Financial News from Kiplinger

  • 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your traditional IRAs, 401(k)s and other tax-deferred plans--or face a penalty of 50% of the amount you should have withdrawn.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.

  • 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.

  • 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 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.

  • 6 Costly Retirement Planning Mistakes Kiplinger - Sat, Jul 30, 2016 4:30 AM AEST
    6 Costly Retirement Planning Mistakes

    Be sure to avoid these common errors.

  • When Buying Annuities Makes Sense Kiplinger - Sat, Jul 30, 2016 4:30 AM AEST
    When Buying Annuities Makes Sense

    These complicated financial products often come with high fees and little liquidity, but here are three reasons I'd recommend them.

  • 5 Steps to Reducing Stress in Retirement Kiplinger - Sat, Jul 30, 2016 4:20 AM AEST
    5 Steps to Reducing Stress in Retirement

    Create a realistic plan to retire how you'd like, and you'll ease the pressure of making your money last.

  • Where Clinton and Trump Stand on Retirement Programs Kiplinger - Sat, Jul 30, 2016 3:44 AM AEST
    Where Clinton and Trump Stand on Retirement Programs

    Key differences: Clinton would expand Social Security benefits for women who are widows and caregivers, and let individuals over age 50 or 55 buy into Medicare. Trump has pledged to preserve Social Security and Medicare throughout his campaign, but recently his advisers have hinted at entitlement cuts to keep both programs solvent in the future. Key Clinton quote: “Rather than expand benefits for everyone, I do want to take care of low-income seniors who worked at low-wage jobs.

  • 3 Best Vanguard Funds for Dividend Lovers Kiplinger - Sat, Jul 30, 2016 3:10 AM AEST
    3 Best Vanguard Funds for Dividend Lovers

    These are the best Vanguard funds for those looking for a combination of low costs and steady income.

  • Beware the Hidden Costs of Mutual Funds Kiplinger - Sat, Jul 30, 2016 2:00 AM AEST
    Beware the Hidden Costs of Mutual Funds

    The fees you may not even know you're paying can be hazardous to your investment health.

  • 3 Things No One Tells You About Retirement Kiplinger - Sat, Jul 30, 2016 1:00 AM AEST
    3 Things No One Tells You About Retirement

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

  • 4 Utility Stocks to Juice Your Portfolio Kiplinger - Sat, Jul 30, 2016 12:50 AM AEST
    4 Utility Stocks to Juice Your Portfolio

    Though utility yields may be lower than some other sectors, they can be far safer.

  • 7 Things Every Retirement Investor Should Own Kiplinger - Fri, Jul 29, 2016 11:20 PM AEST
    7 Things Every Retirement Investor Should Own

    Get cozy with your retirement nest egg in these ETFs.

  • 10 Things You Didn't Know About Air Force One Kiplinger - Fri, Jul 29, 2016 7:30 AM AEST
    10 Things You Didn't Know About Air Force One

    In 2021 or thereabouts, the president of the United States will board a spanking new Air Force One that will boast new standards of technological sophistication and comfort for the traveling commander in chief. Seven separate airplanes have carried presidents, each with a unique story. Few Americans of a certain age can forget the televised images of the casket containing the body of President John Kennedy being loaded on to Air Force One on the tarmac of Dallas' Love Field.

  • 7 Ways to Cut the Cost of College Tuition Kiplinger - Fri, Jul 29, 2016 3:39 AM AEST
    7 Ways to Cut the Cost of College Tuition

    Depending on where you’re willing to take classes and how hard you’re willing to work to earn the breaks, you can trim your annual tuition costs by as little as $500 (by winning a small scholarship) or in full (by attending a tuition-free school). Several colleges offer free tuition – yes, free tuition – although you’ll still need to budget for room and board and miscellaneous fees, such as textbooks and transportation. At Berea College in Kentucky, students work 10 hours a week and receive a tuition scholarship worth $97,200 over four years.

  • 5 best stocks to buy for the next 50 years Kiplinger - Fri, Jul 29, 2016 12:00 AM AEST
    5 best stocks to buy for the next 50 years

    Only a few types of companies can survive in essential perpetuity, and the ones who can have stocks you'll want to hold for the rest of your life.

  • 6 Estate Planning Tips for Those Approaching Death Kiplinger - Wed, Jul 27, 2016 7:40 AM AEST
    6 Estate Planning Tips for Those Approaching Death

    Consider taking some last-minute action to save your beneficiaries from having to deal with extra costs.

  • Little-Known Ways to Save Hundreds Year-Round With Your Student ID Kiplinger - Wed, Jul 27, 2016 3:43 AM AEST
    Little-Known Ways to Save Hundreds Year-Round With Your Student ID

    With the Amazon Student program, your university e-mail address gets you free two-day shipping on eligible items from Amazon’s vast selection, unlimited digital photo storage and exclusive offers for students during a free six-month trial. After the trial is up, you can upgrade to Amazon Student Prime for 50% off. Many clothing stores offer student discounts, which may be especially appealing to soon-to-be graduates assembling a wardrobe for job interviews, internships and their first full-time gigs.

  • 6 Easy Steps to Figure Out How Much You Need to Retire Kiplinger - Wed, Jul 27, 2016 3:10 AM AEST
    6 Easy Steps to Figure Out How Much You Need to Retire

    Before you can reach your lump sum goal, estimate the income required to support the retirement you want.

  • 3 Cult Stocks to Avoid: Tesla, Netflix, Amazon Kiplinger - Wed, Jul 27, 2016 12:30 AM AEST
    3 Cult Stocks to Avoid: Tesla, Netflix, Amazon

    AMZN, TSLA and NFLX may be hugely successful, but are dangerous buys.

  • 10 Secrets Shoppers Should Know About Aldi Kiplinger - Wed, Jul 27, 2016 12:20 AM AEST
    10 Secrets Shoppers Should 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?