How to Handle Late-Career Layoffs, Florida Retirement Do’s/Dont’s, Overcome Retirement Identity Loss

Turning 65 This Year? 10 Key Milestones to Consider | What You Need to Know About RMDs for 2024 | Taxes in Retirement: How All 50 States Tax Retirees Created for {EMAIL} | [Web Version]( February 5, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Instagram]( [Retirement Tips]( [SIGN UP]( ⋅ [WEBSITE]( [] Retirement Planning [] [Turning 65 This Year? 10 Key Milestones to Consider]( [Turning 65 This Year? 10 Key Milestones to Consider]( (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. [] RMDs [] [What You Need to Know About RMDs for 2024]( [What You Need to Know About RMDs for 2024]( (Getty Images) Seniors who are already taking [required minimum distributions]( (RMDs) from IRAs and other retirement plan accounts should plan for these higher distributions than 2023. Chris Gulotti, CFP, explains that while [calculating RMDs may seem mysterious](, the method is rather simple. [Trending Stocks Sent To You In Real Time]( Sign up today and get instant access to our next stock alert! You do not want to miss out on this next pick! Our stock picks have been known to soar! [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](. [] Retirement Lifestyle [] [10 Things You Need to Know About Retiring to Florida]( [10 Things You Need to Know About Retiring to Florida]( (Getty Images) As you consider retirement, approximately 1,000 people per day are on their way to [Florida]( with all their belongings. But the Sunshine State isn't all beaches, Disney World and The Villages. We interviewed experts and residents for [insider tips on retiring to Florida](. [Out Of This World Stock Picks]( Sign up today and get instant access to our next stock alert! You do not want to miss out on this next pick! Our stock picks have been known to soar! [LEARN MORE]( 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.]( [] Career [] [Layoffs Could Be Coming: What if You're Near Retirement?]( [Layoffs Could Be Coming: What if You're Near Retirement?]( (Getty Images) According to a recent report, 92% of employers are predicting [more layoffs](. But what happens if you find yourself out of a job right before you're set to retire? Tony Drake, CFP, explains how [planning for a job loss]( will set your finances up for success if it should happen. [Insane Stock Alerts Sent Right To You!]( Sign up today and get instant access to our next stock alert! You do not want to miss out on this next pick! Our stock picks have been known to soar! [LEARN MORE]( ADVERTISEMENT [] Retirement Mindset [] [How to Overcome Identity Loss in Retirement]( [How to Overcome Identity Loss in Retirement]( (Getty Images) Identity loss poses a significant challenge for retirees due to the strong connection we often have between [our sense of self and our professions](. Here are some strategies to help you [embrace a new identity]( and progress toward a rewarding retirement. 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