Managing a Loved One’s Finances, Single? How Much Do You Need to Earn?

Life Insurance Should Be an Essential Lifeline in Your Finances | What Single People Need to Make to Live Comfortably | You Can Still Fight Inflation with Series I Bonds Created for {EMAIL} | [Web Version]( March 28, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Instagram]( [SIGN UP]( ⋅ [WEBSITE]( [] Top Story [] [Life Insurance Should Be an Essential Lifeline in Your Finances]( [Life Insurance Should Be an Essential Lifeline in Your Finances]( (Getty Images) Life insurance can serve as a crucial safety net while providing a lasting legacy for your family. However, the cash value can also assist during financial hardship. Wealth management expert Steve Sugumele writes that while there is no one-size-fits-all approach, [using these three strategies can help bolster your financial security](. [] Personal Finance [] [What Single People Need to Make to Live Comfortably]( [What Single People Need to Make to Live Comfortably]( (Getty Images) From groceries and utilities to transportation and housing, earning enough income to live comfortably as a single person in the U.S. is more difficult. But how much does one have to earn? [The findings might surprise you](. [How to write your will in 10 easy steps]( Your will is one of the most important legal documents you'll make. With it, you take control of your legacy and protect the people you care about the most. So how do you write one? Here are ten simple steps to help you write your last will and testament in less than an hour. [READ MORE]( ADVERTISEMENT [] In Case You Missed It [] [You Can Still Fight Inflation with Series I Bonds]( [You Can Still Fight Inflation with Series I Bonds]( (Getty Images) Though the potential return of U.S. Treasury I-bonds as a long-term investment is no sure thing, Americans are voting for them with their wallets. [The current rate is still reasonable and even has a little sweetener built in](. [] Successful Financial Planning [] [Four Things to Know About Managing a Loved One’s Finances]( [Four Things to Know About Managing a Loved One s Finances]( (Getty Images) At some point, many of us will be in charge of our parents’ or older relatives’ caregiving and finances. Figuring out when it’s time and knowing how to talk about it is just the start. We should be [preparing our strategies now so we are ready when it happens](, advises financial planner Tony Drake. [How Your Home Can Fill Gaps in Your Retirement Plan]( If you have gaps in your plan for retirement income, you might consider adding the value of your home to your planning. Most retirement planning methods have ignored what for some retirees is their largest single asset — their home. [READ MORE]( ADVERTISEMENT Featured Content Sponsored Content from Kiplinger Advisor Collective [Expand Your Influence in the Financial Industry]( Join the Kiplinger Advisor Collective: the ultimate platform for financial experts. Network, build your brand, and share your expertise with readers. [Inquire Now]( [] Smart Spending [] [Do You Have Your Eclipse Glasses? Where and How to Find Them]( Don't let this $5 tool ruin your eclipse experience. [Read More]( [] Banking [] [Are Banks Open on Good Tomorrow?]( Good Friday is almost here, but not everyone has the day off on Friday, March 29. [Read More]( [Is your money working hard enough?]( It should be! Learn how Betterment's automated investing and savings technology can make your money hustle, while you don't. [LEARN MORE]( ADVERTISEMENT ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. Kiplinger is a trusted provider of unbiased financial advice, objective business and economic forecasts, and practical help to millions of business professionals, investors, and individuals seeking to make more profitable decisions with their money. Our [flagship publications]( include [Kiplinger Personal Finance]( magazine, [The Kiplinger Letter]( [The Kiplinger Tax Letter]( [Kiplinger Retirement Report]( and [Kiplinger Investing for Income.]( All are regarded as the leading publications in their respective fields. Every day, millions of readers rely on our [free e-newsletters]( for help on everything from getting the best rate on a mortgage or car loan, to managing their businesses in an uncertain world, avoiding an IRS audit, building wealth for a secure retirement, or investing wisely in any kind of market. Now it’s your turn to reap all the rewards Kiplinger has to offer. Visit [Kiplinger.com](, your gateway to all of the above and much more. Check in any time for our latest advice on how to make more money, and keep more of the money you make. Stay right on the money, with Kiplinger. [Sign Up]( | [Print Publications]( | [Unsubscribe]( [Privacy Policy]( | [Cookies Policy]( | [Terms and Conditions]( CONTACT US: [FEEDBACK](mailto:mailto:alerts@kiplinger.com) | [ADVERTISE]( [Future]( Future US LLC © Full 7th Floor, 130 West 42nd Street, New York, NY, 10036