Kiplinger

  • 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...

  • Bucket plan could be lifesaver in retirement

    Bucket plan could be lifesaver in retirement

    A bear market just as you enter retirement couldn’t come at a worse time if you’re forced to sell securities after prices have plunged. Certainly, many investors today worry about how long the bull market can keep running. That's where the bucket system can help. Basically, you divide your money...

  • Best places to retire, 2017

    Best places to retire, 2017

    When ticking off desirable features for places to live, millennials and retirees have a lot in common. Affordable homes? Check. A selection of good restaurants? Absolutely. A vibrant arts scene? Sure. Lots of outdoor recreation? You bet. A strong network of doctors and good health care facilities?...

  • Have a smart plan for inheritance

    Have a smart plan for inheritance

    The odds that you'll win the Powerball jackpot are about one in 292 million. There's a better chance you'll receive a modest windfall at some point in your life, and with proper planning, you can transform that bequest into a tidy nest egg. Two-thirds of baby boomers will receive an inheritance,...

  • Who qualifies for retirement saver's tax credit?

    Who qualifies for retirement saver's tax credit?

    Q: I'm about to start a new job that finally has a 401(k), and I am trying to decide how much I can afford to contribute. Will my contributions make me eligible for the retirement saver's tax credit, and how much will that be worth? A: If you contribute to a 401(k), traditional or Roth IRA, 403(b),...

  • Here's how to get to $1 million

    Here's how to get to $1 million

    Your odds of becoming a millionaire aren't what they used to be -- they're better. A record number of U.S. households have reached that enviable goal. At the end of 2016, 10.8 million households had a net worth of $1 million or more, not including their primary residence, reports the Spectrem Group....

  • Figuring out taxes on variable annuity withdrawals

    Figuring out taxes on variable annuity withdrawals

    Q: I invested $150,000 in a variable annuity about 15 years ago and haven’t taken any withdrawals yet. Now that I’m in my late sixties, I’d like to start tapping the account, which is now worth about $210,000. How will the withdrawals be taxed? A: Variable annuities aren’t taxed until you withdraw...

  • Thinking far ahead can boost savings

    Thinking far ahead can boost savings

    Financial health has both economic and emotional dimensions, and the right balance of the two is crucial for success with your money. If you have any doubts, consider the blissful spendthrift on the road to financial ruin, says Sarah Newcomb, a behavioral economist at investment research firm Morningstar....

  • Home buyers need to be fast, be smart

    Home buyers need to be fast, be smart

    I recently interviewed Nela Richardson, chief economist for Redfin, a national real estate brokerage, to discuss the housing market. Q: How would you describe the housing market? A: Hot and record-breaking. This past spring, strong demand and a shortage of inventory resulted in the lowest supply...

79°