Five Critical Components of a Financial Plan for Retirees, How a Backdoor Roth IRA Works, Two Keys to a Happy Retirement

How to Help Young Adults Over the Homeownership Hurdle | 2024 Investment Outlook: Three Tips for the New Year | Two Keys to a Happy Retirement: Health and Wealth Plans Created for {EMAIL} | [Web Version]( January 17, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Building Wealth]( [Youtube]( [Building Wealth]( [SIGN UP]( ⋅ [WEBSITE]( [] Real Estate [] [How to Help Young Adults Over the Homeownership Hurdle]( [How to Help Young Adults Over the Homeownership Hurdle]( (Getty Images) Student loan debt often stands in the way of younger generations wanting to [buy their first home](. Consider these strategies to get around that, courtesy of CFP Sara Stanich. *Stay up to date with Kiplinger. Follow us on your preferred social media platform(s): - [Facebook]( - [X]( (Twitter) - [Instagram]( - [TikTok]( [] Investing [] [2024 Investment Outlook: Three Tips for the New Year]( [2024 Investment Outlook: Three Tips for the New Year]( (Getty Images) CFP Michael Aloi makes some suggestions to help investors [protect their nest eggs]( as we head into a presidential election and face continued uncertainty about interest rates. [Is your money working hard enough?]( It should be! Learn how Betterment's automated investing and savings technology can make your money hustle, while you don't. [LEARN MORE]( ADVERTISEMENT [] Retirement Planning [] [Two Keys to a Happy Retirement: Health and Wealth Plans]( [Two Keys to a Happy Retirement: Health and Wealth Plans]( (Getty Images) It's nearly impossible to have [a successful retirement]( without taking care of both your physical health and your financial health. Here are five tips to help, according to financial expert Bradley Rosen. Featured Content Sponsored Content from Kiplinger Advisor Collective [Join the Kiplinger Advisor Collective Today]( Are you a seasoned financial professional with a wealth of experience waiting to be shared? Do you dream of expanding your influence within the industry and connecting with like-minded peers? The Kiplinger Advisor Collective is the ultimate platform for personal financial experts like yourself. [Find out more](. [] Taxes [] [How a Backdoor Roth IRA Works (and Its Drawbacks)]( High earners can get around income limits on Roth IRA contributions by converting other IRA accounts to Roths, but there are some caveats. CPA and attorney Bruce Willey explains. [Read More]( [Best Compounding Interest Investments in Preparing for Retirement]( Generate $2,000 a month in dividends with a private REIT, specializing in industrial properties. This fund offers a path to create passive income using dividends and compound interest. With 250k at 10% APY discover how to yield $2000/month to help you reach your financial goals. [READ MORE]( ADVERTISEMENT [] Saving for Retirement [] [Five Critical Components of a Financial Plan for Retirees]( Not only do you need to know what you're going to do and whether you have enough money to do it, you need plans for income, taxes and your estate. CFP Evan T. Beach shares how to build your plan. [Read More]( [Have This Much Money? You May Want a Financial Advisor]( Money can't buy happiness, but research finds that if you have this much in household assets, hiring a financial advisor could help heighten your satisfaction levels. Just how much money do you need? [LEARN MORE]( ADVERTISEMENT [] RELATED KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [Do you need disability insurance?]( If you work for a living, the answer is yes, so don't overlook protecting your biggest asset. 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