Energy ‘Middlemen’ for Income Lovers, How to Secure Your Child’s Inheritance, Financial Planning in Retirement

Can I Hire a Financial Adviser to Manage My 401(k)? | Three Potentially Costly, Easy to Avoid IRA Mistakes | How to Secure Your Child's Inheritance in an Uncertain Tax Future Created for {EMAIL} | [Web Version]( July 30, 2023 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Building Wealth]( [Youtube]( [Building Wealth]( [SIGN UP]( ⋅ [WEBSITE]( [] 401(k)s [] [Can I Hire a Financial Adviser to Manage My 401(k)?]( [Can I Hire a Financial Adviser to Manage My 401(k)?]( (Getty Images) If your employer offers a self-directed brokerage account as an option, you can. But then, investment adviser Renée Pastor points out, the question becomes: [Should you hire an adviser]( to oversee your 401(k)? [] Saving for Retirement [] [Three Potentially Costly, Easy to Avoid IRA Mistakes]( [Three Potentially Costly, Easy to Avoid IRA Mistakes]( (Getty Images) An [IRA is a great savings tool](, but it does come with some rules that can trip up a lot of people. CFP Michael Aloi highlights issues with beneficiaries, after-tax contributions and RMD tables. [Would You Like More Retirement Income?]( 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 [] Inheritance [] [How to Secure Your Child's Inheritance in an Uncertain Tax Future]( [How to Secure Your Child's Inheritance in an Uncertain Tax Future]( (Getty Images) Sometimes it might take an IDGT, or [intentionally defective grantor trust](, to preserve generational wealth. But how does that work? CFP Samuel V. Gaeta explains. [] Retirement Planning [] [Financial Planning in Retirement: Seeing All the Angles]( Investment adviser David C. Treece says that in addition to investments, your financial adviser should be talking to you about insurance, Medicare, Social Security, long-term care, estate planning and tax planning. [Read More]( [Share Your Story with Future Generations]( Passing down your life experiences to the next generation is a priceless gift. Contact [LifeTime Memoirs]( on (844)-399-0426 to learn how you can begin your private autobiography today. [LEARN MORE]( ADVERTISEMENT [] Investing [] [These Energy 'Middlemen' Are an Income Lover's Dream]( Midstream energy companies connect producers and end users, servicing the industry itself, rather than being tied to commodity prices. That can be a very good thing for investors, according to financial adviser Michael Joseph. [Read More]( [Prepare for a Financially Secure Retirement]( Be curious. As we strive to live longer and healthier lives, ensuring your retirement plan can provide the financial freedom you need is even more important. Learn how to avoid potential threats to your financial security and determine if your plan is ready to support the retirement you deserve. [READ MORE]( ADVERTISEMENT [] Also on Kiplinger [] - Does your trust have an [environmental indemnification clause](? - Stocks with the [highest dividend yields]( in the S&P 500 - [Laid off near retirement?]( How to prepare for what's next - 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