Should Your 401(k) Be Eliminated for SS Benefits?, Financial Literacy Month Isn’t Working...

Should Your 401(k) Be Eliminated to Save Social Security Benefits? | Why Financial Literacy Month Still Isn t Working | If You'd Put $1,000 Into Disney Stock 20 Years Ago, Here's What You'd Have Today Created for {EMAIL} | [Web Version]( May 9, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Instagram]( [SIGN UP]( ⋅ [WEBSITE]( [] Top Story [] [Should Your 401(k) Be Eliminated to Save Social Security Benefits?]( [Should Your 401(k) Be Eliminated to Save Social Security Benefits?]( (Getty Images) Several economists have proposed abolishing tax-sheltered savings plans like 401(k)s and IRAs to bolster Social Security and argue that [tax-advantaged retirement plans are not as beneficial as they seem](. [] Personal Finance [] [Why Financial Literacy Month Still Isn’t Working]( [Why Financial Literacy Month Still Isn t Working]( (Getty Images) Total credit card debt stands at $1.13 trillion while student loan debt is $1.7 trillion. These alarming figures indicate that Americans’ debt isn’t slowing down. Accountant Howard Dvorkin [discusses the reasons behind the continued growth of debt in America and proposes solutions to address the issue](. [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 [] Investing [] [If You'd Put $1,000 Into Disney Stock 20 Years Ago, Here's What You'd Have Today]( [If You'd Put $1,000 Into Disney Stock 20 Years Ago, Here's What You'd Have Today]( (Getty Images) The bottom fell out earlier this week when [DIS reported quarterly earnings](. Shares sold off sharply after the media and entertainment giant's revenue came up short of Wall Street's expectations for its fiscal second quarter. [] Successful Estate Planning [] [Simple Steps to Sorting Out Your Asset Allocation]( [Simple Steps to Sorting Out Your Asset Allocation]( (Getty Images) Investing decisions can be daunting, but following [this five-step process]( can make it easier to figure out how to allocate your investments, writes retirement consultant Carol Bogosian. [Top 5 Wealth Management Firms in the US]( If you're looking for help with wealth management, retirement, or tax planning, finding the top financial advisor in the United States means choosing between thousands of options. Check out the list of top 5 firms in the US for individual investors. [See the list]( 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]( [] State Tax [] [10 States With the Highest Sales Taxes]( These states have the highest sales tax rates in the U.S., but do they really? Learn what taxes look like before you shop. [Read More]( [] Careers [] [Worried About Layoffs? Six Steps to Ease Your Financial Fears]( Having a plan in place can give you peace of mind during a crisis. [Read More]( [The only 3% retirement boost]( An individual retirement account (IRA) is a way to invest for the future with tax advantages. Robinhood offers up to a 3% retirement match for investors who contribute to an IRA and subscribe to Robinhood Gold. [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