Six Essential Retirement Strategies for Baby Boomers, Take a Break Without Breaking the Bank, Details That Matter for a Successful Retirement

How Will the 2024 Election Impact Your Retirement? | Six Essential Retirement Strategies for Baby Boomers | How to Take a Break Without Breaking the Bank Created for {EMAIL} | [Web Version]( May 12, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Building Wealth]( [Youtube]( [Building Wealth]( [SIGN UP]( ⋅ [WEBSITE]( [] Politics [] [How Will the 2024 Election Impact Your Retirement?]( [How Will the 2024 Election Impact Your Retirement?]( (Getty Images) Investment adviser Barry H. Spencer says investors should expect volatility but also try not to overreact to news. To prepare, [focus now on tax minimization](, protecting your portfolio and more. [] Retirement Planning [] [Six Essential Retirement Strategies for Baby Boomers]( [Six Essential Retirement Strategies for Baby Boomers]( (Getty Images) Emergency funds, estate plans, different kinds of insurance and smart investing strategies are all parts of [a strong retirement plan](. Estate planning lawyer Justin Stivers shares how they all work together. [Help Maximize your Social Security Benefits]( A comprehensive retirement plan should account for all of your sources of income (including Social Security) and all of your retirement expenses. Our advisors can help you make sure you don't miss anything. [LEARN MORE]( ADVERTISEMENT [] Personal Finance [] [How to Take a Break Without Breaking the Bank]( [How to Take a Break Without Breaking the Bank]( (Getty Images) Investment adviser Jared Elson recommends setting savings goals and a budget and including the kids in the planning to [make your vacation more relaxing]( and less stressful. [] Financial Planning [] [Guide to Military Benefits for Retirement, Pay and Savings]( Benefits for those who serve in the U.S. military can sometimes be complex and confusing. Financial adviser Zach Mindel details what to know about how to optimize some of them. [Read More]( [How Do I Plan for RMDs?]( If you have tax-deferred retirement accounts, you'll need to take required minimum distributions (RMDs) eventually. If not properly planned for, these distributions could take a tax toll on your retirement nest egg. Find out how to plan for RMDs, so you can help potentially avoid hefty fines. [LEARN MORE]( ADVERTISEMENT [] Saving for Retirement [] [Three Details That Matter for a Successful Retirement]( Many people skip over retirement planning specifics that could help them create a stronger plan that would better match their needs. Here's how to not do that, courtesy of financial planner Mark Gelbman. [Read More]( [How to Earn a Tax-Advantaged 10% Dividend Yield]( The average annual return of commercial real estate over 20 years is roughly 9.5%, nearly 1% greater than the S&P 500's average annual return of 8.6%. The CRE Income Fund pays an annual 10% dividend yield and is a long-term strategy that returns over $25,000 for every $10,000 invested over the next ten years. [READ MORE]( ADVERTISEMENT [] RELATED KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [I asked an unresponsive lawyer if he was OK, and he woke up]( A previous article by attorney H. Dennis Beaver struck a chord with readers internationally, and his advice has worked well. [How women can increase odds of saving enough for retirement]( Pursuing financial literacy and taking advantage of savings opportunities, such as employer-offered 401(k)s, can give women saving for retirement a leg up. [How a donor-advised fund can give your charitable giving a boost]( Save on taxes and donate more to your favorite charities by using a donor-advised fund, or DAF. Find out how to maximize your giving with this strategic approach. 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