How All 50 States Tax Retirees, IRA Inheritance Loophole Closed, Biden Targets These Hidden Fees

IRS 10-Year Rule for Inherited IRAs | Special Dividends Are On The Rise Here's What to Know About Them | Biden Targets Hidden Fees to Lower Costs for Renters Created for {EMAIL} | [Web Version]( August 1, 2023 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Youtube]( [Instagram]( [SIGN UP]( ⋅ [WEBSITE]( [] Top story [] [IRS 10-Year Rule for Inherited IRAs]( [IRS 10-Year Rule for Inherited IRAs]( (Getty Images) Before the SECURE Act, IRA owners who died could leave their accounts to their children and others, allowing the heirs to stretch required minimum distributions over their lifetime, growing the funds tax-free for decades. Congress discovered this loophole and curtailed it by enacting the 10-year cleanout rule. Unfortunately, the [IRS's interpretation of the rule can be quite complicate]([d](. [] Dividend Stocks [] [Special Dividends Are On The Rise — Here's What to Know About Them]( [Special Dividends Are On The Rise Here's What to Know About Them]( (Getty Images) More companies are paying out special dividends this year. So far, investors have received extra payouts from firms like Ford, Host Hotels & Resorts and truck maker Paccar. [Here's what that means for you](. [Hedge Against Inflation With This Income Investment]( 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 [] Did You Miss This? [] [Biden Targets Hidden Fees to Lower Costs for Renters]( [Biden Targets Hidden Fees to Lower Costs for Renters]( (Getty Images) Major rental platforms, including Zillow and Apartments.com, signed on to the endeavor, which targets so-called “junk fees,” saving you hundreds when filling out applications. But what exactly are these fees? [Find out here](. [] Income Tax [] [How All 50 States Tax Retirees]( [How All 50 States Tax Retirees]( (Getty Images) The overall state and local tax burden can vary widely from one place to another, often differing by tens of thousands of dollars. If you plan on moving or just looking, [we rated every state](, plus the District of Columbia, on their taxes in retirement. Some of the results might surprise you. [This Billion Dollar Startup Wants to Help You Retire]( This Princeton grad's startup raised $161 million to help you plan a comfortable retirement. If you're one of the whopping 110 million Americans over the age of 50, or wisely planning ahead, SmartAsset's no-cost tool can help match you with up to 3 vetted financial advisors. [LEARN MORE]( ADVERTISEMENT [] Bonds [] [How to Cash in Savings Bonds]( Whether you bought savings bonds during inflation’s peak last year or have older bonds collecting dust, take these steps to cash them in. [Read More]( [] Small Business [] [Financial Planning for Small Business Owners]( There are many different kinds of small business owners in all stages of their business. Some have just started putting their ideas into action in a startup, while others are in the growth stage or even planning an exit strategy, writes Jacob Wolinsky, CEO of ValueWalk. Learn the basics of creating a financial plan for small business owners. [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 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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