Could a Govt Shutdown Disrupt Social Security?, How to Handle Divorce in Retirement, 401(k) Loan? Do This Instead

Step-by-Step Guide to Retirement Planning by Age | How Social Security Would Be Affected By A Government Shutdown | How a Backdoor Roth IRA Works (and Its Drawbacks) Created for {EMAIL} | [Web Version]( January 18, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Instagram]( [Retirement Tips]( [SIGN UP]( ⋅ [WEBSITE]( [] Retirement Planning [] [Step-by-Step Guide to Retirement Planning by Age]( [Step-by-Step Guide to Retirement Planning by Age]( (Getty Images) Most people think you should save for retirement until it's time to retire, when you have enough money stashed away to start your permanent vacation. Jared Elson, Investment Adviser, instead advises [retirement planning]( in [phases of life](, each with its own unique best practices. [] Social Security [] [How Social Security Would Be Affected By A Government Shutdown]( [How Social Security Would Be Affected By A Government Shutdown]( (Getty Images) Another month, another round of discussions to ward off a [government shutdown](. We break down the ripple effects of a potential shutdown on Social Security benefits and services, one of several key elements of [how a government shutdown could affect you](. [] IRAs [] [How a Backdoor Roth IRA Works (and Its Drawbacks)]( [How a Backdoor Roth IRA Works (and Its Drawbacks)]( (Getty Images) High earners can get around income limits on [Roth IRA]( contributions by converting other IRA accounts to Roths, but there are some caveats. Bruce Willey, CPA, explains the pros and cons of [backdoor Roth IRAs]( for high earners. [] Retirement Mindset [] [Turning 65 This Year? Here Are 10 Key Things To Know]( [Turning 65 This Year? Here Are 10 Key Things To Know]( (Getty Images) 65 is a great age to consider the changes that will come to your life affecting your finances, your [health and general physical well-being](. Consider our list of ten [important milestones and red flags for 65 year olds]( to monitor. 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.]( [] 401(k)s [] [Considering a 401(k) Loan? What You Can Do Instead]( [Considering a 401(k) Loan? What You Can Do Instead]( (Getty Images) As of last fall, nearly 3% of workers with employer-sponsored [401(k) plans]( borrowed from these retirement accounts. Ken Moraif, CFP, walks through the long-term implications of [401(k) loans]( and suggests alternative solutions for retirement savers. [] Money & Relationships [] [Five Tips if You're Getting Divorced in 2024]( [Five Tips if You're Getting Divorced in 2024]( (Getty Images) The decision to seek a [divorce]( is a huge one -- one which has consequences that will impact the trajectory of one's financial future, family and retirement. Wealth adviser Julia Pham shares five pieces of seasoned [guidance for divorcees]( at the beginning, middle and end of the process. 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