Roth or Traditional IRA?, Fall Vacation Deals, IRS Changes Inheritance Rules

IRS Quietly Changed the Rules on Your Children's Inheritance | Beware the 'Food Tax': These States Still Tax Groceries | Should You Use a Roth or Traditional IRA? Created for {EMAIL} | [Web Version]( July 6, 2023 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Youtube]( [Instagram]( [Retirement Tips]( [SIGN UP]( ⋅ [WEBSITE]( [] Estate Planning [] [IRS Quietly Changed the Rules on Your Children's Inheritance]( (Getty Images) [IRS Quietly Changed the Rules on Your Children's Inheritance]( A recent IRS rule had a big impact on estate planning, especially where irrevocable trust is involved. Lindsay N. Graves, Esq. explains how to establish an irrevocable trust that allows for any assets of the trust to still be included in the taxable estate at death. [Read More]( [] Taxes [] [Beware the 'Food Tax': These States Still Tax Groceries]( (Getty Images) [Beware the 'Food Tax': These States Still Tax Groceries]( Adding a "food tax" may supplement state budgets, but it adds to the already high cost of groceries and places an extra financial burden on many families. Here are the states that still impose a statewide tax on groceries as of July 2023. [Read More]( [Get an Attractive 10% Yield With This Income Fund]( Predictable monthly income and stable returns, mitigated default risk by leasing only to investment-grade tenants, with a defensive investment posture across a range of market conditions. [READ MORE]( ADVERTISEMENT [] Retirement Accounts [] [Should You Use a Roth or Traditional IRA?]( (Getty Images) [Should You Use a Roth or Traditional IRA?]( Americans believe they'll need $1.27 million to retire, and an individual retirement account (IRA) is a great tool for building a robust nest egg. It's first important to evaluate the common features and differences for traditional IRAs and Roth IRAs. [Read More]( [] Travel Deals [] [Lock In a Great Deal on a Fall Vacation]( (Getty Images) [Lock In a Great Deal on a Fall Vacation]( The number of travelers this summer is the highest since before the pandemic, and airlines and hotels are raising prices. Here's how to find deals toward the end of August and into the fall, especially if you travel domestically. 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Tony Drake, CFP, discusses the financial implications that can catch you by surprise. [Read More]( [New insights: Drive growth with insurance innovation]( Hear from insurance experts on the business impacts resulting from current and future technology decisions. [READ MORE]( ADVERTISEMENT [] Charitable Giving [] [DAFs vs. Private Foundations: Which Giving Strategy Is Right for You?]( (Getty Images) [DAFs vs. Private Foundations: Which Giving Strategy Is Right for You?]( How charitable dollars are managed plays a big role in a sound philanthropic strategy and sustained giving. Mark Froelich, CPA, explains the major giving vehicles for readers to help you decide which best aligns with your philanthropic strategy. [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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