Lower RMD Taxes, The Fed’s Next Moves, Americans Save $1 Trillion

Americans' Savings Now Exceed $1 Trillion. Here's How to Maximize Your Returns | The 25 Cheapest Places to Live: U.S. Cities Edition | After the Fed Raises Rates Again, Is This the Last Hike in the Cycle? Created for {EMAIL} | [Web Version]( May 4, 2023 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Youtube]( [Instagram]( [Retirement Tips]( [SIGN UP]( ⋅ [WEBSITE]( [] Saving [] [Americans' Savings Now Exceed $1 Trillion. Here's How to Maximize Your Returns]( (Getty Images) [Americans' Savings Now Exceed $1 Trillion. Here's How to Maximize Your Returns]( The U.S. Department of Commerce reports that Americans' personal savings rate crossed a staggering $1 trillion in March - a big jump from 2022's historic lows. We explain what's driving the savings boost and what savers should do with their growing piles of cash. [Read More]( [] Cost of Living [] [The 25 Cheapest Places to Live: U.S. Cities Edition]( (Getty Images) [The 25 Cheapest Places to Live: U.S. Cities Edition]( The lower cost of living in these cities could be a blessing for cash-strapped retirees, but they should go in with their eyes wide open. Explore the pros and cons of these affordable metros before pulling up stakes. [Read More]( [How to generate tax-advantaged income]( Times like today clearly show the value of diversifying a portfolio beyond stocks and bonds. Real estate is one way to do that because this asset class generally doesn't move in tandem with stock and bond markets. [READ MORE]( ADVERTISEMENT [] Interest Rates [] [After the Fed Raises Rates Again, Is This the Last Hike in the Cycle?]( (Getty Images) [After the Fed Raises Rates Again, Is This the Last Hike in the Cycle?]( Fed Chairman Jerome Powell announced another 0.25% rate hike today, bringing the federal funds rate target range to 5.0% to 5.25%. Here's what to expect next, as the newly higher rates ripple through retirement savings and other areas of your financial life. [Read More]( [] Investing [] [The 5 Best Blue Chip Dividend Stocks to Buy Now]( (Getty Images) [The 5 Best Blue Chip Dividend Stocks to Buy Now]( The best blue chip dividend stocks never go out of style. We sifted through analyst rankings to select a mini-portfolio of blue chips that are well-positioned to generate income and deliver outperformance in uncertain market times. [Read More]( [Build a Better Financial Future]( Vanguard advisors are here to help investors like you make more informed and confident financial decisions. They'll work with you on your retirement income, balancing your expectations for growth with a disciplined approach to risk. [There's never been a more perfect time to get started](. Paid non-client promotion [GET STARTED]( ADVERTISEMENT [] Taxes [] [How to Lower Your Taxes on Required Minimum Distributions]( (Getty Images) [How to Lower Your Taxes on Required Minimum Distributions]( Retirees now have more time to take RMDs from their retirement accounts, but postponing withdrawals could cost you a lot of money in taxes. Learn how to balance savings growth with tax efficiency in the new RMD landscape. [Read More]( [Should You Diversify Your Portfolio To Mitigate Inflation Risk?]( Times like this clearly show the value of diversifying a portfolio beyond stocks and bonds. Real estate is one way to do that because this asset class generally doesn't move in tandem with stock and bond markets. [READ MORE]( ADVERTISEMENT [] Estate Planning [] [I Love You, But Your 'I Love You Will' Needs to Go]( (Getty Images) [I Love You, But Your 'I Love You Will' Needs to Go]( A simple will is better than no will at all, but an 'I Love You Will' only works as long as everything goes as planned. There are three reasons that kind of will may not love you back, according to estate planning expert Allison L. Lee, Esq. [Read More]( 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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