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Kiplinger

  • Bill would give savings more time to grow

    Bill would give savings more time to grow

    If you have money in a traditional IRA or 401(k), you probably already know that eventually you’ll have to take that money out and pay taxes on it. But the rules for taking required minimum distributions have always been confusing, especially because they require you to start tapping your accounts...

  • Avoid a password scramble

    Avoid a password scramble

    About a year ago, my friend Susie’s husband died unexpectedly. John left Susie with a technology nightmare: an Apple computer, four iPads, four iPhones, a stack of hard drives — and no passwords. That left her unable to get access to critical information, including tax records, and accounts in...

  • Get the most from an HSA

    Get the most from an HSA

    Q: I’m 60, and I understand that I can withdraw up to $1,580 from my health savings account tax-free to pay long-term-care insurance premiums. Can I also use money from the HSA for my spouse’s long-term-care premiums? A: Yes. You can use money from your HSA tax-free to pay eligible medical expenses...

  • What happens if you work after starting to take benefits?

    What happens if you work after starting to take benefits?

    Q: I plan to work even after I take Social Security at age 70. Because I’ll be claiming benefits, does that mean I won’t have to pay into the Social Security system on my wages? A: Sorry, but no. Even if you receive benefits, you’ll have Social Security tax withheld from your wages. And up to 85...

  • What college scandal can teach parents

    What college scandal can teach parents

    News that 33 wealthy parents were indicted on fraud charges for allegedly trying to bribe or cheat their kids’ way into elite colleges was certainly shocking. These kids were already neck-deep in privilege and opportunity. The comment at a news conference from Andrew Lelling, U.S. attorney for...

  • Job market looks appealing for new grads

    Job market looks appealing for new grads

    I recently interviewed Edwin Koc, research director at the National Association of Colleges and Employers, which connects colleges and universities with recruiting professionals, to discuss the job market for new grads. Q: With the unemployment rate at historic lows, how difficult will it be for...

  • 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...

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