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Kiplinger

  • How to prepare for solo retirement

    How to prepare for solo retirement

    Two sobering letters from readers address the challenges that single people face when they retire. “Publications and websites talk to their readers as if they are always married,” writes Vic Linares. “Never do articles address retirees who are single and how they cope.” And John Scholtz observes...

  • How to redeem bonds purchased electronically

    How to redeem bonds purchased electronically

    Q: How do you redeem Series I bonds purchased electronically? A: If you bought the I bonds through TreasuryDirect.gov, you can log in to your TreasuryDirect account and use the link for redeeming securities in ManageDirect. The cash amount can be credited to your checking or savings account. If...

  • Planning for retirement when one spouse is much younger

    Planning for retirement when one spouse is much younger

    Retirement decisions are always complex, but they can be doubly so when there’s a big age gap between spouses. Much of the standard retirement advice may not work for age-gap couples. “You have to throw away the playbook that you would use for a couple retiring at a similar age,” says Steve Parrish,...

  • How to make saving money a habit

    How to make saving money a habit

    Some of us are naturally big savers; others need to work at saving until it becomes a habit. If you’re in the latter category, here are some tips to help you sock away more money. The first step is to have a goal. Having something to aim for will keep you motivated to save. But the goal shouldn’t...

  • Tried-and-true ways to build solid portfolio

    Tried-and-true ways to build solid portfolio

    The decade-long bull market in stocks has helped increase the number of millionaire households in the U.S. to nearly 7.7 million, or about 6.2 percent of total U.S. households. That means they hold $1 million or more in investable assets, excluding the value of real estate, employer-sponsored retirement...

  • How to handle side-hustle retirement savings

    How to handle side-hustle retirement savings

    Q: I have a full-time job with a 401(k) and also do some freelance work in the evenings. If I contribute the maximum to my employer’s 401(k), can I also contribute to a self-employed retirement plan, such as a SEP or solo 401(k)? A: You can contribute income from a full-time job to your employer’s...

  • New baby? Start saving for college now

    New baby? Start saving for college now

    The morning after my husband, Tom, and I learned that I was pregnant, I found him quietly tapping and clicking on his laptop. If I weren’t already sure that we were a match made in personal finance heaven, that moment would have confirmed it: He was looking up projected college costs a couple of...

  • Is $1 million enough for retirees?

    Is $1 million enough for retirees?

    At the end of the fourth quarter of 2018, Fidelity Investments reported that 133,800 of the retirement accounts it manages had a balance of $1 million or more. That’s only a small percentage of the company’s accounts, but the number of 401(k) millionaires has been rising steadily, and these savers...

  • Caregivers need to secure nest egg

    Caregivers need to secure nest egg

    Cindy Hounsell, president of WISER, the Women’s Institute for a Secure Retirement, discusses financial challenges facing women. Q: Women are more likely to take on the role of full-time caregivers. What is the financial cost to them? A: When I first started doing this, caregiving advocates would...

  • NFL player teaches class on money management

    NFL player teaches class on money management

    Brandon Copeland, a linebacker with the New York Jets, believes in saving and spending wisely. Nearly 60 percent of his post-tax salary goes toward “safe, long-term” investments, 30 percent goes toward savings, and he lives off what’s left. He doesn’t claim to be a personal finance expert, but...

  • Retirees also need emergency fund

    Retirees also need emergency fund

    You may think of an emergency fund as the stash of cash to keep in the event of a job loss. But retirees may need emergency funds, too, even if savings cover basic living expenses. Your careful financial planning can be upended in retirement by unanticipated costs, such as a broken furnace, a leaky...

  • When does it make sense to buy travel insurance?

    When does it make sense to buy travel insurance?

    Q: I’m going on vacation to the Caribbean this summer. Is it a good idea to buy travel insurance? What should I look for in a policy? A: Travel insurance can be valuable if you would lose a lot of money in nonrefundable airfare tickets and resort deposits if you had to cancel your trip. More importantly,...

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