Kiplinger

  • Continuing care comes at a high cost

    Continuing care comes at a high cost

    If you like one-stop shopping as a consumer, you might also like a continuing care retirement community as a retiree. These facilities promise to see their older residents from independent living to skilled nursing care, should they ever need it. Convenience comes at a price, though. A residence...

  • Do I have to go to the office Christmas party?

    Do I have to go to the office Christmas party?

    Your guide to how to tip, avoid holiday gift gaffes and work the office Christmas party. Q: How do I tip everyone who helped me throughout the year without blowing my budget? A: Compose a list of people who do work for you or provide you service on a regular basis and prioritize end-of-year gratuities...

  • Stepping in to help parents with money issues

    Stepping in to help parents with money issues

    If unpaid bills are piling up at your aging parents’ house, your father is experiencing dementia or your mother was the victim of fraud, you may be compelled to get directly involved. “Stepping in is one of the hardest things in the world. It’s more than just having a conversation about finances,”...

  • Things that can trip you up when planning your retirement

    Things that can trip you up when planning your retirement

    When I was planning my retirement as editor this year, I thought I had everything under control. Prepared as I was, I didn’t reckon on some curveballs along the way or how labor intensive it would be to iron out all the devilish details. I’d like to share a few nuggets of wisdom to smooth the way...

  • A robo-adviser may be all you need

    A robo-adviser may be all you need

    These days, there’s an adviser for almost everyone, which means you should only pay for what you need. Defining the services you need will help guide you to choosing the adviser that’s right for you. If, for example, you decide that you primarily need advice about your investment portfolio, a robo-adviser...

  • Do you understand RMD rules?

    Do you understand RMD rules?

    Q: Are there any differences in the RMD rules for 401(k)s and for IRAs? A: The basic rules are similar: You generally must take required minimum distributions from traditional IRAs and 401(k)s every year after you turn age 70 1/2, and you use the same IRS life expectancy tables to calculate the...

  • Control the cost of your health care

    Control the cost of your health care

    Even if your health insurance premiums are on the rise, there are things you can do to control the cost and the quality of your care. Watch out for common errors: Billing errors are common, especially for complex medical procedures and hospital stays, so get an itemized bill that breaks down each...

  • How to help aging parents manage their money

    How to help aging parents manage their money

    Numerous studies have shown that our ability to manage complex tasks diminishes as we get older. For financial tasks, the decline typically starts after age 60. But because the decline is gradual, many seniors don’t realize that they’re having trouble managing their money, says Michael Finke, dean...

  • Get a boost in retirement with part-time job

    Get a boost in retirement with part-time job

    When Steve Cornelius retired in 2011 from his job as an executive for an industrial supply company in Atlanta, he moved to Minneapolis. “I can’t stand hot weather,” he says. But after a couple of years, he realized he needed something to do during Minnesota’s long, cold winters. His solution: a...

  • Women should break silence over money issues

    Women should break silence over money issues

    In her biography of Joan Rivers, author Leslie Bennetts describes how stunned the comedian was to discover that her business manager husband had left her millions of dollars in debt when he died. Here was a woman who made “Can we talk?” her catchphrase and who had built a wildly successful career,...

  • Protect your nest egg from inflation

    Protect your nest egg from inflation

    The inflation rate has averaged 2.2 percent since 2000, and the Kiplinger forecast is for 1.9 percent for 2018. That seems tame, but don’t underestimate the power of even modest inflation, which can significantly erode purchasing power over time. One way to make sure your nest egg keeps up with...

  • Transferring money from IRA to HSA

    Transferring money from IRA to HSA

    Q: I’m now on Medicare, but I had opened a health savings account when I was working and was covered by a high-deductible health insurance policy. Can I transfer funds from a traditional IRA to a health savings account? How much can be transferred? A: You can only transfer money from an IRA to...

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