My First $1 Million: Health Insurance Executive, 54, Arizona
Welcome to Kiplinger’s My First $1 Million series, in which we hear from people who have made $1 million. They’re sharing how they did it and what they’re doing with it. This time, we hear from a married 54-year-old health insurance…
How 30 Everyday Millionaires Are Navigating the Great Wealth Transfer
We asked millionaires to show us the money, and several dozen have. The bulk of them are ordinary people like you and me, working hard, saving diligently and living within their means. They’re teachers and entrepreneurs and project managers from…
7 Frugal Travel Habits That Aren’t Worth It
Jet fuel prices have doubled compared to this same time last year, according to the International Air Transport Association. That has sent airfare prices soaring and caused some airlines to start canceling flights altogether. For travelers, that means…
Why Legal Documents Won’t Save Your Family’s Wealth
Over the next two decades, an estimated $124 trillion will move from older generations to their heirs, making the Great Wealth Transfer the largest intergenerational transfer of wealth in American history. Most families with $10 million or more in…
Why Invest In Index Funds When Prediction Markets Pay Big?
Would Americans seeking out more aggressive returns do well to ditch their index funds and jump into prediction markets? We wouldn’t bet on it — but the why is just as important as the answer itself. That’s because many folks are being drawn…
Ask the Editor: Can I Deduct a GoFundMe Contribution and More
Each week in our Ask the Tax Editor series, Joy Taylor, The Kiplinger Tax Letter editor, answers questions on topics submitted by readers. This week, she’s looking at four tax questions from readers on charitable donations, including one on whether…
The Great ‘Horizontal’ Wealth Transfer: Spouses Inherit First
Gen Xers and millennials are in line to receive trillions of dollars in the Great Wealth Transfer, but first the money must pass to the surviving spouse. Known as horizontal wealth transfer, women will benefit more, as they statistically outlive their…
How Delaware Statutory Trusts (DSTs) Actually Work
Today is the day you sell the apartment building you’ve owned for 20 years. You fixed the toilets You took the 2 a.m. calls about a burst pipe and a tenant locked out in the rain You handled the showings yourself You chased down rent when it…
Your 2027 Medicare Open Enrollment Guide: Essential Dates and Notices
Medicare beneficiaries can expect some important mail beginning in September. The official Medicare notices, plan updates and statements you receive play a critical role in guiding your healthcare decisions. Far from routine “junk mail,”…
Women’s Financial Literacy: How to Close the Gap
Several years ago, I met Linda shortly after her husband died. Like many couples, they split responsibilities during their marriage, with her husband managing the investments, taxes, retirement accounts, insurance and household finances. Linda trusted…