Optimize Taxes When Tapping Retirement Accounts, Aretha’s Will, Retirement Dating 2.0

High-Income Millennials, This Advice Is for You | Here's a Way to Save Social Security and Defer RMDs | Why Are the Notes Found in Aretha's Couch a Valid Will? Created for {EMAIL} | [Web Version]( July 23, 2023 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Building Wealth]( [Youtube]( [Building Wealth]( [SIGN UP]( ⋅ [WEBSITE]( [] Personal Finance [] [High-Income Millennials, This Advice Is for You]( [High-Income Millennials, This Advice Is for You]( (Getty Images) If you are in your 20s or 30s and [making $150,000-plus a year](, your financial planning needs are more advanced, and need more attention, than the average Millennial's. CFP Joe F. Schmitz Jr. has some advice. [] In Case You Missed It [] [Here's a Way to Save Social Security and Defer RMDs]( [Here's a Way to Save Social Security and Defer RMDs]( (Getty Images) Financial adviser Chris Heerlein shares an idea for [taking some of the pressure off Social Security](: People who don't need their benefits could opt out of receiving them in exchange for not being forced to take required minimum distributions. [Build a Real Estate Portfolio with CrowdStreet]( With 750+ deals funded and over $4 billion invested, CrowdStreet provides a marketplace that allows you to compare opportunities and find the right investment for your portfolio. Accredited investors can sign-up now and access to live opportunities. [Explore Opportunities]( ADVERTISEMENT: [] Estate Planning [] [Why Are the Notes Found in Aretha's Couch a Valid Will?]( [Why Are the Notes Found in Aretha's Couch a Valid Will?]( (Getty Images) The [late Queen of Soul's discovered notes]( had to meet certain Michigan requirements to be considered a valid will, according to attorney John M. Goralka. The outcome might have been different in other states. [] Retirement Planning [] [Retirement Dating 2.0: Before You Jump, Test the Waters]( If you don't know what you want to do in your golden years or where you want to live, CFP Andrew Rosen suggests you give retirement dating a whirl in which you try out places and activities before you commit. [Read More]( [7 Mistakes to Avoid When Hiring an Advisor]( Life should be a balance of adventure and relaxation - not finances. Enter: Working with a financial advisor. But choosing the wrong one could potentially wreak havoc on your investments. Be aware of these 7 common mistakes when hiring one so you can get back to the balance that matters most. [LEARN MORE]( ADVERTISEMENT [] Taxes [] [How to Optimize Taxes When You Tap Retirement Accounts]( Strategically timing your withdrawals can limit your taxes, maximize your retirement earnings and give you a better chance of not running out of money in retirement. CFP Antwone Harris explains how. [Read More]( [4 Benefits of Investing in REAL ESTATE]( 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 [] Also on Kiplinger [] - IRS delays [IRA RMD rules]( again - Seven [great places to live in Texas]( - How to deal with [employees who stink]( (literally) - 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