Ways to Give to Your Kids Tax-Free While You’re Still Alive, Don’t Let High Interest Rates Seduce You, What Happens When You Work One More Year?

What Not to Do if an Employee or Loved One Is Kidnapped | Help Us Help You Better | Why You Shouldn't Let High Interest Rates Seduce You Created for {EMAIL} | [Web Version]( April 17, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Building Wealth]( [Youtube]( [Building Wealth]( [SIGN UP]( ⋅ [WEBSITE]( [] Small Business [] [What Not to Do if an Employee or Loved One Is Kidnapped]( [What Not to Do if an Employee or Loved One Is Kidnapped]( (Getty Images) Businesses need to [have a crisis plan in place]( so that everyone knows what to do. Attorney H. Dennis Beaver gets tips from Order Out of Chaos author Scott Walker, an experienced kidnap-for-ransom negotiator. [] Take Our Survey [] [Help Us Help You Better]( [Help Us Help You Better]( (Kiplinger) We want to better understand our readers so we can provide the kind of stories you want on the financial topics that matter most to you. You're invited to take a [2-minute survey]( to tell us your interests. Your replies are entirely confidential, they will not be shared with any third party, and none of the answers are personally identifiable. [Click here to start, thanks](! [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 [] Saving [] [Why You Shouldn't Let High Interest Rates Seduce You]( [Why You Shouldn't Let High Interest Rates Seduce You]( (Getty Images) While increased interest rates are improving the returns on high-yield savings accounts, that may not be an effective place to [park your money for the long term](, according to financial expert Kelly LaVigne. 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]( [] Retirement Planning [] [What Happens Financially When You Work One More Year?]( Financial planner Andrew Rosen details the staggering impact of saving more, spending less later and benefiting from an extra year or more of compounding. [Read More]( [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 [] Estate Planning [] [Ways to Give to Your Kids Tax-Free While You're Still Alive]( Financial planner Evan T. Beach explains how parents can see the positive impact of their giving through tax arbitrage, giving cash (within limits) or directly paying for school or medical expenses. [Read More]( [7 Mistakes to Avoid When Hiring an Advisor]( Working with a financial advisor can be a crucial part of retirement planning. But choosing the wrong one can wreak havoc on your investments. Here are 7 common mistakes to avoid when hiring a financial advisor so you can work towards a more comfortable retirement. [Learn More]( ADVERTISEMENT [] RELATED KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [Need to build an emergency fund? Seven steps to get there]( Having a safety net can mean peace of mind on top of being able to maintain your lifestyle if a financial emergency strikes. [Which type of life insurance is right for you?]( Life insurance isn't a one-size-fits-all option. Find out the differences between term life, whole life and indexed universal life insurance. [Can language apps teach you to speak a foreign language?]( Your expectations might be too high if you think an online language platform can teach you to have a meaningful conversation in a foreign language. 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