Kiplinger

Is Your Retirement Plan Completely Backward?

When you are younger and it comes to investing and saving for retirement, what's happening with your investments today or next week isn't as critical as when you are nearing or reach retirement; it's the long-range outcome that counts.

Unfortunately, many people are fixated only on what's happening inside their portfolio right this minute. I've met DIYers who brag about spending hours watching the daily machinations of the market, and they celebrate or pout, depending on the gains of the hot new stock they just purchased. Others (including my grandpa back in Illinois) put their

You’re reading a preview, subscribe to read more.

More from Kiplinger

Kiplinger5 min read
As the Market Falls, New Retirees Need a Plan
Anyone newly retired or nearly so must feel like they have the worst timing in the world. A portfolio tends to be largest near retirement, just before those savings are about to be drawn down. These days, however, most portfolios have lost value; the
Kiplinger2 min read
Tax-Savvy Charitable Giving With QCDs Can Benefit Both Giver and Receiver
Plenty of retirees like to give back to their communities through charitable donations, but questions often arise over the best way to do that. What approach is efficient, provides the tax benefits you’re after, and also is advantageous for the chari
Kiplinger3 min read
I’ve Inherited a Lot of Money. Now What?
It’s no surprise that many people who inherit millions of dollars are uncertain about what to do with their newfound wealth. The possibilities of becoming a multimillionaire overnight can be overwhelming, especially during a period when most are grie

Related Books & Audiobooks