4 Tips For Teaching Young Adults About Managing Wealth

Stepping Into Building Your Wealth | Why You Need to Open a CD Right Now | What Is 401(k) Student Loan Matching? Created for {EMAIL} | [Web Version]( January 17, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Instagram ]( [Youtube]( [SIGN UP]( ⋅ [WEBSITE]( [] INTRODUCTION [] - [Stepping Into Building Your Wealth]( One of the first ways we save money as an adult is through our employer-provided retirement plans. If the youngsters in your life are moaning that student loan payments are eating into their ability to save for retirement — introduce them to the new 401(k) student loan matching account. This savings opportunity was created as part of the [SECURE 2.0 Act](. Kiplinger contributor Kathryn Pomroy explains [how employers can match student loan payments with contributions to a 401(k)](. - Donna LeValley, personal finance writer P.S. I welcome your questions and suggestions about this newsletter – you can reach me at d.levalley@futurenet.com [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 [Advertisement] [] TOP STORY [] [Why You Need to Open a CD Right Now]( [Why You Need to Open a CD Right Now]( (Getty Images) With interest rates in limbo, now is the time to lock in the 5+% rates being offered on CDs and high-yield savings accounts. Many people who have been sitting out these great savings rates are worried about the difficulty of opening a CD account. If you’re one of them, [read on for five easy steps to opening a CD account and why time is running out to get these great rate](. [] 401(k) ACCOUNTS [] [What Is 401(k) Student Loan Matching?]( [What Is 401(k) Student Loan Matching?]( (Getty Images) If th recent graduates in your life are deferring 401(k) contributions to pay down their student loans they have run out of excuses. The SECURE 2.0 Act made it possible for employers to help their employees that are paying down college debt. [Keep reading to learn more about the 401(k) student loan match opportunity](. [Earn $200 After Spending $500]( Spend $500 and earn $200 with these cards. Unlimited cash rewards. Start racking up huge rewards. [LEARN MORE]( ADVERTISEMENT [] MANAGING AN INHERITANCE [] [4 Ways to Teach Young Adults How to Manage Great Wealth]( [4 Ways to Teach Young Adults How to Manage Great Wealth]( (Getty Images) Educating the next generation about the importance of responsibly managing their wealth requires the right strategy, thoughtful intent and sometimes difficult conversations, all preferably done way before the actual asset transfers happen, says chief wealth strategist Alvina Lo. [Wealthy families can use these four planning strategies to instill wealth education as part of the actual asset transfer](. [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 [Advertisement] [] ALSO ON KIPLINGER [] - Flight [disruptions continue]( as winter weather wreaks havoc - [Mortgage demand increases]( 10.4% as interest rates decline - Earn Delta [SkyMiles worth up to $720]( - House and Senate leaders [race to build support for latest funding extension]( to avoid a government shutdown ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. Kiplinger is a trusted provider of unbiased financial advice, objective business and economic forecasts, and practical help to millions of business professionals, investors, and individuals seeking to make more profitable decisions with their money. Our [flagship publications]( include [Kiplinger Personal Finance]( magazine, [The Kiplinger Letter]( [The Kiplinger Tax Letter]( [Kiplinger Retirement Report]( and [Kiplinger Investing for Income.]( All are regarded as the leading publications in their respective fields. Every day, millions of readers rely on our [free e-newsletters]( for help on everything from getting the best rate on a mortgage or car loan, to managing their businesses in an uncertain world, avoiding an IRS audit, building wealth for a secure retirement, or investing wisely in any kind of market. Now it’s your turn to reap all the rewards Kiplinger has to offer. Visit [Kiplinger.com](, your gateway to all of the above and much more. Check in any time for our latest advice on how to make more money, and keep more of the money you make. Stay right on the money, with Kiplinger. [Sign Up]( | [Print Publications]( | [Unsubscribe]( [Privacy Policy]( | [Cookies Policy]( | [Terms and Conditions]( CONTACT US: [FEEDBACK](concat('mailto:',$brief_feedback_email)) | [ADVERTISE]( [Future]( Future US LLC © Full 7th Floor, 130 West 42nd Street, New York, NY, 10036