Reverse Mortgages and Gray Divorce | How Social Security Credits Work | A Financial Planner on Your Money and the Election

The Different Flavors of Long-Term Care Insurance | What Are Social Security Credits, and How Do They Work? | Five Ways to Approach Impact Investing Created for {EMAIL} | [Web Version]( August 25, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Building Wealth]( [Youtube]( [Building Wealth]( [SIGN UP]( ⋅ [WEBSITE]( [] Health Care [] [The Different Flavors of Long-Term Care Insurance]( [The Different Flavors of Long-Term Care Insurance]( (Getty Images) There are two types: Traditional policies are like good old vanilla ice cream. Hybrid policies are topped with interesting options. [Both have pros and cons](, outlined here by financial professional Joel V. Russo. [] Social Security [] [What Are Social Security Credits, and How Do They Work?]( [What Are Social Security Credits, and How Do They Work?]( (Getty Images) You have to earn a certain amount of money for a certain amount of time in order to be eligible to [collect Social Security benefits](. Financial professional Patrick M. Simasko explains how it all works. [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 [] Investing [] [Five Ways to Approach Impact Investing]( [Five Ways to Approach Impact Investing]( (Getty Images) Impact investing focuses on measurable social and environmental impact as well as a financial return. Financial professionals Catherine Crystal Foster and Patrick Briaud say now's a great time to [test the impact investing waters](. [] Marriage & Divorce [] [Would a Reverse Mortgage Work for Your Gray Divorce?]( If you're getting a divorce but are reluctant to sell your home or can't afford to buy out your spouse's half, a reverse mortgage could be a solution, according to financial professional Andrew Hatherley. [Read More]( [Overly Invested in Equities? Consider This Alternative]( Generate attractive tax-advantaged income and long-term capital appreciation that provides diversification away from the broader stock market. The CRE Income Fund pays an annual 10% dividend yield and is a long-term strategy that returns over $25,000 for every $10,000 invested and compounded annually over the next ten years. [READ MORE]( ADVERTISEMENT [] Financial Planning [] [Five Thoughts About the Election From a Financial Planner]( Here are some predictions from financial planner Evan T. Beach, based on a lot of historical evidence, about what's coming in relation to your money as we approach the election. [Read More]( [5 Money-Management Tips for International Travelers]( Maximize your travel rewards and avoid foreign transaction fees. Get favorable exchange rates and earn cash back on every purchase. Travel smart, protect your finances, and enjoy seamless banking worldwide with 24/7 global support. [Learn More]( ADVERTISEMENT [] RELATED KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [Five early retirement mistakes to avoid]( These early retirement mistakes can douse your FIRE (Financial Independence, Retire Early) efforts. [Use the 529 grandparent loophole to maximize college savings]( Thanks to an overhaul of the processes used to award federal student aid, grandparents can now take advantage of what's called the "grandparent loophole." [We're only human, which can be a problem for investors]( To avoid making common financial mistakes, investors must understand how human nature can lead them astray. The funny thing is human help can be the answer. 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