How to Manage Your Loved One's Finances, Social Security Spared Govt Shutdown, Tips to Minimize Investment Taxes

How Retirees Can Minimize the Net Investment Income Tax | Four Things to Know About Managing a Loved One's Finances | Is Your First RMD Due April 1? Created for {EMAIL} | [Web Version]( March 28, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Instagram]( [Retirement Tips]( [SIGN UP]( ⋅ [WEBSITE]( [] Taxes [] [How Retirees Can Minimize the Net Investment Income Tax]( [How Retirees Can Minimize the Net Investment Income Tax]( (Getty Images) For retirees, determining your filing status is one of your most important decisions. That's because your [taxable income]( is dependent on how you file. Investment adviser Derek Miser explains why this is especially important when it comes to the [net investment income tax]( (NIIT). [] Estate 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) Taking over as the [caregiver]( for a loved one can be stressful for many different reasons, and it comes with a lot of unanswered questions. Tony Drake, CFP, shares why figuring out [when it's time to take over finances]( and knowing how to talk about it are just the start. [Best Compounding Interest Investments in Preparing for Retirement]( If you invested in an S&P 500 index fund starting in January 2000 until September 2020 your average annualized return would have been 4.2%, a cumulative return of 136%. But if you reinvested all dividend payments your annualized return would have been 6.2%, a cumulative return of 247%. Just reinvesting dividends would have nearly doubled your gains. [READ MORE]( ADVERTISEMENT [] RMDs [] [Is Your First RMD Due April 1?]( [Is Your First RMD Due April 1?]( (Getty Images) April Fool's Day is an important required minimum distribution [(RMD) deadline]( for some older adults and retirees. Here is how you can determine your own [RMD schedule](. [] Social Security [] [Social Security, Medicare Funding Secured As Government Shutdown Avoided]( [Social Security, Medicare Funding Secured As Government Shutdown Avoided]( (Getty Images) President Biden signed a $1.2 trillion funding package into law on Saturday, avoiding any major impact from a partial [government shutdown]( that technically began on the same day. Medicare and [Social Security]( are among the key agencies to receive funding through September 30. [401(k): Actions To Consider When Switching Jobs]( Starting a new job can be exciting. An important aspect of your transition is deciding what to do with your 401(k) plan. There are multiple options for what to do based on your financial and retirement goals. [READ MORE]( ADVERTISEMENT Featured Content Sponsored Content from Kiplinger Retirement Planning 2024 [Plan and enjoy a worry-free retirement.]( Whether you've already left the workforce or you're just beginning to think about it, [Kiplinger Retirement Planning 2024]( will show you how to maximize your 401(k), select top-performing investments, get the most from Social Security, protect your estate, ensure affordable top-notch health care and much more. [Click to see table of contents.]( [] Retirement Lifestyle [] [Retirees are Getting Into Camping -- Here's How You Can, Too]( [Retirees are Getting Into Camping -- Here's How You Can, Too]( (Getty Images) Camping is a great way to commune with nature and see the country on a range of [budgets](. Exploring the mountains, the Everglades and more can be an intoxicating experience. Here's what you'll need - and what you'll spend - on [your own retirement camping adventure](. [When Can I Retire?]( As you're deciding when to retire, you'll need to think about how much money you're likely to spend each year. Vanguard advisors are here to help investors like you make more informed and confident financial decisions. [LEARN MORE]( ADVERTISEMENT [] Medicare [] [UnitedHealth Questioned on Potential Medicare Data Leaked in Cyberattack]( [UnitedHealth Questioned on Potential Medicare Data Leaked in Cyberattack]( (Getty Images) UnitedHealth Group (UHG) is facing questions from a lawmaker over the types of patient data, including [Medicare records](, that were compromised during the February 21 [cyberattack]( at its Change Healthcare unit. [] RELATED KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [Great Deals on Family Vacations]( These budget and luxury family vacations will satisfy all three generations. 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