Three Ways to Cut the Tax Stress of RMDs, Five Overlooked Factors When Planning for Retirement, Four Tips to Keep Your Wealth Transfer on Track

The Holidays Are a Time for Sharing Your Wishes | Three Ways You Can Cut the Tax Stress of RMDs | How to Make the Most of Your Year-End Giving Created for {EMAIL} | [Web Version]( December 24, 2023 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Building Wealth]( [Youtube]( [Building Wealth]( [SIGN UP]( ⋅ [WEBSITE]( [] Family Matters [] [The Holidays Are a Time for Sharing Your Wishes]( [The Holidays Are a Time for Sharing Your Wishes]( (Getty Images) While cognitive decline isn't the most festive topic to bring up during a holiday get-together, CFP Erin Wood makes the point that [getting the conversation started]( now can ensure everything is in place if, or when, something happens. [] RMDs [] [Three Ways You Can Cut the Tax Stress of RMDs]( [Three Ways You Can Cut the Tax Stress of RMDs]( (Getty Images) You have to take them, but financial adviser Robert A. Guy suggests some strategies you can apply to prevent required minimum distributions (RMDs) from [stressing you out]( in retirement. [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 [] Charitable Giving [] [How to Make the Most of Your Year-End Giving]( [How to Make the Most of Your Year-End Giving]( (Getty Images) Understanding how to [maximize your charitable donations]( can help you stay on budget and help the causes you are passionate about. CFP Tony Drake makes three suggestions. [] Estate Planning [] [Four Tips to Keep Your Wealth Transfer on Track]( Incorporating family legacy planning into your financial plan is crucial to ensure the next generation knows how to serve as good stewards of the family's wealth, according to CFP Krysta Dos Santos. [Read More]( [Pre-Retirees Plan to Take These Steps Before They Retire]( A recent retirement planning survey shows what gaps people are leaving, what they're getting right and where you may stack up in your plans for retirement. [READ MORE]( ADVERTISEMENT [] Retirement Planning [] [Five Overlooked Factors When Planning for Retirement]( Not only can taxes, inflation and health care costs catch you unprepared in retirement, but so can the costs of supporting others and paying for the fun stuff. Financial expert Tory Reiss highlights five things that are often overlooked in retirement planning. [Read More]( [Share Your Life Story]( There is no greater gift you can give to your loved ones than the story of your life. We will create your private memoirs in a beautifully handcrafted book. A richly rewarding experience for you and a priceless gift for your family. Call today on (844) 399-0426 to find out more. [LEARN MORE]( ADVERTISEMENT [] Also on Kiplinger [] - If you give to charity, ['bunching' could save you thousands]( - Six steps to take if you've recently [inherited money]( from a loved one - 10 [best destinations for snowbirds]( this winter - For the latest ways to earn 5% to 7% cash yield safely and reliably, plus 4 Model Portfolios to show you exactly where to put your money, [bank on Kiplinger Investing for Income]( 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](mailto:alerts@kiplinger.com) | [ADVERTISE]( [Future]( Future US LLC © Full 7th Floor, 130 West 42nd Street, New York, NY, 10036