Mid-Year Review of Your Health Coverage Could Save You Money

And, how to use annuities for retirement paychecks. Created for {EMAIL} | [Web Version]( July 8, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Instagram ]( [Youtube]( [SIGN UP]( ⋅ [WEBSITE]( [] INTRODUCTION [] [Stepping Into A Mid-Year Health Insurance Review]( When I decided to get bunion surgery, I rushed to check on my health insurance deductible and whether I would be liable for more than the coinsurance for my procedure. I didn’t pay anything above the coinsurance amount, have now met my deductible and might hit my out-of-pocket maximum before I fix my other foot. If you’re like me and you’ve reached your deductible or are close to it, schedule appointments and elective procedures by the end of the year, before a new deductible kicks in for 2025. Kiplinger contributing editor Kimberly Langford shows you how [taking a mid-year inventory of your health insurance coverage will help you maximize your healthcare coverage and minimize your expenses](. - Donna LeValley, personal finance writer [How to Increase Cash Flow with 1031 Exchange]( Turn underperforming rentals into profitable assets with a 1031 Exchange DST. Invest in managed properties for higher income and growth. DSTs offer 5-8% returns and up to 30% tax savings. A $1M investment could yield about $318,000 in tax savings. [LEARN MORE]( ADVERTISEMENT [] INVESTING IN BONDS [] [Build a Bond Ladder to Buffer Your Portfolio From Lower Interest Rates]( [Build a Bond Ladder to Buffer Your Portfolio From Lower Interest Rates]( (Getty Images) You’ve heard of CD ladders — but have you heard of bond ladders? Kiplinger senior personal finance editor Jeffery R. Kosnett has [a bond ladder strategy you can use to hedge against falling interest rates on savings vehicles such as CDs](. He explains how to lock in the current rates without any near-term price risk. [] ANNUITIES [] [How to Use Annuities for Retirement Paychecks]( [How to Use Annuities for Retirement Paychecks]( (Getty Images) Annuities can both increase your savings and provide future retirement income. They have many benefits and a few stubborn drawbacks. Predictable income provides stability and peace of mind, however, annuities are illiquid and when you pass away, you will lose the income benefit. Here’s [how to decide whether an annuity is right for you — and sort through the options](. [Earn up to $2,500]( Enjoy premium, international banking with priority services and global support, and no HSBC fees on everyday transactions. Live, work, and travel with HSBC Premier privileges & status around the world. [Learn More]( ADVERTISEMENT [] SMARTER SAVING AND SPENDING [] [11 Money Habits Financial Experts Think People Should Cultivate]( [11 Money Habits Financial Experts Think People Should Cultivate]( (Getty Images) Whether you want to buy a house or retire in comfort, building the right habits is crucial to ensuring you have the tools you need to accomplish your goal. [Use these 11 money habits financial experts think more people should cultivate]( and learn why they are essential to building and maintaining true wealth throughout your life. [Stress-Test Your Retirement Plan with These 5 Steps]( Many people have a target number in mind when saving for retirement. Perhaps it's $1 million by age 55, or maybe it's $4 million by their mid-60s. Having a target number is a good start, but it does not tell the whole story. [Learn More]( ADVERTISEMENT [] OTHER KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [Summer activities that can impact your taxes]( Certain summertime fun might lower your taxable income. [Types of bond fund yields and what they mean]( Use this guide to help you demystify bond yields and choose the right fund for your needs. [How much do you really need to save for retirement?]( Enough retirement savings for one person might not be nearly enough for another or way too much for someone else. Here’s what to consider. [Prosper with the Latest Insights from Practicing Financial Pros in Kiplinger's Building Wealth E-Newsletter — Free]( ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. 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