SPACs 101: What Is a SPAC, And How Does It Work?

Plus: This One Asset Is Critical to Any Financial Plan. Prosper with Kiplinger's daily digest of timely, trusted advice [View in browser]( [Prosper with our daily digest of timely, trusted advice]( JULY 8, 2021 [SPACs 101: What Is a SPAC, And How Does It Work?]( Why the buzz around special purpose acquisition companies (SPACs)? Here's everything you need to know about these "blank-check" firms. Plus: [12 Hot Upcoming IPOs to Watch For in 2021]( [READ MORE]( [PODCAST: How to Get a Car Deal in a Crazy Market with Karl Brauer]( As used car values soar, the old rules of how to get the best price still hold. Plus: [Disrupters Are Driving the Car Market]( [READ MORE]( SPONSORED CONTENT FROM THE ASCENT [Why Thousands Are Lining up for This Card]( [These are Your 3 Financial Advisors in Your Area]( Not only does this card offer 0% intro APR for over a year, cardholders can also earn up to an industry-crushing 5% bonus cash back. So whether you want to eliminate credit card interest until late 2022, or secure the highest cash back rate we've found, this card is for you. [READ MORE]( [It May Be Unsexy, But This One Asset Class Is Critical to Any Financial Plan]( You can’t afford to forget about cash when planning for your wealth. Financial adviser Derek Ripp gives some guidelines to help manage this often-overlooked asset class. Plus: [Are You Financially Resilient? 5 Steps to Boost Your Economic Security]( [READ MORE]( [When Will Monthly Child Tax Credit Payments Arrive?]( Parents have been waiting for the 2021 child tax credit payments since March. Here's when you can expect them to arrive in your bank account each month. Plus: [When to Opt-Out of Monthly Child Tax Credit Payments]( [READ MORE]( SPONSORED CONTENT FROM SMARTASSET [7 Mistakes Comfortable Retirees Know to Avoid]( Working with a financial advisor is a crucial part of any retirement plan, but most people make these avoidable mistakes when hiring one. [READ MORE]( [How to Beat Inflation and Reduce Risk at the Same Time]( Retirees and pre-retirees are vulnerable to both market losses and inflation, so what can they do? Retirement-income expert Ken Nuss wants you to start by splitting your savings among three buckets: safety, safety plus growth, and growth. Plus: [5 Best Mutual Funds to Fight Inflation]( [READ MORE]( [Worst Things to Keep in Your Wallet]( Storing your passport book or card, a spare key, or any of these other important items in your wallet leaves you open to identity theft -- or worse. Plus: [Scam Alert: 4 Types of Fraud That Target the Elderly (and How to Beat Them)]( [READ MORE]( SPONSORED CONTENT FROM KIPLINGER [Stop Overpaying on Your Taxes. Guaranteed.]( [These are Your 3 Financial Advisors in Your Area]( Never pay one cent more than necessary, for yourself or your clients. It sounds simple, but how do you keep pace with all the recent tax law changes? To start, [get your free copy of New Tax Rules for 2021](. [READ MORE]( [Kiplinger] [Facebook]( [Twitter]( [LinkedIn]( Send this to a Friend. [Click here.]( | Not a Subscriber Yet? [Click here.]( All content ©2021 The Kiplinger Washington Editors 1100 13th Street, NW, Suite 1000 Washington, D.C. 20005 Thank you for subscribing to Kiplinger Today, a free daily e-newsletter that helps you profit and prosper from the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. If you ever wish to stop receiving this daily service, please [click here to unsubscribe](.