Stepping Into Retirement | Biden Admin Proposes Rule That Would Affect Retirement Advisers | 7 Factors to Consider Before Choosing a Goal Age to Collect Social Security
Created for {EMAIL} | [Web Version]( November 8, 2023
CONNECT WITH KIPLINGER [LinkedIn]( [Facebook]( [X]( [Instagram ]( [Youtube]( [SIGN UP]( ⋅ [WEBSITE](
[] INTRODUCTION
[] - [Stepping Into Retirement](
Graduating college and getting your first real job is exciting. Do you remember your first “onboarding” process? For the first time, you [selected]( and started paying for your own health insurance. Then you got to the retirement section. Wasn’t it almost surreal to have to consider your retirement when you just got started? Whether you’re only a few years into your career like Gen Zers, whose retirement planning Kiplinger took a look at, or a few years into your retirement, decisions about how to manage your savings and eventual spending are personal and should reflect where you are in life. Hard and fast rules are merely guidelines and not applicable to everyone. For instance, the best time to begin collecting Social Security benefits is based on a number of factors, not simply the decision to retire, as [Kiplinger Advisor Collective]( members wrote this week. Give yourself a chance at the best retirement by being informed before you make big decisions. - Donna LeValley, personal finance writer P.S. I welcome your questions and suggestions about this newsletter – you can reach me at donna.levalley@futurenet.com [Get Advice From Vanguard When You Need It Most](
Vanguard Personal Advisor is built to provide you an ongoing collaboration with our professional advisors - no matter where you are. Our advisors are salaried and don't earn commissions, so they'll always put your best interests first. [Take the first step with Vanguard today]( Paid non-client promotion [GET STARTED]( ADVERTISEMENT [] TOP STORY
[] [Biden Admin Proposes Rule That Would Affect Retirement Advisers](
[Biden Admin Proposes Rule That Would Affect Retirement Advisers]( (Getty Images)
A new retirement security proposal updates the definition of an investment advice fiduciary, which the administration says would help ensure investment advisers prioritize retirement savers’ interests over their own. This would particularly apply when you’re getting advice for a fee on, for example, your [IRA](. Read on to [see what the proposal entails](. [] SOCIAL SECURITY
[] [7 Factors to Consider Before Choosing a Goal Age to Collect Social Security](
[7 Factors to Consider Before Choosing a Goal Age to Collect Social Security]( (Getty Images)
There’s more to the decision to start collecting [Social Security]( than simply when you want to retire. The best age to start is different for everyone, but there are some hard and fast rules I can share: It’s true that you can start collecting benefits at age 62 – and that will result in you getting less than full benefits for the rest of your life, just as if you wait until 70, you’ll get the highest possible monthly payout for the rest of your life. I’m sharing this article because it gives you [seven factors to consider before making the important and irreversible decision of when to begin collecting Social Security benefits](. [7 Mistakes to Avoid When Hiring an Advisor](
Life should be a balance of adventure and relaxation - not finances. Enter: Working with a financial advisor. But choosing the wrong one could potentially wreak havoc on your investments. Be aware of these 7 common mistakes when hiring one so you can get back to the balance that matters most. [LEARN MORE]( ADVERTISEMENT [] FINANCIAL PLANNING
[] [The Generation Saving Less But Feeling Better About Retirement](
[The Generation Saving Less But Feeling Better About Retirement]( (Getty Images)
It can seem overwhelming to save for a down payment on a home and also start saving for retirement. It isn’t easy — but it’s worth it. Gen Z is in the workforce and they already feel discouraged by the rapid rise in the cost of everything. As a result, they are not making the best decisions regarding funding their retirement. They do have time to make up the difference, but not as much as they probably think. [Take a look at these survey results so you can give the Gen Zers in your life sound advice after gaining a better understanding of their concerns](. [Medicare 101 - Do You Know Your Basic Options?](
Take the guesswork out of Medicare. Learn the basics, compare plan types, understand costs, and more. Humana is here to help. [LEARN MORE]( ADVERTISEMENT [] ALSO ON KIPLINGER
[] - Shop [Walmart's early Black Friday deals]( now
- Colorado [Proposition HH failed](: What it means for homeowners
- Bank deposit [delays impact customers](
- Home insurers to be [scrutinized in federal climate-risk study]( ABOUT KIPLINGER
When we write about money, we get it right.
So the decisions you make with your dollars are also right. Kiplinger is a trusted provider of unbiased financial advice, objective business and economic forecasts, and practical help to millions of business professionals, investors, and individuals seeking to make more profitable decisions with their money. Our [flagship publications]( include [Kiplinger Personal Finance]( magazine, [The Kiplinger Letter]( [The Kiplinger Tax Letter]( [Kiplinger Retirement Report]( and [Kiplinger Investing for Income.]( All are regarded as the leading publications in their respective fields. Every day, millions of readers rely on our [free e-newsletters]( for help on everything from getting the best rate on a mortgage or car loan, to managing their businesses in an uncertain world, avoiding an IRS audit, building wealth for a secure retirement, or investing wisely in any kind of market. Now it’s your turn to reap all the rewards Kiplinger has to offer. Visit [Kiplinger.com](, your gateway to all of the above and much more. Check in any time for our latest advice on how to make more money, and keep more of the money you make. Stay right on the money, with Kiplinger. [Sign Up]( | [Print Publications]( | [Unsubscribe](
[Privacy Policy]( | [Cookies Policy]( | [Terms and Conditions](
CONTACT US: [FEEDBACK](concat('mailto:',$brief_feedback_email)) | [ADVERTISE]( [Future](
Future US LLC ©
Full 7th Floor, 130 West 42nd Street, New York, NY, 10036