More Articles for Your Finances

Don’t overlook these tax credits for college

Kimberly Lankford, Contributing Editor, and <i>Kiplinger's Personal Finance</i> •
Kiplinger
Concentrated college student drawing on paper

I’ll have two children in college this year – my daughter is starting her junior year, and my son will be a freshman. Can I take the American Opportunity Credit for expenses for both of them?   Yes, as long as you meet the income requirements. The American Opportunity Credit is worth up to $2,500

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Clarify your retirement goals with these 4 questions

Founder, president, Les Goldstein, Personal Financial Strategies Inc., and Investment Adviser •
Kiplinger
Granddaughter enjoying piggyback ride.

What’s important to you about money? I ask clients and potential clients this question all the time, and I’ve learned — after having had thousands of these conversations — that few people give the topic much thought. That’s unfortunate, because the answer — or answers — will help you focus on what matters to you

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Why couples must plan for Social Security as a couple

CFP®, WEALTH MANAGER, Evan T. Beach, Campbell Wealth Management, and Awma® •
Kiplinger
smiling middle aged couple looking at laptop at home

I have sat with clients on countless occasions where one or both spouses have told me defiantly, “I am taking Social Security at 62 because [fill in the blank].” Common rationales include: “The system is going broke.” “I’m going to be dead by 75.” “I need the money.” But in most cases a more accurate

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What to know about reimbursements from 529 plans

Kimberly Lankford, Contributing Editor, and <i>Kiplinger's Personal Finance</i> •
Kiplinger
Student studying on tablet pc

[Question]My son will be starting college in Maine this fall, and we’ll withdraw money from his 529 plan for the first time. Do we need to provide the college-saving plan with evidence of eligible expenses before we can access the money? Also, is there anything special we need to do at tax time? [Answer] You

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6 answers to your 401(k) questions

Founder &, Reviresco Wealth Advisory, CEO, Ian Maxwell, and Financial Adviser •
Kiplinger
Hummingbird Nest with Eggs

When working with clients to develop their financial plans, integrating 401(k) accounts into an overall retirement strategy is an important part of the process. For most people, their 401(k) represents their largest source of funds set aside for retirement. Whether deciding how much to contribute, choosing investments within the 401(k), or wondering if it is

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