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How All 50 States Tax Retirees, Desantis & Haley's Social Security Plans, Medicare Advantage Enrollment Jumps

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DeSantis, Haley Split Over Social Security Reforms in GOP Debate | In Retirement, Put Your Eggs in T

DeSantis, Haley Split Over Social Security Reforms in GOP Debate | In Retirement, Put Your Eggs in These 3 Baskets | Taxes in Retirement: How All 50 States Tax Retirees Created for {EMAIL} | [Web Version]( January 15, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Instagram]( [Retirement Tips]( [SIGN UP]( ⋅ [WEBSITE]( [] Social Security [] [DeSantis, Haley Split Over Social Security Reforms in GOP Debate]( [DeSantis, Haley Split Over Social Security Reforms in GOP Debate]( (Getty Images) Two presidential candidates gave starkly different views on [Social Security]( reforms at the fifth [Republican primary debate](. We break down Ron Desantis and Nikki Haley's views on Social Security's retirement age and COLA increases as the 2024 election year kicks off. [] Retirement Planning [] [In Retirement, Put Your Eggs in These 3 Baskets]( [In Retirement, Put Your Eggs in These 3 Baskets]( (Getty Images) Many people plan for retirement well ahead of time, but they struggle with using their retirement money, due to nagging questions around inflation, tax rates, [market volatility]( and health issues. Pete Belcastro, CFP, suggests creating [three different baskets for your retirement money](. [Optimize Your Retirement Income With This Advisor]( Our advisors use several strategies, including active funds exclusive to Personal Advisor clients. Low-cost funds, automated tax-loss harvesting, and minimal fees also help you keep more of your savings. Take the first step with Vanguard today. Paid non-client promotion [LEARN MORE]( ADVERTISEMENT [] Taxes [] [Taxes in Retirement: How All 50 States Tax Retirees]( [Taxes in Retirement: How All 50 States Tax Retirees]( (Getty Images) [How your retirement income is taxed]( depends on multiple factors. Use our list to learn how income from employment, investments, a pension, retirement distributions, and Social Security are [taxed in every state and the District of Columbia](. [] Savings [] [Why You Need to Open a CD Right Now]( [Why You Need to Open a CD Right Now]( (Getty Images) 41% of Americans have never opened a [CD](. If you're thinking about putting your cash in a CD in 2024, now may be the best time. Here's why it's a good moment to [open a CD](, lock in rates and earn interest on your cash. [Top 5 Wealth Management Firms Revealed]( Asset growth and preservation are two sides of the same coin. Working with a top wealth management firm can provide access to strategies for all of life's different stages. Here's the list of top U.S. firms for individual investors. [See the list]( ADVERTISEMENT Featured Content Sponsored Content from Kiplinger Retirement Planning 2024 [Plan and enjoy a worry-free retirement.]( Whether you've already left the workforce or you're just beginning to think about it, [Kiplinger Retirement Planning 2024]( will show you how to maximize your 401(k), select top-performing investments, get the most from Social Security, protect your estate, ensure affordable top-notch health care and much more. [Click to see table of contents.]( [] Medicare [] [Medicare Advantage Enrollee Numbers Are Rising — Here's Why]( [Medicare Advantage Enrollee Numbers Are Rising Here's Why]( (Getty Images) CVS Health recently announced that its 2024 [Medicare Advantage]( enrollment has [outpaced expectations](. While that isn't surprising given their extensive marketing campaigns and specific plan perks, people should use caution when viewing these plans. We explain why. [Benefits of Compound Growth, Put time on your side.]( Compound interest makes your money grow faster because interest is calculated on the accumulated interest over time as well as on your original principal. Compounding can create a snowball effect, as the original investments plus the income earned from those investments grow together. Choices like REITs and dividend stocks can net you a higher return with reinvested dividends. [READ MORE]( ADVERTISEMENT [] Retirement Accounts [] [SIMPLE IRA Contribution Limits for 2024]( [SIMPLE IRA Contribution Limits for 2024]( (Getty Images) A SIMPLE IRA is a retirement plan built for self-employed people and [small businesses]( with 100 or fewer employees. It's a cheaper, easier plan for employers to set up compared to a traditional 401(k), albeit with a lower savings limit. We break down the [new 2024 contribution limits](. 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

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