Smart and Lucrative Ways to Store Extra Cash | 6 Worst Assets to Inherit | Gold in Retirement Planning?

Five Smart Ways You Should Store Your Cash | How a Roth Conversion Can Spare You From Medicare s IRMAA and Taxes | You Don't Want to Inherit These Six Assets Created for {EMAIL} | [Web Version]( August 11, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Instagram]( [SIGN UP]( ⋅ [WEBSITE]( [] Top Story [] [Five Smart Ways You Should Store Your Cash]( [Five Smart Ways You Should Store Your Cash]( (Getty Images) There are all kinds of options to hold your money, and the ones you choose can dramatically affect your balance at the end of the year. After considering the 2024 economic forecast, [we determined the best ways to store your cash this year]( in particular, as well as the pros and cons associated with each method. [] Retirement Plans [] [How a Roth Conversion Can Spare You From Medicare’s IRMAA and Taxes]( [How a Roth Conversion Can Spare You From Medicare s IRMAA and Taxes]( (Getty Images) If you've been a good saver and face large required minimum distributions (RMDs), then [you need to plan for how to head off or limit higher Medicare premiums](, writes financial planner Joe Schmitz. [Banks Offering Over 4% Interest Savings Accounts]( Start reaping the benefits of High Yield Savings. Lock in your rate now: Open an account online here. [READ MORE]( ADVERTISEMENT [] Inheritance [] [You Don't Want to Inherit These Six Assets]( [You Don't Want to Inherit These Six Assets]( (Getty Images) The total value of an inheritance is not just a dollar figure; what's actually in an estate can matter significantly. Trillions of dollars will transfer from one generation to the next in the coming decades, but not everyone will see their inheritance as a help; for some, [it may be a headache](. [] Personal Finance [] [Seven Things to Do Right Away If You're a Victim of a Data Breach]( [Seven Things to Do Right Away If You're a Victim of a Data Breach]( (Getty Images) A database of almost 3 billion people's personal information was stolen from National Public Data early this week. Unfortunately, data breaches have become all too common and leave unsuspecting consumers vulnerable to a host of identity theft issues. To help combat this, we've combed through our archive of tried-and-true advice, spoken with industry experts, and reviewed the Federal Trade Commission's consumer tips to find out what [steps you should take immediately after discovering you're a data breach victim](. [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]( [] Successful Retirement Planning [] [Does Gold Belong in Your Retirement Plan?]( There’s something sexy about a shiny gold bar, but should you go for the glitter? If you're tempted, a four-pronged investing approach could be best, says financial adviser Michael Joseph. [Read More]( [] Credit Cards [] [Best Rewards Credit Cards August 2024]( The best rewards credit cards can give you 2% or more cash back. Or earn miles and travel benefits for your next vacation. [Read More]( [Maximize Returns with Self-Directed IRAs]( Leverage a Self-Directed IRA to invest in private REITs. Benefit from tax advantages, deferred capital gains, and diversified assets. Enjoy higher returns and consistent income growth. Invest in stable commercial and industrial real estate to build a strong and secure retirement strategy with CRE Income Fund. [READ MORE]( ADVERTISEMENT 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. Our [flagship publications]( include [Kiplinger Personal Finance]( magazine, [The Kiplinger Letter]( [The Kiplinger Tax Letter]( [Kiplinger Retirement Report]( and [Kiplinger Investing for Income.]( All are regarded as the leading publications in their respective fields. 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