How the Fed Pause Affects Your Savings, Look Backward to Plan Your Financial Future, Are You Rich?

What the Fed Holding Interest Rates Steady Means for Savings | A Healthier Way to Look at Your Financial Future: Measure Backward | A Financial Guide to Gray Divorce Created for {EMAIL} | [Web Version]( June 19, 2023 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Youtube]( [Instagram]( [Retirement Tips]( [SIGN UP]( ⋅ [WEBSITE]( [] Interest Rates [] [What the Fed Holding Interest Rates Steady Means for Savings]( (Getty Images) [What the Fed Holding Interest Rates Steady Means for Savings]( The Federal Reserve decided to skip a rate hike this week, after 10 straight months of raises. Here's how the Fed's latest action and its hints at future moves could impact your savings account rate. [Read More]( [] Financial Planning [] [A Healthier Way to Look at Your Financial Future: Measure Backward]( (Getty Images) [A Healthier Way to Look at Your Financial Future: Measure Backward]( People are typically better off today than they were in the past, but don't give themselves enough credit due to focus on reaching an "ideal." Financial adviser Frank Legan explains "measuring backward" as a way of charting a healthier financial mindset. [Read More]( [This Fund Provides a Reliable Income Stream]( With continued market volatility, high inflation and a recession knocking at the door, you might be asking - how can I ensure my portfolio is diversified to weather these headwinds? The answer is simple: commercial real estate. [LEARN MORE]( ADVERTISEMENT [] Divorce [] [A Financial Guide to Gray Divorce]( (Getty Images) [A Financial Guide to Gray Divorce]( Later-in-life divorce can be potentially devastating financially. Whatever your age, use our guide to get your ducks in a row if you are considering filing for divorce - and to be as prepared as possible if you are blindsided. [Read More]( [] Wealth [] [How Much Money Do You Need to Be Rich?]( (Getty Images) [How Much Money Do You Need to Be Rich?]( Do you count yourself as wealthy? A new survey from Schwab captures Americans' ideas about what it takes to be rich, with surprising insights about what "wealth" actually means. [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 Featured Content Sponsored Content from Kiplinger's Retirement Report [Don't run out of money in your retirement.]( Get a [FREE ISSUE]( of Kiplinger's Retirement Report for proven ways to safeguard your savings against taxes and inflation, maximize Social Security and Medicare benefits, preserve and protect your estate, make the right move with your 401(k), IRA, RMDs, get the best health care and insurance at the best price, and much more. [CLICK HERE]( [] Investing [] [67 Best Dividend Stocks for Dependable Dividend Growth]( (Getty Images) [67 Best Dividend Stocks for Dependable Dividend Growth]( Dividend growth investors know it pays to be patient when you're investing for income. Explore our roundup of the Dividend Aristocrats, a group of S&P 500 firms that have raised payouts annually for at least 25 consecutive years. [Read More]( [7 Secrets to Know About Hiring a Financial Advisor]( Choosing a financial advisor is a major life decision that can determine your financial trajectory for years to come. Be aware of these 7 secrets comfortable retirees know about hiring an advisor, so you can find peace of mind and potentially avoid years of stress. [LEARN MORE]( ADVERTISEMENT [] Taxes [] [How an IRS Funding Cut Could Affect Your Taxes]( (Andrew Caballero-Reynolds/AFP/Getty Images) [How an IRS Funding Cut Could Affect Your Taxes]( Congress has clawed back about 25% of the IRS's $80 billion in funding for modernization and enforcement from the Inflation Reduction Act. We explore how the agency - and your taxes - could be affected going forward. [Read More]( ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. 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