Kiplinger2 min citite
Stock Market Today: Stocks Fight to Extend Rally Despite Disappointing Payrolls
The stock market spent most of Wednesday trying to dig itself out of a hole as investors continued to chew on renewed stimulus discussions in Washington. Earlier in the day, payroll services firm ADP reported that the U.S. added just 307,000 private-
Kiplinger1 min citite
The 7 Best Bond Funds for Retirement Savers in 2021
Perhaps one of the easiest investing predictions to make for the coming year is that the bond market will be a challenge to navigate. And that could mean a frustrating time for retirement savers looking for the best bond funds to carry them through 2
Kiplinger5 min cititePsychology
Can You Think Your Way to Wealth?
For an extraordinary high achiever, such as NBA legend Michael Jordan, you could reasonably attribute his success to one of many things. His famous work ethic. His high basketball IQ. His shoes. But to His Airness himself, it was the result of a rele
Kiplinger3 min cititePolitics
Joe Biden’s Student Loan Plan: What’s in It for You?
When the CARES Act was passed in March, payments were suspended and the interest rate was temporarily set to 0% for federal student loans.  The student loan relief is set to expire on Dec. 31, 2020.  Will President Trump or the president-elect, Joe B
Kiplinger4 min cititePsychology
An Uncomfortable Truth About Aging and Retirement Planning
Financial planning isn’t rocket science. Given enough spare time and discipline, anyone can learn the basic tenets of retirement planning: diversify, mind your taxes, prepare for unexpected events, draft proper legal protections, etc. I promise it’s
Kiplinger20 min citite
Where To Invest In 2021
David Muhlbaum: 2021, the year ahead, people have pinned a lot of hopes on it, but how will it play for stock investors? Kiplinger Executive Editor, Anne Kates Smith joins us to give her forecast. We’ll also get back to the outlook for raises next ye
Kiplinger3 min cititeFinance & Money Management
My Student Loan Relief Is Set to Expire, What Now?
Since late March, as a result of the CARES Act over 35 million student loan borrowers haven’t been required to make student loan payments, nor has additional interest accrued.  The student loan relief was initially instated as a 60-day period and the
Kiplinger2 min citite
Stock Market Today: Wall Street Hangs on Stimulus Hopes Again
Stocks kicked off the month of December by resuming their November form, rushing out of the gate to solid gains as COVID stimulus, left for dead in the weeks before and after the election, suddenly came back into play Tuesday. A bipartisan group of l
Kiplinger2 min citite
Stock Market Today: Dow Closes Out Best Month Since 1987
Stocks struggled in the final session of November, but Monday's losses weren't nearly enough to take the shine off an incredibly productive month for investors. Today's declines came in the face of numerous pieces of welcome news. Moderna (MRNA, +20.
Kiplinger1 min citite
25 Stocks That Billionaires Sold in Q3 2020
The third quarter of 2020 saw America's billionaires modify a host of their stock holdings, where it was adding or reducing positions, adding new stakes and hitting the exits. Not every billionaire shuffled around, of course. Tesla (TSLA) CEO Elon Mu
Kiplinger2 min cititeComputers
New Venmo Card Personalizes Rewards
When you’re looking for a rewards credit card, it makes sense to review your spending patterns and choose one that offers a high rate of cash back or points in the categories in which you spend the most. But if your top spending categories tend to
Kiplinger3 min citite
Is Your Cash Value Life Insurance Policy Still a Good Fit for You?
When most people buy a life insurance policy, they file it away hoping to never need it. But, if you have cash value life insurance policy, such as whole life, universal life or variable universal life, you purchased more than just insurance coverage
Kiplinger3 min citite
Surprise! Even Conservative Investors Could Profit on Bitcoin
Money managers have two top priorities: identifying and investing in non-correlated assets, and rebalancing around volatility. With the ups and downs of the past year, it’s a perfect time to discuss the value of volatility and how a sound rebalancing
Kiplinger1 min citite
2020 Tech Gift Guide: The 10 Best Values + The 10 Best, Period
It’s an annual tradition to put together my list of the best value in tech gifts for the holiday season: Products that deliver performance, features, quality at a good price. But, given the weight of a year spent in a pandemic, many of us are feeling
Kiplinger2 min cititeInvestments & Securities
Stock Market Today: Nasdaq Notches Another High as COVID's Spread Worsens
The broader markets closed the week with a passive partial session on Black Friday as setbacks in the fight against COVID challenged investors yet again to rethink their vigorous rotation into value stocks. One worry: AstraZeneca's (AZN) admission th
Kiplinger1 min cititeInvestments & Securities
The Best American Funds for 401(k) Retirement Savers
Some of the biggest funds in the country, as measured by assets, are from American Funds, but do-it-yourself investors probably aren't familiar with the firm. That's because, for a long time, these funds were only available for purchase through an ad
Kiplinger3 min citite
Turned off by Low CD Rates? Consider a Fixed Annuity
Rates on bank certificates of deposit are dismal. The best you can do as of early November 2020 is a mere 0.65% for a one-year CD, 0.85% for a three-year CD, and 1.00% for a five-year certificate, according to Bankrate.com. While you’re certain to ge
Kiplinger2 min citite
Analyst: Housing Market Will Stay Strong in 2021
We spoke with Realtor.com's chief economist Danielle Hale about where the housing is headed in the new year. Here's an excerpt from our interview: In 2020, tight inventories drove up the price of homes. Will that continue in 2021? Yes. There have bee
Kiplinger5 min citite
How to Turn Your Retirement Savings into Retirement Income
I have been working a long time on retirement planning that creates more and safer income for retirees. So long, in fact, that I sometimes forget the subject is new to most investors. They get much of their financial information from their advisers —
Kiplinger3 min citite
3 Steps You Can Take Now to Gain Control of Your Retirement
Given the year we’ve experienced, most people are feeling justifiably anxious about protecting their retirement investments. Some nervousness is normal at any time, of course, since we can never predict what the markets or the overall economy will do
Kiplinger5 min citite
James Glassman’s 10 Stock Market Picks for 2021
Since 1993, I have offered an annual list of 10 stocks. Nine are culled from the choices of experts I trust, and I include one of my own. For the fifth year in a row, those annual selections beat the S&P 500 index. This kind of streak isn’t supposed
Kiplinger2 min citite
Stock Market Today: Jobs Data Weighs on Stocks, But Nasdaq Hits New High
After vaccine euphoria drove several major indices to all-time highs earlier this week, COVID realities led to a more mixed session heading into the Thanksgiving holiday. The Labor Department released weekly unemployment data a day early, reporting a
Kiplinger3 min cititeCrime & Violence
Are You Liable When a Customer’s Hummer Gets Stolen from Your Parking Lot?
My paralegal, Anne, buzzed me: “You have a woman on the phone who is crying. Her car was stolen from the parking lot of a motel, and she can’t get anyone to help her.” I took the call immediately. “Emma” explained that she and her husband were fleein
Kiplinger1 min cititeInvestments & Securities
Is the Stock Market Open on Thanksgiving and Black Friday 2020?
Investors will get some time off from the stock market on both Thanksgiving Day and Black Friday, but don't call it a perfect four-day weekend. It's closer to a three-and-a-half. In 2020, the stock market is closed all day on Thursday, Nov. 26, to ce
Kiplinger5 min cititeFinance & Money Management
Which Debt Is ‘Good Debt’ and Which Is ‘Bad Debt’?
Let’s talk about debt baby.  Let’s talk about you and me.  Let’s talk about all the good things and the bad things that may be.  Let’s talk about debt.   Do I have you humming the tune to a popular Salt-N-Pepa song circa 1990?   I have to bring some
Kiplinger3 min citite
Bad News for Super Savers
Every year, the IRS adjusts the maximum amount taxpayers can contribute to tax-advantaged retirement savings plans to reflect increases in the cost of living. Unfortunately, inflation was so low in 2020 that the maximum you can contribute to tax-adva
Kiplinger4 min citite
Stephanie Link: Expect Above-Average Gains in 2021
Kiplinger’s: What do you see ahead for 2021? Link: To talk about 2021, you have to put it in the context of 2020. We have to deal with the increase of COVID cases versus progress with vaccines and with testing. The time line is uncertain for the next
Kiplinger6 min citite
How to Help Your Family Wealth Last for Generations
The Chinese proverb “rags to rags in three generations” says that family wealth does not last for three generations. The first generation makes the money, the second spends it and the third sees none of the wealth. The Chinese aren’t the only ones wh
Kiplinger3 min citite
Peering Past the Pandemic
My column on the joys of being retired (Rethinking Retirement, "The Joys of Being Retired") drew a slew of responses—a couple of which were pretty grumpy. “Your column came from the la-la land of before the pandemic,” writes Scott Bigelow. “Lunches w
Kiplinger7 min cititeFinance & Money Management
Strategies to Tackle Debt
When the pandemic hit and the restaurant that Eric S. managed in Brighton, Mich., closed its doors temporarily, Eric filed for unemployment insurance benefits. When the business reopened a couple of months later and Eric returned to work, his hours w
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