I Bonds vs. EE Bonds – Which Is Better for You?, A New Scam is Circulating, 5 Critical Things About Social Security and Your Taxes

How to Set Your Child Up for Financial Success | Don't Bet Your Retirement on Stocks: Follow These 4 Tips | Social Security COLA Change for 2024: What To Know Created for {EMAIL} | [Web Version]( October 13, 2023 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Youtube]( [Instagram]( [SIGN UP]( ⋅ [WEBSITE]( [] Top story [] [How to Set Your Child Up for Financial Success]( [How to Set Your Child Up for Financial Success]( (Getty Images) Financial literacy is one of the most crucial skills a person can possess, providing the knowledge and tools necessary to achieve financial success, writes Kerim Derhalli, the founder and CEO of Invstr. Teaching children at a young age to [set goals, work within a budget and save for the future]( are just some of the ways to do so. [] Retirement [] [Don't Bet Your Retirement on Stocks: Follow These 4 Tips]( [Don't Bet Your Retirement on Stocks: Follow These 4 Tips]( (Getty Images) If you intend to keep a significant portion of your retirement savings in the stock market, you need to create a personalized plan for retirement income. Investment adviser Jerry Golden suggests adding lifetime annuities to the mix so your income doesn't run out and [three other tips to extend the longevity of your retirement income](. [Don't Bet Your Retirement on the Stock Market. Follow these 4 Tips.]( If you intend to keep a significant portion of your retirement savings in the stock market, you need to create a personalized plan for retirement income. Here are four tips to consider in your planning: 1. Add lifetime annuities to the mix so your income doesn't run out 2. Use a conservative estimate of long-term stock market performance 3. Use a high dividend stock portfolio for current income 4. Use a balanced portfolio with stocks and bonds for IRA withdrawals Our average plan shows a 5.50% starting income - and has less income risk than traditional plans. Find out your starting income and safe % by ordering a complimentary Go2Income plan. [ORDER YOUR PLAN]( ADVERTISEMENT [] In Case You Missed It [] [Social Security COLA Change for 2024: What To Know]( [Social Security COLA Change for 2024: What To Know]( (Getty Images) More than 66 million retirees receiving Social Security checks will see their monthly government payments rise next year, thanks to the Social Security Administration's cost-of-living adjustment (COLA) increase for 2024. [Find out how much and more here](. [] Financial Planning [] [Have Leftover 529 Funds? Expert Strategies for Unused Balances]( [Have Leftover 529 Funds? Expert Strategies for Unused Balances]( (Getty Images) Higher education costs are still on the rise. Tuition inflation at public four-year colleges averaged 12% from 2010 to 2022, according to the Education Data Initiative, writes CEO of Blue Ocean Global Wealth, Marguerita Cheng. Some 529 plan account owners have discovered leftover balances, and determining how to manage unused funds can be difficult. [This article provides some insight to help you navigate the situation](. [College Loan Considerations For Parents]( Get answers to your most pressing questions about school loans and student debt. [LEARN MORE]( ADVERTISEMENT Featured Content Sponsored Content from Kiplinger Personal Finance Magazine [Build wealth. Cut taxes. Retire rich.]( Get a [FREE ISSUE]( of Kiplinger Personal Finance magazine, and save up to 74% to subscribe. Includes special issues such as Investing Outlook, Retirement Planning, Mutual Fund Roundup, and Guide to ETFs. Count on Kiplinger for trustworthy help to make more money, keep more of the money you make, and live a financially secure life. [CLICK HERE]( [] Personal Finance [] [Five Reasons Why You Shouldn't Have Shoped Amazon Deals Days]( Think twice before getting lured into buying a bunch of stuff you don't need just because it's on sale. [Read More]( [] Spending [] [This 12-Month CD Offers a 6% APY — But You’ll Want to Lock in Rates Soon]( CD rates won't stay this high forever, so lock in rates while you can. [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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