Financial News from Kiplinger

  • FAQs About Health Savings Accounts Kiplinger - Sat, Jan 28, 2017 3:30 AM AEDT

    A health savings account can be a powerful financial tool to cover medical expenses and save for the future.

  • 10 Things Boomers Must Know About RMDs From IRAs Kiplinger - Sun, Jan 1, 2017 1:48 AM AEDT

    Nobody was thinking about RMDs at Woodstock. The present from Uncle Sam is a demand that they begin withdrawing funds from their traditional individual retirement accounts and employer-sponsored retirement plans, such as 401(k)s. (Many boomers were in their mid thirties when IRAs first became widely available.) If you're among those at the head of this parade, you need to know the ins and outs of required minimum distributions (RMDs). If your 70th birthday falls between January 1 and June 30, you'll turn 70 1/2 in that same year and must take your first required distribution from your traditional IRAs.

  • How 6 Types of Retirement Income Are Taxed Kiplinger - Fri, Dec 30, 2016 1:00 AM AEDT
    How 6 Types of Retirement Income Are Taxed

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

  • 15 Worst States to Live in During Retirement Kiplinger - Sat, Dec 17, 2016 12:01 AM AEDT
    15 Worst States to Live in During Retirement

    Thinkstock Number crunching alone can't tell you where to retire. That's a choice you'll ultimately need to make on your own. But identifying the places that hold the lowest appeal for retirees can at ...

  • 10 Secrets Shoppers Need to Know About Aldi Kiplinger - Tue, Dec 13, 2016 1:10 AM AEDT
    10 Secrets Shoppers Need to Know About Aldi

    For many shoppers who are serious about spending less on groceries, a trip to discount supermarket Aldi is a weekly ritual. If there isn't an Aldi near you, don't be surprised if one pops up soon. Never shopped at Aldi before?

  • 3 Things No One Tells You About Retirement Kiplinger - Sat, Dec 10, 2016 4:10 AM AEDT
    3 Things No One Tells You About Retirement

    Retirees will face a few surprises when it comes time to stop working.

  • 11 ways to avoid wasting money at Christmas Kiplinger - Thu, Nov 24, 2016 12:00 AM AEDT
    11 ways to avoid wasting money at Christmas

    The holidays can put a big dent in anyone's bank account. Even if you were smart enough to set aside extra money to spread some holiday joy, you can easily bust your budget if you use the holidays as an excuse to abandon good financial habits.

  • 15 ways to earn extra cash fast Kiplinger - Wed, Nov 23, 2016 12:00 AM AEDT
    15 ways to earn extra cash fast

    As much as many of us look forward to the holidays, there’s that pang of dread: It’s an expensive time of year. And if you haven’t budgeted for it, those costs will eat into your usual monthly expenses or add to your credit card debt.

  • How Presidential Elections Affect the Stock Market Kiplinger - Thu, Nov 10, 2016 4:30 AM AEDT
    How Presidential Elections Affect the Stock Market

    Myths abound, but when it comes to your portfolio, it doesn't matter much which party wins the White House.

  • 5 tech investments poised for growth Kiplinger - Wed, Nov 9, 2016 12:00 AM AEDT
    5 tech investments poised for growth

    To get higher profits over the long haul, you need higher sales of products and services that keep improving. Tech firms are the best place to look.

  • Financial Decisions You Will Regret in Retirement Kiplinger - Sun, Oct 16, 2016 5:27 AM AEDT

    As more and more baby boomers start eyeing the coastline of retirement, thoughts turn from the daily worry over the Monday-through-Friday commute to concerns about how to fund the golden years. How about your 401(k), IRA and other retirement accounts that make up your nest egg? Do you have a good handle on when to claim Social Security benefits?

  • 10 Most Tax-Friendly States for Retirees 2016 Kiplinger - Fri, Oct 14, 2016 1:11 AM AEDT
    10 Most Tax-Friendly States for Retirees 2016

    iStock Retirees have special concerns when evaluating state tax policies. For instance, the mortgage might be paid off, but how bad are the property taxes - and how generous are the property tax breaks ...

  • Retirees, It's Okay to Spend Kiplinger - Thu, Oct 13, 2016 2:16 AM AEDT
    Retirees, It's Okay to Spend

    Most retirees of moderate means, as well as those who are affluent, don't even spend all of their income, much less draw down the principal in their nest egg.

  • 6 Reasons to Start Shopping at Target Again Kiplinger - Tue, Sep 27, 2016 6:48 AM AEST

    The cheap chic pioneer deserves a fresh look from shoppers who drifted away.

  • 7 Important Steps to Take in the Year Before You Retire Kiplinger - Tue, Sep 27, 2016 6:45 AM AEST

    The most critical phase of retirement may just be the year before you leave your job. Use the time to get your plan squared away.

  • How a Roth Conversion Can Save You and Your Heirs Thousands Kiplinger - Tue, Sep 27, 2016 6:37 AM AEST

    With a Roth, you can avoid RMDs and let more of your money grow tax-free.

  • Ways Your Employer Can Help You Plan for Retirement Kiplinger - Fri, Sep 23, 2016 6:44 AM AEST

    Overwhelmed by your impending retirement? Your employer may be able to assist with the transition.

  • Don't Fall for These Common Social Security Myths Kiplinger - Wed, Sep 21, 2016 4:32 AM AEST
    Don't Fall for These Common Social Security Myths

    The complexity of the system, its evolution and a shift in demographics that threatens its solvency have created confusion over what Social Security can and will deliver . Social Security benefits are primarily based on two variables: your highest earnings over 35 years and your age when you file for benefits. The maximum benefit for someone retiring at full retirement age (66 for people born in 1943 through 1954) in 2016 is $2,639 a month.

  • Tax-Smart Ways to Lower Your RMDs in Retirement Kiplinger - Sun, Sep 11, 2016 11:42 PM AEST
    Tax-Smart Ways to Lower Your RMDs in Retirement

    Once you turn 70½, Uncle Sam wants his share, so he requires you to take withdrawals from your traditional IRAs, 401(k)s and other tax-deferred plans--or face a penalty of 50% of the amount you should have withdrawn. If you've built up a large balance in 401(k)s, rollover IRAs and other tax-deferred accounts and have another source of income, such as a pension, RMDs can create a host of tax tribulations. Because the withdrawals are taxed as regular income, RMDs could push you into a higher tax bracket.

  • Financial Decisions That Will Haunt You in Retirement Kiplinger - Fri, Sep 9, 2016 4:44 AM AEST

    Avoid these mistakes now, so you don't regret them later.

  • When Should You Take Social Security? Kiplinger - Fri, Sep 9, 2016 4:39 AM AEST
    When Should You Take Social Security?

    As a financial professional, I get a lot of questions. Deciding the right age to take your Social Security benefits can be tricky. Although conventional wisdom says to delay taking your benefits for as long as possible, according to the Center for Retirement Research, nearly 40% of retirees file for Social Security as soon as they turn 62, the earliest age at which the Social Security Administration (SSA) allows you to claim your benefits.

  • Which States Tax Social Security Retirement Benefits? Kiplinger - Thu, Sep 8, 2016 12:30 AM AEST

    Your monthly check could take a hit if you live in one of these 13 states.

  • What Retirees Must Know About Medicare Advantage Plans Kiplinger - Wed, Sep 7, 2016 4:35 AM AEST

    If you need additional help covering medical expenses, here's what you need to know.

  • The Most Tax-Friendly States in the U.S. Kiplinger - Mon, Aug 29, 2016 3:32 AM AEST
    The Most Tax-Friendly States in the U.S.

    Updated for 2016, here is our list of the 10 most tax-friendly states in the U.S. Five of the states on our list, including the top four, have no state income tax at all. You may be willing to pay above-average property taxes in exchange for excellent schools.

  • The Least Tax-Friendly States in the U.S. Kiplinger - Mon, Aug 29, 2016 3:27 AM AEST
    The Least Tax-Friendly States in the U.S.

    Thinkstock Lots of people fret about how much they have to pay Uncle Sam, but he's not the only tax man you have to worry about: Your state can squeeze you for plenty of taxes, too. State income taxes ...

  • 5 Ways to Avoid Taxes on Your Social Security Benefits Kiplinger - Wed, Aug 24, 2016 6:20 AM AEST

    A few strategies can reduce (or eliminate) the taxes you'll owe on your benefits.

  • 10 Stores With the Best Price Matching Kiplinger - Sat, Aug 20, 2016 2:41 AM AEST

    Wise to your showrooming ways, retailers are making it easier for you to buy on the spot, at a discount.

  • 9 Home Money Pits That Sap Your Savings Kiplinger - Tue, Aug 9, 2016 4:10 AM AEST
    9 Home Money Pits That Sap Your Savings

    These tips can save you money in the short term and increase the value of your home.

  • 9 Dividend Stocks to Buy With Both Fists Kiplinger - Tue, Aug 9, 2016 4:00 AM AEST
    9 Dividend Stocks to Buy With Both Fists

    Uncertainty and low rates will keep these dividend stocks squarely in investors' crosshairs for months to come.

  • 3 Core Index Funds to Fill Out Your Portfolio Kiplinger - Tue, Aug 9, 2016 12:00 AM AEST
    3 Core Index Funds to Fill Out Your Portfolio

    Index funds are still the best building blocks for your portfolio.

  • 7 Good Dividend Stocks to Buy While They Are Cheap Kiplinger - Mon, Aug 8, 2016 11:20 PM AEST
    7 Good Dividend Stocks to Buy While They Are Cheap

    These undervalued picks each yield 3% or more.

  • 3 Good REITs to Buy to Earn High Yields Kiplinger - Mon, Aug 8, 2016 11:20 PM AEST
    3 Good REITs to Buy to Earn High Yields

    Real estate investment trusts can be great sources of income in today's market.

  • 3 Retirement Funds That Can Boost Your Portfolio Kiplinger - Mon, Aug 8, 2016 11:10 PM AEST
    3 Retirement Funds That Can Boost Your Portfolio

    These three mutual funds offer different strategies to help you meet retirement goals.

  • 4 Great ETFs Loaded With Value Stocks Kiplinger - Fri, Aug 5, 2016 11:20 PM AEST
    4 Great ETFs Loaded With Value Stocks

    Exchange-traded funds with a value tilt are another way to invest in the shift toward bargain stocks.

  • What Happens to Your 401(k) When You Die - Like It or Not Kiplinger - Sat, Jul 30, 2016 6:20 AM AEST
    What Happens to Your 401(k) When You Die - Like It or Not

    If a married 401(k) saver dies, the funds almost always go to the spouse.