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Kiplinger
Sep 18, 2019

5 Stocks You Shouldn't Hold Through the Next Recession
It's easy to predict that a recession will come eventually. They always do. The trick is in the when - and even the most experienced experts take a lot of swings without making contact.

But more strategists and economists are increasing their odds of a forthcoming recession. An August survey by the National Association for Business Economics showed that three of four economists expect a recession by 2021. It could come sooner than that. Also in August, Bank of America analysts said there's a greater-than-30% chance of a recession within 12 months. In a June interview, economist Gary Shilling said, "I think we're probably already in a recession."

There are plenty of potential catalysts. Numerous international central banks are easing their policies to battle slowing economic growth. America's Federal Reserve is no exception - it just announced the second cut in its benchmark interest rate this year. The U.S.-China trade war is exacerbating things, with a salvo of tariffs weighing on consumers here and abroad. This has been reflected in the Treasury yield curve, which has inverted several times in 2019 - a recessionary warning sign.

Don't look to these five stocks for recession protection. Many businesses surely will feel the pinch of an economic pullback. But these five better-known names - while fine companies in some respects - have issues such as high debt levels and struggling growth despite the economic expansion that might make a downturn more painful for them than others.

SEE ALSO: The Pros Say No: 7 Large-Cap Stocks to Sell or Avoid

Kiplinger
Sep 18, 2019

My Father Knows Best: How to Retire with Purpose and Passion
At the age of 88, he's the portrait of resilience, success and happiness 26 years after leaving the workforce.

Kiplinger
Sep 18, 2019

How a Special Needs Trust for Your Child Can Fall Apart
One woman's struggle to keep a roof over her head and food on the table for herself and her disabled daughter shows what can happen when an ex or other family members fail to properly shelter assets. The child's Medicaid and SSI benefits could be in jeopardy.

Kiplinger
Sep 18, 2019

Here Are 3 Unique Social Security Benefits - Do You Qualify?
Are you married to someone receiving benefits? Do you have young children? Have you lost your spouse? Are you thinking about going back to work after retiring early but are afraid your Social Security check will take a big hit? You may be in for some good news.

Kiplinger
Sep 17, 2019

7 Low-Volatility Dividend Stocks for Peace of Mind
Dividend stocks are a well-worn prescription for what ails an investor's upset stomach. Are a cascade of troubling headlines and fears of Wall Street volatility making you nauseous? A regular stream of cash distributions can help smooth out your returns and restore your sanity.

But investors also are increasingly targeting a more direct solution to volatility: low-volatility funds. These products are designed to piece together a basket of stocks whose movements aren't as exaggerated as the rest of the market, and they're gaining in popularity. The iShares Edge MSCI Min Vol USA ETF (USMV), for instance, had enjoyed nearly $6 billion in net inflows through 2019's midway point. Invesco S&P 500 Low Volatility ETF (SPLV), which is roughly a third of the size of USMV, had brought in $2 billion.

Fortunately, dividends and low volatility aren't an either/or proposition. You can get both, and DIVCON can help us discover these more stable dividend stocks.

The DIVCON system from exchange-traded fund provider Reality Shares examines the payout health of all dividend stocks among Wall Street's 1,200 largest companies. It does that by poring into metrics including profit growth, free cash flow (how much cash companies have left over after they meet all their obligations) and even the Altman Z-score, which helps assess a company's likelihood of a bond default or bankruptcy. The resulting rating system (a 1-5 scale in which DIVCON 5 indicates the healthiest of payouts and DIVCON 1 indicates dividends at the most risk) provides a measure of a dividend's sustainability and chance of future growth.

Here are seven dividend stocks for a little peace of mind. All seven stocks not only boast strong DIVCON 4 ratings, but have exhibited lower volatility and total-return outperformance (that's price plus dividends) versus the S&P 500 over the past year.

SEE ALSO: 25 Dividend Stocks That Analysts Love the Most

Kiplinger
Sep 17, 2019

25 Best Kirkland Products You Should Buy at Costco
Costco has turned on its head the notion that a store brand is a notch below a national brand. How? By using its coast-to-coast strength to strong-arm suppliers to put quality as well as value into its Kirkland Signature offerings. A quarter of Costco's annual sales now reportedly come from its Kirkland product lines, which first hit store shelves in 1995.

It's no surprise. Costco has continually upped its array of Kirkland products, often produced by the same manufacturers who make the name brands. You'll find the red Kirkland Signature logo on everything from toilet paper to tennis shoes. We took a closer look at several Kirkland products getting accolades from customers and critics. You should check them out, too.

SEE ALSO: 10 Worst Things to Buy at Walmart

Kiplinger
Sep 17, 2019

3 Ways to Hedge Against the Unexpected This Annual Enrollment Season
When choosing your insurance coverage this year, don't just blindly check the same old boxes. Put some thought into how you can best protect yourself with some options you might not have considered before, including disability, accident and hospital insurance and HSAs, too.

Kiplinger
Sep 17, 2019

Save on Rental Car Coverage
There are cheaper alternatives than what's offered by the rental agency. Cobbling together sufficient coverage is hard, but could save you a lot in the end.

Kiplinger
Sep 17, 2019

Should You Inform Your Insurance Agent about a Burglary?
In the case of a break-in or vandalism that doesn't result in significant damage, you may want to think twice.

Kiplinger
Sep 17, 2019

Wealthy? Potential Social Security Changes to Watch Out For
The program is under pressure, and lawmakers are considering a handful of strategies to shore it up. Some could have big impacts ... especially on the wealthy. So stay vigilant and plan carefully to maximize your benefits.

Kiplinger
Sep 16, 2019

The Best Vanguard Funds for 401(k) Retirement Savers
If the 401(k) world held a popularity contest, Vanguard would win. More Americans choose to stash their retirement savings in Vanguard 401(k) funds above all other firms' funds in the country.

In this, our annual review of widely held 401(k) funds - mutual funds with the most in 401(k) assets - 32 Vanguard funds rank among the top 100.

Of course, just over a dozen of those are index funds, but Vanguard offers many actively managed funds, too. Good ones.

Today, we're going to look at some of the best Vanguard funds for your 401(k) ... and also weed out a few lesser options. We'll review nine active Vanguard funds, as well as the popular Vanguard Target Retirement series of target-date funds. (Ten Vanguard target-date portfolios rank among the 100 most popular retirement funds). We'll rate each Buy, Sell or Hold.

SEE ALSO: The 25 Best Low-Fee Mutual Funds to Buy Now

Kiplinger
Sep 16, 2019

Do Global Funds Have a Place in Your Portfolio?
A global fund provides exposure to U.S. and foreign stocks, including shares of companies in emerging markets.

Kiplinger
Sep 16, 2019

Just OK Is Not Good Enough for a Financial Plan
Each phase of your life, starting with single and broke and ending with retirement, comes with its own set of challenges. So, you need more than just a "plan," you need an expert financial fitness coach.

Kiplinger
Sep 16, 2019

Avoid These Mistakes with Your Retirement Income Plan
Because we are living longer, retirees need to find sustainable sources of retirement income. Make sure you're avoiding the following mistakes when planning for retirement income.

Kiplinger
Sep 13, 2019

14 Stocks Already Hurt by President Donald Trump's Tariffs
America's nearly two-year-old trade war with China, as well as salvos with Europe and Mexico, has battered a wide swath of stocks. President Donald Trump's tariffs (and retaliatory duties) have weighed on companies in various forms, such as higher input costs and unsold inventory.

The pinch is being felt on a wide scale. Global growth was already slowing, though market analysts and foreign leaders alike think the trade war is making things worse. Here at home, manufacturing is thinning, reflecting waning demand. ISM's purchasing managers' index reading for August was just 49.1. Anything under 50 signals a contraction in activity, meaning August was the first month in three years that American manufacturing receded.

The result has been a pullback in numerous stocks. Buying these tariff-assisted dips is risky because some of the companies face headwinds outside of trade uncertainty. But a resolution between the U.S. and China would bring much-needed relief to many companies, and perhaps a bounceback in their shares. You can see the potential every time the market rallies on the smallest of optimistic hints.

"(These) value stocks will deliver attractive returns after the tariff resolution, like a coiled spring that pops up," says Michael Underhill, chief investment officer of Capital Innovations in Pewaukee, Wisconsin. He thinks the market could continue to move higher heading into October's negotiations. If more concrete progress is made, a sustained rally will continue, he says.

Here, then, are 14 stocks that have already felt the burn from President Donald Trump's tariffs (and retaliatory taxes). Some represent potential should Washington reel in its tariff threats, but they may continue to suffer any time trade tensions reignite. And a few are trying to pivot their businesses out of harm's way.

SEE ALSO: 25 Dividend Stocks That Analysts Love the Most

Kiplinger
Sep 13, 2019

Income Annuities Take Risk Out of Retirement
When used properly, annuities provide invaluable security, so why aren't more people going for them? A new Brookings Institution study has some insights, and some strong recommendations for consumers.

Kiplinger
Sep 13, 2019

What is WRONG with Your Financial Planning 'Picture'?
For a revealing reality check, take your finances and turn them into a one-page visual representation. This exercise could bring you some much-needed clarity as you near retirement.

Kiplinger
Sep 13, 2019

Life Insurance: Beyond Just Estate Planning
When it comes to life insurance, many folks don't think they need it, if they consider it at all. In fact, it's a versatile financial tool that can help to build financial wellness now and for the future.

Kiplinger
Sep 12, 2019

10 Worst Things to Keep in Your Wallet
One of the worst feelings is reaching for your wallet and finding it's not there. Panic ensues: Did you leave it at home? Drop it? Were you the victim of a pickpocket? Following our advice won't salve that panic, but it may lessen it.

If your wallet is stuffed fat with personal and financial information, know that much of that information can be exploited by identity thieves. All the bad guys need to get started is your name and Social Security number. That alone can lead to bogus loan applications and the opening of fraudulent accounts. It can get worse if they can steal from your wallet your government-issued photo ID and doctor the image.

We reached out to consumer protection experts to identify the things you should immediately purge from your wallet. Oh, and one quick tip before we dive in: Photocopy the front and back of whatever remains in your wallet. That way, if your wallet is lost or stolen, you can at least quickly and easily file reports with the appropriate government agencies and financial institutions.

SEE ALSO: 10 Best Things to Keep in a Safe Deposit Box

Kiplinger
Sep 12, 2019

30 Cheapest Places Where You'll Really Want to Retire
When you're trying to balance a fixed income with an enjoyable retirement, cost of living is a crucial factor to consider. After all, if your daily expenses eat up too much of your budget, you won't be left with much extra for anything fun, to leave an inheritance for your loved ones or even just as a cushion to give you peace of mind. No wonder 67% of people say they'd move to a less expensive location to have a more financially comfortable retirement, according to a survey by Merrill Lynch and Age Wave, a research firm focused on the aging population.

To that end, we identified which of our 50 Best Places to Retire in the U.S. offer below-average living costs for retirees. On top of affordability, all of these places rank well with us, taking into account safety, median incomes and poverty rates for retirement-age residents, as well as residents' sense of well-being and the availability of recreational and health care facilities. And these affordable places to retire are scattered across the nation, offering diverse options from mountains and beaches to small towns and college towns. Take a look at the list.

See Also: Where to Retire: All 50 States Ranked for Retirement

Kiplinger
Sep 12, 2019

A Tenant's Advice on How to Be a Better Landlord
To find your best tenants ever, you need to be the best landlord ever.

Kiplinger
Sep 12, 2019

How to Calculate the Break-Even Age for Taking Social Security
Do you know what your break-even age is? It's the age at which you come out ahead by postponing taking your Social Security benefits. Here's how to figure it out, and what it means for your retirement.

Kiplinger
Sep 11, 2019

25 Dividend Stocks That Analysts Love the Most
The longest bull market in history keeps charging. Stocks are near record highs, which sounds good, but it does create a problem for income investors. Specifically, where can they find dividend stocks poised for outperformance that still sport decent yields?

The idea, after all, is to buy stocks when they're low, then sell high. And they don't seem too low when they're only a couple of percentage points below record levels. Stocks' lofty prices have crushed their yields, too. The trailing 12-month dividend yield on the S&P 500 stands at a paltry 1.9%.

High-quality dividend stocks with better-than-average yields do exist, however. We're here to help you find them.

We scoured the S&P 500 for dividend stocks with yields of at least 3%. From that pool, we focused on stocks with an average broker recommendation of Buy or better. S&P Global Market Intelligence surveys analysts' stock ratings and scores them on a five-point scale, where 1.0 equals Strong Buy and 5.0 means Strong Sell. Any score of 2.0 or lower means that analysts, on average, rate the stock a Buy. The closer the score gets to 1.0, the stronger the Buy call.

Lastly, we dug into research and analysts' estimates on the top-scoring names. That led us to these 25 great blue-chip dividend stocks that have the highest analyst ratings.

SEE ALSO: The Berkshire Hathaway Portfolio: All 47 Buffett Stocks Explained

Kiplinger
Sep 11, 2019

Retirees: Don't Make the Same Mistakes Before a Market Correction
Take some lessons from the mistakes many retirees made during the downturn that socked stocks in 2008. By adjusting accordingly, you don't have to fear outliving your retirement portfolio, even if you're about to retire.

Kiplinger
Sep 11, 2019

4 Important Tax Items Every Retiree Should Know About
Once you retire, it's helpful to keep several tax opportunities and tax consequences in mind.

Kiplinger
Sep 10, 2019

7 Cheap Stocks to Buy in a Pricey Market
After a bull market that's now the longest on record, you might think that nothing is cheap anymore. How one precisely defines "cheap" can vary from person to person. But for many, cheap stocks are simply those with solid fundamentals that have either been overlooked by the market or excessively knocked down by bad news.

The one game you don't want to play is buying stocks just because they have fallen in price. While some may truly be great bargains, others fall for good reason. That reason can be anything from failing business models and weak management to overwhelming legal issues, changing tastes and obsolete technology.

To separate the wheat from the chaff, we've asked a group of investment managers and market experts which stocks are in the "good bargain" category, which means they're down in price but still fundamentally sound and growing.

Here are seven of their favorite cheap stocks to buy. Most of the names are familiar, which will provide an additional level of comfort. However, they all share a common thread of being down but far from out.

SEE ALSO: 50 Top Stocks That Billionaires Love

Kiplinger
Sep 10, 2019

To Gift or Not to Gift
Sometimes it can be wise (or just pleasurable) to give your assets away while you're still alive.

Kiplinger
Sep 10, 2019

Investors Win with New SEC 'Best Interest' Rules on Brokers
Here's some good news for investors: Stronger SEC rules protecting their best interests went into effect on Sept. 10, 2019. Firms have until June 30, 2020, to come into compliance, but here's a look at what's changing.

Kiplinger
Sep 10, 2019

Millennials Want to Retire Too. Here's How.
Yes, millennials have special challenges, but there's a way. Here's some tough-love advice on money and life for millennials from a CPA who is also a millennial himself well on his way to financial independence.

Kiplinger
Sep 09, 2019

5 REITs You Can Buy and Hold for Decades
When it comes to your investments, a decade is a long time. Ten years ago, we were just recovering from the 2008 meltdown and the worst recession since the Great Depression. Investors were nursing catastrophic losses. For some, it felt like the world was ending.

Ten years before that, we were in the midst of dot-com mania and the biggest stock market bubble in history. Just a decade before that, no one had ever heard of the internet, and mobile phones were the size of a cinder block. We can only guess what the world will look like 10 years from now.

Real estate traditionally has been a stable store of value. But with the rate of change accelerating in recent years, even the stability of some real estate investment trusts (REITs) has come into question. Amazon.com (AMZN) is taking a wrecking ball to brick-and-mortar retail, Airbnb is turning every spare bed into a viable hotel competitor, and telecommuting is making the traditional office far less critical than it used to be.

For buy-and-hold investors, the key to making money in REITs over the coming decades will be to focus on properties that are as "future-proof" as possible. As fast as the world is changing, we'll likely always need places to live, medical facilities, warehouses and other mission-critical properties.

Today, we're going to look at five REITs to buy and hold for decades. After the recent run-up in REIT prices, you don't necessarily need to run out and buy them today. But find somewhere to write each of these names down so you remember them during a dip. Because if you're looking for a collection of real estate stocks to throw off the income you'll need in retirement, each of these fits the bill.

SEE ALSO: The Berkshire Hathaway Portfolio: All 47 Buffett Stocks Explained

Kiplinger
Sep 09, 2019

12 Great Small Towns for Retirement
Don't overlook the big benefits of retiring to a small town. On top of the peace and quiet you'd expect, smaller places to live can also offer tight-knit communities, active senior groups and lower crime rates. Plus, many small towns come with relatively low living costs compared with big-city neighbors.

To identify the best places to retire in America--one great retirement city in every state--we favored locales with a good selection of health care facilities, as well as numerous recreational options, above-average median incomes among older residents and other factors critical to retirees. Of those 50 great retirement cities, a dozen have populations under 50,000. Take a look at our 12 top picks for a small-town retirement. Each is worth an extended visit to see if the local vibe and pace of life might be a good fit for your next act.

SEE ALSO: 25 Small Towns Where Millionaires Live

Kiplinger
Sep 09, 2019

5 Strategies for Managing Your Changing Risk Tolerance
Setting and forgetting your risk tolerance may cause unwanted results in your investment portfolio. Instead, review your risk profile each and every year with these five steps.

Kiplinger
Sep 09, 2019

When It Comes to Investing, Diversification Is Not All the Same
You might think your portfolio is safe, but are you absolutely sure? A steep market drop could be an expensive wake-up call.

Kiplinger
Sep 06, 2019

The Pros Say No: 7 Large-Cap Stocks to Sell or Avoid
Volatile markets can sometimes drive investors into the assumed safety of large-cap stocks. But a warning: Not every big company can help you weather the storm.

September is a notoriously difficult month for the stock market. That's without considering the current risks related to the ongoing U.S.-China trade war, or flashing recession signals, or other economic hurdles popping up around the globe.

"The global macroeconomic picture continues to show fragility," writes Northern Trust Wealth Management CIO Katie Nixon. "We expect overall growth to trend lower under the weight of growing trade uncertainty."

While investors might find shelter in big, blue-chip companies, you must be able to tell the difference between high-quality large caps and simply high-market-value large caps. The pros are here to help.

Here are seven large-cap stocks to sell or avoid, according to Wall Street analysts. TipRanks, which collects ratings from roughly 15,000 Wall Street analysts, has honed in on a list of companies that are well-known but not particularly well-loved right now. We'll look into just how bearish sentiment is, and why the experts say you should avoid some of them, and boot the rest if you own them.

SEE ALSO: All 30 Dow Stocks Ranked

Kiplinger
Sep 06, 2019

The Surprising Benefits of Gardening in Retirement
Growing your own food can cut expenses, provide exercise and perhaps even improve mental health.

Kiplinger
Sep 06, 2019

Tax Relief for Hurricane Dorian Victims
Deductions for lost or damaged property, filing and payment extensions, and fee waivers can help taxpayers impacted by the storm.

Kiplinger
Sep 06, 2019

What Your Grandchildren Really Want to Know
Do you think money is all you have to pass on to your loved ones? Not so. Your grandchildren want to know about your life. Learn what, specifically, Americans want to know about their grandparents.

Kiplinger
Sep 05, 2019

Hospice: Improving Care at the End of Life
A hospice expert talks about the current state of end-of-life care and how to get the most from it.

Kiplinger
Sep 05, 2019

6 Best Health Care Funds for a Volatile Market
Let's face it: The stock market is infuriating. Valuations are high, global growth is slow, and President Donald Trump's trade war with China has brought elevated volatility to stocks. Meanwhile, bonds, the only sensible alternative, are at near-record high prices and thus offer puny yields.

What's an investor to do? One partial remedy is to increase your investment in health care stocks.

Health care, which comprises more than 15% of Standard & Poor's 500-stock index, is the only broad market sector that can hold its own in both bull and bear markets. Although, no question, its best performance relative to the overall stock market comes during selloffs. In 2018, for instance, while the S&P 500 retreated by 4.6% on a total-return basis (price plus dividends), the health care sector gained 5.6%.

Which would you rather have: a shiny new BMW or your health? To ask the question is to answer it. If you're really sick, you'll do whatever it takes to recover, no matter the cost. You'll skip the new car, if necessary. Demand for health care is virtually inelastic. What's more, as baby boomers age, they're requiring more medical care. Simultaneously, breakthrough advances in the treatments of diseases - often expensive treatment - continue at a rapid clip.

Below are my six best health care funds, in no particular order.

SEE ALSO: The 19 Best ETFs for a Prosperous 2019

Kiplinger
Sep 05, 2019

Should a Widow Pay Off Her Mortgage?
For some people who lose their spouse, it could make perfect sense. For others, not so much. Here's how to judge what could be a prudent approach in this stressful and confusing time.

Kiplinger
Sep 05, 2019

Are You Making One of the Top 3 Investing Mistakes?
These all-too-common mistakes are easily avoidable. If you've gotten tripped up, like so many other investors have, here's how to fix the problem before it's too late.

Kiplinger
Sep 04, 2019

10 Emerging-Markets Stocks That Will Survive the Trade War
The old saying goes: When America sneezes, the world catches a cold. As the world's largest importer - and holder of its largest trade deficit by a country mile - the United States is the planet's indispensable economy. And emerging-markets stocks, with their dependence on foreign capital and high concentration in cyclical and commodity sectors, are particularly vulnerable to weakness in the U.S.

There's nothing quite like a good trade war to give investors the jitters. But it's not just the ongoing spat between Presidents Donald Trump and Xi Jinping that has investors unnerved. U.S. economic growth appears to be topping out for this cycle, and issues in the American market have a way of spilling across borders.

When western investors go into de-risking mode, they tend to throw out the baby with the bathwater, dumping high-quality emerging-markets stocks in a flight to cash. But in doing so, they often create fantastic buying opportunities.

Jeremy Grantham and his colleagues at Boston-based asset manager GMO are not known for being wide-eyed Pollyannas. They're sober value investors best known for calling the last two major bear markets in 2000 and 2008. Perhaps not surprisingly, Grantham & Co. see U.S. stocks performing poorly over the next seven years, losing 3.7% per year. But interestingly, GMO expects emerging-markets stocks to return 5.2% per year over the next seven years. Even more interestingly, they see EM value stocks returning 9.8% per year.

Today, we're going to look at 10 strong emerging-markets stocks that might give you a bit of heartburn, but ultimately should weather the trade war and reward new money. Most depend heavily on domestic EM consumers rather than on exports or trade flows, and all should be considered potential buys on any weakness in the coming months.

SEE ALSO: The Berkshire Hathaway Portfolio: All 47 Buffett Stocks Explained

Kiplinger
Sep 04, 2019

Deduct Expenses for Long-Term Care on Your Tax Return
The IRS allows some limited tax breaks on medical expenses and insurance premiums related to long-term care.

Kiplinger
Sep 04, 2019

Retirees, Earn Higher Yields While Doing Good with Impact Investments
Older investors are increasingly finding ways to collect income without sacrificing their principles.

Kiplinger
Sep 04, 2019

Retirees, How to Report Fraud and Scams
File a complaint with the feds, consumer advocates and industry watchdogs if your are victimized by financial scammers. Here's how.

Kiplinger
Sep 04, 2019

Don't Fall for Timeshare Exit Scams
Sketchy firms are targeting older timeshare owners with hollow promises to get them out of their contracts for a hefty upfront fee.

Kiplinger
Sep 04, 2019

The 5 Biggest Retirement Mistakes to Avoid
Retirement should be a welcome reward for long years of hard work, but unless you prepare now, it might not be the bed of roses you had hoped for.

Kiplinger
Sep 04, 2019

Didn't Anyone Tell You Investing Rules Change in Retirement?
Market volatility isn't something those near retirement can afford to just ignore. They need to have a multifaceted plan to ramp back their risk and protect themselves.

Kiplinger
Sep 03, 2019

10 'Strong Buy' Tech Stocks to Buy Now
The increasingly volatile market is sending some investors into more defensive stock picks. The fearful rarely seek out tech stocks to buy when they need a safe haven - especially amid ongoing trade-war tensions - but that doesn't mean you need to avoid the technology sector entirely.

Tech stocks, after all, are one of the best sources of high upside. As shaky as 2019 has been, the market is still having a better-than-average year, and technology has led the way with 28.3% gains. If the bull market continues to grind its way higher against the headwinds, tech could keep pressing higher, too.

But what technology picks should you explore in this environment? We've evaluated TipRanks ratings from more than 5,200 analysts to pinpoint 10 promising stocks with a Strong Buy consensus over the past three months.

Here, then, are 10 tech stocks to buy based on overwhelmingly strong recent sentiment. We'll explore the potential upside in each, as well as why these 10 companies are generating so many bullish opinions.

SEE ALSO: 50 Top Stocks That Billionaires Love

Kiplinger
Sep 03, 2019

Arizona's 30 Largest Cities and Towns Ranked for Local Taxes
Arizona is a hot destination for retirees and other people looking to relocate--and I'm not talking about the weather. From July 1, 2017, to July 1, 2018, more than 83,000 people moved to Arizona from other states. That's second only to Florida in terms of population growth from domestic migration during that time period.

The Grand Canyon State's sizzling population growth is partly due to its low state tax burden. It's the eighth-most taxpayer-friendly state in the country, according to our latest rankings. That favorable assessment is based largely on Arizona's low state income taxes, but you can still get burned by local property and sales taxes depending on where you live (property taxes typically drain your wallet the most). So if you're packing your bags and heading to Arizona, or looking to relocate within the state, do yourself a favor and compare the local tax rates first. To make that comparison easier, we ranked the 30 largest cities and towns in Arizona (including "census designated places") based on the estimated local tax burden (from highest to lowest). Our estimates reflect what a hypothetical couple would pay in common county and municipal taxes in each location if they moved there and purchased a $250,000 home. Check out our list to see where you can go to cool down your overall tax bill.

SEE ALSO: Florida's 50 Largest Cities and Towns Ranked for Local Taxes

Kiplinger
Sep 03, 2019

Protecting Retirement Accounts from Creditors
Degrees of legal protection differ for 401(k)s and IRAs.

Kiplinger
Sep 03, 2019

A Note to My Daughter Heading to College for Her Senior Year: Celebrate You And Know Your Worth
Money and career advice straight from the heart of a financial professional who is also a proud mom of a soon-to-be grad.

Kiplinger
Sep 03, 2019

10 Practical Tips to Make Divorce More Tolerable
On the hierarchy of horrible experiences, divorce is right up there, especially if you are the recipient of the bad news and were unaware of how unhappy your spouse was.

Unfortunately, divorce is a reality for approximately 50% of all first marriages, according to the American Psychological Association -- and the percentage of second and third marriages ending in divorce is even higher.

A divorce is not just the loss of a partner and maybe even a co-parent. It is the end of the hopes and dreams of building a loving relationship with someone you care deeply about. It is normal to feel depressed. Depression can manifest itself in a variety of ways, both physically and emotionally. Some people gain weight, while others lose weight. Some cannot can't get out of bed, while others go to extremes by becoming dependent on drugs or alcohol. Depression, although understandable, can make a terrible situation even worse.

When I co-wrote the book He Said: She Said: A Practical Guide to Finance and Money During Divorce, with my late husband, Herb Shapiro, he used to say, "Divorce is a death without a body." Divorce is the death of a relationship and consequently a way of life.

With that in mind, here are 10 practical tips to get through this transition.

Written by Barbara Shapiro, president of HMS Financial Group in Dedham, Mass. She is a CFP®, Certified Divorce Financial Analyst and a Financial Transitionist®. Her firm specializes in comprehensive financial planning with a subspecialty in divorce that assists clients' transition from marriage to independence with peace of mind and confidence.



Kiplinger
Sep 02, 2019

10 of the Happiest Places to Retire in the U.S.
A state of happiness cannot be pinpointed on a map. But a great deal of residents seem to have found it in these 10 places, according to the Gallup-Sharecare Well-Being Index.

Digital health company Sharecare, working with Gallup, has conducted more than 2.6 million surveys nationwide since 2008 to gauge "Americans' perceptions of their lives and their daily experiences." The Well-Being Index is based specifically on residents' feelings about five elements of well-being: "purpose" (liking what you do and being motivated to achieve goals), "social" (having supportive relationships and love), "financial" (managing your budget to feel secure), "community" (liking where you live) and "physical" (being in good health). The higher the score, on a scale of 0 to 100, the happier residents indicate they are about where and how they are living their lives.

To come up with our original list of the 50 best places to retire in the U.S.--one in each state--we factored in the "community" and "physical" components of the Well-Being Index, where available, as well as living costs, safety, median incomes and poverty rates for retirement-age residents and the availability of recreational and health care facilities. The following 10 retirement destinations rank the highest in terms of the overall well-being of residents. See if you agree, and consider whether any might make a happy place for your own retirement.

See Also: 13 Reasons You'll Regret an RV in Retirement

Kiplinger
Sep 02, 2019

Heirs Can Use NUA Tax Break for Inherited 401(k)s
This tax-saving move will result in more money in your pocket if you inherit employer stock.

Kiplinger
Sep 02, 2019

Mutual Funds vs. ETFs: Why Choose One When You Can Use Both?
One tends to be cheaper to own and the other tends to perform better during down markets. That's why I recommend going with a combo strategy.

Kiplinger
Sep 02, 2019

What Steps Should You Take Before You Buy or Sell a Business?
Given today's feverish market, some people are rushing through transactions and skipping critical parts of the process.

Kiplinger
Aug 30, 2019

11 Utility Stocks and Funds to Buy for Safety and Income
Utility stocks and funds are in a fortuitous position right now. Investors tend to seek them out when recession fears creep (like they are right now), and they also tend to perform well when interest rates decline.

Several countries have shown signs of economic weakness, sparking worries about a global recession. The U.S.-Chinese trade war hasn't helped, blunting the growth of the planet's two largest economies. And Derek Horstmeyer, an assistant finance professor at George Mason University, points out what many experts have said about the yield curve's recent inversion. Namely, he calls it a "strong signal that we are in the late stages of economic expansion and may indeed be headed for a recession within the next 18 months." That's a boon to safe-haven sectors such as utilities and consumer staples, as what they produce is always in demand, no matter what the economy is doing. Utility stocks, with their high returns on assets and high dividends, should be considered given that they "tend to do well in late-cycle periods," Horstmeyer says.

The utility sector also is attractive as interest rates fall, says Robert Johnson, a finance professor at Creighton University. "The dividend yield on the utility sector is especially attractive in this abnormally low-interest-rate environment as the yields on utility stocks exceed the yields on long-term U.S. government debt by a substantial margin," he says.

Here are 11 utility stocks and fund to buy for safety and income. This list includes a few standouts in the sector, as well as several ways to diversify your risk while collecting these stocks' above-average dividends.

SEE ALSO: All 30 Dow Stocks Ranked: The Analysts Weigh In

Kiplinger
Aug 30, 2019

Tips for Dealing with Debt in Retirement
Savvy financial moves and strategic belt-tightening can tame even the most fearsome debt loads and help put retirees' golden years back in the black.

Kiplinger
Aug 30, 2019

How to Help Grandchildren Pay for College
Follow these tax-saving strategies while gifting money to help fund their education.

Kiplinger
Aug 30, 2019

The Broker Matrix
The best broker for you depends on what's important to you.

Kiplinger
Aug 30, 2019

One Important Retirement Age Milestone People Tend to Forget
RMDs creep up on people, and they can come with unintended tax consequences. So savvy folks plan ahead ... way ahead.

Kiplinger
Aug 29, 2019

Another Plus for High-Deductible Health Insurance Plans
New rules for plans with health savings accounts could trim your out-of-pocket costs.

Kiplinger
Aug 29, 2019

Battle the Credit Bureaus ... and Win
Whether you're contesting an error or combating fraud, use our guide to give yourself the best shot at success.

Kiplinger
Aug 29, 2019

Protecting Your Privacy in the Wake of FaceApp
Revelations about FaceApp have rekindled debate over how to protect your data.

Kiplinger
Aug 29, 2019

Resort Fees: No Day at the Beach
Lawsuits may force hotels to make costs more transparent.

Kiplinger
Aug 29, 2019

The Best You Can Hope for from the Equifax Settlement
The average payout will be far less than $125. But you may be reimbursed for other costs.

Kiplinger
Aug 29, 2019

Be Smart About How You Trade Stocks
Giving your broker the right order can help you get the best price.

Kiplinger
Aug 29, 2019

How to Be a Confident Investor
You don't have to be an expert. Start with your employer's retirement savings plan.

Kiplinger
Aug 29, 2019

The 7 Best ETFs for Retirement Investors
Mutual funds almost go hand-in-hand with retirement investing. And why not? The modern mutual fund predates exchange-traded funds (ETFs) by more than six decades. Most 401(k) plans hold nothing but mutual funds. So it's reasonable to link one with the other.

But don't sleep on exchange-traded funds. As you'll soon find out, while many of the best ETFs out there are tactical strategies and great trading vehicles, some of them are dirt-cheap, long-term buy-and-hold dynamos that can give investors what they need in retirement: diversification, protection and income.

Many (though not all) ETFs are simple index funds - they track a rules-based benchmark of stocks, bonds or other investments. It's an inexpensive strategy because you're not paying managers to analyze and select stocks. And it works. In 2018, the majority of large-cap funds (64.5%) underperformed Standard & Poor's 500-stock index - the ninth consecutive year that most of them failed to beat the benchmark.

Today, we'll look at seven of the best ETFs for retirement. This small group of funds covers several assets: stocks, bonds, preferred stock and real estate. Which ones you buy and how much you allocate to each ETF depend on your individual goal, be they wealth preservation, income generation or growth.

SEE ALSO: The Kip ETF 20: The 20 Best Cheap ETFs You Can Buy

Kiplinger
Aug 29, 2019

A REIT Fund Checks Out of Hotels
Real estate stocks are sizzling. But TIAA-CREF Real Estate Securities is playing defense.

Kiplinger
Aug 29, 2019

T. Rowe Price Value Has an Eye for High-Quality Bargains
Manager Mark Finn made some wise purchases of beaten-down stocks in late 2018, including Air Products & Chemicals.

Kiplinger
Aug 29, 2019

Drowning in Streaming Fees
With so many options to stream TV, movies and other programs, you could pay as much as you did for cable. Use our tips to save money and find the best services for you.

Kiplinger
Aug 29, 2019

Betting on Stocks Down Under
With their sound fundamentals and enticing yields, Australian stocks make logical additions to any portfolio.

Kiplinger
Aug 29, 2019

Giving to Charity When You're on a Budget
Don't forget that your time has value, too. Volunteering is the best way to see if you like how the charity is run.

Kiplinger
Aug 29, 2019

How to Complain and Get Results
Impersonal customer service makes it hard to get help. Here's the script for success.

Kiplinger
Aug 29, 2019

Is Your Vacation Destination Safe?
Check out travel advisories before you book to get the real scoop on the risks you'll face.

Kiplinger
Aug 29, 2019

Live Well Without Running Out of Money in Retirement
These money-generating tactics will help retirement savers enjoy their Golden Years without stressing over cash.

Kiplinger
Aug 29, 2019

Retired and Single: Readers Weigh In
Retired life as a single person doesn't have to be lonesome. Finding hobbies that require you to socialize can make all the difference.

Kiplinger
Aug 29, 2019

Don't Get Burned by Falling Rates
The Federal Reserve's latest rate cuts mean some savers will have to think outside-the-box when it comes to stashing their cash.

Kiplinger
Aug 29, 2019

Beware Dark Patterns on the Web
These sites are designed to steer or coerce people into making unintended decisions.

Kiplinger
Aug 29, 2019

Pushing the FDIC $250,000 Limit
If your bank or credit union balance exceeds the limit, you can still be covered by FDIC insurance with planning.

Kiplinger
Aug 29, 2019

HSA Investing When You're Over 65
Older savers should revisit the investment mix in their health savings account as their tolerance for risk falls and their health care spending rises.

Kiplinger
Aug 29, 2019

What Being an "Authorized User" Does to Your Credit Score
An adult child's credit score may dip-or even rise-after he or she is removed as an authorized user of a parent's credit card.

Kiplinger
Aug 29, 2019

Why Stocks Are Best Held in a Roth IRA
Holding stocks in a Roth IRA makes the most of this tax-free account's features.

Kiplinger
Aug 29, 2019

Is It Time to Invest in Gold?
Stock market volatility has given investors gold fever. If you chase the rally, don't overdo it.

Kiplinger
Aug 29, 2019

Show Me the Money: How to Protect Yourself in Gray Divorce
Divorce is on the rise for people in their 50s and up, and because these couples are older, their breakups can be more complicated to navigate. Treat your divorce like what it is: A business deal.

Kiplinger
Aug 29, 2019

Want in on a Well-Kept Secret with Big Tax Benefits? Think NUA.
NUA stands for "net unrealized appreciation." But what it really means is you could possibly pay $0 in taxes on the gains on your company stock if you do this instead of rolling your entire 401(k) into an IRA.

Kiplinger
Aug 28, 2019

Market Volatility: Get Used to It
The second pullback of 2019 is probably not the end of the bull market.

Kiplinger
Aug 28, 2019

Navigate Overseas Investing With Low-Volatility Funds
Low-vol funds can help you ride out the ups and downs of foreign markets.

Kiplinger
Aug 28, 2019

The Most Expensive Natural Disasters in U.S. History
Mother Nature has certainly wreaked havoc over the years. Storms, floods, drought and fire have taken a toll, both in lives lost and property damaged.

2019 has been a fairly quiet year - so far. Much of the southern plains experienced damaging river flooding this spring, delaying planting for farmers and tying up commercial boat traffic on the Mississippi.

Still, hurricane season is only halfway over, so keep your emergency kit ready and your fingers crossed, and have a look at the 10 most expensive natural disasters in U.S. history.

SEE ALSO: 11 Reasons You Need Umbrella Insurance Right Now

Kiplinger
Aug 28, 2019

Does the Stock Market Close Early the Friday Before Labor Day?
The stock market is closed on Labor Day, but investors do not get an early start to the holiday weekend the Friday before Labor Day.

Kiplinger
Aug 28, 2019

How to Escape the Debt Dilemma
Have more debt than money saved for retirement? You can pay that debt and build savings, too.

Kiplinger
Aug 27, 2019

Kiplinger Q&A: Hill Harper
The veteran Hollywood actor embraces many of the get-rich-slowly tactics that Kiplinger champions: paying yourself first, dollar-cost averaging, investing in low-fee index funds and teaching financial literacy to children.

Kiplinger
Aug 27, 2019

13 Reasons You'll Regret an RV in Retirement
As you drive toward retirement, dreams of blue highways are giving you that itch to hit the open road. With the kids grown and no job to tie you down, why not sell the house, buy a recreational vehicle and see the country? You wouldn't be alone. Approximately 10 million U.S. households own RVs, according to the RV Industry Association, and roughly 1 million Americans are living full-time in them.

But is an RV in retirement right for you? We spoke with retirees who spend much of their time in recreational vehicles for their guidance on the cons of RV living in retirement. Here's what they had to say about the downsides of life on the road in an RV.

SEE ALSO: 50 Best Places to Retire in the U.S.

Kiplinger
Aug 27, 2019

50 Best Places to Retire in the U.S.
Thinking about moving in retirement? You're not alone. About two-thirds of retirees plan to relocate or already have, according to a survey by Merrill Lynch and Age Wave, a research firm focused on the aging population. And while most pre-retirees expect to stay in the same state or region once they retire, 40% want to take the opportunity to try someplace completely different.

Luckily, no matter which state you land on for retirement, you can pinpoint a promising place within state lines to settle down. To help you narrow the choices, here we highlight one great retirement destination in each state that offers attractive advantages for retirees. We've taken into account living costs, safety, median incomes and poverty rates for seniors, as well as residents' sense of well-being and the availability of recreational and health care facilities. Take a look at our 50 picks for top places to retire around the country and see which ones fit your dreams for retirement.

See Also: Where to Retire: All 50 States Ranked for Retirement

Kiplinger
Aug 27, 2019

The 9 Highest-Yielding Warren Buffett Dividend Stocks
Berkshire Hathaway (BRK.B) famously doesn't pay dividends - it has better things to do with its shareholders' cash - but Chairman and CEO Warren Buffett sure loves collecting them. In 2018 alone, Berkshire raked in $3.8 billion in dividends - "a sum that will increase in 2019," Buffett said in the annual letter.

The great majority of the stocks in Berkshire's portfolio are dividend stocks. And, indeed, all of its top 10 holdings - from Apple (AAPL) to Coca-Cola (KO) to American Express (AXP) - pay a cash distribution.

Buffett has never been one to reach for yield, but a number of Berkshire Hathaway's income-generating equities are quite generous by today's standards. As of Aug. 26, nine of Warren Buffett's dividend stocks sported yields of at least 3%. (For comparison, the yield on the S&P 500 is just below 2%.)

After excluding names that are now negligible parts of Berkshire Hathaway's portfolio - namely, United Parcel Service (UPS) - these are the Warren Buffett dividend stocks with the highest yields.

SEE ALSO: 50 Top Stocks That Billionaires Love

Kiplinger
Aug 27, 2019

Why Does Bad Financial Advice Exist?
Maybe it's old. Maybe it comes with conflicts of interest. Maybe it's incomplete. There are many reasons, so it helps for investors and retirement savers to know some red flags to watch out for.

Kiplinger
Aug 27, 2019

Global Entry: A Travel Investment Well Worth $100
Standing in lines at the airport is one of the biggest hassles of travel. Global Entry can help. Here's how the program works and how you can apply.

Kiplinger
Aug 26, 2019

10 BDCs to Buy for Big-Time Income
The market for business development companies (BDCs) just got a little more institutional.

For those of you unfamiliar with BDCs, here's a quick primer. Business development companies provide firms with debt and equity capital, or a combination of the two, to help them grow. They first came to be in 1980 when Congress passed an amendment to the Investment Act of 1940 that created a new category of closed-end investment company: BDCs.

For tax purposes, BDCs must pay out 90% or more of their taxable income in the form of dividends so they can retain the tax benefits of regulated investment companies.

BDCs have become popular with retail investors over the past decade because of the significant income they generate. These companies often yield more than 8% on their distributions.

Consider this: BDC Owl Rock Capital Corporation (ORCC) sold 10 million shares to investors during its initial public offering on July 18, 2019. This IPO is important because Owl Rock Capital Partners, who operate the BDC, founded it in 2016 with the sole purpose of meeting the needs of institutional investors. Since its founding three years ago, Owl Rock has raised more than $5.5 billion from pension funds, university endowments, family offices and other high-net-worth investment vehicles. And when institutional-caliber investors get involved, it's time to take notice.

Here are 10 BDCs to consider for your investment portfolio. Just remember: Their uber-high yields come with some measure of risk. Many use debt leverage to generate their strong returns, which is risky in the first place and adds interest-rate risk into the picture. Also, the companies they invest in typically have a higher chance of default than larger corporations. But for those willing to take the risks, these 10 BDCs yield between 5.7% and 10.9%.

SEE ALSO: 33 Ways to Get Higher Yields (Up to 12%!)

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