Things Solo Agers Must Do Now, All About Domestic Asset Protection Trusts, Legit Reasons to Take Social Security Early

Four Things That Impact the Financial Plans of Everyone | Taming Risk: Offensive vs Defensive Investing Strategies | Ins and Outs of Domestic Asset Protection Trusts (DAPTs) Created for {EMAIL} | [Web Version]( May 22, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Building Wealth]( [Youtube]( [Building Wealth]( [SIGN UP]( ⋅ [WEBSITE]( [] Financial Planning [] [Four Things That Impact the Financial Plans of Everyone]( [Four Things That Impact the Financial Plans of Everyone]( (Getty Images) You can control some factors (how much you save), but others you can't (how long you live), so there's [good news and bad news]( here, courtesy of financial planner Andrew Rosen. [] Retirement Planning [] [Taming Risk: Offensive vs Defensive Investing Strategies]( [Taming Risk: Offensive vs Defensive Investing Strategies]( (Getty Images) As you plan for retirement, it's important to know what level of financial risk you're taking with your investments. Financial professional Joel V. Russo goes into [how to manage that risk](. [What's the Best Way to Lower RMD Taxes?]( 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. Check out these 6 strategies to help potentially lower your tax bill. [Learn more]( ADVERTISEMENT [] Estate Planning [] [Ins and Outs of Domestic Asset Protection Trusts (DAPTs)]( [Ins and Outs of Domestic Asset Protection Trusts (DAPTs)]( (Getty Images) You can create this type of self-settled irrevocable trust to [protect your assets for yourself](, rather than for someone else, but there are limits, according to estate planning attorney Rustin Diehl. 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]( [] Social Security [] [Four Actually Legit Reasons to Take Social Security Early]( Don't take a non-expert's advice on when to claim Social Security benefits -- they don't know everything about your unique situation. Financial planner Evan T. Beach offers four scenarios where it makes the most sense to file early. [Read More]( [Create your private memoirs]( A unique gift for you, your loved ones and generations to come. Capture your memories through face-to-face interviews and present them in beautifully printed and traditionally hand-bound books. It's surprisingly easy and enjoyable. Call LifeBook Memoirs today on (844) 399-0426. [Learn More]( ADVERTISEMENT [] Retirement Management [] [No Kids to Rely On? What Solo Agers Must Do Now]( If you don't have children or a support system of close friends nearby, you face some special challenges. Financial adviser Thomas C. West recommends answering these seven questions for peace of mind. [Read More]( [Do you Need Help Balancing Your Retirement Goals?]( Spending your hard earned retirement money can be complicated—and it's important to make the right decisions that will help your savings last. Vanguard Personal Advisor is built to provide you an ongoing collaboration with our professional advisors — so you can retire with the support you need. [LEARN MORE]( ADVERTISEMENT [] RELATED KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [Disgusted with your savings interest rate? Time to switch]( If your money is parked in a low-rate savings account, you could be earning hundreds or even thousands more by switching to one of these three options instead. [How (and why) to talk money at your family dinner table]( Believe it or not, your teenagers want to hear what you have to say about money and your family's financial decisions. But be willing to listen, too. [Do you know what DEI actually is?]( So many people don't understand what DEI (diversity, equity, inclusion) really means, and that has led to some misconceptions about its relevance. For the latest ways to earn 5% to 7% cash yield safely and reliably, plus 4 Model Portfolios to show you exactly where to put your money, bank on [Kiplinger Investing for Income]( 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:alerts@kiplinger.com) | [ADVERTISE]( [Future]( Future US LLC © Full 7th Floor, 130 West 42nd Street, New York, NY, 10036