Tax-Friendly States for Retirees, Americans Raid 401(k)s to Get By, Soaring Nursing Home Costs

Travelers Beware: Tourist Taxes Have Increased in These Destinations | More Americans Borrowing from 401(k)s to Get By Financially | Have You Planned for Surging Nursing Home Costs? Created for {EMAIL} | [Web Version]( August 17, 2023 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Youtube]( [Instagram]( [Retirement Tips]( [SIGN UP]( ⋅ [WEBSITE]( [] Travel [] [Travelers Beware: Tourist Taxes Have Increased in These Destinations]( [Travelers Beware: Tourist Taxes Have Increased in These Destinations]( (Getty Images) Tourist taxes are probably the last expense on travelers' minds after paying for plane tickets, hotel stays and more. But these [extra surcharges can create nasty surprises](. When traveling abroad, mind these destinations where international tourist taxes are increasing. [] Retirement Savings [] [More Americans Borrowing from 401(k)s to Get By Financially]( [More Americans Borrowing from 401(k)s to Get By Financially]( (Getty Images) As inflation slowly recedes from last year's highs, many Americans are still struggling to pay their bills. Newly released data from Bank of America reveals concerning signs that retirement savers are [raiding their 401(k)s to make ends meet](. [8 Must Know Questions About CD Ladders]( CDs tend to pay higher interest rates than what you can earn on other deposit accounts. Laddering takes the guesswork out of where rates are headed. [READ MORE]( ADVERTISEMENT [] Nursing Care [] [Have You Planned for Surging Nursing Home Costs?]( [Have You Planned for Surging Nursing Home Costs?]( (Getty Images) The national average cost of nursing homes continues relentlessly upward, growing 2.4% in July - the biggest monthly increase since 1997. Read on to learn about what drives these costs and how you can [plan now for your future elder care](. [] Taxes [] [10 Most Tax-Friendly States for Retirees]( [10 Most Tax-Friendly States for Retirees]( (Getty Images) When choosing an ideal state to live out the retirement years, taxes loom large in retirees' minds. We rank the top [states that roll out the red carpet for your retirement income](. [Unlocking Generational Wealth - Owning Innovative Companies for the Long Run]( In today's rapidly evolving financial landscape, generating lasting wealth requires a strategic approach that goes beyond short-term gains. Join SAM Chief Investment Officer Austin Root and Stansberry Research's Matt McCall as they share their insights on the power of investing in innovative companies with a long-term perspective. This live webinar will reveal how we identify promising opportunities that have the potential to grow over time. 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[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 [] Estate Planning [] [Estate Planning for When Unexpected Children Arrive]( [Estate Planning for When Unexpected Children Arrive]( (Getty Images) There's a lot that goes through parents' minds when a surprise addition to the family arrives. Allison L. Lee, Esq., explains [four key estate planning tasks]( attached to having a child roughly a decade younger than their siblings. 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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