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2 weeks ago | 
kiplinger.com | Bob Niedt |Erin Bendig |Kathryn Pomroy
From picturesque beach towns to cozy mountain communities, North Carolina and South Carolina offer retirees plenty of incentives.
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2 weeks ago | 
kiplinger.com | Kathryn Pomroy
Utah tops the list for having the happiest retirees, while Minnesota ranks high for best overall healthcare. Where does your state rank?
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3 weeks ago | 
kiplinger.com | Bob Niedt |Erin Bendig |Kathryn Pomroy
We often fret about not having enough cash in retirement. But you might be surprised to see some of the things you’ll spend less on.
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3 weeks ago | 
kiplinger.com | Kathryn Pomroy
Building your retirement nest egg? Are you on track or lagging? Are you willing to settle for just getting by when you quit your job, or do you want to retire super wealthy? Some people would rather retire early than rich, while others just want to be happy in their old age. If that’s not you, and retiring rich is your end game, it’s time to get to work and put a plan in place. Unfortunately, few Americans retire with substantial wealth.
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3 weeks ago | 
kiplinger.com | Kathryn Pomroy
President Trump's tax package, the One Big Beautiful Bill Act, passed the House in May and will next need to clear the Senate before he can sign it into law. Among its key proposals is an expansion of 529 education savings plans created to help families save for future education expenses. Not just a college savings vehicle, 529 plans can also be useful estate planning and retirement savings tools.
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3 weeks ago | 
theepochtimes.com | Kathryn Pomroy
Don’t delay. It can be extremely hard to make up for lost time. By Kathryn PomroyFrom Kiplinger’s Personal FinanceImagine waking up one day and realizing you’ve procrastinated so long that a happy and comfortable retirement seems completely out of reach. Especially when the ‘magic number’ to retire comfortably is more than you think—$1.26 million.
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1 month ago | 
kiplinger.com | Kathryn Pomroy
Fifth Third Bank is offering free wills to all of its customers through an exclusive partnership with Trust & Will, a digital estate planning platform. Only 4 in 10 American adults have a will or living trust, according to a new survey from Caring.com, making the prospect of creating a state-specific, attorney-approved will or trust at no cost appealing. Not to mention, it can be done in less than one hour.
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1 month ago | 
kiplinger.com | Kathryn Pomroy
Many 401(k) participants want a retirement plan that provides options for converting savings into guaranteed monthly income, but few plans offer such a choice. Having the option of converting workplace retirement plan savings into lifetime income is essential, according to 93% of 401(k) holders by Nuveen, the investment manager of TIAA, and the TIAA Institute. The SECURE Act and SECURE 2.0 allow for 401(k) plans to offer lifetime income options, although few employers offer them.
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1 month ago | 
kiplinger.com | Kathryn Pomroy
Losing a loved one can take a deep emotional and mental toll. Yet, beyond the grief, many are unprepared for the financial strain that follows — from paying for funeral expenses to everyday living costs. The financial fallout can be overwhelming. A study by the Western and Southern Financial Group shows how prepared (or unprepared) Americans feel about the financial challenges that can come from the loss of a loved one.
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1 month ago | 
kiplinger.com | Kathryn Pomroy
Should 18-year-olds have access to workplace retirement plans like 401(k)s? If bipartisan legislation reintroduced this week in Congress becomes law, they'll be able to. A new bill, S.3305, the Helping Young Americans Save for Retirement Act, (re)introduced this past Monday, would lower the minimum age for employees participating in workplace retirement plans, like a 401(k), from 21 to 18.
