Essential Financial To-Dos for 11 of Life’s Biggest Milestones
When celebrating a major moment — a big birthday, graduation, marriage — no one wants to consider the financial implications. But it could be a costly mistake not to take some time to figure out how each life milestone could impact your life savings.…
What Eliminating the Social Security Tax Cap Would Mean for High Earners
Social Security needs more money, and some Congressional lawmakers want high earners to help provide it. Sens. Elizabeth Warren, D-Mass., and Bernie Moreno, R-Ohio, are calling for the elimination of the Social Security payroll tax cap. The proposal…
3 Ways to Save at Verizon: Bring Your Phone, Buy New or Upgrade
Verizon is known for offering a variety of deals for wireless customers, and right now, the carrier is promoting several ways to save on your cell phone plan. The right deal depends on whether you’re keeping your current phone, buying a new one or…
Sitting on Large Capital Gains? This Trust Offers a Way Out, But Few Advisers Even Mention It
Fifteen years ago, Ray and Diane Kessler’s investment manager recommended a chip company she was following. They bought 125 shares of Nvidia for about $1,500, mostly to be agreeable, and then forgot about it. Two stock splits later, they hold 5,000…
Your Diversified ETF Isn’t as Diversified as You Think — and Here’s the $700 Billion Reason Why
Editor’s note: This is the first article in a four-part series on AI concentration risk in growth portfolios. The next articles examine the supply chain behind that concentration, the risks facing that supply chain and the corporate adoption…
My First $1 Million: Retired Media Project Manager, 68, Southern Maryland
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 68-year-old retired project…
5 Times You Should Absolutely Not Do a Roth Conversion
Roth conversions get a lot of enthusiastic press, and most of it is deserved. Moving money from a traditional IRA into a Roth can reshape your tax picture for decades and ease the required minimum distribution burden later in retirement. But somewhere…
Why Leaving an Equal Inheritance to Your Children Could Backfire
Leaving an equal inheritance sounds fair and like the right thing to do. Just split everything down the middle, avoid playing favorites, and do what you have to do to keep the peace. Easy. But “equal” doesn’t necessarily mean…
Discover’s New 5% Cash Back Categories Could Help With Holiday Costs
The holidays are right around the corner. And with gas prices remaining ulcer-inducing, getting a head start on your plans isn’t a bad idea. On this note, Discover recently announced its 5% cash back categories for the fourth quarter for its…
This Is the Portfolio Shift Every Pre-Retiree Should Make Before Retirement
Most of my clients spend three decades focused on one number: How much they’ve saved. As they approach retirement, the question shifts. How much can we spend and keep the plan on track? That shift catches more people off guard than anything else I…