Lessons in Elvis’ Estate Mistakes, Investing Pitfalls, Saving for Your Child’s Future

Pay the Taxes You Owe and Not a Cent More | Finding Room for Philanthropy in Challenging Times | Common Investing Pitfalls to Avoid During Volatile Markets Created for {EMAIL} | [Web Version]( May 21, 2023 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Building Wealth]( [Youtube]( [Building Wealth]( [SIGN UP]( ⋅ [WEBSITE]( [] Retirement Planning [] [Pay the Taxes You Owe and Not a Cent More]( [Pay the Taxes You Owe and Not a Cent More]( (Getty Images) Stressing about the taxes you'll pay in retirement? Financial consultant Steve Meeks offers some ways to help [reduce your tax liability when you retire](, including managing required minimum distributions (RMDs). [] Charity [] [Finding Room for Philanthropy in Challenging Times]( [Finding Room for Philanthropy in Challenging Times]( (Getty Images) The 'philanthropic squeeze' hits when consumers face higher costs and lower investment returns. Consider these [three ways to maintain charitable giving](, according to financial adviser Peter J. Klein. [Keep More of Your Retirement Savings]( You've worked hard to build up a nest egg and Vanguard advisors are here to help. With their support and guidance, you can feel more confident that the assets you've built up will last. [Take the first step with Vanguard today](. Paid non-client promotion [GET STARTED]( ADVERTISEMENT [] Investing [] [Common Investing Pitfalls to Avoid During Volatile Markets]( [Common Investing Pitfalls to Avoid During Volatile Markets]( (Getty Images) Managing risk, diversifying and taking emotions out of your decisions can help protect your portfolio and help you sleep better at night. See investment adviser Jared Elson's guide to [avoiding common investing pitfalls](. [] Personal Finance [] [Three Ways to Start Saving for Your Child's Future]( Savings and custodial accounts are easy and effective, and don't overlook trust funds -- they're not just for the wealthy. The earlier you start saving for your children, the better, advises Invstr CEO Kerim Derhalli. [Read More]( [Looking for a Flexible Way to Save? Consider a CD Ladder]( As the Federal Reserve attempts to rein in inflation by raising a key interest rate, the rates on CDs have also gone up. Here are 5 common questions about CD Ladders that can help you build your own and start earning better returns on your savings. [READ MORE]( ADVERTISEMENT [] Estate Planning [] [Lessons We Can Learn From Elvis' Estate Plan Mistakes]( Elvis Presley's estate planning failures certainly adversely affected the life of his daughter, Lisa Marie, and have carried over into issues with her estate. Attorney John Goralka explains what we can learn from those mistakes. [Read More]( [Introducing Kiplinger's Premier Membership for Financial Professionals]( The newly launched Kiplinger Advisor Collective is a criteria-based membership for business leaders who share a commitment to shaping the future of finance. [READ MORE]( ADVERTISEMENT [] Also on Kiplinger [] - The [best cash back credit cards]( in May 2023 - When [renting is smarter than buying]( - Will [AI violate taxpayer rights](? - For the latest ways to earn 5% to 7% cash yield safely and reliably, plus 4 Model Portfolios to show you exactly where to put your money, [bank on Kiplinger's Investing for Income](. 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’s Personal Finance]( magazine, [The Kiplinger Letter]( [The Kiplinger Tax Letter]( [Kiplinger’s Retirement Report]( and [Kiplinger’s Investing for Income.]( All are regarded as the leading publications in their respective fields. Every day, millions of readers rely on our [free e-newsletters]( for help on everything from getting the best rate on a mortgage or car loan, to managing their businesses in an uncertain world, avoiding an IRS audit, building wealth for a secure retirement, or investing wisely in any kind of market. Now it’s your turn to reap all the rewards Kiplinger has to offer. Visit [Kiplinger.com](, your gateway to all of the above and much more. Check in any time for our latest advice on how to make more money, and keep more of the money you make. Stay right on the money, with Kiplinger. [Sign Up]( | [Print Publications]( | [Unsubscribe]( [Privacy Policy]( | [Cookies Policy]( | [Terms and Conditions]( CONTACT US: [FEEDBACK](mailto:alerts@kiplinger.com) | [ADVERTISE]( Future US LLC © Full 7th Floor, 130 West 42nd Street, New York, NY, 10036