Personal Finance News, Investing Advice, Business Forecasts (2024)

Nine Common Wealth-Building Mistakes You Might Be Making
Is Investing in Mutual Funds Worth It?
Use the 529 Grandparent Loophole to Maximize College Savings
How to Calculate Your Adjusted Gross Income — and What It MeansIncome Tax
Four Ways Your Workplace Benefits Could Help With Your Taxes
Have Your Say in the Kiplinger Readers' Choice Awards 2024Kiplinger Readers' Choice Awards

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Investing

Stock Market Today: Stocks End Mixed Ahead of Retail Sales, PPIStocks took a breather Wednesday as investors looked ahead to tomorrow's inflation data.stocks

Kiplinger's Earnings Calendar for This WeekstocksCheck out our earnings calendar for this week, as well as our previews and recaps of the more noteworthy reports.By Karee VenemaLast updated 13 March 24
stocks
A Spotlight on the Pacific States: The Kiplinger LetterThe Kiplinger LetterMost Pacific states are seeing good job growth in multiple sectors including tourism, hospitality, and construction.By David PaynePublished 13 March 24
Economy
How Tax-Loss Harvesting Helps to Lower Your Tax BillThis fairly straightforward tax strategy may help you reduce your capital gains taxes, but beware of triggering the wash sale rule.By Adam FrankPublished 13 March 24
taxes
See Also
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Personal Finance

Amazon Prime Video Quietly Removes Dolby, Unless You Spring For Ad-Free ViewingThe change occurred earlier this year when Amazon Prime Video began charging subscriber's extra to avoid commercials.leisure

Medicare Advantage Enrollment Is Up But Growth Is SlowingThe Medicare Part C plans now account for at least 50% of Medicare enrollment in 26 states.By Keerthi VedantamPublished 13 March 24
Medicare
Is It Worth Chasing Credit Card Rewards If You're In Debt?Two out of three Americans in debt are chasing credit card rewards. Do your brain a favor and try this instead.By Ellen KennedyPublished 13 March 24
credit cards
Get Your Starbucks BOGO This ThursdayThis Thursday, March 14th, join Starbucks Rewards and buy one drink, get one free from 12 to 6 p.m.By Kathryn PomroyPublished 13 March 24
deals

Alexandra SvokosSenior Digital Editor
Karee VenemaSenior Investing Editor
Dan BurrowsSenior Investing Writer
See Also
Make Ex-Dividends Work for You
Kelley R. TaylorSenior Tax Editor
Ellen KennedyPersonal Finance Editor
Alexandra TwinSenior Personal Finance Editor
Erin BendigPersonal Finance Writer
Ben DemersAudience Engagement Manager

Taxes

New Payroll Tax Targets Long-Term Care ExpensesLong Term CareWashington is the first state in the U.S. to use payroll deductions to help fund long-term care. Will other states, like California and New York, follow?taxes

Types of Income the IRS Doesn't TaxIncome TaxIt may feel like the IRS taxes most of your hard-earned money, but some types of income are nontaxable.By Kelley R. TaylorLast updated 13 March 24
taxes
How Much Money a Big Tax Refund Could Cost YouTax RefundsA big tax refund isn’t a reason to celebrate if you overpaid throughout the year. Here’s how much money your interest-free loan to the government could have cost you.By Katelyn WashingtonLast updated 13 March 24
taxes
How Tax-Loss Harvesting Helps to Lower Your Tax BillThis fairly straightforward tax strategy may help you reduce your capital gains taxes, but beware of triggering the wash sale rule.By Adam FrankPublished 13 March 24
taxes

Kiplinger Advisor Collective

How Personal Finances and Lifestyle Are IntertwinedHere are a couple of things to keep in mind as you plan for your future and how to financially support it.

Financing Projects Without Jeopardizing Your Financial FutureFunding large purchases should be thoughtfully planned.By Mario HernandezPublished 7 March 24
Should I Get a Reverse Mortgage? Six Questions to Ask FirstThe secret to your retirement income could live in your home’s equity.By Kiplinger Advisor CollectivePublished 6 March 24
Looking for the Right Tax Professional for You? Seven Factors to ConsiderThe right professional will help you more than just once a year.By Kiplinger Advisor CollectivePublished 28 February 24

VIEW ALL FROM THE KIPLINGER ADVISOR COLLECTIVE

Retirement

Medicare Advantage Enrollment Is Up But Growth Is SlowingThe Medicare Part C plans now account for at least 50% of Medicare enrollment in 26 states.By Keerthi VedantamPublished 13 March 24
Medicare
How to Open a Roth IRA in 5 Simple StepsretirementHere's what you need to know in order to open a Roth IRA.By Erin BendigLast updated 12 March 24
retirement
How Estate Planning Can Thwart the ‘Third-Generation Curse’Thorough communication with heirs about values and various elements of your estate plan could help younger generations better manage their inherited wealth.By Nicole Jackson-Leslie, JD, 21/64 Certified AdvisorPublished 12 March 24
retirement

Economic Forecasts

A Spotlight on the Pacific States: The Kiplinger LetterThe Kiplinger LetterMost Pacific states are seeing good job growth in multiple sectors including tourism, hospitality, and construction.The Kiplinger Letter

Kiplinger Housing Outlook for the Spring Home-selling SeasonEconomic ForecastsThe spring home-selling season is arriving. It looks like another tough year for buyers lies ahead with tight inventories and elevated mortgage rates.By Rodrigo SermeñoLast updated 11 March 24
Economic Forecasts
Kiplinger Trade Outlook: Imports Grow Faster than ExportsEconomic ForecastsWith trade partners struggling, U.S. exporters are in for challenging times.By Rodrigo SermeñoLast updated 11 March 24
Economic Forecasts
The Robots Are Coming... But Not For a WhileThe Kiplinger LetterThere’s excitement in the tech sector over the potential of humanoid robots, but widespread adoption is likely to be years away.By John MileyPublished 10 March 24
The Kiplinger Letter

Personal Finance News, Investing Advice, Business Forecasts (2024)

FAQs

What are the 5 basics of personal finance? ›

Key takeaways

Financial literacy involves concepts like budgeting, building and improving credit, saving, borrowing and repaying debt, and investing.

Read On ›

What are four 4 very good tips for investing? ›

With that in mind, here are four risk-management principles to get you started—and to stick with throughout your investing career.

Align your risk with your goals. What are you investing for and how are you going to achieve it? ...
Diversify. ...
Rebalance. ...
Watch out for leverage.

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How to get 10% return on investment? ›

Investments That Can Potentially Return 10% or More

Growth Stocks. Growth stocks represent companies expected to grow at an above-average rate compared to other companies. ...
Real Estate. ...
Junk Bonds. ...
Index Funds and ETFs. ...
Options Trading. ...
Private Credit.

Jun 12, 2024

What is the safest investment with the highest return? ›

7 High-Return, Low-Risk Investments for Retirees

Money market funds.
Dividend stocks.
Ultra-short fixed-income ETFs.
Certificates of deposit.
Annuities.
High-yield savings accounts.
Treasury bonds.

2 days ago

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What is the 50 30 20 rule? ›

The 50/30/20 budget rule states that you should spend up to 50% of your after-tax income on needs and obligations that you must have or must do. The remaining half should be split between savings and debt repayment (20%) and everything else that you might want (30%).

Find Out More ›

What is the #1 rule of personal finance? ›

#1 Don't Spend More Than You Make

When your bank balance is looking healthy after payday, it's easy to overspend and not be as careful. However, there are several issues at play that result in people relying on borrowing money, racking up debt and living way beyond their means.

Tell Me More ›

What is 4 3 2 1 investment strategy? ›

The 4-3-2-1 Approach

One simple rule of thumb I tend to adopt is going by the 4-3-2-1 ratios to budgeting. This ratio allocates 40% of your income towards expenses, 30% towards housing, 20% towards savings and investments and 10% towards insurance.

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What is the 10 5 3 rule of investment? ›

4) The 10,5,3 rule

The 10,5,3 rule gives a simple guideline for investors. It suggests expecting around 10% returns from long-term equity investments, 5% from debt instruments, and 3% from savings bank accounts.

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What is the rule number 1 in investing? ›

Warren Buffett once said, “The first rule of an investment is don't lose [money]. And the second rule of an investment is don't forget the first rule.

How can I invest $10,000 for quick return? ›

How to invest $10,000: 10 proven strategies

Pay off high-interest debt.
Build an emergency fund.
Open a high-yield savings account.
Build a CD ladder.
Get your 401(k) match.
Max out your IRA.
Invest through a self-directed brokerage account.
Invest in a REIT.

More items...

Apr 2, 2024

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What is a good ROI for a business? ›

What is a good ROI? That's a tricky question to answer. The target ROI number varies significantly depending on the industry, size of your business, type of project or investment, and other factors. In general, investors want to see ROI of 5% or higher before investing in a small business.

Read The Full Story ›

What gives the highest return on investment? ›

The U.S. stock market is considered to offer the highest investment returns over time. Higher returns, however, come with higher risk. Stock prices typically are more volatile than bond prices.

See Details ›

Should a 70 year old be in the stock market? ›

Indeed, a good mix of equities (yes, even at age 70), bonds and cash can help you achieve long-term success, pros say. One rough rule of thumb is that the percentage of your money invested in stocks should equal 110 minus your age, which in your case would be 40%. The rest should be in bonds and cash.

Get More Info Here ›

What is a good portfolio for a 75 year old? ›

But now that Americans are living longer, that formula has changed to 110 or 120 minus your age — meaning that if you're 75, you should have 35% to 45% of your portfolio in stocks. Using this formula, if your portfolio totals $100,000, then you should have no less than $35,000 in stocks and no more than $45,000.

How should a 65 year old invest? ›

Balance income and growth

Ideally, you'll choose a mix of stocks, bonds, and cash investments that will work together to generate a steady stream of retirement income and future growth—all while helping to preserve your money.

What are the five 5 areas of personal finance? ›

As shown below, the main areas of personal finance are income, spending, saving, investing, and protection. Each of these areas will be examined in more detail below.

View Details ›

What are the 5 C's of credit personal finance? ›

The 5 C's of credit are character, capacity, capital, collateral and conditions. When you apply for a loan, mortgage or credit card, the lender will want to know you can pay back the money as agreed. Lenders will look at your creditworthiness, or how you've managed debt and whether you can take on more.

What are the 5 personal finance facts? ›

With this is mind, here are five scary financial facts as well as ways to avoid becoming a part.

54% of Americans Live Paycheck to Paycheck.
Paying for an Emergency is Something 61% of Americans Cannot Do.
Only 24% Of Millennials Have Basic Financial Literacy.
21% Of Americans Don't Save Anything from their Income.

More items...

Learn More ›

What are the five foundations of personal finance? ›

What are the five foundations of personal finance?

Foundation #1: Build an emergency fund, start with $500.
Foundation #2: Prioritize clearing your debts.
Foundation #3: Avoid financing a car.
Foundation #4: Try and avoid student loans.
Foundation #5: Build wealth and develop a sense of purpose with donations.

Jul 16, 2024

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