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Kiplinger

  • Don't put all your investment eggs in one basket

    Don't put all your investment eggs in one basket

    For the 70th anniversary of Kiplinger's Personal Finance, we are offering our best ways to build wealth -- and that includes not putting your eggs in one basket. Spread out your investments Playing it safe with a diversified mix of stocks and bonds can help your portfolio stay afloat during bad...

  • Best route to bargain airfares

    Best route to bargain airfares

    Scott Keyes of Scott’s Cheap Flights is obsessed with bargains — and he’s willing to share. He has a website, has written two books and has an email newsletter that tags international airfare deals for his 350,000 subscribers. Here are some of his best tips: Q: What's your number-one rule for finding...

  • Take stock of your retirement readiness

    Take stock of your retirement readiness

    For the 70th anniversary of Kiplinger's Personal Finance, we are offering our best advice on how to build wealth, including securing your retirement nest egg. Take stock of where you stand Estimate the future value of your current savings and see how much more you'll need to save to hit your retirement...

  • Consider working longer for better retirement

    Consider working longer for better retirement

    Working into the second half of your 60s (or even longer) can mean a happier, more financially secure retirement when you finally leave your job. Here are five good reasons for working at least a few more years: 1. Employee benefits: The perks you get on top of your paycheck can be worth hundreds...

  • Maxing out IRA, 401(k) contributions

    Maxing out IRA, 401(k) contributions

    Q: My son, who is 23 and single, contributed the maximum $18,000 to his Roth 401(k) at work in 2016. His employer matched $9,000. Can he also make a tax-deductible contribution to an IRA? A: It's great that your son is maxing out his 401(k) at age 23. Anyone who participates in a 401(k) or other...

  • Weighing growth, risk in retirement

    Weighing growth, risk in retirement

    For any soon-to-be retiree, the challenge is to figure out how to generate growth in your investments while tamping down risk. A portfolio with 55 percent stocks, 40 percent bonds and 5 percent cash gets you in the ballpark. For a bit more growth, you might adjust the mix to 60 percent stocks/40...

  • Who qualifies for retirement savers' tax credit?

    Who qualifies for retirement savers' tax credit?

    Q: I retired from my career a few years ago but still earn a little money working part time at a golf course. Can I qualify for the retirement savers' tax credit? A: You may qualify for this frequently overlooked tax credit. However, the type of income used to determine eligibility for the savers'...

  • Tax tips for self-employed workers

    Tax tips for self-employed workers

    Q: I retired from my job early in 2016 and then did some part-time consulting work for my old company. I was paid a few thousand dollars as an independent contractor. What tax forms do I need to file, and what can I deduct? A: You should have received a Form 1099-MISC from your old employer reporting...

  • Smart financial moves as we settle into new year

    Smart financial moves as we settle into new year

    This is the perfect time of year to take advantage of opportunities to save for retirement and do some financial housekeeping.  Make the most of tax-advantaged retirement savings opportunities If you got a raise, bonus or any extra money in 2016, now's the time to add more to your retirement savings....

  • Is my Social Security statement the best way to estimate how much I'll get?

    Is my Social Security statement the best way to estimate how much I'll get?

    Q: How often should I be receiving a Social Security benefits statement in the mail, and what information does it show? Is this the best way to estimate how much I'll get from Social Security? A: You'll receive a statement once every five years from age 25 to 60, then annually until you start receiving...

  • Check fees on your 403(b) retirement plan

    Check fees on your 403(b) retirement plan

    If you're a teacher or employee of a nonprofit hospital or health care organization, you likely invest in a 403(b) retirement plan. These plans have the same tax benefits and contribution maximums as 401(k) plans. But there the similarities end. The 403(b) plans offered by schools, local governments...

  • Basic rules of Social Security elude many

    Basic rules of Social Security elude many

    A recent report by the U.S. Government Accountability Office concludes that most people don't know even the basic rules of Social Security and the strategies available to them. Among the fuzzy areas: the importance of health and family longevity in the claiming decision, the availability of spousal...

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