4 Generations - Different Spending Challenges, These States Won’t Tax Mega Millions Winner, What Comes Next for Stocks?

The Problem With 401(k) Catch-Up Contributions for 2024 | After the Best Start in 26 Years, What Comes Next for Stocks? | These States Won t Tax the Mega Millions Jackpot Created for {EMAIL} | [Web Version]( August 6, 2023 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Youtube]( [Instagram]( [SIGN UP]( ⋅ [WEBSITE]( [] Top story [] [The Problem With 401(k) Catch-Up Contributions for 2024]( [The Problem With 401(k) Catch-Up Contributions for 2024]( (Getty Images) New rules governing certain 401(k) catch-up contributions are causing confusion and raising concerns. That’s been problematic for some older adults who need clarity on crucial retirement planning aspects, such as [when to take required minimum distributions (RMDs)](. [] Stocks to Buy [] [After the Best Start in 26 Years, What Comes Next for Stocks?]( [After the Best Start in 26 Years, What Comes Next for Stocks?]( (Getty Images) Stocks are off to their best start in more than a quarter of a century. The question now is whether the remarkable rally of 2023 can continue to run through year-end and beyond. [See here what Kiplinger’s investing expert Dan Burrows expects and more](. [Great Futures Start with Defined Goals]( Vanguard Personal Advisor provides ongoing portfolio advice--along with support and personal coaching to help you make decisions, tackle challenges and complexities, and stay aligned with your goals. [Start the conversation today](. [GET STARTED]( Paid non-client promotion ADVERTISEMENT [] Did You Miss This? [] [These States Won’t Tax the Mega Millions Jackpot]( [These States Won t Tax the Mega Millions Jackpot]( (Getty Images) As most know, the Mega Millions winner will have to pay considerable federal taxes. The IRS takes federal tax “off the top.” But the winner then pays additional federal income taxes based on the tax rate tied to their federal tax bracket, which will be high due to the multi-billion-dollar payout. Depending on where they live, [the winner may not have to pay state taxes](. [] Spending [] [Boomers, Millennials, Gen Xers, and Gen Zers -- How Do They Spend Differently?]( [Boomers, Millennials, Gen Xers, and Gen Zers -- How Do They Spend Differently?]( (Getty Images) Older Americans are increasing their spending, but what differences can we see between all four of these generations? [Find out here](. You might be surprised. [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 Featured Content Sponsored Content from Kiplinger's Personal Finance Magazine [Build wealth. Cut taxes. 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