Tax Benefits of Hiring Your Kids, 4 Reasons to Integrate Partial Roth IRA Conversions, These Are Keeping the Housing Market Challenging

Four Reasons to Consider Doing Partial Roth IRA Conversions Now | How to Avoid Medicare Open Enrollment Scams | Mortgage Demand Has Fallen to its Lowest Level Since 1994 Created for {EMAIL} | [Web Version]( October 20, 2023 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Youtube]( [Instagram]( [SIGN UP]( ⋅ [WEBSITE]( [] Top story [] [Four Reasons to Consider Doing Partial Roth IRA Conversions Now]( [Four Reasons to Consider Doing Partial Roth IRA Conversions Now]( (Getty Images) Your IRA and 401(k) have potentially significant future tax implications, and with taxes possibly going up in the next few years, you might want to pay them now, not later. To do so, you have several options. Investment adviser Craig Kirsner reviews [four reasons why you should give thought to integrating partial Roth IRA conversions](. [] Medicare [] [How to Avoid Medicare Open Enrollment Scams]( [How to Avoid Medicare Open Enrollment Scams]( (Getty Images) Scammers are jumping on the Medicare open enrollment bandwagon along with fraudsters sending bogus bills for COVID-19 tests. In response, the Federal Trade Commission (FTC) has published [a list of what to look out for and how best to avoid falling victim to these Medicare scams](. [5 Passive Income Strategies]( Learn how passive income strategies -- like REITs, dividend stocks and high-yield savings accounts -- can potentially boost your income. [LEARN MORE]( ADVERTISEMENT [] In the News [] [Mortgage Demand Has Fallen to its Lowest Level Since 1994]( [Mortgage Demand Has Fallen to its Lowest Level Since 1994]( (Getty Images) Mortgage applications dropped last week. [Two major factors]( are keeping conditions challenging for both prospective homebuyers and homeowners looking to sell. [] Taxes [] [Tax Benefits of Hiring Your Kids]( [Tax Benefits of Hiring Your Kids]( (Getty Images) It can be frustrating when your children complain about having nothing to do. So, why not hire your child or children to work for your business? Hiring your child can potentially lower your tax bill and help kids develop skills, but there are some [rules you need to know — and follow](. [How automated tech makes investing easy]( Stay chill while your money works for you, with Betterment's tax-smart tools and automated technology. Investing involves risk. Performance not guaranteed. [LEARN MORE]( ADVERTISEMENT [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]( [] Streaming [] [Netflix Hikes Prices Again As Subscriptions Climb]( Netflix joins Discovery, Amazon, Disney and several other streamers that have recently boosted prices. [Read More]( [] Banking [] [How to Find the Best Jumbo CD Rates]( Depending on how much cash you're looking to invest, you could be eligible to open a jumbo CD account. A jumbo CD account is practically the same as a regular CD account, with one main difference — it requires a higher minimum deposit to open. Bigger deposits tend to command a higher APY. We can point you to jumbo CDs. [Read More]( [Vanguard vs. Fidelity vs. Schwab]( Who are you partnered with? See how these popular brokerage firms stack up when it comes to fees, resources, and specific services, so you can decide on the right fit for you. 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