Three Ways to Prepare for Long-Term Care Expenses | Do 1031 Exchanges Make Sense for Baby Boomers? | A Different Approach to Your Mortgage in Retirement

Why Do You Feel So Poor? | Benefits of Permanent Life Insurance in Your Estate Plan | Do 1031 Exchanges Make Sense for Baby Boomers? Created for {EMAIL} | [Web Version]( September 1, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Building Wealth]( [Youtube]( [Building Wealth]( [SIGN UP](format=multipart) ⋅ [WEBSITE]( [] Personal Finance [] [Why Do You Feel So Poor?]( [Why Do You Feel So Poor?]( (Getty Images) Many Americans believe they are [worse off than they were]( before the pandemic, but the truth is that economic conditions are pretty good right now. Financial literacy expert Neale Godfrey explores what's up. [] Insurance [] [Benefits of Permanent Life Insurance in Your Estate Plan]( [Benefits of Permanent Life Insurance in Your Estate Plan]( (Getty Images) Financial professional Rich Guerrini highlights how permanent life insurance provides liquidity and tax-free benefits that can bring [peace of mind]( to policyholders. [6 Things Not to Do When Selecting a Financial Advisor]( Working with a financial advisor can be a great first step to helping make sure you're on track to reach your retirement goals. But choosing the wrong one could wreak havoc. Check out these 6 things not to do when choosing a financial advisor, so you can work to potentially avoid years of stress. [See the list]( ADVERTISEMENT [] Taxes [] [Do 1031 Exchanges Make Sense for Baby Boomers?]( [Do 1031 Exchanges Make Sense for Baby Boomers?]( (Getty Images) Financial planner Evan T. Beach presents four scenarios in which a 1031 exchange to [defer capital gains taxes]( would be worth exploring if you're a Baby Boomer selling property. [] Retirement Planning [] [A Different Way to Approach Your Mortgage in Retirement]( Conventional wisdom says don't carry any mortgage into retirement, and if you can manage that debt-free feat, good for you. But here are other options, courtesy of investment adviser Jerry Golden. [Read More]( [Prepare For Retirement Using a Dividend Growth Investment Strategy]( If you invested in an S&P 500 index fund starting in January 2000 until September 2020 your average annualized return would have been 4.2%, a cumulative return of 136%. But if you reinvested all dividend payments your annualized return would have been 6.2%, a cumulative return of 247%. Just reinvesting dividends would have nearly doubled your gains. [READ MORE]( ADVERTISEMENT [] Health Care [] [Three Ways to Prepare for Long-Term Care Expenses]( It's likely that most of us will need some kind of long-term care as we age, so it'd be a good idea to start planning for those expenses now. Financial planner Tony Drake suggests three ways to get started. [Read More]( [] RELATED KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [Seven ways to manage your financial stress]( If your finances are stressing you out, you're not alone. Start here to find out how to deal with your financial stress one step at a time. [How to roll over your 401(k) without costly regrets]( Rolling your 401(k) over to an IRA the wrong way could cost you big-time in taxes and penalties. It's worth it to consult a professional first. [Direct tuition payments: A tax-efficient way to pay for school]( If you pay tuition for someone else directly to a college, graduate school, preschool or private school, that money is not subject to the gift tax. From building wealth for a secure retirement or investing wisely in any market to money-saving tax planning and much more – [sign up to explore more free e-newsletters here](. 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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