3 Ways to Pay Less Taxes | 10 Ways to Generate Retirement Income | How This Retiree Built Her Nest Egg

Want to Retire on a Cruise Ship? What to Consider | Three Ways to Pay Less Taxes to Uncle Sam | One Retiree's Story of How She Built Her Nest Egg Created for {EMAIL} | [Web Version]( July 17, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Building Wealth]( [Youtube]( [Building Wealth]( [SIGN UP]( ⋅ [WEBSITE]( [] Retirement Planning [] [Want to Retire on a Cruise Ship? What to Consider]( [Want to Retire on a Cruise Ship? What to Consider]( (Getty Images) Before you decide to [spend your retirement on the high seas](, you might want to think about what you can afford, your ability to adapt to change and more. Attorney and consumer advocate H. Dennis Beaver offers some scenarios to help you decide. [] Taxes [] [Three Ways to Pay Less Taxes to Uncle Sam]( [Three Ways to Pay Less Taxes to Uncle Sam]( (Getty Images) Retirees especially could benefit from these [tax-efficient strategies](, courtesy of financial adviser Matt D'Amico, that focus on what you leave your heirs and what kind of accounts your money is in. [Boost Your Wealth with CRE 1031 Exchange Investments]( Maximize returns with 1031 exchange properties, averaging 7% annual distributions. Invest $600,000 for $42,000 yearly, about $3,500 monthly. Enhance income, enjoy tax benefits, and secure consistent cash flow for sustainable wealth. Ideal for stable growth. [LEARN MORE]( ADVERTISEMENT [] Investing [] [One Retiree's Story of How She Built Her Nest Egg]( [One Retiree's Story of How She Built Her Nest Egg]( (Getty Images) One way to build wealth is to max out your company's retirement plans, but doing it in [tax-efficient ways]( can make an even bigger difference. Financial planner Michael Aloi shares the story of how his client did it. 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]( [] Saving for Retirement [] [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. Investment adviser Jared Elson highlights what to consider. [Read More]( [7 Secrets About 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. Check out these 7 secrets comfortable retirees know about hiring an advisor, so you can work to potentially save years of stress. [See the list]( ADVERTISEMENT [] Financial Planning [] [10 Ways to Generate Retirement Income]( Financial professional Mike Decker details some of the benefits and drawbacks of each of 10 retirement income strategies so you can see which ones might work for you. [Read More]( [How to Help Your Retirement Savings Last]( 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 [] [Seven things you should leave out of your will, according to experts]( Are you unclear about what you should leave out of your will when estate planning? Legal experts share the seven items to exclude. [Should your financial advisor get involved in family conflicts?]( As an objective third party, your financial advisor could offer insight into financial issues to lessen conflict, but they're not a mediator. [Goals-based retirement planning is all about you]( Instead of focusing on arbitrary market returns, in goals-based planning you focus on your personal needs and wants for your retirement. 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. 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