Medicare Tax: 5 Things Every Worker Needs to Know | Graduation Gifts to Build Good Money Habits | Should You Rent in Retirement?
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[] Your Medicare
[] [Medicare Tax: 5 Things Every Worker Needs to Know](
[Medicare Tax: 5 Things Every Worker Needs to Know]( (Getty Images)
While many are familiar with [Medicare]( coverage, understanding Medicare tax, which involves everything from mandatory payroll deductions to additional [taxes for high earners](, is equally important for all workers, including those who are self-employed. [] Family Money
[] [Graduation Gifts to Build Good Money Habits](
[Graduation Gifts to Build Good Money Habits]( (Getty Images)
Want a memorable graduation gift for a high school or college student? Ditch the fancy pen or jewelry and opt for [creative financial gifts](. But that doesn't necessarily mean showering the new graduate in your life with lots of money, especially [if you're crunched for cash yourself](. [7 Mistakes People Make When Hiring a Financial Advisor](
Working with a financial advisor can be a crucial part of any healthy retirement plan. But choosing the wrong one could wreak havoc. Avoid these 7 mistakes when hiring an advisor, so you can work to potentially save years of stress. See the list. [See the list]( ADVERTISEMENT [] Cost of Living
[] [Should You Rent in Retirement?](
[Should You Rent in Retirement?]( (Getty Images)
Now that the kids are gone, you no longer need a five-bedroom home with a big backyard. It's expensive, too. But when it comes [time to downsize](, you need to make an important decision: should you [rent in retirement](? [] Investment Strategy
[] [Is Investing In Gold Worth It?](
[Is Investing In Gold Worth It?]( (Getty Images)
Gold prices might be at record highs, but ask any veteran goldbug about [investing in the precious metal]( and they'll likely caution you that it will too often break your heart. Here are some critical nuggets you must [know before betting on the gold market](. [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 Featured Content Sponsored Content from Kiplinger Retirement Planning 2024
[Plan and enjoy a worry-free retirement.](
Whether you've already left the workforce or you're just beginning to think about it, [Kiplinger Retirement Planning 2024]( will show you how to maximize your 401(k), select top-performing investments, get the most from Social Security, protect your estate, ensure affordable top-notch health care and much more. [Click to see table of contents.](
[] Extra Income
[] [Hobby Income: What It Is and How It's Taxed](
[Hobby Income: What It Is and How It's Taxed]( (Getty Images)
Hobby income differs from other types of income (like self-employment income and income from your side hustle), and the IRS taxes each type differently. Reporting your [hobby income]( in incorrectly can create processing delays or [tax penalties](, so it's important to get it right. [You don't have to be famous to tell your story](
Have you ever thought about the impact your life could have on future generations of your family? Sharing your life story in your private memoirs captured in a beautiful set of handcrafted books is a wonderful way to leave a legacy that your loved ones will cherish. Call (844) 399-0426 today. [Learn More]( ADVERTISEMENT [] Retirement Plans
[] [What to Know Before You Inherit an IRA](
[What to Know Before You Inherit an IRA]( (Getty Images)
Inheriting an IRA presents challenges that demand adequate planning and strategies. Antwone Harris, MBA, explains how the SECURE Act and, more recently, [SECURE 2.0 Act]( have ushered in sweeping changes to retirement and estate planning, especially for those [inheriting retirement accounts](. [] RELATED KIPLINGER ARTICLES WE THINK YOU'LL ENJOY
[] [34 Best Amazon Prime Benefits to Use in 2024](
It's always worth considering whether you're making the most of your Prime benefits, especially since the cost of an Amazon Prime annual membership keeps going up.
[Americans Consider This the Best Long-Term Investment -- and It's Not Stocks](
These days, it feels like there's not a lot Americans agree with each other on, but we do seem to have one shared investing obsession. [Sign up free for A Step Ahead: Guidance on how to navigate today's challenges to business, the economy, and financial markets.]( ABOUT KIPLINGER
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