Estate Planning for Millionaires

And, when is the next Fed meeting? Created for {EMAIL} | [Web Version]( July 25, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Instagram ]( [Youtube]( [SIGN UP]( ⋅ [WEBSITE]( [] INTRODUCTION [] [Stepping Into Shopping at Trader Joe’s]( Trader Joe’s is one of my favorite places to shop for groceries because of their fantastic prices, selection and customer service. The availability of gluten-free and vegan options at reasonable prices is another draw for my picky tastes. The experts at Kiplinger have put everything you need to know to save money and shop smarter into this [list of 18 Things You Should Know Before Shopping at Trader Joe’s](. Don’t forget their generous return policy makes trying new foods risk-free. - Donna LeValley, personal finance writer [Financial experts + automated tech]( While you focus on what's important to you, Betterment is working behind the scenes to optimize your investments and make your money hustle. [Learn More]( ADVERTISEMENT [] ESTATE PLANNING [] [Estate Planning for Millionaires]( [Estate Planning for Millionaires]( (Getty Images) Estate planning for millionaires and high-net-worth families is complex. Larger estates tend to have multiple homes, business interests, bank and investment accounts, cars, boats, jewelry, and other assets increasing the scope and level of necessary planning. Did you know that the financial services industry has a classification for wealthy clients? Learn [why setting up your team, paperwork, and tax plan is important]( and how it ensures that your beneficiaries get what you set aside for them and minimizes the tax liability for everyone. [] LONG-TERM CARE INSURANCE [] [4 Tax-Friendly Ways to Pay for Long-Term Care Insurance]( [4 Tax-Friendly Ways to Pay for Long-Term Care Insurance]( (Getty Images) From 2021 to 2022, the cost of staying at an assisted living facility rose by 19%. The cost may grow at different paces year to year, but it will likely never go down. Long-term care insurance can solve a lot of problems – especially because [Medicare](, [Medigap]( and most other health insurance don’t pay for long-term care. We have [four tax-friendly ways to offset the cost of this important insurance coverage](. [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 [] CAR LOANS [] [How to Avoid a Big Hassle if Your Financed Car Gets Wrecked]( [How to Avoid a Big Hassle if Your Financed Car Gets Wrecked]( (Getty Images) Car loans are secured by a lien on the car giving the lender the right to repossess the vehicle if you fail to make timely payments. If you are in an accident and receive a payout for repairs you should proceed carefully. Attorney Dennis Beaver tells you [why you are better off involving your lender at the start of the process and the consequences of going it alone](. [Vanguard vs. Fidelity vs. Schwab]( Who are you partnered with? It's no secret these could be considered three of the most popular brokerage firms. But they stack up slightly differently when it comes to fees and their specific suite of services. Learn more about who should work with Vanguard, Fidelity, and Schwab. [See the comparison]( ADVERTISEMENT [] OTHER KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [When is the next Fed meeting?]( Learn what experts expect from the FOMC at the next Fed meeting. [Check off these 4 financial tasks to finish 2024 strong]( The new year is a popular time to set financial goals, but midyear is the ideal time to check how you're doing. Four tweaks could make a big difference. 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