3 Tax Free Ways to Transfer Wealth, How Charitable Remainder Trusts Can Replace Stretch IRAs, 5 Best Fidelity Mutual Funds

What Happens Financially When You Work One More Year? | Three Ways to Give to Your Kids Tax-Free While You re Still Alive | Charitable Remainder Trust: The Stretch IRA Alternative Created for {EMAIL} | [Web Version]( April 18, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Instagram]( [Retirement Tips]( [SIGN UP]( ⋅ [WEBSITE]( [] Timing Your Retirement [] [What Happens Financially When You Work One More Year?]( [What Happens Financially When You Work One More Year?]( (Getty Images) An [extra year of work can “move the needle”]( and change the landscape of your impending retirement. It adds more income and reduces the cost of your retirement. CFP Andrew Rosen stresses using financial modeling to provide an understanding of your finances and financial decisions. [] Tax-Free Transfers [] [Three Ways to Give to Your Kids Tax-Free While You’re Still Alive]( [Three Ways to Give to Your Kids Tax-Free While You re Still Alive]( (Getty Images) There are ways to deplete your estate and enrich your children (and grandchildren) without incurring a tax bill. CFP Evan T. Beach gives you [three ways to make tax-free transfers during your lifetime](. Your heirs can benefit now, and you are around to see them enjoy the fruits of your labor and planning. [Long Term Care Insurance: Dealing with a Claim or Premium Rate Increase?]( Are you struggling with a Long Term Care Insurance claim or don't know where to start? Are you dealing with double-digit Premium Rate increases and need to make some changes but are not certain what to do? These 2 Guides "Filing & Managing a Long Term Care Insurance Claim" & "Dealing with Premium Rate Increases" will be of enormous help. [Click Here]( ADVERTISEMENT [] Estate Planning Options [] [Charitable Remainder Trust: The Stretch IRA Alternative]( [Charitable Remainder Trust: The Stretch IRA Alternative]( (Getty Images) The SECURE Act upended many estate plans by changing the distribution rules for inherited IRAs. The stretch IRA allows your heirs to enjoy the tax-deferred growth of inherited retirement funds over their lifetimes. CFP Brandon Mather has [a substitute for the defunct stretch IRA]( to avoid the forced depletion of an inherited IRA in 10 years. [] Take Our Survey [] [Help Us Help You Better]( [Help Us Help You Better]( (Getty Images) 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. 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[Click to see table of contents.]( [] Mutual Funds [] [The 5 Best Actively Managed Fidelity Funds to Buy Now]( [The 5 Best Actively Managed Fidelity Funds to Buy Now]( (Getty Images) If you are looking for a great way to diversify your portfolio during retirement — you’ve found it. Mutual funds are highly liquid and easy to trade. Our investing experts made these selections because they believe [these five funds can outperform in the current high-inflationary, high-interest rate environment that we are currently in](. [Have This Much Money? You May Want a Financial Advisor]( Money can't buy happiness, but research finds that if you have this much in household assets, hiring a financial advisor could help heighten your satisfaction levels. Just how much money do you need? 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