More Articles for Your Finances

8 debt reduction mistakes even smart people make

Wisebread.com and Dr. Penny Pincher •
Kiplinger

Everyone knows it is a good idea to reduce your debt load. With less debt, you save money on interest charges and reduce your risk of financial catastrophe if your income is disrupted and you are unable to make payments. If you don’t have enough to make debt payments, you can fund investments and build

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The power of peer pressure

Anne Kates Smith, Senior Editor, and Kiplinger's Personal Finance •
Kiplinger

Is peer pressure a bad thing? Most parents of middle schoolers would surely say yes. But comparing yourself with others may provide a helpful nudge when it comes to some areas of your adult life, such as saving for retirement or staying healthy. And yet, like those fraught relationships in middle school, it’s complicated. Behavioral

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What do I do with unused 529 plan money?

Kimberly Lankford, Contributing Editor, and Kiplinger's Personal Finance •
Kiplinger

I opened 529 college-savings accounts for both of my grandsons. One of them just won a four-year scholarship to college. If I don’t use the money for college expenses, do I have to pay a penalty? Generally, if you withdraw money from a 529 for anything other than eligible college expenses, the earnings portion of

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How a Roth conversion can save you and your heirs thousands

Wealth Group, Founder, WEALTH MANAGER, Excel Tax, Ria, and Carlos Dias Jr. •
Kiplinger

If you have an individual retirement account (IRA), you probably already know about required minimum distributions (RMDs). For traditional IRAs, including Simplified Employee Pension (SEP) or a Savings Incentive Match Plan for Employees (SIMPLE), you must take your first RMD in the year you turn 70½ or by April 1st of the following year from

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9 lessons the Great Depression taught us about money

Paul Michael and Wisebread.com •
Kiplinger

Lasting from 1929 until 1939, the Great Depression was the deepest and longest-lasting economic downturn of the 20th Century. Unemployment went as high as 25% in the U.S., over 5,000 banks failed, and hundreds of thousands of Americans became homeless. Extreme situations call for extreme measures, and that’s when everyone looked at ways to cut

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