Finance

'Subsidized Adulting': Can You Afford to Help Your Children Financially?

Wealth Wise is Kiplinger's advice column on navigating retirement-related dilemmas. Got a question? See below for how to send it to us.Dear Wealth Wise: I have two...

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He Put Gold in His IRA to Hedge Inflation. At 73, the RMD Forces Him to Sell the Precious Metal, and Taxes His Social Security.

The post He Put Gold in His IRA to Hedge Inflation. At 73, the RMD Forces Him to Sell the Precious Metal, and Taxes His Social Security. appeared first on 24/7 Wall St.. ...

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10 Cheapest Places to Live in Oregon

With summer temperatures skyrocketing nationwide and utility bills climbing right along with them, the fresh air and vibrant seasonal climate of Oregon might look ...

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Your Final 10 Years Before Retirement: Why Your Current Strategy Might Be Your Biggest Risk

When it comes to planning for retirement, the conversation usually centers around accumulating wealth. Many people spend the majority of their careers focused on b...

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3 Reasons High Earners Should Revisit Their Financial Plans Today

A prospective client told me he had it all done. He had a will in place, did his own stock picking and his wife did the taxes. What more did he need? I went throug...

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5 Costly Mistakes That Can Trigger Medicare Surcharges — And How to Avoid Paying Thousands More Than You Should

High-income retirees are often surprised by a Medicare expense that can lurk behind the scenes, automatically deducted from their Social Security benefits each mon...

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World Cup Fan Buys Tickets That Didn't Exist: What to Know About Resale Markets

The FIFA World Cup is well underway, with quarterfinals going on this weekend, but for some fans, excitement ended in frustration. The games started June 11 and en...

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Why Retirees Are Swapping 5% Bond Funds for Short Term Treasury ETFs

The post Why Retirees Are Swapping 5% Bond Funds for Short Term Treasury ETFs appeared first on 24/7 Wall St..For retirees hunting for income, a bond ETF yielding over 5% sounds like exactly what a...

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My First $1 Million: Retired Surgery Professor, 51, North Carolina

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 wi...

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Moving to Florida or Texas for Retirement? 3 Questions to Ask First

The allure of living in a state with no income tax in retirement can be undeniable. You won't have to worry about withdrawals or required minimum distributions pus...

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The 'SUV Tax': How Your Vehicle Choice Impacts Your Net Worth

Many families view the SUV as a status symbol of success, parked in the driveway. But that badge of success might be among the most expensive financial decisions y...

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Will Your Death Double Your Spouse's Tax Bill? 4 Ways Couples Should Prepare for the Widow's Penalty

Jim and Pam are a hypothetical couple I use with clients to illustrate what the numbers in a retirement plan can look like. They're both 62, have $2.5 million in p...

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Are You Much Older Than Your Spouse? Sorry, But Your Social Security Decision Isn't About You

Mike came into the consultation with his mind nearly made up.At 67, he was past full retirement age and, between him and his wife, he had the larger earnings histo...

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Finances Wandered Off Course? These 12 Month-by-Month Steps Will Help You Get Back on Track

Money usually goes off track slowly, with a few ignored expenses here and some delayed decisions there.But one financial reset each month can help you build a stro...

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Marrying young fell out of favor. Some couples believe it gave them a career advantage.

Durelle and Samantha Bailey (left) and Nick Davidov and Marina Davidova (right) got married in their early 20s. They said marrying young and working as a team helped them professionally.Durelle and...

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The superyachts of tech's richest billionaires, from Jeff Bezos' Koru to Sergey Brin's Dragonfly

Jeff Bezos' Koru made waves when it debuted in 2023. It's since been eclipsed by larger superyachts owned by Mark Zuckerberg and Sergey Brin.Robino Salvatore/GC Images; Stefano Rellandini/AFP via G...

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Meta Leads Again as Markets Look Forward to Earnings: Stock Market Today

Markets ended the first full trading week of July on a positive note, with all three main equity indexes posting gains on Friday. Investors, traders and speculator...

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June CPI Preview: Don't Let a Negative Headline Fool You

The June consumer price index (CPI) report is shaping up to be a classic head-fake for investors.When the Bureau of Labor Statistics drops its latest inflation dat...

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The Hardest Retirement Money Decisions Pile Up Just as the Mind Slows. A 68-Year-Old Is Locking In Her Social Security and Tax Moves While She’s Sharp.

The post The Hardest Retirement Money Decisions Pile Up Just as the Mind Slows. A 68-Year-Old Is Locking In Her Social Security and Tax Moves While She’s Sharp. appeared first on 24/7 Wall St.. ...

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Did You Pay for YouTube TV or DirecTV Stream? You May Qualify for a Disney Settlement Payment

If you switched from cable to live TV streaming hoping to save money, you probably noticed those monthly bills gradually climb over the past several years. Now, so...

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Does a newly discovered half-sister have any rights to mom’s estate?

Q. I found out last year that I have a half-sister my mom put up for adoption before I was born. Thanks to an ancestry search this person has found my mom. My mom and I are not close and she doesn...

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