Financial News from Kiplinger

  • 10 Best Jobs That Don't Require a College Degree Kiplinger - Thu, Jul 30, 2015 11:10 PM AEST
    10 Best Jobs That Don't Require a College Degree

    A bachelor's degree is often thought to be the key to financial success. After all, a typical college graduate earns 68% more than a worker with just a high school diploma. "Going to college has long been, since the end of World War II, the preferable path to the middle class," says Anthony Carnevale, director of the Georgetown University Center on Education and the Workforce.

  • 9 Ways to Get Your Car to 200K Miles (or More) Kiplinger - Mon, Jul 13, 2015 12:02 AM AEST

    istockphoto The average age of cars on the road today is higher than ever -- over 11 years old, according to automotive market intelligence firm Polk. That's partially a function of a slow economy, but ...

  • 10 States Where Taxes Are Going Up Kiplinger - Thu, Jul 2, 2015 3:40 AM AEST
    10 States Where Taxes Are Going Up

    In others, soft drinks, cigarettes, gasoline and live entertainment will cost more. The tax increases may come as a surprise, since there are more pro-business, antitax Republicans in state legislatures than at any point since 1920. Buying a pair of Jimmy Choo shoes or even a T-shirt from the Gap will cost a little more in the Constitution State under a budget deal that is expected to yield nearly $1.7 billion in new revenue.

  • 6 Money Mistakes That Newlyweds Make Kiplinger - Wed, Jul 1, 2015 4:27 AM AEST
    6 Money Mistakes That Newlyweds Make

    Get your marriage off on the right financial foot by talking openly with your new spouse and avoiding these financial faux pas.

  • Best Jobs for the Future 2015 Kiplinger - Wed, Jun 24, 2015 3:41 AM AEST

    As baby boomers retire, their mass exodus from the labor market presents younger generations with greater employment opportunities. "A big theme affecting the job market is the aging population," says Joshua Wright, of Economic Modeling Specialists International (EMSI), a labor market research firm.

  • 10 Things You Must Know About Social Security Kiplinger - Tue, Jun 16, 2015 11:40 PM AEST

    For many Americans, Social Security benefits are the bedrock of retirement income. Maximizing that stream of income is critical to funding your retirement dreams. By educating yourself about Social Security, you can ensure that you claim the maximum amount to which you are entitled.

  • Cheapest Big Cities in the U.S. to Live In Kiplinger - Mon, Jun 8, 2015 10:10 PM AEST

    We found great places where you can live large on a small budget.

  • Best States for Retirement 2015 Kiplinger - Thu, Jun 4, 2015 3:57 AM AEST
    Best States for Retirement 2015

    Finally, we weighed the tax situation for retirees in each state. The following 10 states topped our rankings of retirement destinations. No state is perfect, but within each we identified a city or two that should hold particular appeal to retirees.

  • Bad Credit Can Cost You a Job, Home, Smartphone and More Kiplinger - Wed, May 27, 2015 3:11 AM AEST
    Bad Credit Can Cost You a Job, Home, Smartphone and More

    A low credit score and poor credit history can do more than just affect your ability to get a loan.

  • Calculate Your Odds of an IRS Tax Audit Kiplinger - Wed, May 27, 2015 3:11 AM AEST
    Calculate Your Odds of an IRS Tax Audit

    Our in-depth look into how the IRS chooses its targets--and goes about its probes.

  • Things You Should Not Buy Online Kiplinger - Tue, May 19, 2015 1:16 AM AEST

    Convenience is surely a major driver behind the growing popularity of online shopping. You'll pay even more if the seller doesn't cover return shipping for orders you decide not to keep.

  • How to Avoid Paying 21 Annoying Fees Kiplinger - Fri, May 8, 2015 5:50 AM AEST
    How to Avoid Paying 21 Annoying Fees

    Or you inadvertently overdrew your checking account by a few dollars and got dinged $35 by your bank.

  • 6 Great Stock Picks for an Aging Bull Market Kiplinger - Thu, May 7, 2015 2:10 AM AEST

    Their money has helped Wells become the largest U.S. mortgage lender, as well as the biggest bank by stock market value, worth $280 billion.

  • Biggest Supermarket Shopping Mistakes Kiplinger - Wed, May 6, 2015 1:00 AM AEST

    Save money by avoiding theses pitfalls at the grocery store.

  • 5 Cool New Technologies Launched via Crowdfunding Kiplinger - Tue, May 5, 2015 7:40 AM AEST

    Tech entrepreneurs are increasingly bypassing banks and venture capital for financial backing, and reaching out to the general public via sites such as Kickstarter and Indiegogo. Pebble used the cash to bring its Pebble Time ($200) to market.

  • Big Financial Risks That Paid Off Kiplinger - Thu, Apr 30, 2015 4:59 AM AEST
    Big Financial Risks That Paid Off

    She knew the risks: loss of compounded growth on her retirement savings and the prospect of having to pay it back in full within 60 days if she lost her job (see 4 Reasons It's a Bad Idea to Borrow From Your 401(k)).

  • Worst States for Retirement 2015 Kiplinger - Sat, Apr 18, 2015 12:56 AM AEST
    Worst States for Retirement 2015

    We also took into account the presence of a robust retirement-age population. Unfriendly state tax laws for retirees add to their burden: Utah is one of the few states that taxes Social Security benefits.

  • 10 Ways to Waste Your Tax Refund Kiplinger - Wed, Apr 15, 2015 1:10 AM AEST
    10 Ways to Waste Your Tax Refund

    The smarter way to spend your tax refund: Before you take on more debt, pay off the debt you already have. The smarter way to spend your tax refund: Rather than head to the mall with your refund, go to the bank to open an interest-bearing savings account to start an emergency fund--or build upon an emergency fund you already have. The smarter way to spend your tax refund: Rather than gamble away your money, put it to work for you in a retirement account. You can contribute the full $5,500 as long as your income falls below $116,000 if you're single, and $183,000 if you're married and filing a joint tax return.

  • Tax Day Freebies and Deals Kiplinger - Tue, Apr 14, 2015 1:22 AM AEST
    Tax Day Freebies and Deals

    Taxpayers can ease the pain of filing a tax return by taking advantage of special offers on or around April 15.

  • 26 Secrets to Save on Travel Kiplinger - Sat, Apr 11, 2015 6:42 AM AEST
    26 Secrets to Save on Travel

    Follow our guide to bagging the best bargains on your next vacation.

  • How to Pick the Best Place to Retire Kiplinger - Thu, Apr 9, 2015 5:43 AM AEST
    How to Pick the Best Place to Retire

    Narrow your choices by doing online research, and then plan to visit in person before settling on a new locale.

  • Don't Throw Away These Tax Records Kiplinger - Tue, Mar 31, 2015 1:22 AM AEDT
    Don't Throw Away These Tax Records

    After you file this year's tax return, these are the old documents you should keep and the ones you can toss.

  • 3 Ways to Guarantee Retirement Income for Life Kiplinger - Thu, Mar 26, 2015 4:56 AM AEDT
    3 Ways to Guarantee Retirement Income for Life

    Insurers are rolling out a variety of annuities that they contend address baby boomers' desire for flexibility and choice.

  • Best Times to Buy Big-Ticket Items Kiplinger - Fri, Mar 20, 2015 2:42 AM AEDT

    The best deals on bicycles appear during the off-season - in other words, the cold months, says Kristin Cook, managing editor of Ben's Bargains, a Web site that specializes in finding online deals. Furniture sellers including IKEA and Overstock.com slash prices as much as 70% on select items during Presidents' Day sales, he says.

  • Smart Moves to Save on Your 2014 Tax Return Kiplinger - Sat, Mar 14, 2015 7:08 AM AEDT
    Smart Moves to Save on Your 2014 Tax Return

    Can't get through to the IRS? Forget the feds. We have answers that could save you a bundle.

  • 15 IRS Audit Red Flags Kiplinger - Sat, Mar 7, 2015 2:10 AM AEDT
    15 IRS Audit Red Flags

    Ever wonder why some tax returns are eyeballed by the Internal Revenue Service while most are ignored? Normally, the passive loss rules prevent the deduction of rental real estate losses.

  • Worst Things to Buy in Bulk Kiplinger - Tue, Mar 3, 2015 2:56 AM AEDT

    Thinkstockphoto Repeat after me: Bigger isn't always better. Yes, you certainly can save money by buying some things in bulk. But it's a mistake to think that the biggest package you can find at Costco ...

  • Make Your Retirement Savings Last a Lifetime Kiplinger - Thu, Feb 26, 2015 4:40 AM AEDT

    To boost a nest egg's longevity, advisers and academics are increasingly turning to 'dynamic' drawdown strategies that adapt to changing circumstances.

  • 10 Costly Mistakes Shoppers Make at Supermarkets Kiplinger - Thu, Feb 26, 2015 2:42 AM AEDT
    10 Costly Mistakes Shoppers Make at Supermarkets

    You could easily save money on groceries by shopping smarter.

  • Money Mistakes Couples Make Kiplinger - Fri, Feb 13, 2015 3:40 AM AEDT
    Money Mistakes Couples Make

    Why it's a mistake: If your significant other's name is the only one listed, "you leave yourself open to being thrown out on the street at a moment's notice" if you break up, says Kevin Reardon, a certified financial planner and owner of the Pewaukee, Wis.-based financial planning firm Shakespeare Wealth Management. Couples should also consider drafting a cohabitation agreement that clearly states the living arrangements they've agreed to. You can seek out the help of a lawyer in writing a cohabitation agreement, but a basic agreement can cost up to $2,000, she says. How to avoid it: Early and frequent communication with your sweetheart is critical to help avoid fights down the road, says Cathy Pareto, a financial adviser in Coral Gables, Fla. Several crucial issues should be up for discussion before marriage, including how much money each person earns, where it comes from, where it has been and will be saved and invested, and where it's spent each month.

  • How 6 Types of Retirement Income Are Taxed Kiplinger - Wed, Feb 4, 2015 3:16 AM AEDT
    How 6 Types of Retirement Income Are Taxed

    Consider the tax tab your income sources will generate in retirement.

  • 8 Best Retirement Freebies Kiplinger - Sat, Jan 31, 2015 7:22 AM AEDT
    8 Best Retirement Freebies

    Older adults can take advantage of these retiree-friendly goods and services at no cost.

  • Believe-It-Or-Not Tax Deductions Kiplinger - Fri, Jan 30, 2015 4:03 AM AEDT

    On the other hand, your fellow taxpayers have successfully claimed write-offs for many things that most of us wouldn't even imagine, ranging from cat food to a casualty loss for a vehicle totaled by a drunk driver. He claimed he was entitled to a $9,000 casualty loss. The Tax Court said that most of the $160,000 was a deductible business expense because the firm obtained new business connections, favorable construction financing deals and other similar benefits from its sponsorship. Nevertheless, the Tax Court allowed him the write-off because he translated what he saw and heard in the music scene and taught it to his students.

  • Tax Breaks for the Middle Class Kiplinger - Fri, Jan 9, 2015 4:43 AM AEDT
    Tax Breaks for the Middle Class

    If you believe that tax breaks are for millionaires and companies with offshore subsidiaries, you're probably paying too much to the IRS. In recent years, lawmakers have enacted dozens of tax incentives targeted at middle-class families. Taking full advantage of these tax breaks is particularly important for dual-income couples because there's a good chance they'll get hit by the marriage penalty--when two individuals pay more in taxes as a married couple than they would pay if they were both single. Anyone with earned income (meaning income from work rather than investments) can contribute to a traditional IRA, but not everyone who contributes can claim a tax deduction.

  • Where Do You Rank as a Taxpayer? Kiplinger - Fri, Jan 9, 2015 3:27 AM AEDT
    Where Do You Rank as a Taxpayer?

    Do you know how you compare with your fellow taxpayers when it comes to the income you make and the taxes you pay? We have the answer.