What to Know About RMDs | T-Bills vs Bonds | How Experts View the Latest Fed Meeting

Plus, estate planning strategies to consider as the election nears Created for {EMAIL} | [Web Version]( August 2, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Instagram]( [SIGN UP]( ⋅ [WEBSITE]( [] Top Story [] [What to Know About Required Minimum Distributions (RMDs)]( [What to Know About Required Minimum Distributions (RMDs)]( (Getty Images) You've taken many years diligently saving up for your retirement, following the rules on contribution limits and Roth conversion, and now it's time to enjoy the spoils of your plans. But before you go thinking too far ahead, [have you figured out your required minimum distributions (RMDs)?]( Of course, if you need more detailed information, it's best to seek guidance from a qualified financial adviser or tax professional, but senior tax editor Kelley Taylor provides a good framework to understand what you need to know. [] Personal Finance [] [Here’s What Experts Have to Say About the Latest Fed Meeting]( [Here s What Experts Have to Say About the Latest Fed Meeting]( (Getty Images) All eyes are on the fall in the wake of the latest announcement from Fed Chair Jerome Powell this week. The federal funds rate has been held steady for what feels like forever, to many waiting in the wings of investing or homebuying. So, what did experts learn from this week’s meeting and when can we expect things to change? See [what the analysis is from this week’s Fed meeting](. [This Billion Dollar Startup Wants to Help You Retire]( This Princeton grad's startup raised $161 million to help people plan for retirement. If you're one of the whopping 110 million Americans over the age of 50, or wisely planning ahead, SmartAsset's no-cost tool can help match you with up to 3 vetted financial advisors. [Learn more]( ADVERTISEMENT [] Taxes [] [Clever Ways to Qualify for Roth IRA Contributions]( [Clever Ways to Qualify for Roth IRA Contributions]( (Getty Images) Is your income too high to qualify for Roth IRA contributions? There is still time to lower your taxable income from last year and make a contribution. Making other changes may also help reduce this year's taxable income when it comes time to file next year. Here, Kiplinger brings you seven [tips to get you to a Roth IRA contribution]( — and if those fail, we have one more idea. [] Estate Planning [] [Estate Planning Strategies to Consider as Election Nears]( [Estate Planning Strategies to Consider as Election Nears]( (Getty Images) After a rocky start to the summer, it feels like this election season is in full swing, with lots of twists and turns to follow every day of the week. [An election doesn't just determine who gets to live in the White House — there are downstream effects on tax and economic policy](, and elections on the congressional and local level have important impacts as well. [Your IRA, made to order]( Choose where and when you want to retire, and a Betterment IRA can help make your money hustle all the way there. [Learn More]( ADVERTISEMENT Featured Content Sponsored Content from Kiplinger Personal Finance Magazine [Build wealth. Cut taxes. Retire rich.]( Get a [FREE ISSUE]( of Kiplinger Personal Finance magazine, and save up to 74% to subscribe. Includes special issues such as Investing Outlook, Retirement Planning, Mutual Fund Roundup, and Guide to ETFs. Count on Kiplinger for trustworthy help to make more money, keep more of the money you make, and live a financially secure life. [CLICK HERE]( [] Buying a Home [] [Calculate Monthly Mortgage Payments]( Mortgage rates have been at high levels as compared to the recent past as the Federal Reserve has held rates steady for several cycles. With this week's announcement for the Fed, how have mortgage rates changed, if much at all, and how are the rates trending? Those minor adjustments in rates can have a major impact on your monthly payments. Use our calculator to see the implications [Read More]( [] How to Save Money [] [Know the Difference Between Treasury Bills and Treasury Bonds]( The Fed also has an impact on Treasury bills and bonds – but how, exactly? And what is the difference between the two anyways? These are key tools to use for your investment decisions, so it’s important to understand what’s what. It doesn’t have to be complicated; sometimes you just need a refresher. 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