musk-s-1-billion-stock-buy-2">Tesla pops after Musk's $1 billion stock buy</h2><p><strong>Tesla</strong> (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/tfn/ticker.html?ticker=TSLA" target="_blank">TSLA</a>) was another notable mover today. The <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/what-are-the-magnificent-7-stocks"><u>Magnificent 7 stock</u></a> was up more than 7% at its intraday high before paring this gain to 3.6% after CEO Elon Musk disclosed a big share purchase.</p><div class="tradingview-widget-container"> <div class="tradingview-widget-container__widget"></div> <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a></div> <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-single-quote.js" async>{"source":"singleQuote","id":"24af6ea5-a5c9-4b26-859d-66dcaafffcfc","colorTheme":"light","isTransparent":false,"locale":"en","width":"350","symbol":"tsla","realType":"embed"}</script></div><p>According to <a data-analytics-id="inline-link" href="https://ir.tesla.com/_flysystem/s3/sec/000110465925089693/000110465925089693-gen.pdf" target="_blank"><u>a regulatory filing</u></a>, Musk bought 2.57 million TSLA shares on Friday for roughly $1 billion. This is his biggest insider stock acquisition ever, according to <a data-analytics-id="inline-link" href="https://www.cnbc.com/2025/09/15/tesla-shares-gain-after-elon-musk-discloses-purchase.html"><u>CNBC</u></a>, and his largest purchase since 2020.</p><p>In other Tesla news, Wedbush analyst <a data-analytics-id="inline-link" href="https://www.wedbush.com/analysts/daniel-ives/" target="_blank"><u>Daniel Ives</u></a> reiterated his Outperform (Buy) rating and $500 price target on the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/best-consumer-discretionary-stocks"><u>consumer discretionary stock</u></a> – representing implied upside of 22% to current levels.</p><p>"We believe Tesla and Musk are heading into a very important chapter of their growth story as the AI Revolution takes hold and the Robotaxi opportunity is now a reality on the doorstep," Ives wrote in a September 14 note.</p><p>Ives added that <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/stocks/stocks-slip-as-job-growth-stalls-stock-market-today"><u>Musk's new pay plan</u></a>, which was announced earlier this month, "was a relief for investors as this will confirm Musk stays CEO of Tesla at least until 2030 in our view as Musk remains the most important asset to Tesla and the Board made the smart and right move."</p><h3 class="article-body__section" id="section-related-content"><span>Related content</span></h3><ul><li><a href="https://www.kiplinger.com/puzzles/quizzes/quiz-how-well-do-you-know-the-fed">Quiz: How Well Do You Know the Fed?</a></li><li><a href="https://www.kiplinger.com/investing/stocks/upcoming-ipos">Hot Upcoming IPOs to Watch</a></li><li><a href="https://www.kiplinger.com/investing/ipos/stubhub-ipo-should-you-buy-stub-stock">StubHub IPO: Should You Buy STUB Stock?</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/investing/stocks/stocks-rise-to-start-fed-week-stock-market-today</link>
<description>
<![CDATA[ The Nasdaq Composite and S&P 500 hit new record closing highs as Wall Street awaits the Fed's next rate cut. ]]>
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<pubDate>Mon, 15 Sep 2025 20:06:05 +0000</pubDate> <category><![CDATA[Stocks]]></category>
<category><![CDATA[Investing]]></category>
<author><![CDATA[ karee.venema@futurenet.com (Karee Venema) ]]></author> <dc:creator><![CDATA[ Karee Venema ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/83jdpUNKgikRFsaiBfafng-1280-80.jpg">
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<title><![CDATA[ The Most Popular Apps for Retirement Planning in 2025 ]]></title>
<dc:content><![CDATA[ <p>Are you happy with your online tool or app for retirement planning? If you're like most people, the security of that app is as important as its navigation speed or visual appeal. That's the finding from a recent J.D. Power study on how consumers view the digital experience when using mobile or online tools for retirement planning.</p><p>Many of these tools act as "data aggregators," linking to your financial accounts at different institutions for the latest balance and investment information. The result is a helpful picture of your assets and portfolio construction in one place. Achieving that clarity, however, means that you need to trust the app with the log-in credentials of your other accounts — making those tools a tempting target for scammers and hackers.</p><p>The <a data-analytics-id="inline-link" href="https://www.jdpower.com/business/press-releases/2025-us-retirement-plan-digital-experience-study" target="_blank"><u>J.D. Power's 2025 U.S. Retirement Plan Digital Experience Study</u></a> benchmarked 18 major banks and financial institutions based on a large survey of U.S. consumers. So, did your retirement platform earn a high score?</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><h2 id="security-is-king-when-using-retirement-planning-apps-2">Security is king when using retirement planning apps</h2><p>Retirement plans are, obviously, valuable assets worth protecting, and it is clear that those turning to mobile planning apps want to ensure that the apps themselves are secure. As a result, there has been a shift in focus from app users prioritizing convenience to ensuring that these programs are as safe as possible.</p><p>"There was a time not long ago when multifactor authentication processes and other digital security measures were dismissed as an annoyance by website and mobile app users," a recent <a data-analytics-id="inline-link" href="https://www.jdpower.com/business/press-releases/2025-us-retirement-plan-digital-experience-study" target="_blank"><u>J.D. Power report</u></a> said. "Now, enhanced security is one of the most critical pieces of the retirement plan digital experience."</p><p>Following recent <a data-analytics-id="inline-link" href="https://cybershieldit.net/10-biggest-data-breaches-in-finance" target="_blank">high-profile data breaches</a>, including the 2017 Equifax breach that exposed the<a data-analytics-id="inline-link" href="https://www.ftc.gov/enforcement/refunds/equifax-data-breach-settlement" target="_blank"><u> data of 147 million Americans</u></a>, it's not surprising that those who use mobile apps to monitor their retirement accounts would want to ensure that no unauthorized individuals can unlawfully access their plan.</p><h2 id="the-best-and-worst-apps-for-retirement-planning-2">The best (and worst) apps for retirement planning</h2><p>J.D. Power asked retirement plan users about their attitudes towards digital apps in general and assessed which apps had the highest customer satisfaction. Scores were out of a total possible 1,000 points. Here's how the 18 financial institutions ranked, where a high score is best.</p><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:882px;"><p class="vanilla-image-block" style="padding-top:123.81%;"><img id="dkHKTk4orquT6uK6QEu6TG" name="JD Power 2025 US Retirement Plan Digital Study" alt="A chart showing customer satisfaction scores of retirement plan digital tools offered by major retirement plan provides, including major banks and financial groups. The top bank is Bank of America and Paychex is the lowest ranking bank." src="https://cdn.mos.cms.futurecdn.net/dkHKTk4orquT6uK6QEu6TG.jpg" mos="" align="middle" fullscreen="" width="882" height="1092" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: J.D. Power 2025 U.S. Retirement Plan Digital Experience Study™. Rankings based on numerical scores and not necessarily on statistical significance.)</span></figcaption></figure><p>The study measured customer satisfaction across four areas: design, system performance, tools and capabilities and finally, the quality of information provided. The study is based on responses given by 7,151 plan participants in 2025.</p><p>For those stuck with a bad retirement planning tool, switching to a different institution's platform might make sense. Yes, it will be painful in the short-term to transfer all of those account credentials, but if you feel the security and user experience is better, you'll be more likely to actually use the app. Just be sure you know what happens to your data when you move it off a given system; you might call customer service to make sure your information has been deleted. Make sure you have opted out of data sharing and de-linked financial accounts where possible.</p><p>Remember that the J.D. Power study is just one measure of these tools' usefulness. You should also consider whether they require you to establish a retirement account (in which case, fees and terms are important). Working with a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/how-to-find-a-financial-adviser-for-retirement-planning">financial adviser with a retirement planning focus</a> is another to set pick a platform. Note that advisers often use their own industry software, such as MoneyGuide and eMoney.</p><p>As sophisticated as these platforms are, AI will jump start new innovations in how you work with your financial data. AI is already helping companies protect against security breaches — and making companies and their customers <a data-analytics-id="inline-link" href="https://www.kiplinger.com/business/how-ai-puts-company-data-at-risk">more vulnerable</a> at the same time.</p><h3 class="article-body__section" id="section-read-more"><span>Read More</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/happy-retirement/banking-tasks-retirees-can-do-online-or-via-a-mobile-app">Seven Banking Tasks Retirees Can Do Online or Via a Mobile App</a></li><li><a href="https://www.kiplinger.com/investing/how-to-pick-the-best-robo-advisor-for-you">How to Pick the Best Robo Adviser for You</a></li><li><a href="https://www.kiplinger.com/retirement/your-online-security-10-things-you-should-know">Your Online Security: 10 Things You Should Know</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/the-vinyl-rule-of-retirement-plan-for-two-sides-in-your-next-act">The 'Vinyl Rule' of Retirement: Plan for Two Sides in Your Next Act</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/retirement/retirement-plans/the-most-popular-apps-for-retirement-planning</link>
<description>
<![CDATA[ A J.D. Power survey ranks retirement planning apps based on customer service and satisfaction. Does your financial app make the cut? ]]>
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<pubDate>Mon, 15 Sep 2025 10:07:00 +0000</pubDate> <category><![CDATA[Retirement Plans]]></category>
<category><![CDATA[Retirement]]></category>
<dc:creator><![CDATA[ Christy Bieber ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/kb5aTcKbokP8bvRg4rSN4n-1280-80.jpg">
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<title><![CDATA[ Don't Disinherit Your Grandchildren: The Hidden Risks of Retirement Account Beneficiary Forms ]]></title>
<dc:content><![CDATA[ <p>Retirement accounts often represent a substantial portion of a client's estate, yet the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/designating-beneficiaries-in-estate-planning">beneficiary designation</a> forms that control their distribution are too often treated as an afterthought.</p><p>Estate planning attorneys are familiar with the routine: The client names their spouse as the primary beneficiary and their children as contingent beneficiaries — focusing solely on the fact that they want their accounts to avoid <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/what-is-probate-and-who-has-to-deal-with-it">probate</a>.</p><p>But what happens if one of those children dies prematurely? In far too many cases, the grandchildren are unintentionally excluded, even when the intent was to provide for them.</p><p>The boilerplate forms provided by financial institutions generally do not handle <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/estate-planning-for-multigenerational-living-arrangements">multigenerational planning</a> well and rarely accommodate the special considerations that arise in second marriages, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning-and-your-special-needs-child">special-needs situations</a>, minor beneficiaries or those with serious <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/trust-provisions-addressing-substance-use-require-flexibility">drug or alcohol problems</a>.</p><p><em>Kiplinger's Adviser Intel, formerly known as Building Wealth, is a curated network of trusted financial professionals who share expert insights on wealth building and preservation. Contributors, including fiduciary financial planners, wealth managers, CEOs and attorneys, provide actionable advice about retirement planning, estate planning, tax strategies and more. Experts are invited to contribute and do not pay to be included, so you can trust their advice is honest and valuable.</em></p><p>However, naming a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/revocable-trusts-the-most-common-trusts-in-estate-planning">trust</a> — not individual children — as the contingent beneficiary of <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/roth-or-traditional-how-to-choose-a-retirement-tax-strategy">IRAs</a> and <a data-analytics-id="inline-link" href="401(k)s">401(k)s</a> can help avoid these issues.</p><p>To better understand whether this option is a good fit for you, let's examine the pros and cons of this strategy, the tax and administrative implications and practical guidance for ensuring a trust qualifies as a "designated beneficiary" under <a data-analytics-id="inline-link" href="https://www.irs.gov/retirement-plans/plan-sponsor/fixing-common-plan-mistakes-failure-to-timely-start-minimum-distributions" target="_blank">IRC Section 401(a)(9)</a>.</p><p>With the right drafting and foresight, trusts can provide both flexibility and control while avoiding the unintentional disinheritance of grandchildren.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><h2 id="naming-children-as-primary-beneficiaries-the-risks-2">Naming children as primary beneficiaries: The risks</h2><p>It is common practice to name a spouse as the primary beneficiary of a retirement account and the children as contingent beneficiaries. The rationale is simple: Defer taxes for the longest period and ensure the next generation receives an equal share.</p><p>However, this planning often assumes that all children will survive the account holder, and that can be dangerous.</p><p>If a child dies before the account owner, many beneficiary forms default to a "per capita" distribution. This means that the deceased child's share is not passed down to their children (i.e., the account owner's grandchildren).</p><p>Instead, it is divided equally among the surviving children. This runs contrary to the wishes of most clients, who expect that a predeceased child's share would be passed down to their children "<a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/estate-planning/601148/avoid-sending-your-retirement-money-to-the-wrong-beneficiary-with">per stirpes</a>."</p><p>Here's a clear illustration:</p><p>Let's imagine your father has recently passed away, leaving your mother to inherit his $1 million <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-plans/iras">IRA</a>. She names her two children as equal primary beneficiaries, assuming that if one of her children dies, their share will go down to their children.</p><p>Tragically, her eldest son passes away before she does. When Mom eventually dies, her IRA is distributed entirely to her surviving child. Her two grandchildren — the children of her deceased son — receive nothing.</p><p>What happened? The financial institution's beneficiary form defaulted to a per capita distribution, and it either didn't provide space to name grandchildren as contingent beneficiaries or failed to include a proper per stirpes election.</p><p>Mom, like many clients, assumed the form covered these scenarios and didn't scrutinize the instructions. Unfortunately, this oversight caused her to unintentionally disinherit her grandchildren.</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Building Wealth</strong></em></a><em><strong> (soon to be called Adviser Intel), our free, twice-weekly newsletter.</strong></em></p><p>Now, the surviving child is left to decide whether to gift a portion to their nieces or nephews. If they do, complex tax issues arise. The surviving child would be responsible for paying the income taxes on the IRA distribution, likely at the highest <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/tax-brackets/602222/income-tax-brackets">tax rate</a> possible.</p><h2 id="naming-a-trust-as-the-beneficiary-2">Naming a trust as the beneficiary</h2><p>Naming a trust as the beneficiary (after the spouse) of a retirement account can address many of the problems described above. When a properly drafted trust is named, the client's wishes are preserved, even if the institution's beneficiary form is limited.</p><p>To qualify as a "designated beneficiary" under IRC Section 401(a)(9), the trust must be a valid see-through trust. This means the trust must:</p><ul><li>Be valid under state law</li><li>Be <a href="https://www.kiplinger.com/retirement/revocable-vs-irrevocable-trusts-what-you-may-not-know">irrevocable</a> or become irrevocable upon death</li><li>Have beneficiaries identifiable in the trust document</li></ul><p>A copy of the trust, or a list of beneficiaries, must also be provided to the plan administrator by October 31 of the year following the participant's death.</p><p>There are two types of see-through trusts:</p><ul><li><strong>Conduit trusts</strong>, where <a href="https://www.kiplinger.com/retirement/retirement-plans/required-minimum-distributions-rmds/602350/rmd-basics-12-things-you">required minimum distributions (</a><a href="https://www.kiplinger.com/retirement/retirement-plans/required-minimum-distributions-rmds/602350/rmd-basics-12-things-you">RMDs</a><a href="https://www.kiplinger.com/retirement/retirement-plans/required-minimum-distributions-rmds/602350/rmd-basics-12-things-you">)</a> are passed directly to the individual beneficiary each year, preserving stretch options under <a href="https://www.kiplinger.com/retirement/bipartisan-retirement-savings-package-in-massive-budget-bill">SECURE Act</a> exceptions.</li><li><strong>Accumulation trusts</strong>, which allow RMDs to be retained in the trust, offering more protection to those beneficiaries that might have special needs or drug problems who cannot have any access to funds. The added protection comes with a cost of accelerating tax liability.</li></ul><p>Trusts can be customized to:</p><ul><li>Provide lifetime benefits to a child, with the remainder to grandchildren</li><li>Protect assets from divorce, creditors or lawsuits</li><li>Include special needs provisions without affecting public benefits</li><li>Manage distributions to minors or financially irresponsible heirs</li></ul><h2 id="problems-with-financial-institutions-2">Problems with financial institutions</h2><p>Despite the clear advantages of naming a trust, practical complications remain. Some custodians resist paying benefits to a trust, citing that "a trust is not a person" and therefore cannot qualify under the beneficiary rules. This is often a misunderstanding of IRS regulations.</p><p>Other issues include:</p><ul><li>Delays in processing RMDs or lump sum payouts</li><li>Institutional refusal to recognize the trust as a see-through entity without a court order or legal opinion</li><li>Staff inexperience leading to improper implementation</li></ul><p>To mitigate these risks, attorneys should:</p><ul><li>Coordinate with the institution before death</li><li>Submit trust documentation well in advance</li><li>Draft the trust to clearly satisfy the see-through rules</li><li>Provide model language on the beneficiary designation form that matches the trust name and date precisely</li></ul><h2 id="practical-drafting-and-planning-tips-2">Practical drafting and planning tips</h2><p>Here are some practical tips for implementing a trust-based beneficiary designation:</p><p><strong>Always name the spouse first when appropriate.</strong> A spousal rollover offers the most favorable tax treatment. Second marriages may alter this recommendation.</p><p><strong>Use the full legal name of the trust</strong>. This includes the date as the contingent beneficiary. For example, "The Simasko Family Trust dated January 1, 2020."</p><p><strong>Avoid generic language</strong> like "my living trust" or "the trust I created."</p><p><strong>Indicate per stirpes or per capita</strong> treatment inside the trust, not on the designation form.</p><p><strong>If using a conduit trust</strong>, ensure the trust mandates distribution to the beneficiary immediately after receipt from the plan.</p><p><strong>If using an accumulation trust</strong>, plan for higher income tax exposure and structure the trust to qualify under post-SECURE Act rules or start converting to after-tax accounts, which provide much more flexibility.</p><p><strong>Review and update</strong> both the trust and beneficiary designations regularly, especially after births, deaths, or divorces.</p><h2 id="risk-vs-control-2">Risk vs control</h2><p>While naming individual children as retirement account beneficiaries is simple and tax-efficient, it carries risks that most clients do not fully appreciate.</p><p>The premature death of a child, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/family-savings/how-to-navigate-finances-as-a-blended-family">changing family dynamics</a> or a client's desire for long-term asset protection all point toward the benefits of trust planning.</p><p>Trusts allow attorneys to create a tailored, multigenerational plan that aligns with a client's real intent. They protect assets, ensure consistent treatment and provide flexibility that forms alone cannot.</p><p>However, success depends on precise drafting, careful coordination with custodians and ongoing review.</p><p>In the end, a properly structured trust designation is not only a legal tool but a vehicle of control, continuity and peace of mind.</p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/estate-planning/guide-to-creating-your-estate-planning-playbook">From Wills to Wishes: An Expert Guide to Your Estate Planning Playbook</a></li><li><a href="https://www.kiplinger.com/retirement/inheritance/worst-assets-to-inherit">The Seven Worst Assets to Leave Your Kids or Grandkids</a></li><li><a href="https://www.kiplinger.com/retirement/estate-planning/trusts-you-need-to-know-about">Five Trusts You Need to Know About and the Best Time to Use Them</a></li><li><a href="https://www.kiplinger.com/retirement/are-living-trusts-worth-it-pros-and-cons">Are Living Trusts Worth It? Pros and Cons</a></li><li><a href="https://www.kiplinger.com/retirement/designating-beneficiaries-in-estate-planning">All About Designating Beneficiaries in Estate Planning</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content>
<link>https://www.kiplinger.com/retirement/estate-planning/hidden-risks-of-retirement-account-beneficiary-forms</link>
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<![CDATA[ Standard retirement account beneficiary forms may not be flexible enough to ensure your money passes to family members according to your wishes. Naming a trust as the contingent beneficiary can help avoid these issues. Here's how. ]]>
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<pubDate>Mon, 15 Sep 2025 09:35:00 +0000</pubDate> <category><![CDATA[Estate Planning]]></category>
<category><![CDATA[Wealth Creation]]></category>
<category><![CDATA[Inheritance]]></category>
<category><![CDATA[Retirement Planning]]></category>
<category><![CDATA[Retirement]]></category>
<category><![CDATA[Investing]]></category>
<category><![CDATA[Wealth Management]]></category>
<author><![CDATA[ Pat@Simaskolaw.com (Patrick M. Simasko, J.D.) ]]></author> <dc:creator><![CDATA[ Patrick M. Simasko, J.D. ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/9eLC7irrbhWKMjnGFE6dcA-1280-80.jpg">
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<title><![CDATA[ This Is How Life Insurance Can Fund Your Dreams Now ]]></title>
<dc:content><![CDATA[ <p>When most people hear the term "life insurance," they tend to think of the financial support one receives when a loved one passes away.</p><p>What often gets overlooked is the value life insurance can create while you're still living.</p><p>Whether helping <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/coverdell-esas-vs-529-plans-which-should-you-choose">fund a child's education</a>, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/business/starting-a-business-tips-to-avoid-failure">start a new business</a> or reinforce retirement plans, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/life-insurance/10-things-you-should-know-about-life-insurance">life insurance</a> has the potential to do far more, thanks to what are known as <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/why-your-life-insurance-should-cover-more-than-just-death">living benefits</a>.</p><p>If this concept is new to you, you're not alone. A recent <a data-analytics-id="inline-link" href="https://news.prudential.com/latest-news/feature-stories/feature-stories-details/2025/Turning-dreams-into-legacies/default.aspx" target="_blank">study from Prudential Financial</a> revealed that while many Americans consider life insurance essential to their financial strategy, few understand the full scope of its living benefits.</p><p><em>Kiplinger's Adviser Intel, formerly known as Building Wealth, is a curated network of trusted financial professionals who share expert insights on wealth building and preservation. Contributors, including fiduciary financial planners, wealth managers, CEOs and attorneys, provide actionable advice about retirement planning, estate planning, tax strategies and more. Experts are invited to contribute and do not pay to be included, so you can trust their advice is honest and valuable.</em></p><p>Notably, nearly 75% of respondents said they were unfamiliar with how life insurance can be used to <a data-analytics-id="inline-link" href="https://prudential.scene7.com/is/content/prudential/1087773_BuildingGenerationalWealthWhitePaperConsumer">build generational wealth</a>.</p><p>That gap in understanding presents a timely opportunity, especially during <a data-analytics-id="inline-link" href="https://www.limra.com/en/newsroom/liam2025/" target="_blank">Life Insurance Awareness Month</a>, to change perceptions so that life insurance is viewed as an asset that supports long-term financial goals.</p><h2 id="what-are-living-benefits-2">What are living benefits?</h2><p>Living benefits are features built into certain life insurance policies that allow you to access funds or policy value while you're still alive.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_sTWQUVku_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="sTWQUVku"> <div id="botr_sTWQUVku_a7GJFMMh_div"></div> </div> </div></div><p>In the right circumstances, they can serve as a flexible resource to help navigate major financial decisions or unexpected challenges.</p><p>Let's take a closer look at how they work:</p><p><strong>Cash-value accumulation.</strong> Permanent policies such as variable universal life insurance can gradually build cash value, which can be borrowed against or withdrawn, often functioning like a low-interest loan without the hassle of going to a bank.</p><p><strong>Add-on benefits.</strong> Life insurance isn't one-size-fits-all, and that's where <a data-analytics-id="inline-link" href="https://www.prudential.com/personal/life-insurance/find-life-insurance-policy/life-insurance-riders">riders</a> come in. These optional add-ons let you customize your coverage to fit your lifestyle. Whether it's accessing funds early during illness or pausing payments during hardship, riders give you flexibility when it matters most.</p><p><strong>Tax advantages.</strong> The cash value grows on a tax-deferred basis. In many cases, if you withdraw only what you've paid in premiums, those funds can be generally accessed tax-free.</p><p><strong>Wealth transfer.</strong> Life insurance can also be used to pass assets on efficiently from one generation to another. With proper planning, it can help reduce tax burdens for your beneficiaries.</p><h2 id="two-paths-to-living-benefits-2">Two paths to living benefits</h2><p>Understanding the types of life insurance is essential to unlocking living benefits:</p><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/benefits-of-permanent-life-insurance-in-your-estate-plan"><strong>Permanent life insurance</strong></a><strong> policies,</strong> including variable universal life, provide coverage for your entire life, as long as premiums are paid. Over time, they build cash value that you can use for major expenses such as retirement, medical needs, even business investments.</p><p>Think of it like <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/what-you-can-negotiate-when-buying-a-home" target="_blank">buying a home</a>; it's more expensive at the start, but it builds real value over time.</p><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/life-insurance/what-is-term-life-insurance"><strong>Term life insurance</strong></a><strong> policies</strong> offer coverage for a set number of years, often 10, 20 or 30. They're generally more affordable but don't accumulate cash value.</p><p>However, many term policies include features such as accelerated death benefits, which allow you to access a portion of the death benefit if you are diagnosed with a serious illness.</p><p>In many ways, term life is more like renting; it's cost-effective and simple, but with no equity unless you use it during the coverage period.</p><h2 id="key-considerations-with-living-benefits-2">Key considerations with living benefits</h2><p>If you're considering a life insurance policy that includes living benefits, take the time to align the policy with your financial goals and needs.</p><p>Here are a few practical ways to evaluate your options:</p><p><strong>Start with your goals. </strong>Before comparing policies, think about what you want this insurance to do.</p><ul><li>Are you looking for lifelong coverage or just for a specific stage of life?</li><li>Will the living benefits be used for retirement income or unexpected medical costs?</li></ul><p>The clearer you are about your goals, the easier it is to choose the right policy.</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Building Wealth</strong></em></a><em><strong> (soon to be called Adviser Intel), our free, twice-weekly newsletter.</strong></em></p><p><strong>Ask about riders. </strong>The right rider can make a good policy even more valuable.</p><p>For example, Prudential has a rider that allows consumers to access their death benefits early if they're diagnosed with a chronic or terminal illness. It allows individuals to manage real-life challenges with financial confidence.</p><p>A <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/long-term-care-insurance/things-you-should-know-about-long-term-care-insurance">long-term care rider</a> can help cover extended care needs later in life.</p><p><strong>Understand the costs. </strong>Look closely at any fees for accessing the cash value, penalties for early withdrawals and other administrative charges.</p><p>A policy that seems affordable upfront might have hidden costs that affect its value over time.</p><p><strong>Evaluate flexibility over time. </strong>Your financial needs will evolve, and your policy should be able to keep up.</p><p>Make sure the policy you choose offers options to adjust premiums, access funds or add coverage as needed.</p><h2 id="the-role-of-financial-professionals-in-supporting-you-2">The role of financial professionals in supporting you</h2><p>Another recent <a data-analytics-id="inline-link" href="https://prudential.scene7.com/is/content/prudential/1087773_BuildingGenerationalWealthWhitePaperConsumer" target="_blank">study by Prudential</a> found that many Americans feel overwhelmed when trying to understand their life insurance policies. Common sentiments include:</p><ul><li>"How do I make sure I don't use up my policy too soon?"</li><li>"What does this mean for the final payout?"</li><li>"Wait, life insurance can help with other expenses?"</li><li>"I get lost in the jargon. One explanation contradicts the next."</li></ul><p>A financial adviser can serve as both a guide and educator, helping to demystify these complexities and inform your decisions. Consider asking:</p><p><strong>How does the cash value work, and when can it be accessed? </strong>Understanding the mechanics and timing of cash value access is critical to long-term planning.</p><p><strong>Will using living benefits reduce the death benefit? </strong>In some cases, accessing funds now could reduce the amount available to beneficiaries later. In others, it might not.</p><p><strong>How does this policy integrate with your broader financial strategy?</strong> Life insurance should be an active component of your financial plan, supporting your goals such as preparing for retirement and passing on wealth from one generation to another.</p><p>Life insurance is not just about protecting your family after you are gone. When designed and used effectively, life insurance can be an essential part of your financial strategy.</p><p>You need to be proactive and make your policy work just as hard for you as you do for your loved ones.</p><p><em>1088254-00001-00</em></p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/personal-finance/lets-talk-about-life-insurance">Let's Talk About Life Insurance</a></li><li><a href="https://www.kiplinger.com/personal-finance/life-insurance/smart-ways-to-use-your-life-insurance-while-youre-alive">Five Smart Ways to Use Your Life Insurance While You're Still Alive</a></li><li><a href="https://www.kiplinger.com/article/retirement/t034-c032-s014-using-whole-life-insurance-for-your-financial-plan.html">Whole Life Insurance: A Multipurpose Financial Planning Tool</a></li><li><a href="https://www.kiplinger.com/retirement/why-your-life-insurance-should-cover-more-than-just-death">Why Your Life Insurance Should Cover More Than Just Death</a></li><li><a href="https://www.kiplinger.com/retirement/how-life-insurance-can-help-preserve-your-wealth">How Life Insurance Can Help You Preserve Your Wealth</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content>
<link>https://www.kiplinger.com/personal-finance/life-insurance/how-life-insurance-can-fund-your-dreams-now</link>
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<![CDATA[ Beyond a death benefit, life insurance can provide significant financial value and flexibility through 'living benefits' while you are still alive, helping with expenses like education, business ventures or retirement. ]]>
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<pubDate>Mon, 15 Sep 2025 09:30:00 +0000</pubDate> <category><![CDATA[Life Insurance]]></category>
<category><![CDATA[Wealth Creation]]></category>
<category><![CDATA[Retirement Planning]]></category>
<category><![CDATA[Estate Planning]]></category>
<category><![CDATA[Inheritance]]></category>
<category><![CDATA[Personal Finance]]></category>
<category><![CDATA[Insurance]]></category>
<category><![CDATA[Investing]]></category>
<category><![CDATA[Wealth Management]]></category>
<category><![CDATA[Retirement]]></category>
<dc:creator><![CDATA[ Kevin Brayton, MBA ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/tzGusmRZD4ULXf3v6jpJKD-1280-80.jpg">
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<title><![CDATA[ The Most Tax-Friendly States for Investing in 2025 (Hint: There Are Two) ]]></title>
<dc:content><![CDATA[ <p>After spending time scrutinizing financial markets and Fed rates, the last thing you probably want to think about is how much the tax man will take from your earnings.</p><p>But tax planning while investing is crucial. Not only can you minimize federal taxes through strategies like <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/tax-loss-harvesting-helps-to-lower-your-tax-bill"><u>tax-loss harvesting</u></a>, but if you live in a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/most-tax-friendly-states-for-middle-class-families"><u>low-tax state</u></a>, you might reduce investment taxes on your passive income.</p><p>So here are two states that could give investors a “tax-friendly” edge in the marketplace — should you decide to move.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_hEB3ir3W_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="hEB3ir3W"> <div id="botr_hEB3ir3W_a7GJFMMh_div"></div> </div> </div></div><h2 id="the-most-tax-friendly-states-for-investing-2">The most tax-friendly states for investing </h2><p>To determine the “most tax-friendly states for investing,” Kiplinger first ranked each state based on three key factors.</p><p>First, only <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/states-with-low-and-no-capital-gains-tax"><u>states that don’t tax capital gains</u></a>, income taxes, interest, or dividends were considered. Of those eight, Kiplinger selected the two <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/states-with-the-lowest-property-tax"><u>states with the lowest effective property tax rates</u></a>.</p><p>Property taxes were based on the most recent data provided by <a data-analytics-id="inline-link" href="https://www.attomdata.com/news/most-recent/property-taxes-on-single-family-homes-up-7-percent-across-u-s-in-2023-to-363-billion/" target="_blank"><u>ATTOM</u></a> Data Solutions, which surveyed property tax rates from 84.9 million U.S. single-family homes.</p><p>Lastly, state and local sales tax rates were referenced from the most recent dataset issued by the <a data-analytics-id="inline-link" href="https://taxfoundation.org/data/all/state/sales-tax-rates/" target="_blank"><u>Tax Foundation</u></a>.</p><p><em>But no matter where you move, federal income taxes will still apply.</em></p><h2 id="best-states-for-investors-who-hate-paying-taxes-in-2025-2">Best states for investors who hate paying taxes in 2025</h2><p><strong>Nevada and Tennessee. </strong></p><p>Many types of state taxes are either low or nonexistent in <a data-analytics-id="inline-link" href="https://www.kiplinger.com/state-by-state-guide-taxes/tennessee"><u>Tennessee</u></a> and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/state-by-state-guide-taxes/nevada"><u>Nevada</u></a>, making these two the most tax-friendly for investing in 2025.</p><p>Here are just a few reasons why Nevada and Tennessee topped our list:</p><ul><li><strong>There are no individual income taxes in either state.</strong> (That includes wages, retirement distributions, and investment income on capital gains, interest, or dividends.)</li><li><strong>Property taxes are about half the national average of .90%. </strong>Both Tennessee and Nevada have relatively low effective <a href="https://www.kiplinger.com/taxes/property-tax-explained-what-homeowners-need-to-know"><u>property tax</u></a> rates of .44% and .48%, respectively, according to ATTOM.</li><li><strong>Neither Tennessee nor Nevada has state-level inheritance or estate taxes.</strong> Without paying so-called <a href="https://www.kiplinger.com/retirement/inheritance/601551/states-with-scary-death-taxes"><u>state “death taxes,”</u></a> you could pass on more investment wealth to your heirs.</li></ul><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="2W8EBF5nbgkWFY3pT9zEeW" name="GettyImages-1193318081" alt="Scenic desert road in Nevada with red rocks on either side" src="https://cdn.mos.cms.futurecdn.net/2W8EBF5nbgkWFY3pT9zEeW.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><h2 id="best-low-tax-states-to-invest-in-real-estate-rental-property-and-other-investment-buys-2">Best low-tax states to invest in real estate, rental property, and other investment buys</h2><p>However, choosing the state that offers the <em>most potential </em>tax benefit may depend on the type of investments you hold. For example, many types of investments generally reap similar state tax benefits regardless of whether you <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/cheapest-places-to-live-in-tennessee"><u>live in Tennessee</u></a> or Nevada.</p><p>So, when it comes to naming the “most tax-friendly states for investing,” Kiplinger selected two primary types of investments: real estate and collectibles.</p><p>Your investment choices and the duration of those investments might lead you to prefer one state over another as the most "tax-friendly" for your specific investment strategy.</p><p>For instance:</p><ul><li><strong>Tennessee could offer more state tax benefits to landlords than Nevada. </strong>Not only does Tennessee have a slightly <a href="https://www.kiplinger.com/taxes/how-to-lower-your-property-tax"><u>lower property tax</u></a> rate compared to Nevada, but the Volunteer State also has a lower overall median property tax bill of $1,695 (Nevada’s is $2,660), as reported by Kiplinger.</li><li><strong>This means you might save on state property taxes when renting out long-term properties (more than 180 days).</strong> <em>(Depending on the specific geographic area, of course.) </em></li><li><strong>However, Tennessee is also one of the </strong><a href="https://www.kiplinger.com/taxes/state-tax/603200/states-with-the-highest-sales-taxes"><u><strong>states with the highest sales tax rates</strong></u></a><strong> in the U.S.</strong> Investors could pay up to 9.75% in combined state and local sales taxes, per the <a href="https://taxfoundation.org/" target="_blank"><u>Tax Foundation</u></a>. This includes large investments such as boats, cars, short-term rentals, and even some essential living expenses, like clothing.</li><li><strong>On the flip side, Nevada's maximum sales tax rate is 8.375%. </strong>This translates to potential savings of up to $1.37 per $100 spent on purchases in Nevada compared to those in Tennessee. Plus, Nevada has no statewide short-term rental tax, meaning state taxes on vacation rentals can be lower compared to Tennessee.*</li></ul><p><em>*Note: While there is no statewide short-term rental tax in Nevada, counties and cities may enact local tax rates and fees. </em></p><h2 id="is-nevada-or-tennessee-a-good-place-to-live-2">Is Nevada or Tennessee a good place to live?</h2><p>Before you pack your bags for a move to Tennessee or Nevada, there are other important factors to consider.</p><p>Kiplinger’s ranking considered state tax burdens for investors; however, you may want to research other key considerations like cost of living, crime rates, and political climate before relocating.</p><ul><li>For example, Nevada is generally considered a “business-friendly” environment, with no corporate income tax rate, which may appeal to entrepreneurs. At the same time, the state faces challenges in healthcare access, quality, and outcomes. Nevada recently ranked 46th in a national report released by <a href="https://www.commonwealthfund.org/datacenter/nevada" target="_blank"><u>The Commonwealth Fund</u></a>.</li><li>Meanwhile, Tennessee has a generally low cost of groceries, housing, and transportation compared to national averages. However, the Volunteer State has struggled with higher-than-average poverty rates in recent years, according to the <a href="https://www.census.gov/quickfacts/fact/table/TN/PST045223#:~:text=Table_title:%20Table%20Table_content:%20header:%20%7C%20Population%20%7C,poverty%2C%20percent%20%7C%20:%20%EE%A1%80%EE%A0%BF%2014.0%25%20%7C" target="_blank"><u>U.S. Census Bureau</u></a>.</li></ul><p>Of course, you can live in your home state and buy an investment (like property) in another. But if you do that, you’ll likely need to file two state tax returns, which could increase the cost of your tax return and make your financial situation more complicated.</p><p>Overall, it’s important to consider your unique financial and lifestyle circumstances when planning a move to another state.</p><p>Because even if Nevada or Tennessee is the most tax-friendly for your investments, if those places don’t work for your family, your home state may be the perfect fit after all.</p><h3 class="article-body__section" id="section-read-more"><span>Read More</span></h3><ul><li><a href="https://www.kiplinger.com/taxes/what-is-net-investment-income-tax">What is the Net Investment Income Tax (NIIT) and Who Pays It?</a></li><li><a href="https://www.kiplinger.com/taxes/how-savings-account-interest-is-taxed">How High-Yield Savings Accounts are Taxed</a></li><li><a href="https://www.kiplinger.com/taxes/capital-gains-tax-on-real-estate">Capital Gains Tax on Real Estate and Home Sales</a></li><li><a href="https://www.kiplinger.com/taxes/states-with-low-and-no-capital-gains-tax">States With Low and No Capital Gains Tax in 2025</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/taxes/the-most-tax-friendly-states-for-investing</link>
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<![CDATA[ Living in one of these places could lower your 2025 investment taxes — especially if you invest in real estate. ]]>
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<pubDate>Sun, 14 Sep 2025 14:07:00 +0000</pubDate> <category><![CDATA[Taxes]]></category>
<category><![CDATA[Investing]]></category>
<category><![CDATA[State Tax]]></category>
<dc:creator><![CDATA[ Kate Schubel ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/RhzbqYzWUfKz4mQ9tYoBkJ-1280-80.jpg">
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<media:text><![CDATA[Panoramic view of Nashville, Tennessee along the Cumberland River ]]></media:text>
<media:title type="plain"><![CDATA[Panoramic view of Nashville, Tennessee along the Cumberland River ]]></media:title>
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<title><![CDATA[ Want To Retire at 55? See If You Can Answer These Five Questions ]]></title>
<dc:content><![CDATA[ <p>Retiring at 55 might seem too young. You can easily work another decade. Plus, you can’t collect Social Security until 62 at the earliest. Even then, you’re losing money by receiving benefits before your full retirement age (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/603439/whats-my-social-security-full-retirement-age">FRA</a>).</p><p>Nonetheless, millions of people strive to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/how-to-retire-early-by-50">retire at 55</a> and don’t care if they have to do it without <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/601708/social-security-basics-12-things-you-must-know-about-claiming-and">Social Security</a> or without <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/medicare-basics-things-you-need-to-know">Medicare</a> (which doesn’t kick in until 65). They put a greater value on life outside the office, even if it means downsizing their lifestyle.</p><p>“A lot of people who retire early worry about passing away early and not having time to sit back and relax in retirement,” says <a data-analytics-id="inline-link" href="https://www.linkedin.com/in/tylerendcfp/" target="_blank"><u>Tyler End</u></a>, CFP and CEO/Co-Founder of <a data-analytics-id="inline-link" href="https://retirable.com/" target="_blank"><u>Retirable</u></a>. “Others don’t like their current job.”</p><p>Either way, the ones who pull it off tend to have a plan in place to sustain themselves for what can amount to decades without a paycheck. They also tend to have saved a lot, have minimal debt and a clear vision for what their post-retirement life will look like, says <a data-analytics-id="inline-link" href="https://www.linkedin.com/in/sabinovargas/" target="_blank"><u>Sabino Vargas</u></a>, CFP, senior financial advisor at Vanguard.</p><p>If you check off all those boxes, then you’re on your way to retiring at 55. If you are still unsure, see if you can answer these five questions first.</p><h2 id="1-will-you-work-part-time-or-retire-completely-2">1. Will you work part-time or retire completely?</h2><p>At 55, you are still young enough to work, but will you? Some people retire completely, using their newfound time to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/happy-retirement/unforgettable-road-trips-to-take-in-retirement">travel,</a> pursue a hobby or kick back and relax. Others consult, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/602951/great-jobs-for-retirees">work part-time</a> or pursue a new career.</p><p>Regardless, what you do will have an impact on how much you’ll draw down and your quality of life in retirement. The more income you bring in, the less you have to rely on your savings and the longer it can grow.</p><p>“Working part-time is a great thing and it's not just the cash,” says End. “It's the time spent engaging with people.”</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><h2 id="2-what-income-sources-will-you-use-to-avoid-penalties-2">2. What income sources will you use to avoid penalties?</h2><p>Unless you leave your job in the year you turn 55 or older, you won’t be able to access your <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/401ks/the-average-401k-balance-by-age">401(k)</a> penalty-free until 59-½. In that case, you need to ask yourself what income sources you will rely on until you reach the penalty-free age, says Vargas. And what about inflation and unexpected expenses? Have you calculated them into your budget?</p><p>“Those best positioned to retire early typically have significant savings in taxable accounts,” says Vargas. “They also have alternative income sources to bridge the gap until traditional retirement benefits kick in."</p><h2 id="3-is-your-savings-fine-tuned-for-a-long-retirement-2">3. Is your savings fine-tuned for a long retirement?</h2><p>Since you're <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/600895/retirement-savings-calculator">retirement</a> has a longer drawdown period than usual, you'll need your money to work harder for you. That means having you’re investments allocated in a way that will sustain you for the decades to come.</p><p>“You can’t afford to invest too conservatively,” says End. While many retirees go into protection mode with their investments, at 55, you don’t have that luxury. “You need to protect the nest egg and invest for growth that outpaces inflation.”</p><h2 id="4-do-you-know-how-you-ll-cover-healthcare-costs-2">4. Do you know how you’ll cover healthcare costs?</h2><p>Healthcare isn’t cheap. At 55, you have ten years until Medicare kicks in, which means you're looking at ten years to self-fund your health care.</p><p>If you are healthy, you may be able to get away with a lower cost plan, but if you have any conditions or preferred doctors or family members to support, it can get pricey.</p><p>“Your healthcare costs change drastically at different segments from 55 until Medicare,” says End. “If you haven’t spent quite a bit of time with a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/how-to-find-a-financial-adviser-for-retirement-planning">financial adviser </a>understanding how the cost impacts retirement at different ages, you should.”</p><h2 id="5-what-will-you-do-once-you-retire-2">5. What will you do once you retire?</h2><p>Whether you plan to work in retirement or pursue a hobby full-time, the<a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/happy-retirement/how-to-have-a-happy-retirement"> key to a happy retirement </a>is having a plan for how you’ll spend your time. Without one, you can easily fall into a depression. Everyone needs a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/want-to-retire-happily-plan-for-leisure-and-purpose">purpose</a>, a reason to get up each morning.</p><p>“You have to think about what your life will look like if you are in retirement for 50 years,” says End. “Don’t focus on the dollar and cents. What does life look like?” If you have a clear idea of how you’ll spend your free time, then great; if you are unsure, think that out before retiring. You may find a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/phased-retirement-easing-into-retirement-might-be-your-best-move">phased retirement</a> is a better option for you.</p><h2 id="don-t-let-your-dream-escape-you-2">Don’t let your dream escape you </h2><p>Retiring at 55 is what dreams are made of for many people, but it doesn’t have to be only aspirational.</p><p>If you saved enough money, have income to bridge the gap until retirement benefits kick in and have a plan for how you’ll spend your time, then nothing is stopping you.</p><p>If you don’t, work a couple more years or overhaul your lifestyle, and you’ll be on your way to retiring younger.</p><h3 class="article-body__section" id="section-related-content"><span>Related content </span></h3><ul><li><a href="https://www.kiplinger.com/retirement/retirement-planning/want-to-retire-at-60-see-if-you-can-answer-these-questions">Want To Retire at 60? See if You Can Answer These Five Questions</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/should-you-retire-at-62">Want To Retire at 62? See if You Can Answer These Six Questions</a></li><li><a href="https://www.kiplinger.com/retirement/happy-retirement/want-to-retire-at-65-see-if-you-can-answer-these-five-questions">Want To Retire at 65? See if You Can Answer These Five Questions</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/want-to-retire-at-67-see-if-you-can-answer-these-questions">Want to Retire at 67? See if You Can Answer These Five Questions</a></li><li><a href="https://www.kiplinger.com/retirement/want-to-retire-at-70-see-if-you-can-answer-these-questions">Want to Retire At 70? See if You Can Answer These Six Questions</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/retirement/want-to-retire-at-55-see-if-you-can-answer-these-five-questions</link>
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<![CDATA[ Who said you can’t retire at 55? If you say yes to these questions, you may be on your way to an early retirement. ]]>
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<pubDate>Sun, 14 Sep 2025 13:00:00 +0000</pubDate> <category><![CDATA[Retirement]]></category>
<author><![CDATA[ donna.fuscaldo@futurenet.com (Donna Fuscaldo) ]]></author> <dc:creator><![CDATA[ Donna Fuscaldo ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/gtdQ7PWPpybFd2zCxhuQL4-1280-80.jpg">
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<media:text><![CDATA[Retired couple sailing ]]></media:text>
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<title><![CDATA[ I'm 57 With $4.1 Million and Plan to Retire Abroad in a Few Years. Can I Stop Contributing to My 401(k)? ]]></title>
<dc:content><![CDATA[ <p><strong>Question</strong>: I'm 57 with $4.1 million and looking to retire abroad in a few years. I no longer see the point in contributing to my <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/401ks/the-average-401k-balance-by-age">401(k)</a>. Am I wrong?</p><p><strong>Answer</strong>: As of 2022, the typical 57-year-old had $185,000 in retirement savings, according to the <a data-analytics-id="inline-link" href="https://www.federalreserve.gov/econres/scf/dataviz/scf/table/#series:Retirement_Accounts;demographic:agecl;population:1,2,3,4,5,6;units:median" target="_blank"><u>Federal Reserve</u></a>.</p><p>If you’re 57 with $4.1 million socked away for your later years, you’re in remarkably good shape. This holds true whether your intent is to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/how-to-manage-retirement-savings-when-living-abroad"><u>retire abroad</u></a> or not, as both have pros and cons from a financial perspective.</p><p>However, you might wonder if it pays to continue funding your <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/401ks/401k-plans-what-you-need-to-know-now"><u>401(k) plan</u></a> at this stage if you plan to retire abroad in a few years. You’ve probably got enough savings that if you were to work a bit longer and let your balance grow, you’d be well-positioned to retire in your early or mid-60s.</p><p>Halting those 401(k) contributions, meanwhile, means freeing more money to spend in the near term.</p><p>There are some big drawbacks to pulling the plug on 401(k) contributions, even with plenty of savings in your pocket. It’s important to weigh your options carefully.</p><h2 id="hitting-stop-on-your-savings-means-giving-up-benefits-2">Hitting stop on your savings means giving up benefits</h2><p>It’s one thing to retire on $4.1 million at 57 and another thing to stop funding a retirement account at 57.</p><p>Although 57 isn’t <em>such</em> a young retirement age, it could mean having to stretch your nest egg further. If you’re thinking of <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/want-to-retire-at-60-see-if-you-can-answer-these-questions">retiring in your 60s</a> and are simply looking to stop funding your 401(k) during your last few years of working, that’s a different story — and a lot less risky.</p><p>Still, <a data-analytics-id="inline-link" href="https://www.xmlfg.com/brett-bernstein-cfp" target="_blank"><u>Brett Bernstein</u></a>, CEO and co-founder at XML Financial Group, says it’s important to recognize that there’s really no such thing as having too large a 401(k) balance.</p><p>“I believe one shouldn’t make a rash decision to pull the plug on contributions to a retirement plan based on their age or account value,” he says. “A well-thought-out, holistic financial plan should be created to determine if you need to continue contributing to a retirement plan to meet your retirement goals.”</p><p><a data-analytics-id="inline-link" href="https://mdrncapital.com/staff-member/aaron-cirksena/" target="_blank"><u>Aaron Cirksena</u></a>, founder & CEO of MDRN Capital, also cautions savers who have accumulated a lot of money at a certain point to consider the downside of halting retirement plan contributions.</p><p>“The real question is not ‘Can I stop?’ but ‘What do I lose if I do?’ ” he says. “Every extra [401(k)] dollar stowed away lowers your taxable income today and keeps more of your money working for you. If your <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/average-401-k-match-do-you-work-for-a-generous-company">employer is still offering a match</a>, that is basically free money you would be missing out on.”</p><p>There’s also the fact that 401(k)s impose an early withdrawal penalty to think about. If you’re inclined to tap your savings before age 59½, then you might want to stop contributing to a 401(k) and focus instead on a taxable brokerage account with restrictions.</p><p>On the other hand, if you’re already 57 and are still planning to work a few more years, early withdrawal penalties might not be an issue. That makes the argument to continue funding a 401(k) at least up to the point of your employer match.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><h2 id="retiring-abroad-changes-things-for-better-and-worse-2">Retiring abroad changes things — for better and worse</h2><p>Both Bernstein and Cirksena believe that retiring abroad should factor into the decision of whether to continue funding a 401(k).</p><p>As Bernstein says, “Retiring abroad requires some additional planning, including, but not limited to, currency conversions, fluctuations and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/living-abroad-as-an-american-dont-miss-these-tax-breaks-in-2025">tax considerations</a>. Once those aspects are taken into consideration, the costs could be less.” However, he says, they might not be.</p><p>Cirksena says, “In countries with lower costs of living, your money will go further, and that can make the idea of stopping contributions feel even safer.”</p><p>However, Cirksena cautions, "Retiring abroad is never as cheap and simple as it looks. You will most likely face surprise costs like visa requirements, foreign taxes, or you may need to keep some U.S. accounts open for some reason."</p><p>He also points out that retiring abroad could mean traveling back and forth to the U.S. frequently to see friends and family, which could result in a big financial strain. That’s why, Cirksena says, “keeping up contributions, even if at a reduced level, can still make sense.”</p><p>Bernstein also notes that life can throw retirees many curveballs, regardless of where they live. Home repairs, health issues and family obligations can all eat into retirees’ nest eggs, making the argument that continuing to contribute toward retirement to some degree is a pretty smart choice.</p><p>All told, for this situation, Bernstein says the key is to make a smart decision for the future, given the unknowns of retiring abroad (or retiring in general) without denying yourself too much in the near term.</p><p>“I believe someone should save as much as they can when they can to be there for the future, but don’t save so much that you cannot enjoy the journey along the way,” he says.</p><h3 class="article-body__section" id="section-read-more"><span>Read More</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/retirement-planning/retire-in-this-asian-country-for-a-warm-culture-and-relaxed-lifestyle">Retire in This Asian Country for a Warm Culture and Relaxed Lifestyle</a></li><li><a href="https://www.kiplinger.com/retirement/roth-iras/ira-conversion-to-roth">IRA Conversion to Roth: Rules to Convert an IRA or 401(k) to a Roth IRA</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/we-bought-a-vacation-home-for-retirement-we-never-use-should-we-sell-or-rent-it-out">We Bought a Vacation Home for Retirement We Never Use. Should We Sell or Rent It Out?</a></li><li><a href="https://www.kiplinger.com/retirement/best-places-to-retire">The Best Places to Retire in the World</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/retirement/401ks/im-57-with-usd4-1-million-and-plan-to-retire-abroad-in-a-few-years-can-i-stop-contributing-to-my-401-k</link>
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<pubDate>Sun, 14 Sep 2025 10:04:00 +0000</pubDate> <category><![CDATA[401k]]></category>
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<dc:creator><![CDATA[ Maurie Backman ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/iL7Gan7bDfKXgHvmk5NdAB-1280-80.jpg">
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<title><![CDATA[ Potential Trouble for Retirees: A Wealth Adviser's Guide to the OBBB's Impact on Retirement ]]></title>
<dc:content><![CDATA[ <p>The <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/trump-pushes-for-one-bill-with-focus-on-tax-cuts">One Big Beautiful Bill (OBBB)</a>, signed into law in July, made headlines with promises of tax relief and economic growth. But for retirees, the reality is more complicated and, in many cases, more costly.</p><p>While the law extends some favorable <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/tax-brackets/602222/income-tax-brackets">tax brackets</a> and introduces <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/extra-standard-deduction-age-65-and-olderhttps://www.kiplinger.com/taxes/how-the-senior-bonus-deduction-works">deductions for older Americans</a>, several provisions do little to support people already in retirement.</p><p>Others could quietly raise your costs or trigger unintended tax consequences if you're not careful.</p><p><em>Kiplinger's Adviser Intel, formerly known as Building Wealth, is a curated network of trusted financial professionals who share expert insights on wealth building and preservation. Contributors, including fiduciary financial planners, wealth managers, CEOs and attorneys, provide actionable advice about retirement planning, estate planning, tax strategies and more. Experts are invited to contribute and do not pay to be included, so you can trust their advice is honest and valuable.</em></p><p>If you're retired (or preparing to retire) here's how the new law might affect your finances and what steps to take to protect yourself.</p><h2 id="roth-conversions-could-now-do-more-harm-than-good-2">Roth conversions could now do more harm than good</h2><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/roth-iras/timing-is-everything-for-roth-conversions">Roth conversions</a> used to be a smart way to control future taxes. With today's lower rates, many retirees converted pretax IRA funds to Roth accounts to lock in those rates and enjoy tax-free growth.</p><p>But under the OBBB, this strategy is no longer a slam dunk. Why?</p><ul><li>The new <a href="https://www.kiplinger.com/taxes/tax-deduction-change-for-those-over-65">bonus deduction for people 65 and older</a> lowers taxable income, but not <a href="https://www.kiplinger.com/taxes/how-to-calculate-your-adjusted-gross-income">adjusted gross income (AGI)</a>.</li><li>Roth conversions increase AGI, which determines how much of your <a href="https://www.kiplinger.com/retirement/social-security/604321/taxes-on-social-security-benefits">Social Security is taxed</a> and whether you'll face <a href="https://www.kiplinger.com/retirement/medicare/what-is-the-irmaa">IRMAA surcharges on Medicare</a>.</li><li>Some retirees now face a "sneak attack," in which they stay in the same tax bracket, but pay thousands more in Medicare premiums or lose Social Security purchasing power due to added taxation.</li></ul><p><strong>What to do: </strong>Don't abandon Roth conversions altogether, but be precise. Smaller partial conversions spaced out over several years could help you reduce lifetime taxes without triggering costly ripple effects.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><p>Be sure to run multiyear tax projections that include Social Security taxation and IRMAA thresholds.</p><p>It's also a smart idea to calculate your future <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-plans/required-minimum-distributions-rmds/602350/rmd-basics-12-things-you">required minimum distributions</a> (RMDs) at and after age 73.</p><p>If those RMDs are projected to push you into the 24% bracket, consider converting enough now to maximize the 22% bracket while you still can.</p><p>We don't know what future tax rates will be, but paying taxes now at known rates might be smarter than waiting.</p><p>If you're unsure where you stand, get help from an advisor who uses software that models potential long-term tax savings from conversions under current law, which can be a powerful tool for retirement decision-making.</p><h2 id="the-estate-tax-exemption-rose-but-don-t-let-that-fool-you-2">The estate tax exemption rose, but don't let that fool you</h2><p>The bill raises the federal <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/whats-the-new-estate-tax-exemption#:~:text=Current%20estate%20tax%20exemption&text=The%20exemption%20amount%20for%20people,from%20%2427.22%20million%20last%20year).">estate tax exemption</a> to $15 million per person through 2030, but for the majority of retirees, this does nothing to ease the burden of estate clarity, tax efficiency or family coordination.</p><p>Unfortunately, many people assume that if they're under the estate tax limit, they don't need to plan. That's a mistake.</p><p>Most estate planning issues have nothing to do with taxes and everything to do with:</p><ul><li>Unclear or outdated beneficiary designations</li><li>No instructions for incapacity or health care decisions</li><li>Family disputes about property, debt or inheritance</li><li>Missed charitable or legacy goals</li></ul><p><strong>What to do: </strong>Revisit your estate plan, regardless of <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/how-average-is-your-net-worth">your net worth</a>. A current will, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/estate-planning/power-of-attorney">power of attorney</a>, health care directive and coordinated beneficiary structure are essential.</p><p>If you're charitably inclined, consider using a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/whats-the-new-estate-tax-exemption#:~:text=Current%20estate%20tax%20exemption&text=The%20exemption%20amount%20for%20people,from%20%2427.22%20million%20last%20year).">qualified charitable distribution</a> (more about this below), or setting up a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/donor-advised-fund-daf-can-do-a-lot-for-you">donor-advised fund</a> (DAF). A DAF allows you to donate a large sum in a high-income year.</p><p>For example, if you're converting a large amount to a Roth, you can offset the tax impact while maintaining flexibility in how you give over time.</p><h2 id="medicare-cuts-might-raise-your-out-of-pocket-costs-2">Medicare cuts might raise your out-of-pocket costs</h2><p>To fund permanent tax cuts, the OBBB includes more than $490 billion in Medicare reductions in the next decade.</p><p>The law doesn't spell out exactly how those cuts will be implemented, but they could result in:</p><ul><li>Higher <a href="https://www.kiplinger.com/retirement/medicare/medicare-premiums-2025-irmaa-for-parts-b-and-d">Part B and D premiums</a></li><li>Reduced coverage areas for <a href="https://www.kiplinger.com/retirement/medicare/problems-with-medicare-advantage-plans-keep-mounting">Medicare Advantage</a> plans</li><li>Lower provider reimbursements that make it harder to find care</li><li>More out-of-pocket expenses for medications or specialist visits</li></ul><p><strong>What to do:</strong> Plan for rising health care costs, even if your income stays flat. Review your supplemental coverage annually, and don't assume your plan from last year will still serve you next year.</p><p>Consider building a dedicated health care reserve into your retirement income strategy.</p><h2 id="charitable-giving-incentives-are-nice-but-not-a-game-changer-2">Charitable giving incentives are nice, but not a game-changer</h2><p>The OBBB includes a new $2,000 charitable deduction for non-itemizers age 65 and older. That's a welcome change, but it might not move the needle much, especially for those who already use qualified charitable distributions (QCDs) from IRAs for tax-efficient giving.</p><p><strong>What to do: </strong>If you're age 70½ and older and have an IRA, QCDs remain one of the most powerful giving tools available, allowing you to reduce your RMD income and support causes you care about — all without increasing your AGI.</p><p>For more flexibility, combine your giving with a donor-advised fund. This can be especially effective if you're doing Roth conversions or realizing gains in a single year and want to offset that added income.</p><h2 id="income-stacking-could-trigger-tax-surprises-2">Income stacking could trigger tax surprises</h2><p>The OBBB keeps lower income tax brackets, but those brackets still interact with other parts of the tax code in ways that can sneak up on retirees. For example:</p><ul><li>RMDs stack on top of other income</li><li><a href="https://www.kiplinger.com/taxes/capital-gains-tax/602224/capital-gains-tax-rates">Capital gains</a> could become taxable when layered with dividends, pensions or Social Security</li><li>You could unintentionally cross into a higher effective tax rate even if your marginal bracket doesn't change</li></ul><p><strong>What to do: </strong>Be intentional about <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/which-withdrawal-strategy-is-right-for-you">withdrawal sequencing</a>. In some years, it might make sense to draw from Roth accounts to stay under Medicare or tax thresholds. In others, you could realize capital gains up to the 0% tax rate.</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Building Wealth</strong></em></a><em><strong> (soon to be called Adviser Intel), our free, twice-weekly newsletter.</strong></em></p><p>Consider using tax-efficient investments in your non-qualified (taxable) accounts.</p><p>By focusing on low-turnover funds, municipal bonds or actively managed portfolios with <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/taxes/t052-c032-s014-a-quick-primer-on-tax-loss-harvesting.html#:~:text=Tax%2Dloss%20harvesting%20can%20be,taxes%20on%20gains%20and%20income.">tax-loss harvesting strategies</a>, you might reduce your annual tax liability while keeping more of your investment income.</p><h2 id="the-bottom-line-2">The bottom line</h2><p>The OBBB might have promised sweeping relief, but for retirees, it offers more caution than comfort.</p><p>The next few years will require sharper planning, not just to avoid tax surprises, but to build in flexibility for rising health care costs, shifting income needs and legacy goals.</p><p>The good news? You still have time to make smart moves that can protect your future. Work with a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/how-to-find-a-financial-adviser">financial professional</a> who understands how today's rules impact retirement and how to adjust as things evolve.</p><p>At Dorhout Retirement Services, we help people retire with clarity and confidence, even when the rules change. If you're unsure how this new legislation affects your income, taxes or estate, we're here to help.</p><p><em>Grant Dorhout offers investment advisory services through CWM, LLC, an SEC Registered Investment Adviser. This article is not intended to provide specific legal, tax, or other professional advice.</em></p><p><em>For a comprehensive review of your personal situation, always consult with a tax or legal adviser.</em></p><p><em>Converting from a traditional IRA to a Roth IRA is a taxable event.</em></p><p><em>Generally, a donor-advised fund is a separately identified fund or account that is maintained and operated by a section 501(c)(3) organization, which is called a sponsoring organization. Each account is composed of contributions made by individual donors. Once the donor makes the contribution, the organization has legal control over it. However, the donor, or the donor's representative, retains advisory privileges with respect to the distribution of funds and the investment of assets in the account. Donors take a tax deduction for all contributions at the time they are made, even though the money may not be dispersed to a charity until much later.</em></p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/social-security/what-the-obbb-means-for-social-security-taxes-and-your-retirement">What the OBBB Means for Social Security Taxes and Your Retirement: A Wealth Adviser's Guide</a></li><li><a href="https://www.kiplinger.com/retirement/medicare/medicare-changes-coming-in-2026">Seven Medicare Changes Coming in 2026</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/top-retirement-withdrawal-strategies-to-maximize-your-savings">Top Four Retirement Withdrawal Strategies to Maximize Your Savings</a></li><li><a href="https://www.kiplinger.com/taxes/tax-planning/obbb-under-the-radar-shifts-investors-and-job-seekers-cant-afford-to-ignore">Five Under-the-Radar Shifts Investors and Job Seekers Can't Afford to Ignore Under the OBBB</a></li><li><a href="https://www.kiplinger.com/retirement/social-security/how-to-maximize-your-social-security-with-obbb-tax-law">How to Maximize Your Social Security Now That the One Big Beautiful Bill Is Law</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content>
<link>https://www.kiplinger.com/retirement/retirement-planning/potential-trouble-for-retirees-obbb-impact-on-retirement</link>
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<![CDATA[ While some provisions might help, others could push you into a higher tax bracket and raise your costs. Be strategic about Roth conversions, charitable donations, estate tax plans and health care expenditures. ]]>
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<pubDate>Sun, 14 Sep 2025 09:40:00 +0000</pubDate> <category><![CDATA[Retirement Planning]]></category>
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<author><![CDATA[ grant@dorhoutrs.com (Grant Dorhout) ]]></author> <dc:creator><![CDATA[ Grant Dorhout ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/Am7aqJWZLzKXr3rEVuYoaD-1280-80.jpg">
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<title><![CDATA[ One Small Step for Your Money, One Giant Leap for Retirement ]]></title>
<dc:content><![CDATA[ <p>People often tell me they want to invest, but they don't know how to get started. It's a simple question, but beneath it lies a deeper one: "What is my first step toward a better future?"</p><p>The challenge, of course, is that the future is unknowable. You can't predict what life will be like in 10, 20 or 30 years, nor can you predict how you'll react.</p><p>Some of the biggest risks are things nobody can forecast. So how do you plan for your future when there's so much uncertainty?</p><h2 id="the-first-step-2">The first step</h2><p>First, you need goals. They should be long-term and attainable.</p><p>For a lot of people, that means having enough money to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/steps-for-a-comfortable-retirement">live out the rest of your years comfortably</a> without being a burden to your family — even planning to leave some money to loved ones or organizations that have meant a lot to you.</p><p><em>Kiplinger's Adviser Intel, formerly known as Building Wealth, is a curated network of trusted financial professionals who share expert insights on wealth building and preservation. Contributors, including fiduciary financial planners, wealth managers, CEOs and attorneys, provide actionable advice about retirement planning, estate planning, tax strategies and more. Experts are invited to contribute and do not pay to be included, so you can trust their advice is honest and valuable.</em></p><p>But each person is different and has different circumstances, so your goals might be different, too.</p><p>Second, you need to zoom in. What can you do this year that moves you just a little bit closer to that long-term goal?</p><p>This brings us to a tough question you must ask yourself: "How much could I save this year<em> </em>— money I could put away and, barring a true emergency, leave alone to grow for a long time?"</p><p>For a 25-year-old, this might mean committing to put 10% of your pay into a broadly diversified <a data-analytics-id="inline-link" href="https://www.kiplinger.com/slideshow/investing/t022-s002-9-things-you-must-know-about-etfs/index.html">exchange-traded fund (ETF)</a>.</p><p>For someone twice that age, it might mean deciding to skip a pricey vacation every other year and instead increasing your savings with that additional cash.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><p>This isn't about finding the perfect formula — it's about defining a feasible first step.</p><p>Once you take that step, you can begin to zoom out and see its potential.</p><h2 id="how-might-your-money-grow-2">How might your money grow?</h2><p>Consider a 25-year-old with a $35,000 salary who puts away 10% ($3,500) — about $300 a month. While we can't know the future, we can look to the past for a rough guide.</p><p>Over the past 100 years, the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/tag/sandp-500">S&P 500 index</a> of the largest US stocks has earned, on average, about 10% a year.</p><p>If the market were to continue at its historical rate, an investment of just $3,500 each year from ages 25 to 30 could grow to more than $720,000 by age 65. If you continued that habit, contributions of $140,000 over 40 years could become more than $1.5 million.</p><p>These numbers aren't a promise, but rather an illustration of the power of <a data-analytics-id="inline-link" href="https://www.kiplinger.com/kiplinger-advisor-collective/compound-interest-turns-small-investments-into-big-wealth">compounding</a>. They can help give you a reason to get started, a glimpse of what your life could be like.</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Building Wealth</strong></em></a><em><strong> (soon to be called Adviser Intel), our free, twice-weekly newsletter.</strong></em></p><p>Now consider a 50-year-old who starts saving $10,000 every other year. That's just $416 per month.</p><p>Assuming that same 10% <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/average-rate-of-return-vs-actual-rate-of-return">average annualized return</a>, you could have $207,000 by age 65. If you find you can manage to save that amount every year — still less than $850 per month — it could grow to more than $384,000.</p><p>There are serious tradeoffs involved. Economics, at its heart, is the study of such choices. There's no single right answer, only the one that is sensible for you.</p><h2 id="next-steps-2">Next steps</h2><p>The one-year plan you make today is the first step on a long journey of adaptation. At the end of the year, look at your plan again:</p><ul><li>Did your income change?</li><li>Did you get married or have a child?</li><li>Are your long-term goals in need of an update?</li><li>Can you save a little more than you did last year?</li></ul><p>Life is full of unpredictable surprises, and your plan must be flexible enough to evolve alongside them.</p><p>By focusing on a series of achievable one-year plans, you build a resilient path toward a long-term goal and gain clarity on what you truly value. Most importantly, you feel better now, knowing you've done your best to set yourself and your loved ones up for a better future.</p><p><em>This article is provided for informational purposes only and should not be considered investment advice, a recommendation, or an offering of any services or products for sale. Past performance is not a guarantee of future results. Investing involves risk, including the potential loss of principal. Diversification neither assures a profit nor guarantees against loss in a declining market. Indices are not available for direct investment; therefore, their performance does not reflect the expenses associated with the management of an actual portfolio. Growth of money descriptions are hypothetical and do not reflect transaction costs or taxes. The information is for illustrative purposes only and is not indicative of any investment. </em></p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/investing/how-to-start-investing-in-the-stock-market">How to Invest in Stocks as a Beginner</a></li><li><a href="https://www.kiplinger.com/investing/mistakes-to-avoid-when-you-first-start-investing">7 Mistakes to Avoid When You First Start Investing</a></li><li><a href="https://www.kiplinger.com/investing/stocks/invested-1000-in-apple-stock-worth-how-much-now">If You'd Put $1,000 Into Apple Stock 20 Years Ago, Here's What You'd Have Today</a></li><li><a href="https://www.kiplinger.com/investing/investing-this-year-doing-less-can-lead-to-more">An Investing Plan for This Year: Doing Less Can Lead to More</a></li><li><a href="https://www.kiplinger.com/investing/life-lessons-that-also-apply-to-investing">Six Life Lessons That Also Apply to Investing</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content>
<link>https://www.kiplinger.com/retirement/retirement-planning/one-small-step-for-your-money-one-giant-leap-for-retirement</link>
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<![CDATA[ Saving enough for retirement can sound as daunting as walking on the moon. But what would your future look like if you took one small step toward it this year? ]]>
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<pubDate>Sun, 14 Sep 2025 09:30:00 +0000</pubDate> <category><![CDATA[Retirement Planning]]></category>
<category><![CDATA[Wealth Creation]]></category>
<category><![CDATA[Retirement]]></category>
<category><![CDATA[Investing]]></category>
<category><![CDATA[Wealth Management]]></category>
<dc:creator><![CDATA[ David Booth ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/BDAYpd2R8Z9q9eRyjxAXdb-1280-80.jpg">
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<title><![CDATA[ This Is What You Really Need to Know About Medicare, From a Financial Expert ]]></title>
<dc:content><![CDATA[ <p>Don't underestimate health care costs when planning for retirement. It's likely to be one of your largest expenses, especially as life-spans extend.</p><p>According to the <a data-analytics-id="inline-link" href="https://www.fidelity.com/viewpoints/personal-finance/plan-for-rising-health-care-costs" target="_blank">2025 Fidelity Retiree Health Care Cost Estimate</a>, the average 65-year-old might need $172,5000 to cover health care expenses in retirement. That number could go even higher, depending on your health and longevity.</p><p>Thankfully, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/insurance/t027-c000-s002-faqs-about-medicare.html">Medicare</a> provides essential health insurance coverage and can help limit the cost of care.</p><p>But Medicare is notoriously complex, creating its own planning challenges, from choosing <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/603543/whats-the-best-medigap-plan">supplemental insurance</a> to understanding income-based costs.</p><p>Here's what you need to know and how Medicare should factor into <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/its-time-to-stop-planning-your-retirement-like-its-1995">your retirement planning</a>.</p><p><em>Kiplinger's Adviser Intel, formerly known as Building Wealth, is a curated network of trusted financial professionals who share expert insights on wealth building and preservation. Contributors, including fiduciary financial planners, wealth managers, CEOs and attorneys, provide actionable advice about retirement planning, estate planning, tax strategies and more. Experts are invited to contribute and do not pay to be included, so you can trust their advice is honest and valuable.</em></p><h2 id="what-is-medicare-2">What is Medicare?</h2><p>In a nutshell, Medicare is a federal health insurance program for people age 65 and older or those with a qualifying disability.</p><p>Similar to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/601708/social-security-basics-12-things-you-must-know-about-claiming-and">Social Security</a>, you generally need to have worked and paid <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/medicare-tax">Medicare taxes</a> for at least 10 years or 40 quarters to be eligible.</p><p>Unlike Social Security, however, income doesn't factor into coverage — though it can impact how much you pay in premiums and whether you qualify for assistance programs.</p><p>These income-based costs and eligibility nuances can affect your retirement budget, so understanding the basics is a key part of planning for long-term financial security.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><h2 id="what-costs-does-medicare-cover-2">What costs does Medicare cover?</h2><p>Medicare is divided into <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/603541/what-you-must-know-about-the-different-parts-of-medicare">four parts</a> that cover different aspects of health care, from preventative screenings to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/what-is-hospice-and-who-is-it-for">end-of-life support</a>.</p><p>Knowing what each part covers — and, just as important, what it doesn't — can help you plan for potential out-of-pocket expenses, figure out the nuances of prescription drug coverage and avoid surprises that could disrupt your retirement finances.</p><p>Let's dig into the details:</p><p><strong>Part A.</strong> This segment covers skilled nursing facilities, in-patient hospital stays, hospice care and aspects of home care (though not long-term care, unfortunately).</p><p>If you paid payroll taxes as part of your job for the required amount of time, there's no premium, though you'll need to pay co-insurance and a deductible of $1,676 in 2025.</p><p><strong>Part B.</strong> This part pays for outpatient care, doctor's office visits and other aspects of home care. This part comes with a premium of $185 a month and a $257 deductible.</p><p>Once you hit the ceiling, Medicare pays for 80% of your expenses — if you don't have supplemental coverage or Medicare Advantage.</p><p><strong>Part C.</strong> Also known as <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>, these are privately administered (rather than government-run) PPO or HMO health insurance plans. To qualify, you need to be enrolled and paying premiums on Parts A and B.</p><p>The advantage of Part C is that it simplifies health care management, offers additional benefits like vision and dental (which aren't covered by Parts A and B), limits out-of-pocket spending, can cover more prescription drugs, even provides wellness programs.</p><p><strong>Part D.</strong> This is standalone prescription drug and vaccine coverage offered by private insurers. Those with Medicare Advantage likely won't need Part D, though those with regular Medicare should consider it since those programs only have limited prescription coverage.</p><p>The deductible is roughly $46 this year with a maximum out-of-pocket cost of $2,000 (though this will rise in the coming years).</p><h2 id="enrolling-in-medicare-miss-the-window-pay-the-price-2">Enrolling in Medicare: Miss the window, pay the price </h2><p>For those aging into Medicare, it's best to enroll within the <a data-analytics-id="inline-link" href="https://www.medicare.gov/basics/get-started-with-medicare/sign-up/when-does-medicare-coverage-start">Initial Enrollment Period (IEP).</a> That's a seven-month period covering the three months before, the month of, and the three months after your 65th birthday.</p><p>To have coverage start the month of your birthday, you need to enroll at least a month before.</p><p>If avoiding a hefty hospital bill is the carrot to incentivize enrollment during the IEP, financial penalties are the stick.</p><p>The cost of late enrollment includes an increase in monthly premiums for Part B (10% of the premium for each 12 months delayed) and Part D coverage (1% of the national base beneficiary for each month delayed).</p><p>Based on 2025 premiums, this would translate to almost $23 more every year for <em>the</em> <em>rest of your life</em>, which could add up for those on a tight fixed budget.</p><p>There are exceptions, though. If you're still working and have medical coverage through your employer, you don't have to enroll during the IEP.</p><p>But there's a catch: Your employer must have at least 20 employees covered under its medical plan for this exemption, so the <a data-analytics-id="inline-link" href="https://sbecouncil.org/about-us/facts-and-data/#:~:text=Small%20Business%20Share%20of%20Employment,from%20the%20U.S.%20Census%20Bureau:&text=Employer%20firms%20with%20fewer%20than,private%20sector%20payrolls%20in%202018.&text=Employer%20firms%20with%20fewer%20than%20100%20workers%20employed%2032.4%25.&text=Employer%20firms%20with%20less%20than%2020%20workers%20employed%2016.0%25." target="_blank">16% of Americans</a> who work for employers with fewer than 20 workers should enroll during the IEP.</p><p>If you're 65 or older and still working for an organization with at least 20 employees, Medicare doesn't offer primary coverage.</p><p>Take note, however, that employers can't terminate employment or coverage to avoid covering Medicare-eligible employees.</p><p>Companies also can't offer incentives to enroll in Medicare for primary coverage instead of the employer insurance plan.</p><h2 id="how-much-does-medicare-cost-2">How much does Medicare cost?</h2><p>While Medicare isn't directly correlated to income (unlike Social Security), high earners will pay more in premiums due to a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/what-is-the-irmaa">surcharge</a> known as the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/medicare-premiums-2025-irmaa-for-parts-b-and-d">income-related monthly adjustment amount (IRMAA)</a>.</p><p>Income reflects your <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/what-is-modified-adjusted-gross-income">modified adjusted gross income (MAGI),</a> which includes wages, Social Security benefits, capital gains and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/401ks/401k-plans-what-you-need-to-know-now">401(k)</a> distributions, among other sources of income.</p><p>This determines what, if any, surcharge you pay for coverage. With Part B, for example, monthly premiums are adjusted via this income scale:</p><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:979px;"><p class="vanilla-image-block" style="padding-top:53.01%;"><img id="Yyhj3tfMwy3RcVKUuguiCQ" name="Dunbar Medicare table 9.14.25" alt="Table of Medicare Part B premiums by income." src="https://cdn.mos.cms.futurecdn.net/Yyhj3tfMwy3RcVKUuguiCQ.jpg" mos="" align="middle" fullscreen="" width="979" height="519" attribution="" endorsement="" class=""></p></div></div></figure><p>Part D premiums also vary depending on income, although the amounts are much lower, maxing out at just over $1000 annually.</p><p>The costs of Medicare Advantage premiums, deductibles and co-insurance will vary alongside coverage, so it's important to work with an adviser to determine which (if any) plan is right for your needs.</p><h2 id="what-does-medicare-mean-for-my-retirement-planning-2">What does Medicare mean for my retirement planning?</h2><p>Because Medicare presents a sizable expense (and can prevent even larger out-of-pocket bills) in retirement, it's important to consider how much coverage you need and how much it will cost, inclusive of premiums, deductibles and co-insurance.</p><p>Budgeting with this information in mind can make a big difference when on a fixed income.</p><p>With sufficient planning, you can set up tax-exempt income streams that can lower your Medicare bill by lowering your MAGI.</p><p>Because withdrawals from <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/roth-iras-what-they-are-and-how-they-work">Roth IRA</a> accounts, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/insurance/health-insurance/health-savings-accounts">health savings accounts</a> and cash value life insurance contracts* do not count toward MAGI — nor do <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/charitable-contributions-frequently-asked-questions">qualified charitable contributions</a>— using these avenues as income streams or tax reduction strategies** in retirement can lower your accompanying IRMAA surcharge.</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Building Wealth</strong></em></a><em><strong> (soon to be called Adviser Intel), our free, twice-weekly newsletter.</strong></em></p><p>A financial adviser can also work with you to determine which Medicare Advantage and supplemental insurance plans align with your fixed income streams and your likely health needs in your golden years.</p><p>Because Medicare doesn't cover long-term expenses, for example, an adviser can recommend a supplemental <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/get-long-term-care-planning-on-track">long-term care plan</a> that can fill that coverage gap. Remember, taking action <em>before</em> you need this coverage is an essential part of retirement preparedness.</p><h2 id="your-medicare-checklist-2">Your Medicare checklist</h2><p>As you plan for Medicare in retirement, make sure you've done your homework and consulted <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/how-financial-advisers-can-help-clients-plan-for-health-care-costs">experts</a> who can help assess what makes the most sense for you. Start by:</p><ul><li>Spending two to three months reading up on Medicare plans and programs to better understand the program (including Kiplinger's excellent <a href="https://www.kiplinger.com/retirement/medicare">Medicare reporting</a>).</li><li>Consult with an adviser on whether a Medicare Advantage plan makes sense for you and whether your plan should include Part D prescription coverage.</li><li>Set a reminder to enroll within your IEP, if needed.</li></ul><p>* <em>It is important to keep in mind that the primary purpose of cash value life insurance is death benefit protection for your beneficiaries. Loans and withdrawals reduce the life insurance policy's cash value and death benefit and increase the chance that the policy may lapse. If the policy lapses, matures, is surrendered or becomes a modified endowment, the loan balance at such time would generally be viewed as distributed and taxable under the general rules for distributions of policy cash values.</em></p><p><em>** Equitable Advisors and its associates and affiliates do not provide tax, accounting, or legal advice. You should consult with your own qualified tax and legal professionals before proceeding with any course of action.</em></p><p><em>This article, which has been written by an outside source and is provided as a courtesy by Stephen B. Dunbar III, JD, CLU (AR Insurance Lic. #15714673), Executive Vice President of the Georgia Alabama Gulf Coast Branch of Equitable Advisors LLC, does not offer or constitute, and should not be relied upon, as financial, tax, accounting, or legal advice. Equitable Advisors LLC and its affiliates do not make any representations as to the accuracy, completeness or appropriateness of any part of any content hyperlinked to from this article. Your unique needs, goals and circumstances require the individualized attention of your own tax, legal, and financial professionals whose advice and services will prevail over any information provided in this article. Stephen B. Dunbar III offers securities through Equitable Advisors LLC (NY, NY 212-314-4600), member FINRA, SIPC (Equitable Financial Advisors in MI & TN), offers investment advisory products and services through Equitable Advisors LLC, an SEC-registered investment adviser, and offers annuity and insurance products through Equitable Network LLC (Equitable Network Insurance Agency of California LLC). Financial professionals may transact business and/or respond to inquiries only in state(s) in which they are properly qualified. AGE-8249926.1(08/25)(exp.08/29)</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/medicare-or-medicare-advantage-which-is-right-for-you">Medicare or Medicare Advantage: Which Is Right for You?</a></li><li><a href="https://www.kiplinger.com/personal-finance/your-guide-to-open-enrollment-and-health-insurance">Your Guide to Open Enrollment and Health Insurance for 2025</a></li><li><a href="https://www.kiplinger.com/retirement/medicare/costly-medicare-myths">Don't Fall For These Five Costly Medicare Myths</a></li><li><a href="https://www.kiplinger.com/retirement/social-security-pop-quiz-most-americans-fail">Social Security Pop Quiz: Are You Among the 89% of Americans Who'd Fail?</a></li><li><a href="https://www.kiplinger.com/retirement/401k-early-withdrawals-benefits-risks-alternatives">Early 401(k) Withdrawals: Benefits, Risks and Alternatives</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content>
<link>https://www.kiplinger.com/retirement/medicare/expert-guide-to-what-you-really-need-to-know-about-medicare</link>
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<![CDATA[ Health care costs are a significant retirement expense, and Medicare offers essential but complex coverage that requires careful planning. Here's how to navigate Medicare's various parts, enrollment periods and income-based costs. ]]>
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<pubDate>Sun, 14 Sep 2025 09:30:00 +0000</pubDate> <category><![CDATA[Medicare]]></category>
<category><![CDATA[Wealth Creation]]></category>
<category><![CDATA[Retirement Planning]]></category>
<category><![CDATA[Retirement]]></category>
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<category><![CDATA[Wealth Management]]></category>
<dc:creator><![CDATA[ Stephen B. Dunbar III, JD, CLU ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/jGHEW2GkzA4mEg3atq5kHD-1280-80.jpg">
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<title><![CDATA[ Small Businesses Are Racing to Use AI ]]></title>
<dc:content><![CDATA[ <p><em>To help you understand the trends surrounding AI and other new technologies and what we expect to happen in the future, our highly experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts. (</em><a data-analytics-id="inline-link" href="https://subscribe.kiplinger.com/loc/KWP/klwebnav" target="_blank"><em>Get a free issue of The Kiplinger Letter or subscribe</em></a><em>.) You'll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest…</em></p><p>It usually takes a while for small businesses to adopt new technology. Compared to larger firms, smalls have tighter budgets and fewer employees to roll out new tech to.</p><p>But <a data-analytics-id="inline-link" href="https://www.kiplinger.com/business/what-is-ai-artificial-intelligence-101">AI</a> is bucking the traditional wait-and-see approach.</p><p>Already, 58% of smalls use generative artificial intelligence, according to the 2025 <a data-analytics-id="inline-link" href="https://www.uschamber.com/technology/empowering-small-business-the-impact-of-technology-on-u-s-small-business" target="_blank">Empowering Small Business Report</a>, a recent survey by the U.S. Chamber of Commerce. That’s up from 40% in 2024, as more businesses harness AI chatbots, AI coding tools and image creation tools.</p><p>Most small businesses, defined in the survey as companies with fewer than 250 employees, believe their competitors are using AI or plan to do so soon. There are signs that AI adoption is helping businesses improve sales, keep customers, save money and otherwise enhance their operations.</p><p>AI use is sure to jump next year, too, as more <a data-analytics-id="inline-link" href="https://www.kiplinger.com/business/the-explosion-of-ai-tools">AI tools</a> become fully integrated into popular business software for marketing, payroll, accounting, inventory, sales, human resources and communications. Examples include QuickBooks, LinkedIn, Workday and Grammarly. Companies also tap the AI features built into search engines, such as Google and Perplexity, as well as AI tools from Facebook that make advertising on social media easier.</p><p>But that’s just the tip of the iceberg. Businesses even report using AI to navigate <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/whats-happening-with-trump-tariffs">tariffs</a>, find lower-cost suppliers, process returns, fulfill last-minute delivery, prevent fraud and develop customer insights, according to the survey.</p><h2 id="ai-trial-and-error-2">AI trial and error</h2><p>So what’s stopping some companies from taking the plunge? Top concerns include quality, cost and legal issues of AI tools. That hesitation comes with risk, as other businesses plow ahead and potentially gain an advantage.</p><p>Unlike large firms, most small businesses aren’t building custom AI tools from scratch, and instead are using it in traditional software and free options, such as OpenAI’s ChatGPT or Microsoft Office’s Copilot. And it’s not just office workers. <a data-analytics-id="inline-link" href="https://www.kiplinger.com/business/blue-collar-workers-add-ai-to-their-toolboxes">Blue collar workers</a> are increasingly using AI features in software designed for plumbers, electricians, painters and other tradespeople.</p><p>AI’s fast adoption is spurring small businesses to increasingly look for AI skills when hiring, and help current employees with AI training. “Nearly all (98%) small business AI users are working to upskill their employees,” according to the survey.</p><p>Still, it won’t be easy to find the best, most productive uses of AI. Strapped for time and money? Start by harnessing AI in software you have already purchased or try free tools. Don’t be surprised if some efforts fall short.</p><p><em>This forecast first appeared in The Kiplinger Letter, which has been running since 1923 and is a collection of concise weekly forecasts on business and economic trends, as well as what to expect from Washington, to help you understand what’s coming up to make the most of your investments and your money.</em><a data-analytics-id="inline-link" href="https://subscribe.kiplinger.com/servlet/OrdersGateway?cds_mag_code=KWP&cds_page_id=268559&cds_response_key=I3ZWZ001&_ga=2.192777900.740702480.1683021336-2127508840.1666781584"><em> </em></a><a data-analytics-id="inline-link" href="https://subscribe.kiplinger.com/loc/KWP/klwebnav"><em>Subscribe to The Kiplinger Letter.</em></a></p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/business/entrepreneurship/how-to-use-ai-to-shave-several-hours-off-your-workweek">Want to Shave 10 Hours Off Your Workweek? A Startup Expert Shows How AI Can Help</a></li><li><a href="https://www.kiplinger.com/kiplinger-advisor-collective/ai-in-accounting-the-future-is-here">AI in Accounting: The Future Is Here</a></li><li><a href="https://www.kiplinger.com/business/how-to-adopt-ai-and-keep-employees-happy">How to Adopt AI and Keep Employees Happy</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/business/how-small-businesses-are-using-ai</link>
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<![CDATA[ Spurred on by competitive pressures, small businesses are racing to adopt AI. A recent snapshot shows the technology’s day-to-day uses. ]]>
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<pubDate>Sat, 13 Sep 2025 12:05:00 +0000</pubDate> <category><![CDATA[Business]]></category>
<dc:creator><![CDATA[ John Miley ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/doPLrGF3fhGL5ipgDTbEWi-1280-80.jpg">
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<media:text><![CDATA[A small business owner hangs an Open sign on the door.]]></media:text>
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<title><![CDATA[ The 'Me-First' Rule of Retirement Spending ]]></title>
<dc:content><![CDATA[ <p>Spending your hard-earned cash in <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-plans/checklist-for-retirement-planning">retirement</a> can be a scary proposition. Without a paycheck coming in, it’s easy to worry about running out of money. Add volatility in the stock market at any given time, and this is what nightmares are made of for retirees.</p><p>But fears of overspending in retirement don't have to keep you up at night. There are methods you can adopt to protect your money from those nightmare scenarios. One popular way: the "me-first" rule of retirement spending, sometimes called the "flooring" rule (as in, you set a spending floor and put your own needs first).</p><p>It’s a savings-drawdown strategy that ensures all of your essentials are always covered in retirement. The bucket list trip to Italy — that’s on you.</p><p>“With the exception of the very wealthy, flooring helps everyone,” says <a data-analytics-id="inline-link" href="https://www.blackrock.com/us/individual/biographies/nick-nefouse" target="_blank"><u>Nick Nefouse</u></a>, global head of retirement solutions and head of LifePath at BlackRock. “It gives you peace of mind when the market goes down 20%.”</p><p>If you like the idea of a steady monthly income or are hesitant to spend due to the inherent uncertainty of the stock market, the me-first or flooring method of spending may be for you. Here’s how this retirement rule works.</p><h2 id="the-me-first-rule-aka-flooring-basics-2">The 'me-first' rule (aka 'flooring') basics </h2><p>The goal of this <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/happy-retirement/guilt-free-ways-to-spend-your-retirement-cash">retirement spending</a> method is to give you peace of mind knowing your essential needs will always be covered.</p><p>The idea is to create a secure, guaranteed base of income that covers your monthly essentials, which typically include housing, healthcare, insurance, transportation, food, toiletries and apparel. “This is not for travel and Netflix,” says <a data-analytics-id="inline-link" href="https://www.boldin.com/retirement/team/" target="_blank"><u>Nancy Gates</u></a>, lead educator and financial coach at Boldin.</p><p>By creating a secure, guaranteed stream of income, you'll know how much money is coming in each month. If stocks drop, you'll be less likely to overreact emotionally and make costly investment mistakes.</p><p>“You get consistent, guaranteed income that covers the sleep at night, head on the pillow factor,” says Gates. “It also allows retirees to budget and manage their monthly expenses and reduces stress over the uncertainty of market fluctuations.”</p><h2 id="creating-the-guaranteed-income-2">Creating the guaranteed income</h2><p>For the flooring, or me-first method to work, you need enough guaranteed income to cover those essential expenses. Any remaining funds are invested for medium-to long-term retirement spending needs.</p><p>Part of that guaranteed income will come from <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/601708/social-security-basics-12-things-you-must-know-about-claiming-and">Social Security.</a> The rest could be derived from a pension, annuity or bond ladder strategy, says <a data-analytics-id="inline-link" href="https://www.theamericancollege.edu/about-the-college/our-people/faculty/steve-parrish" target="_blank"><u>Steve Parrish</u></a>, professor of practice in retirement planning at The American College of Financial Services.</p><p>Money from a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/401ks/the-average-401k-balance-by-age">401(k)</a> can be <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/roth-iras/ira-conversion-to-roth">rolled over</a>, deposited in a savings or brokerage account or annualized — BlackRock offers this option through its LifePath Paycheck product</p><p>Parrish says popular annuity options include <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/annuities/should-you-add-an-annuity-to-your-retirement-portfolio">immediate income annuities</a> and deferred income annuities, which you purchase, usually for a lump sum, and the money is paid out monthly over a fixed period.</p><p>“I have a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/for-longevity-protection-consider-a-qlac">QLAC</a> that, when I turn 75, kicks in monthly income for me,” says Parrish, noting retirees can also use a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/bonds/601759/build-a-bond-ladder#:~:text=The%20upside%20of%20laddering&text=That's%20because%20laddering%20addresses%20multiple,to%20move%20in%20opposite%20directions.">bond ladde<u>r</u></a> strategy to create a source of guaranteed income. With that strategy, bonds mature at different years to provide the retiree with guaranteed income, he says.</p><p>When shopping for annuities, it's important to conduct thorough research and/or seek help from a trusted <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/how-to-find-a-financial-adviser-for-retirement-planning">financial adviser.</a> There are a plethora of annuities on the market, and once you are locked in, you can’t get your money back without paying steep penalties.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><h2 id="is-me-first-or-flooring-always-the-best-approach-2">Is me first or flooring always the best approach? </h2><p>While there are many positives to the flooring method — peace of mind, steady and reliable income, and protection — there are downsides too.</p><p>Investment fees are one. Outside of Social Security and a pension, you have to create a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/annuities-do-you-need-guaranteed-income-in-retirement">guaranteed income </a>stream, and if you are <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/annuities/i-want-to-buy-an-annuity-but-im-scared-ill-get-ripped-off">purchasing an annuity</a> to do that, you could end up paying a lot in fees. Such fees include administrative costs and commissions, which can be difficult to identify and will ultimately affect your payouts.</p><p>Additionally, annuities can be complex, with a multitude of products and, at times, overzealous salespeople. You have to be careful that you don’t overpay or get locked into an annuity that isn’t right for you.</p><p>Then there's the growth factor, or lack thereof. You won’t get rich with the guaranteed portion of your income. You get a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/changes-coming-to-social-security-in-2026">cost-of-living increase</a> with Social Security, but that’s not the case with a bond ladder strategy or an annuity (unless you pay for it).</p><p>“Most of the investments behind flooring do not grow with inflation. You get a single premium annuity, it just pays you out monthly, it doesn’t have a cost-of-living raise,” says Parrish. “What happens if you get into a really inflationary period. You’ll have a decline in your standard of living.”</p><h2 id="tips-for-success-2">Tips for success </h2><p>If you still like the idea of having a floor, first determine your essential budget. Include every expense you're on the hook for. Then determine how much Social Security and any pensions cover.</p><p>The remainder gets annuitized either directly from your 401(k), if your plan allows it, via the purchase of an annuity or by creating a bond ladder portfolio. A financial adviser can help you determine a strategy that meets your unique circumstances.</p><p>“You are basically flooring your essential expenses in retirement,” says Parrish. “Let's make sure you're safe first, and that's what flooring does.”</p><h3 class="article-body__section" id="section-related-content"><span>Related content </span></h3><ul><li><a href="https://www.kiplinger.com/retirement/the-retirement-bucket-rule-your-guide-to-fear-free-spending">The Retirement Bucket Rule: Your Guide to Fear-Free Spending</a></li><li><a href="https://www.kiplinger.com/retirement/annuities/what-you-should-know-about-annuities">What You Should Know About Annuities</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/the-retirement-rule-of-usd1-more">The Retirement Rule of $1 More</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/the-die-with-zero-rule-of-retirement">The 'Die With Zero' Rule of Retirement</a></li><li><a href="https://www.kiplinger.com/retirement/the-rule-of-usd1-000-is-this-retirement-rule-right-for-you">The Rule of $1,000: Is This Retirement Rule Right for You?</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/retirement/retirement-planning/the-me-first-rule-of-retirement-spending</link>
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<![CDATA[ Follow the 'Me-First" rule and you won't have to worry about running out of money when the stock market goes south. ]]>
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<pubDate>Sat, 13 Sep 2025 10:07:00 +0000</pubDate> <category><![CDATA[Retirement Planning]]></category>
<category><![CDATA[Retirement]]></category>
<author><![CDATA[ donna.fuscaldo@futurenet.com (Donna Fuscaldo) ]]></author> <dc:creator><![CDATA[ Donna Fuscaldo ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/a9GxNYof76hPj6VVbxhYmj-1280-80.jpg">
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<media:text><![CDATA[Couple watching the sunset ]]></media:text>
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<title><![CDATA[ How to Plan Your First International Trip After Retirement ]]></title>
<dc:content><![CDATA[ <p>Retirement opens the door to new and exciting adventures — and an international trip can be the perfect way to celebrate the next chapter of your life.</p><p>But planning your <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/happy-retirement/destinations-for-active-and-chill-travelers-alike">first overseas journey </a>can seem intimidating. From logistics and setting a budget to choosing an itinerary that matches your interests, traveling at this stage of life has its own set of considerations and challenges, as well as enriching experiences.</p><p>The chance for life-changing adventures abroad likely led 70% of adults 50-plus to plan trips in 2025, up from 65% in 2024, according to The <a data-analytics-id="inline-link" href="https://www.aarp.org/pri/topics/social-leisure/travel/2025-travel-trends/" target="_blank" rel="nofollow"><u>AARP 2025 Travel Trends survey</u></a>. AARP also discovered greater enthusiasm for international travel, with 44% of planners eyeing a trip outside the United States.</p><p>When it comes to mapping out the details of your trip, consider health and accessibility needs, all necessary documents, destinations, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/the-weak-dollar-is-making-a-european-vacation-harder-to-afford-in-retirement">budget concerns</a>, packing and more to keep things stress-free. Then, follow these steps to ensure your trip is not only memorable, but tailored to your needs as a globe-trotting retiree.</p><h2 id="set-a-realistic-budget-2">Set a realistic budget</h2><p>International travel can be affordable, but it can also cost a small fortune. Careful planning and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/travel-deals-for-retirees-hotels-cruises-and-more">taking advantage of deals</a> can help ensure costs stay within your budget.</p><p>Book early and use sites like <a data-analytics-id="inline-link" href="https://www.skyscanner.com/" target="_blank" rel="nofollow">Skyscanner</a> or <a data-analytics-id="inline-link" href="https://www.google.com/travel/flights" target="_blank" rel="nofollow">Google Flights</a> to find the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/travel/it-could-soon-be-harder-to-get-a-refund-on-a-flight-gone-wrong">best deals on flights</a>, and consider booking early or in the off-season for the best deals. Consider hotels, an <a data-analytics-id="inline-link" href="https://www.airbnb.com/" target="_blank" rel="nofollow">Airbnb</a>, or senior-friendly resorts. Look for discounts through <a data-analytics-id="inline-link" href="https://www.aarp.org/travel/" target="_blank" rel="nofollow">AARP</a> or <a data-analytics-id="inline-link" href="https://www.travelandleisure.com/trip-ideas/senior-travel/best-travel-groups-for-seniors" target="_blank" rel="nofollow">senior travel groups. </a></p><p>If you’re budget is tight, consider a hostel. You’ll likely share a bathroom and shower, but the price is significantly less than at a hotel.</p><p>Don’t forget to research costs for meals, transportation and activities. For example, a dinner out in Paris might cost $20 to $50. In Bangkok, it might cost $5 to $15.</p><p>Save up and set aside a contingency fund of about 10% to 15% of your budget for unexpected costs. And one often overlooked essential is <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/insurance/what-does-travel-insurance-cover">trip insurance</a>, which typically covers medical emergencies, trip cancellations and preexisting conditions.</p><div class="product star-deal"><a data-dimension112="1d60520a-f4e4-4698-a6af-0d2e8bf9284b" data-action="Star Deal Block" data-label="top travel card picks" data-dimension48="top travel card picks" href="https://oc.brcclx.com/t?lid=26759006&tid=https://www.kiplinger.com/retirement/happy-retirement/how-to-plan-your-first-international-trip-after-retirement" target="_blank" rel="nofollow"><figure class="van-image-figure " ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:2121px;"><p class="vanilla-image-block" style="padding-top:66.67%;"><img id="ySK33rcUSaznyJQSMRsiVD" name="Airline Flight in Sunset-1551471455.jpg" caption="" alt="" src="https://cdn.mos.cms.futurecdn.net/ySK33rcUSaznyJQSMRsiVD.jpg" mos="" align="middle" fullscreen="" width="2121" height="1414" attribution="" endorsement="" credit="" class=""></p></div></div></figure></a><p>Pack your bags and earn rewards. Kiplinger chose the best travel rewards cards for airline, hotel and other perks to help you save money. Explore the <a href="https://oc.brcclx.com/t?lid=26759006&tid=https://www.kiplinger.com/retirement/happy-retirement/how-to-plan-your-first-international-trip-after-retirement" target="_blank" rel="nofollow" data-dimension112="1d60520a-f4e4-4698-a6af-0d2e8bf9284b" data-action="Star Deal Block" data-label="top travel card picks" data-dimension48="top travel card picks" data-dimension25="">top travel card picks</a>. Advertising <a href="https://www.kiplinger.com/content-funding-on-kiplinger">disclosure</a>.</p><p><a href="https://oc.brcclx.com/t?lid=26759006&tid=https://www.kiplinger.com/retirement/happy-retirement/how-to-plan-your-first-international-trip-after-retirement" target="_blank" rel="nofollow"><strong>View Offers</strong></a></p></div><h2 id="choose-your-destination-wisely-2">Choose your destination wisely</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:1280px;"><p class="vanilla-image-block" style="padding-top:62.50%;"><img id="iYAJymxhUzbgJVm3QR2nGR" name="Travel-Insurance.jpg" alt="Couple in loungers on a tropical beach at Maldives" src="https://cdn.mos.cms.futurecdn.net/iYAJymxhUzbgJVm3QR2nGR.jpg" mos="" align="middle" fullscreen="" width="1280" height="800" 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>Start by picking a destination that matches your interests, budget and comfort level. Do you like history, nature and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/travel/underrated-travel-destinations-worth-exploring">discovering new cultures</a>? <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/happy-retirement/how-to-plan-the-perfect-italian-dream-trip-after-60">Italy</a> and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/happy-retirement/retire-in-greece-for-relaxed-living-with-a-cinematic-backdrop">Greece</a> offer ancient ruins, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retire-in-spain-for-rich-culture-cuisine-and-coastal-bliss">Spain</a> and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/happy-retirement/retire-in-new-zealand-for-lush-landscapes-and-a-relaxed-vibe">New Zealand</a> flaunt stunning landscapes, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/happy-retirement/retire-in-malta-for-quiet-coastal-perfection">Malta</a> and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/retire-in-this-island-country-for-that-permanent-vacation-feeling">Fiji</a> are known for lush beaches, while <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/happy-retirement/retire-in-france-for-beauty-and-culture">France</a> and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/where-to-retire-in-japan-it-aint-easy-unless-youre-very-special">Japan</a> have world-class big cities and beautiful smaller towns alike.</p><p>Since this is your first trip abroad, you may want to plan a shorter trip to test the waters, then opt for a more extended trip when you feel more comfortable.</p><p>Check weather patterns to avoid extreme heat or monsoon seasons. Look for destinations with senior-friendly infrastructure, like walkable cities or accessible public transport. And, balance the best results for the money spent. For example, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/could-this-southeast-asian-country-be-the-best-place-to-retire">Southeast Asia</a> is often affordable, while Western Europe can be pricier.</p><h2 id="plan-your-itinerary-2">Plan your itinerary</h2><p>Create a flexible itinerary that balances adventure with rest and relaxation. Pace yourself and avoid over-complicating your schedule. Plan one to two major activities per day, like a visit to a museum in the morning and an afternoon café stop.</p><p>If you prefer to reach your destination via the ocean, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/travel/how-to-find-the-perfect-cruise-for-you">cruises can be ideal for retirees</a>, offering all-inclusive experiences with accessible ports. For example, a Mediterranean cruise might visit ports such as Athens, Barcelona and Rome, and take minimal planning on your part. Or, book a guided tour or join a small group for cultural immersion, like an Italian cooking class in Tuscany or a tour of the beautiful Tenryu-ji Temple in Kyoto.</p><p>When the day is done, schedule downtime to recharge, especially during long trips. Use apps like <a data-analytics-id="inline-link" href="https://www.tripit.com/web"><u>TripIt</u></a> to organize your plans and keep documents organized.</p><h2 id="prioritize-accommodations-2">Prioritize accommodations</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="mK2xMrVn8tguskRmztL2kD" name="GettyImages-457980515" alt="Couple at a luxury hotel" src="https://cdn.mos.cms.futurecdn.net/mK2xMrVn8tguskRmztL2kD.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>Prioritize comfort and convenience when <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/spending/t059-c011-s001-10-annoying-hotel-fees-and-how-to-avoid-them.html">booking accommodations</a>. Hotels with elevators or accessibility aids can make life easier and safer. Choosing a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/spending/t059-c011-s001-how-to-save-money-on-vacation-rental-properties.html">vacation rental property</a> can be a great option as a home away from home, but be sure to double-check listings for related costs and details.</p><p>If you’re eyeing a group tour, which is popular with retirees for the social interaction, companies like <a data-analytics-id="inline-link" href="https://www.roadscholar.org/find-an-adventure/" target="_blank" rel="nofollow">Road Scholar</a> or <a data-analytics-id="inline-link" href="https://www.oattravel.com/" target="_blank" rel="nofollow">Overseas Adventure Travel</a> design trips with retirees in mind, mixing a relaxing pace with popular cultural stops. Their all-in-one packages typically cover all meals, guides and transportation, so you’re not sweating the small stuff.</p><h2 id="consider-all-travel-logistics-2">Consider all travel logistics </h2><p>First, check your passport. To travel abroad, you typically <a data-analytics-id="inline-link" href="https://travel.state.gov/content/travel/en/us-visas/visa-information-resources/americans-traveling-abroad.html" target="_blank"><u>need a valid passport</u></a>, which must be issued at least six months before you arrive in some countries. If it’s expired or nearing the expiration date, renew it now to avoid last-minute problems.</p><p>Next, research <a data-analytics-id="inline-link" href="https://www.usa.gov/travel-abroad" target="_blank" rel="nofollow"><u>visa requirements</u></a> for your destination. Some places, such as the <a data-analytics-id="inline-link" href="https://passportlists.com/schengen-visa-requirements-for-us-citizens/" target="_blank"><u>Schengen Area</u></a> in Europe, allow U.S. citizens to stay up to 90 days visa-free, but others, like India or <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/could-this-southeast-asian-country-be-the-best-place-to-retire">Vietnam</a>, may require you to apply for a visa weeks in advance. Websites like <a data-analytics-id="inline-link" href="http://travel.state.gov" target="_blank" rel="nofollow"><u>travel.state.gov</u></a> are a goldmine for this information.</p><p>Don't overpack, focusing on comfortable clothing and shoes and include essentials like medications. Arrange a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/travel/ways-to-save-big-on-your-phone-bill-when-traveling-abroad"><u>local SIM card or international phone plan</u></a> from your cell phone provider for emergencies and navigation.</p><h2 id="check-airline-options-2">Check airline options</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="QiLvFL7DLcGhWcDPbjE9C6" name="GettyImages-507243617" alt="A couple looking out of the airplane window." src="https://cdn.mos.cms.futurecdn.net/QiLvFL7DLcGhWcDPbjE9C6.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>Flights can be pricey if you don’t plan right. Look for airlines, like Delta and United, that offer senior-friendly perks, like flexible seating or early boarding. Tools like Google Flights or <a data-analytics-id="inline-link" href="https://www.kayak.com/" target="_blank" rel="nofollow">Kayak</a> can help you get deals on mid-week flights that can often be cheaper. If mobility’s an issue, request airport assistance when booking, as most airports provide wheelchairs, airport buggies or have personnel on hand to assist you at no cost.</p><p>Book your travel through a reputable agent and check cancellation policies. Consider senior discounts and off-season deals. It’s also advisable to keep digital copies of your passport, insurance and itinerary — just in case.</p><h2 id="pack-light-and-smart-2">Pack light and smart</h2><p>Finally, pack light and smart. A carry-on with wheels can be your best friend at the end of a long day. Download apps like <a data-analytics-id="inline-link" href="https://translate.google.com/?sl=auto&tl=en&op=translate" target="_blank" rel="nofollow">Google Translate</a> to help with a foreign language or use <a data-analytics-id="inline-link" href="https://www.xe.com/currencyconverter/" target="_blank" rel="nofollow">XE Currency</a> to quickly convert your money.</p><p>You can expect international trips to range from around $2,000 to $10,000 for 7 to 14 days, depending on your destination, trip details and preferences, according to The Motley Fool's 2025 <a data-analytics-id="inline-link" href="https://www.fool.com/money/research/average-cost-of-a-vacation/" target="_blank" rel="nofollow">vacation cost analysis</a>.</p><p>Cruises or guided tours can cost even more. Check out deals on sites like <a data-analytics-id="inline-link" href="https://www.travelzoo.com/" target="_blank" rel="nofollow">Travelzoo</a>, and consider traveling off-season for better prices and fewer crowds. After all, you’re retired with a flexible schedule. Oh, and toss in a power adapter for international outlets and for all your tablets, computers and phones.</p><h2 id="have-fun-and-relax-2">Have fun and relax</h2><p>Your first international trip after retirement is a chance to explore, relax and create lasting memories. Start small if you’re nervous and expand to more sizable destinations as you become comfortable. When you land, engage with the locals, savor new cuisines and take photos to capture the moments. With careful planning, your one-of-a-kind journey can be rewarding and totally worth all the planning.</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/cheapest-countries-to-travel-to">The 10 Cheapest Countries to Visit</a></li><li><a href="https://www.kiplinger.com/personal-finance/travel/solo-vs-group-travel-whats-best-for-retirees">Solo vs Group Travel: What's Best for Retirees?</a></li><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">24 Best Travel Websites to Find Deals and Save You Money</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/retirement/happy-retirement/how-to-plan-your-first-international-trip-after-retirement</link>
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<![CDATA[ Retirement paves the way for a world of exciting (and intimidating) experiences. An overseas journey can be an ideal way to embrace this new phase of life. ]]>
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<pubDate>Sat, 13 Sep 2025 10:02:00 +0000</pubDate> <category><![CDATA[Happy Retirement]]></category>
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<category><![CDATA[travel insurance]]></category>
<category><![CDATA[Retirement]]></category>
<category><![CDATA[Personal Finance]]></category>
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<author><![CDATA[ upnorthwriter@icloud.com (Kathryn Pomroy) ]]></author> <dc:creator><![CDATA[ Kathryn Pomroy ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/ppZxkTVCLJtMtP8h89fy5b-1280-80.jpg">
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<media:text><![CDATA[A senior couple traveling in Italy.]]></media:text>
<media:title type="plain"><![CDATA[A senior couple traveling in Italy.]]></media:title>
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<title><![CDATA[ My First $1 Million: Retired Magazine Editor, 70, Boise, Idaho ]]></title>
<dc:content><![CDATA[ <p><em>Welcome to Kiplinger's My First $1 Million series, in which we hear from people who have made $1 million. They're sharing how they did it and what they're doing with it. This time, we hear from a 70-year-old married and retired magazine editor for dairy farming who now lives in Boise, Idaho. He and his wife have been married for 48 years.</em></p><p><em>See our earlier profiles, including a </em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/my-first-million-1-writer-new-england"><em>writer in New England</em></a><em>, a </em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/my-first-million-2-literacy-interventionist-colorado"><em>literacy interventionist in Colorado</em></a><em>, a </em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/my-first-million-3-semiretired-entrepreneur-nashville"><em>semiretired entrepreneur in Nashville</em></a><em> and an </em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/my-first-million-4-events-industry-ceo-northern-new-jersey"><em>events industry CEO in Northern New Jersey</em></a><em>. (</em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/tag/my-first-dollar1-million"><em>See all of the profiles here.</em></a><em>)</em></p><p><em>Each profile features one person or couple, </em><em><strong>who will always be completely anonymous to readers</strong></em><em>, answering questions to help our readers learn from their experience.</em></p><p><em>These features are intended to provide a window into how different people build their savings — they're not intended to provide financial advice.</em></p><h3 class="article-body__section" id="section-the-basics"><span>THE BASICS</span></h3><h2 id="how-did-you-make-your-first-1-million-2">How did you make your first $1 million?</h2><p>My wife and I made our first $1 million the very unglamorous way: work for paychecks, live modestly, invest conservatively, take advantage of <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-planning/average-401-k-match-do-you-work-for-a-generous-company">401(k) matching</a>.</p><p>There was a small <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/getting-an-inheritance-things-to-consider">inheritance</a> along the way that changed our lives disproportionately more than the amount would suggest, and a bigger one (but modest-ish) later that we still have some of.</p><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:3200px;"><p class="vanilla-image-block" style="padding-top:56.25%;"><img id="BHDQt87SYujSADmrfA9mTY" name="married GettyImages-1327358895" alt="A bride slides a wedding ring onto her groom's hand." src="https://cdn.mos.cms.futurecdn.net/BHDQt87SYujSADmrfA9mTY.jpg" mos="" align="middle" fullscreen="" width="3200" height="1800" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><p>The biggest thing we did right was marrying well. Not in terms of money, but that we both have the same <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/unhealthy-money-mindset-you-can-change-it">mindset about money</a>. We are both savers by nature rather than spenders.</p><p>We both understand the difference between "want" and "need." We both believe in buying decent-quality products and then taking care of them.</p><p>We have always believed in two big financial philosophies:</p><ul><li>First, "just because you have it doesn't mean you need to spend it." Adult toys, new cars and extravagant trips were never priorities.</li><li>Second, "debt is a dangerous four-letter word."</li></ul><p>Admittedly, we were fortunate to live in Southern California and managed to buy our first small home at age 22. It started the real estate equity snowball rolling.</p><p>We also got involved as tiny partners in a real estate investment group made up of the owners and other employees at my first job out of college. As the saying goes, if a property's sale price has enough zeros, then even the tiny partners get big checks.</p><h2 id="what-are-you-doing-with-the-money-2">What are you doing with the money?</h2><p>We reached $1 million of investable assets in 2014 and are doing the same thing with them that we have always done: invest in conservative, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/604421/why-you-need-to-be-diversified-to-protect-your-portfolio">diversified stocks</a> and bonds.</p><p>My one wild and crazy investment was in 1999-2000 — I bought a few dozen unopened boxes of the original series of Pokémon cards.</p><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:3200px;"><p class="vanilla-image-block" style="padding-top:56.25%;"><img id="GWtqDknxQqDLjfCfyF9DbY" name="Pokemon GettyImages-597663428" alt="Many Pokémon cards scattered around." src="https://cdn.mos.cms.futurecdn.net/GWtqDknxQqDLjfCfyF9DbY.jpg" mos="" align="middle" fullscreen="" width="3200" height="1800" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><p>I held on to them and paid off the house when I retired 20 years later. The return on that investment yielded a larger percentage return than anything else we have done.</p><p>I entered retirement 100% debt-free, and it is how we have lived ever since.</p><h3 class="article-body__section" id="section-the-fun-stuff"><span>THE FUN STUFF</span></h3><h2 id="did-you-do-anything-to-celebrate-2">Did you do anything to celebrate?</h2><p>I think we went to Baskin-Robbins for a celebratory ice cream cone. Seriously, it was no big deal, just a number.</p><p>Once the inertia began going in the direction of "two commas," it was an inevitable event. I even told my wife when it would happen — it turned out I underestimated by two months.</p><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:3200px;"><p class="vanilla-image-block" style="padding-top:56.25%;"><img id="GZHPdnPYF4HYHraDaqhGeY" name="ice cream GettyImages-697664924" alt="A hand holds up an ice cream cone. Streamers in the background." src="https://cdn.mos.cms.futurecdn.net/GZHPdnPYF4HYHraDaqhGeY.jpg" mos="" align="middle" fullscreen="" width="3200" height="1800" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><h2 id="does-anyone-know-you-re-a-millionaire-2">Does anyone know you're a millionaire?</h2><p>I don't think so.</p><h2 id="what-is-the-best-part-of-making-1-million-2">What is the best part of making $1 million?</h2><p>Personal satisfaction, by far.</p><h2 id="did-your-life-change-2">Did your life change?</h2><p>Not in the least.</p><h2 id="did-you-retire-early-2">Did you retire early?</h2><p>I retired the week I turned 64, which was four years after I believed I could and three years after I gave my boss a heads-up that I was more than just thinking about it.</p><h3 class="article-body__section" id="section-looking-back"><span>LOOKING BACK</span></h3><h2 id="anything-you-would-do-differently-2">Anything you would do differently?</h2><p>Not buy the rental house in the town where our daughter was going to college. I had a strong sense at the time that it was a bad idea, but I was outvoted 2-1.</p><h2 id="did-you-work-with-a-financial-adviser-2">Did you work with a financial adviser?</h2><p>We've had a couple, but have been with the current one (<a data-analytics-id="inline-link" href="https://www.linkedin.com/in/jscottstevens/" target="_blank">Scott Stevens</a> at Northwestern Mutual Insurance) since we moved to Boise 14 years ago.</p><h2 id="did-anyone-help-you-early-on-2">Did anyone help you early on? </h2><p>My dad somewhat, but I've been financially smarter than he was.</p><h3 class="article-body__section" id="section-looking-ahead"><span>LOOKING AHEAD</span></h3><h2 id="plans-for-your-next-1-million-2">Plans for your next $1 million?</h2><p>I don't care if there is a next million. It's not a goal. We have more than we need from two <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/what-is-the-average-social-security-check-by-age">Social Security payments</a> and two small <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/how-to-get-the-most-out-of-your-pension-plan">pensions</a>.</p><p>But it's semi-inevitable to happen if we live long enough. That inertia, you see, is still happening.</p><h2 id="any-advice-for-others-trying-to-make-their-first-1-million-2">Any advice for others trying to make their first $1 million?</h2><p>Always stay focused on the reality that the process is a marathon, not a sprint. As long as you're moving ahead — even if it's slow at times — it's still making progress.</p><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:3200px;"><p class="vanilla-image-block" style="padding-top:56.25%;"><img id="zEXKHeudvVaXZJ5PyXDnAS" name="tortoise and hare GettyImages-10050248" alt="A tortoise and a hare at the starting line of a track." src="https://cdn.mos.cms.futurecdn.net/zEXKHeudvVaXZJ5PyXDnAS.jpg" mos="" align="middle" fullscreen="" width="3200" height="1800" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><p>Marry someone with a financial attitude like yours, someone who wants to work and contribute to the financial process.</p><p>Save. Never lose sight of the difference between "want" and "need."</p><p>Don't try to keep up with the Joneses or anyone else. Live <em>your</em> life.</p><p>And <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/credit-cards/how-to-pay-off-credit-card-debt">pay off all debt</a>, especially as you <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/nearing-retirement-dos-donts-and-a-never">approach retirement</a>.</p><p>Living below one's means and embracing the idea of "I have enough" really adds up over time. And the feeling that goes with being debt-free is simply impossible to grasp intellectually.</p><p>"Yeah, sure, I bet it's wonderful" is what most people will say about the concept. But you have to get there to understand all the ways that it feels. The world — and life — literally look different.</p><h2 id="do-you-have-an-estate-plan-2">Do you have an estate plan?</h2><p>Yes, we do, in the form of a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/estate-planning/604051/what-assets-should-be-included-in-your-trust">revocable family trust</a>. Plus, wills, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/power-of-attorney-types-which-is-right-for-you">powers of attorney</a>, medical directives,<a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/designating-beneficiaries-in-estate-planning"> beneficiaries</a>, etc.</p><h2 id="what-do-you-wish-you-d-known-when-you-first-started-saving-and-investing-2">What do you wish you'd known when you first started saving and investing? </h2><p>Nothing really. I became interested in the big picture of stocks, markets, investing and personal finance back in the sixth grade, so there was a lot of learning by absorption that went on as I grew up.</p><figure class="van-image-figure inline-layout" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:3200px;"><p class="vanilla-image-block" style="padding-top:56.25%;"><img id="Cca7woy2h5mb8bKnpgsdKg" name="reading magazine GettyImages-901185280" alt="A man sits on the sofa and reads a magazine." src="https://cdn.mos.cms.futurecdn.net/Cca7woy2h5mb8bKnpgsdKg.jpg" mos="" align="middle" fullscreen="" width="3200" height="1800" attribution="" endorsement="" class=""></p></div></div><figcaption itemprop="caption description" class=" inline-layout"><span class="credit" itemprop="copyrightHolder">(Image credit: Getty Images)</span></figcaption></figure><p>And being a journalist, I was always reading, watching and listening. I also worked for and among multimillionaires my whole career, so I identified what made sense and seemed possible for me on a smaller scale.</p><p>Mostly, I learned that I didn't want to live a life of excess and extravagance like many of them did. And trust your instincts.</p><p><em>If you have made $1 million or more and would like to be anonymously featured in a future My First $1 Million profile, please fill out and submit </em><a data-analytics-id="inline-link" href="https://forms.gle/5VefEwxDUZDE1WJ86" target="_blank"><em>this Google Form</em></a><em> or send an email to </em><a data-analytics-id="inline-link" href="mailto:myfirstmillion@futurenet.com"><em>MyFirstMillion@futurenet.com</em></a><em> to receive the questions. We welcome all stories that add up to $1 million or more in your accounts, although we will use discretion in which stories we choose to publish, to ensure we share a diversity of experiences. We also might want to verify that you really do have $1 million. Your answers may be edited for clarity.</em></p><h3 class="article-body__section" id="section-related-content"><span>RELATED CONTENT</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/can-you-retire-at-60-with-1-million-dollars-saved">You're 62 Years Old With $1 Million Saved: Can You Retire?</a></li><li><a href="https://www.kiplinger.com/personal-finance/earn-one-million-dollars-more-over-your-lifetime-by-doing-this">Want to Earn $1 Million More Over Your Lifetime? Do This</a></li><li><a href="https://www.kiplinger.com/retirement/tax-planning-strategies-if-you-have-a-million-dollars">Do You Have at Least $1 Million in Tax-Deferred Investments?</a></li><li><a href="https://www.kiplinger.com/personal-finance/605075/are-you-rich">Are You Rich? U.S. Net Worth Percentiles Can Provide Answers</a></li><li><a href="https://www.kiplinger.com/personal-finance/how-average-is-your-net-worth">Compare Your Net Worth by Age</a></li></ul> ]]></dc:content>
<link>https://www.kiplinger.com/personal-finance/my-first-million-19-retired-magazine-editor-boise-idaho</link>
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<![CDATA[ Ever wonder how someone who's made a million dollars or more did it? Kiplinger's My First $1 Million series uncovers the answers. ]]>
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<pubDate>Sat, 13 Sep 2025 10:00:00 +0000</pubDate> <category><![CDATA[Personal Finance]]></category>
<author><![CDATA[ joyce.lamb@futurenet.com (Joyce Lamb) ]]></author> <dc:creator><![CDATA[ Joyce Lamb ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/A9KYXTDdmrpqF43VeTuoEY-1280-80.jpg">
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<title><![CDATA[ I'm a Financial Planner: Could Partial Retirement Be the Right Move for You? ]]></title>
<dc:content><![CDATA[ <p>Rather than clocking out once and for all, 75% of workers think they will work for pay in retirement, according to the 2025 EBRI/Greenwald Retirement Confidence Survey.</p><p>This represents a significant increase from the current 30% of retirees who work, some by choice, others out of necessity.</p><p>As "partial retirements" become increasingly popular, it's important to understand how earning income can impact your <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/601708/social-security-basics-12-things-you-must-know-about-claiming-and">Social Security</a> benefits and taxes.</p><p><em>Kiplinger's Adviser Intel, formerly known as Building Wealth, is a curated network of trusted financial professionals who share expert insights on wealth building and preservation. Contributors, including fiduciary financial planners, wealth managers, CEOs and attorneys, provide actionable advice about retirement planning, estate planning, tax strategies and more. Experts are invited to contribute and do not pay to be included, so you can trust their advice is honest and valuable.</em></p><h2 id="do-you-want-to-delay-social-security-benefits-2">Do you want to delay Social Security benefits?</h2><p>Even though you'll still be bringing in money each month, make sure to check with your financial adviser to see how much you have in your retirement accounts and how you can adjust your budget as needed.</p><p>Suppose you've started taking Social Security before your <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/social-security/603439/whats-my-social-security-full-retirement-age">full retirement age</a> and are still working. In that case, you'll get a reduction in your benefits if you make more than the exemption amount laid out by the <a data-analytics-id="inline-link" href="https://www.ssa.gov/oact/cola/rtea.html" target="_blank">Social Security Administration</a>.</p><p>If you haven't started taking Social Security benefits but are thinking about it, there are several factors to consider.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><p>You can start claiming benefits as early as age 62, but the longer you can afford to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/when-to-apply-for-social-security">wait for those benefits</a>, the larger your payments will be each month.</p><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/happy-retirement/retired-and-going-back-to-work-avoid-these-pitfalls">Earning extra income</a> can impact those benefits as well. If you're younger than your full retirement age, you'll have $1 deducted from your payments for every $2 you earn above the limit.</p><p>For 2025, that limit is <a data-analytics-id="inline-link" href="https://www.ssa.gov/help/iClaim_aet4.html" target="_blank">$23,400</a>. When you reach full retirement age, $1 in benefits is deducted for every $3 you earn. In 2025, that limit is $62,160.</p><p>You'll also want to consider your health care costs. If you're eligible for <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/medicare/medicare-premiums-projected-irmaa-for-parts-b-and-d-for-2026">Medicare</a> but decide to stay employed, you can hold off on taking Medicare Part B and D benefits and take advantage of your company's health care plan if you work for a company with 20 or more employees.</p><p>If you work for a company with fewer than 20 employees, you'll need to apply for Medicare. In most small businesses, after age 65, your health expenses will be covered by <a data-analytics-id="inline-link" href="https://www.medicare.gov/basics/get-started-with-medicare/medicare-basics/working-past-65" target="_blank">Medicare first and any other employer-based plan second</a>.</p><p>Generally, your employer-based insurance at a small business might not cover all your expenses.</p><h2 id="what-are-my-employment-options-2">What are my employment options?</h2><p>There are several employment options to consider when planning for <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/semi-retirement-what-you-need-to-know">partial retirement</a>.</p><p>If you want to stay with your company, see if it offers part-time options. You could reduce your hours and stay in your role, or become a mentor for up-and-coming employees who could eventually take over your current role.</p><p>Not all employers offer this option, so do your research ahead of time.</p><p>With so many <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/work-from-home-jobs/the-best-us-cities-for-remote-work">work-from-home options</a>, you could also find a new job that is less demanding or is a passion project.</p><p>You could work with your favorite non-profit in a part-time role, or get involved with a local charity that's important to you.</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Building Wealth</strong></em></a><em><strong> (soon to be called Adviser Intel), our free, twice-weekly newsletter.</strong></em></p><p>If <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-plans/should-you-start-a-business-in-retirement">starting a small busines</a>s has always been your dream, this approach to retirement might be a good option.</p><p>With any new business, be aware that you might have to spend more hours than you thought to get the business off the ground.</p><p>Consider how much of your <a data-analytics-id="inline-link" href="https://www.kiplinger.com/kiplinger-advisor-collective/startup-finances-fundamentals-entrepreneurs-need-to-know">retirement funds you can reasonably spend</a>. A <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/how-to-find-a-financial-adviser">financial professional</a> can help you sort out what you need to live on and what you can put toward your new venture.</p><h2 id="what-should-i-plan-for-taxes-2">What should I plan for taxes?</h2><p>Make sure the extra income you earn from working in retirement <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/what-retirees-need-to-know-about-taxes">doesn't become a tax burden</a>. If you're working and aren't bringing in enough income to live on, you might need to withdraw money from your retirement accounts, such as a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/401ks/401k-plans-what-you-need-to-know-now">401(k)</a> or<a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/retirement-plans/iras"> IRA</a>.</p><p>If you do, you'll need to pay taxes on that income as well.</p><p>If you start withdrawing from your retirement accounts before age 59½, you'll also have to factor a 10% <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/early-retirement-withdrawal-strategies-for-the-long-haul">early withdrawal penalty</a> into your budget.</p><p>Carefully track your income and plan accordingly to make sure you're not caught off guard when tax-filing season rolls around.</p><p>Whether you decide to work during retirement or not, a financial adviser can help you navigate all your options and create a plan that fits your lifestyle. It's your retirement so you want to do what is best for you.</p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/retirement/happy-retirement/retired-and-going-back-to-work-avoid-these-pitfalls">Returning to Work After Retirement? Avoid These Three Common Pitfalls</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/phased-retirement-easing-into-retirement-might-be-your-best-move">Phased Retirement: Why Easing Into Retirement Might Be Your Best Move</a></li><li><a href="https://www.kiplinger.com/retirement/what-to-know-about-working-in-retirement">10 Things to Know About Working in Retirement</a></li><li><a href="https://www.kiplinger.com/retirement/602951/great-jobs-for-retirees">Best Jobs for Retirees</a></li><li><a href="https://www.kiplinger.com/retirement/retirement-planning/worried-about-your-retirement-income-questions-to-ask-yourself">Worried About Your Retirement Income? Four Questions to Ask Yourself, From a Financial Planner</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content>
<link>https://www.kiplinger.com/retirement/retirement-planning/could-partial-retirement-be-right-for-you</link>
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<![CDATA[ Many Americans close to retirement are questioning whether they should take the full leap into retirement or continue to work part-time. ]]>
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<pubDate>Sat, 13 Sep 2025 09:40:00 +0000</pubDate> <category><![CDATA[Retirement Planning]]></category>
<category><![CDATA[Wealth Creation]]></category>
<category><![CDATA[Retirement]]></category>
<category><![CDATA[Investing]]></category>
<category><![CDATA[Wealth Management]]></category>
<author><![CDATA[ tony.drake@drakeandassociates.net (Tony Drake, CFP®, Investment Advisor Representative) ]]></author> <dc:creator><![CDATA[ Tony Drake, CFP®, Investment Advisor Representative ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/d5yGUpbD5fbDCaT9JqVpAD-1280-80.jpg">
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<title><![CDATA[ From Mortgages to Taxes to Estates: How to Prepare for Falling Interest Rates ]]></title>
<dc:content><![CDATA[ <p>There's growing speculation that the Federal Reserve might start lowering <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/interest-rates">interest rates</a> later this year or next.</p><p>While no one can precisely predict when, it's useful to consider how a lower rate environment could influence financial decisions related to housing, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/estate-planning/things-you-should-know-about-estate-planning">estate planning</a>, taxes, investing and retirement.</p><h2 id="housing-2">Housing</h2><p>Housing is often the most noticeable area affected by falling rates. A rate drop isn't a magic solution for your housing plans, but it is an opportunity to reset and gain flexibility.</p><p><em>Kiplinger's Adviser Intel, formerly known as Building Wealth, is a curated network of trusted financial professionals who share expert insights on wealth building and preservation. Contributors, including fiduciary financial planners, wealth managers, CEOs and attorneys, provide actionable advice about retirement planning, estate planning, tax strategies and more. Experts are invited to contribute and do not pay to be included, so you can trust their advice is honest and valuable.</em></p><p>If <a data-analytics-id="inline-link" href="https://www.kiplinger.com/real-estate/mortgages/30-year-mortgage-rates">mortgage rates</a> decrease, mobility may increase, giving more families the freedom to buy, sell or relocate.</p><p>However, it's important to keep in mind the broader financial implications of moving, such as property and casualty insurance costs and availability.</p><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/article/real-estate/t010-c000-s001-the-pros-and-cons-of-fixed-rate-loans.html">Adjustable-rate mortgages</a> (ARMs) taken out in 2021 or 2022 are nearing reset, and although refinance rates may not be as low as they were then, they still appear more favorable than current levels.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_7xws2pdR_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="7xws2pdR"> <div id="botr_7xws2pdR_a7GJFMMh_div"></div> </div> </div></div><p>For some households, tapping into home equity via a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/cash-in-on-your-home-equity">HELOC</a> might also be a smart option if borrowing costs decline.</p><p><strong>What you can do:</strong> Review your mortgage and debt. If you have an ARM or other variable-rate debt, think about refinancing to a fixed rate while rates are still historically favorable.</p><p>A lower rate could also make it a good time to consider using home equity through a HELOC for planned expenses or debt consolidation.</p><h2 id="estate-planning-2">Estate planning</h2><p>Estate planning becomes more relevant in a lower-rate environment. Strategies like grantor retained annuity trusts (<a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/irrevocable-trusts-options-to-lower-taxes-and-protect-assets">GRATs</a>) and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/intrafamily-loans-can-boost-wealth">intrafamily loans</a> become more effective when the IRS' <a data-analytics-id="inline-link" href="https://www.irs.gov/businesses/small-businesses-self-employed/section-7520-interest-rates" target="_blank">Section 7520 rate</a> drops.</p><p>It's easier to shift appreciation out of an estate when the so-called "<a data-analytics-id="inline-link" href="https://www.investopedia.com/terms/h/hurdlerate.asp" target="_blank">hurdle rate</a>" is lower, which can help preserve wealth for future generations.</p><p><strong>What you can do:</strong> Reassess your estate plan. If you're a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/financial-strategies-for-high-net-worth-individuals">high-net-worth individual</a>, consult with your estate planning attorney about strategies like a GRAT.</p><p>These become more effective when the IRS 7520 rate (a benchmark for trust asset valuation) is lower, enabling you to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/wealth-transfer-is-about-more-than-just-money">transfer more wealth</a> to heirs tax-free.</p><h2 id="tax-planning-2">Tax planning</h2><p>Falling interest rates can suggest slowing <a data-analytics-id="inline-link" href="https://www.kiplinger.com/economic-forecasts/inflation">inflation</a>. Since federal <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/tax-brackets/602222/income-tax-brackets">tax brackets</a> and the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/the-new-standard-deduction-is-here">standard deduction</a> are indexed to inflation, slower growth may lead to smaller upward adjustments. This could place more income into higher tax brackets.</p><p>Simultaneously, lower borrowing costs often boost asset values, increasing capital gains exposure — a beneficial challenge if managed carefully.</p><p>Lower rates may also encourage more charitable giving. Certain planned giving strategies become more advantageous if rates are lower.</p><p>For example, a <a data-analytics-id="inline-link" href="https://www.investopedia.com/terms/c/charitableleadtrust.asp">charitable lead trust</a> (CLT) might become more attractive than a <a data-analytics-id="inline-link" href="https://www.irs.gov/charities-non-profits/charitable-remainder-trusts" target="_blank">charitable remainder trust</a>.</p><p>It's worth noting that starting next year, a provision in the <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/trump-pushes-for-one-bill-with-focus-on-tax-cuts">One Big Beautiful Bill</a> (OBBB) will reduce the deduction for households in the highest tax bracket from 37% to 35%, so timing is critical.</p><p><strong>What you can do:</strong> Analyze your tax strategy. A lower-rate environment may boost asset values, increasing exposure to <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/capital-gains-tax/602224/capital-gains-tax-rates">capital gains taxes</a> — a positive problem to have. Consider strategies like <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/tax-loss-harvesting-helps-to-lower-your-tax-bill">tax-loss harvesting</a> to offset gains.</p><p>For charitable giving, a CLT might be more appealing, as lower rates reduce the gift tax value of the remainder interest.</p><h2 id="investing-2">Investing</h2><p>In a lower-rate environment, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/diversification-why-you-need-it-and-how-to-achieve-it">diversification</a> isn't just a strategy — it's your best defense.</p><p>Investments tend to respond strongly to changes in interest rates. Historically, large-cap stocks perform well when rates decline.</p><p>Companies benefit from cheaper borrowing, and investors often shift from bonds to stocks when yields fall.</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Building Wealth</strong></em></a><em><strong> (soon to be called Adviser Intel), our free, twice-weekly newsletter.</strong></em></p><p>Nonetheless, diversification remains essential. While yields on new bonds may reset lower, the value of existing fixed income holdings typically rises.</p><p>Managing reinvestment risk alongside opportunities makes portfolio management more important than ever.</p><p><strong>What you can do:</strong> Examine your <a data-analytics-id="inline-link" href="https://www.kiplinger.com/investing/what-is-asset-allocation">asset allocation</a>. While declining rates may favor equities, they also reduce yields on new bonds.</p><p>Ensure your portfolio balances growth-oriented assets (like stocks) with stable, income-producing assets (like bonds) to reduce longevity risk and support your long-term goals.</p><h2 id="retirement-planning-2">Retirement planning</h2><p>Retirement planning also needs attention in a declining rate environment. Lower yields can make conservative portfolios more vulnerable, underscoring the importance of including growth assets that support long-term objectives.</p><p>A proper mix of fixed income stability and equity growth helps mitigate longevity risk in a world where bonds alone may no longer suffice.</p><p><strong>What you can do:</strong> Update your retirement projections. Lower bond yields can impact the income from your retirement portfolio.</p><p>Run new projections using a more conservative income assumption from fixed-income assets to keep your spending plan sustainable.</p><p>Adjust your savings rate or portfolio mix as needed.</p><h2 id="putting-it-all-together-2">Putting it all together</h2><p>The potential of falling interest rates isn't a signal to overhaul your entire financial plan, but rather an opportunity to review and refine it. A proactive approach is vital.</p><p>By understanding how these changes could impact your housing, estate, tax and investment strategies, you can position your finances to benefit from the new environment.</p><p>The shift toward lower rates highlights the timeless importance of a well-diversified portfolio and a long-term perspective. While short-term market reactions may grab headlines, the true measure of a sound financial plan lies in its resilience and adaptability.</p><p>I often remind clients that the goal isn't to predict the future but to prepare for it, whatever it may bring.</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-the-feds-next-rate-move-could-impact-your-wallet">I'm an Investment Strategist: This Is How the Fed's Next Rate Move Could Impact Your Wallet</a></li><li><a href="https://www.kiplinger.com/personal-finance/savings-accounts/the-smartest-places-to-keep-your-cash-if-rates-drop">The Smartest Places to Keep Your Cash If Rates Drop in 2025</a></li><li><a href="http://kiplinger.com/real-estate/mortgages/how-the-federal-reserve-affects-mortgage-rates">How the Federal Reserve Affects Mortgage Rates — and What It Means for Homebuyers in 2025</a></li><li><a href="https://www.kiplinger.com/retirement/long-term-care/an-expert-guide-to-planning-for-long-term-care">You Don't Want It, But You Should Plan for It Anyway: An Expert Guide to Long-Term Care</a></li><li><a href="https://www.kiplinger.com/retirement/will-my-children-inherit-too-much">Will My Children Inherit Too Much?</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content>
<link>https://www.kiplinger.com/personal-finance/how-to-prepare-for-lower-interest-rates-interest-rates/from-mortgages-to-taxes-to-estates</link>
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<![CDATA[ As speculation grows that the Federal Reserve will soon start lowering interest rates, now is a good time to review your financial plans for housing, estate, taxes, investing and retirement to make the most of potential changes. ]]>
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<pubDate>Sat, 13 Sep 2025 09:35:00 +0000</pubDate> <category><![CDATA[Interest Rates]]></category>
<category><![CDATA[Wealth Creation]]></category>
<category><![CDATA[Retirement Planning]]></category>
<category><![CDATA[Estate Planning]]></category>
<category><![CDATA[Tax Planning]]></category>
<category><![CDATA[Charity]]></category>
<category><![CDATA[Personal Finance]]></category>
<category><![CDATA[Banking]]></category>
<category><![CDATA[Investing]]></category>
<category><![CDATA[Wealth Management]]></category>
<category><![CDATA[Retirement]]></category>
<category><![CDATA[Taxes]]></category>
<dc:creator><![CDATA[ Mallon FitzPatrick, CFP®, AEP®, CLU® ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/hXtf46quJiqTRdciMBW7tC-1280-80.jpg">
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<title><![CDATA[ This Is How Lottery Winners Build Lasting Legacies, From a Financial Professional ]]></title>
<dc:content><![CDATA[ <p>One of the biggest <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/powerball-lottery-jackpot-tax">Powerball jackpots</a> in history — more than $1.4 billion — was just claimed. Whenever news of lottery wins this big breaks, people across the country start imagining what they would do if luck struck their numbers.</p><p>For most, the dream ends with visions of mansions, luxury cars or <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/spending/cheapest-countries-to-travel-to">world travel</a>. For the lucky few who win, their lives will be forever changed.</p><p>So, imagine it really does happen to you; you win the jackpot. First things first: relax. I know the adrenaline is still rushing, but the first thing to do is to pause and breathe.</p><p>Then, before you do anything else, seek the right legal counsel. You need a <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/how-to-find-a-financial-adviser">financial adviser</a> who specializes in working with lottery winners, a trusted professional who understands how to navigate the state's gaming department and set up trusts that can protect your identity wherever possible.</p><p><em>Kiplinger's Adviser Intel, formerly known as Building Wealth, is a curated network of trusted financial professionals who share expert insights on wealth building and preservation. Contributors, including fiduciary financial planners, wealth managers, CEOs and attorneys, provide actionable advice about retirement planning, estate planning, tax strategies and more. Experts are invited to contribute and do not pay to be included, so you can trust their advice is honest and valuable.</em></p><h2 id="protecting-your-identity-and-your-winnings-2">Protecting your identity and your winnings</h2><p>For years, my team and I have worked with lottery winners. I've seen the difference it makes to get the right team in place early. Making sound investment decisions can mean the difference between long-term stability or losing it all. Nearly <a data-analytics-id="inline-link" href="https://www.nefe.org/news/2018/01/research-statistic-on-financial-windfalls-and-bankruptcy.aspx" target="_blank">70% of lottery winners</a> exhaust their winnings within a few years.</p><p>You can avoid the spotlight through carefully designed trusts and other legal instruments.</p><p>Taxes are another major consideration, with federal <a data-analytics-id="inline-link" href="https://www.kiplinger.com/taxes/tax-brackets/602222/income-tax-brackets">income tax brackets</a> starting at 24% and climbing, depending on your income. Hence, it's critical to work with a trusted financial adviser who understands these specific issues.</p><div class="jwplayer__widthsetter"> <div class="jwplayer__wrapper"> <div id="futr_botr_KQr60TxC_a7GJFMMh_div" class="future__jwplayer" data-player-id="a7GJFMMh" data-playlist-id="KQr60TxC"> <div id="botr_KQr60TxC_a7GJFMMh_div"></div> </div> </div></div><h2 id="building-a-family-office-2">Building a family office </h2><p>I suggest that lotto winners establish what is essentially <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/is-a-family-office-right-for-you-the-multimillion-dollar-question">a family office</a> — a structure that supports their financial lives from day one.</p><p>A financial adviser can guide decisions on how assets should be owned, whether in trusts, <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/limited-liability-companies-llcs-how-assets-are-protected">LLCs</a> or other entities. Much of this work overlaps with <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/estate-planning/things-you-should-know-about-estate-planning">estate planning</a>, because sudden wealth makes questions about long-term protection unavoidable.</p><p>But for many of my clients, the conversation quickly turns to something even more lasting: <a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/philanthropy-tools-to-maximize-your-charitable-giving-impact">philanthropy</a>.</p><p>After the houses, the cars, the trips and the gifts to relatives, the truth settles in — you have more wealth than you'll ever reasonably spend. At that point, the real opportunity presents itself: how to give back in ways that reflect your values and <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/estate-planning/601651/legacy-planning-create-a-lasting-legacy">build your legacy</a>.</p><p>Author <a data-analytics-id="inline-link" href="https://www.biblio.com/authors/shannon-l-alder/151003" target="_blank">Shannon Alder</a> put it well: "Carve your name on hearts, not tombstones. A legacy is etched into the minds of others and the stories they share about you."</p><h2 id="philanthropy-as-a-mission-not-a-hobby-2">Philanthropy as a mission, not a hobby</h2><p>Philanthropy is not simply about writing checks. It's about aligning resources with your mission to do good. And while anyone can be a philanthropist, substantial resources allow you to scale that mission into something enduring.</p><p>The question for you as a lottery winner is how to transform your charitable intentions into a structured, lasting plan.</p><p><em><strong>Looking for expert tips to grow and preserve your wealth? Sign up for </strong></em><a data-analytics-id="inline-link" href="https://www.kiplinger.com/newsletter"><em><strong>Building Wealth</strong></em></a><em><strong> (soon to be called Adviser Intel), our free, twice-weekly newsletter.</strong></em></p><p><a data-analytics-id="inline-link" href="https://www.kiplinger.com/personal-finance/daf-vs-private-foundation-which-giving-strategy-is-right-for-you">Donor-advised funds (DAFs) and private foundations</a> are among the most powerful vehicles to do this. DAFs have surged in popularity in recent years, with contributions reaching <a data-analytics-id="inline-link" href="https://www.nptrust.org/wp-content/uploads/2024/07/2023-DAF-Report.pdf" target="_blank">$85 billion in 2022</a>.</p><p>These vehicles allow you to receive an immediate tax deduction, invest the assets for growth and distribute grants over time to the charities that align with your values.</p><p>But before you select a giving vehicle, you need clarity about your mission:</p><ul><li>What do you want your wealth to stand for?</li><li>How do you want your children or grandchildren to understand the role of this gift in their lives?</li></ul><p>I often guide clients through a thought experiment: Imagine you've already provided financial security for your heirs, and they have what they need to live comfortably.</p><p>At that point, the question becomes not how much more to give them, but <a data-analytics-id="inline-link" href="https://www.kiplinger.com/retirement/family-money-values-matter-how-to-get-on-the-same-page">how to pass down your values</a> — helping to ensure your legacy reflects more than wealth alone.</p><p>That, ultimately, is what philanthropy allows you to do.</p><h2 id="from-wealth-to-legacy-2">From wealth to legacy</h2><p>Of course, it is not always straightforward. Once people know you have won big, you will be approached from every angle — acquaintances with new-business ideas, organizations seeking donations and even bad actors.</p><p>This is where having a trusted adviser becomes essential. A qualified financial adviser can help you filter opportunities, weigh risks and align your giving with your financial goals.</p><p>In my practice, I encourage clients to think of giving as a parallel track to wealth management — not a separate afterthought, but a central element of their financial identity.</p><p>Winning the lottery is an extraordinary stroke of fortune. But true wealth is not measured only by what you keep. It is measured by the lives you touch, the communities you strengthen and the values you carry forward.</p><p>That is the kind of legacy money cannot buy — but philanthropy can.</p><p><em>ALINE Wealth is a group of investment professionals registered with Hightower Securities, LLC, member FINRA and SIPC, and with Hightower Advisors, LLC, a registered investment advisor with the SEC. Securities are offered through Hightower Securities, LLC; advisory services are offered through Hightower Advisors, LLC.</em></p><h3 class="article-body__section" id="section-related-content"><span>Related Content</span></h3><ul><li><a href="https://www.kiplinger.com/taxes/these-states-wont-tax-your-powerball-winnings">States That Won't Tax Your Powerball Winnings in 2025</a></li><li><a href="https://www.kiplinger.com/taxes/powerball-lottery-jackpot-tax">Powerball Jackpot Winner Will Get a Hefty Tax Bill</a></li><li><a href="https://www.kiplinger.com/taxes/states-with-the-highest-powerball-taxes">States With the Highest Powerball Taxes</a></li><li><a href="https://www.kiplinger.com/taxes/602142/tax-on-mega-millions-jackpot">Mega Millions After Taxes: How Much The Winner Gets</a></li><li><a href="https://www.kiplinger.com/personal-finance/cash-windfall-the-case-for-doing-nothing">Did You Get a Cash Windfall? The Case for Doing Nothing</a></li></ul><p>This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the <a href="https://adviserinfo.sec.gov/" target="_blank"><strong>SEC</strong></a> or with <a href="https://brokercheck.finra.org/" target="_blank"><strong>FINRA</strong></a>.</p> ]]></dc:content>
<link>https://www.kiplinger.com/retirement/estate-planning/how-lottery-winners-build-lasting-legacies</link>
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<![CDATA[ Winning a massive lottery jackpot, like the recent $1.4 billion Powerball, requires seeking immediate legal and financial counsel, protecting your identity and winnings and planning your legacy. ]]>
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<pubDate>Sat, 13 Sep 2025 09:30:00 +0000</pubDate> <category><![CDATA[Estate Planning]]></category>
<category><![CDATA[Wealth Creation]]></category>
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<category><![CDATA[Investing]]></category>
<category><![CDATA[Wealth Management]]></category>
<category><![CDATA[Personal Finance]]></category>
<author><![CDATA[ pklein@alinewealth.com (Peter J. Klein, CFA®, CAP®, CSRIC®, CRPS®) ]]></author> <dc:creator><![CDATA[ Peter J. Klein, CFA®, CAP®, CSRIC®, CRPS® ]]></dc:creator> <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/4Wq2gMvnzdRsnYv3Te8oaA-1280-80.jpg">
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<media:text><![CDATA[A man and woman celebrate a win as they sit at an outdoor cafe looking at a laptop.]]></media:text>
<media:title type="plain"><![CDATA[A man and woman celebrate a win as they sit at an outdoor cafe looking at a laptop.]]></media:title>
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