Mistakes to Avoid in Retirement Tax Planning, Avoid Probate by Using Trusts for Estate Planning, Nine of the Biggest Regrets This Financial Planner Sees

Act Now to Avoid Missing Out on Tax Cuts | Three Habits of Successful Wealth Management Clients | Nine of the Biggest Regrets I See as a Financial Planner Created for {EMAIL} | [Web Version]( March 6, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Building Wealth]( [Youtube]( [Building Wealth]( [SIGN UP]( ⋅ [WEBSITE]( [] Taxes [] [Act Now to Avoid Missing Out on Tax Cuts]( [Act Now to Avoid Missing Out on Tax Cuts]( (Getty Images) Estate and gift tax exemptions are at an all-time high until the end of 2025. That may seem like a long way off, but attorney Christopher F. Tate warns that setting things up [could take longer than you might expect](. [] Saving for Retirement [] [Three Habits of Successful Wealth Management Clients]( [Three Habits of Successful Wealth Management Clients]( (Getty Images) Wealth adviser Adam Lampe notes that clients are more likely to [meet their financial objectives]( if they're totally honest, take action in a timely manner and are actively engaged. [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 [] Financial Planning [] [Nine of the Biggest Regrets I See as a Financial Planner]( [Nine of the Biggest Regrets I See as a Financial Planner]( (Getty Images) Financial planner Andrew Rosen shares a list of [common regrets among older people](. Maybe there's something on the list that you can address in your own life while there's still time. Featured Content Sponsored Content from Kiplinger Advisor Collective [Expand Your Influence in the Financial Industry]( Join the Kiplinger Advisor Collective: the ultimate platform for financial experts. Network, build your brand, and share your expertise with readers. [Inquire Now]( [] Estate Planning [] [To Avoid Probate, Use Trusts for Estate Planning]( Estate planning attorney Rustin Diehl explains how revocable and irrevocable trusts ensure assets go to beneficiaries without them having to endure the long, expensive and public process of probate. [Read More]( [Don't Bet Your Retirement on the Stock Market. Follow these 4 Tips]( If your retirement savings are in the stock market, you need to manage your risks. Here are four tips to consider in a plan for income: 1. Lifetime annuities 2. High dividend portfolio 3. Balanced portfolio for IRA withdrawals 4. Conservative estimate of market performance Go2Income plans average a starting income of 5.5% – following this advice. Get your number with a complimentary Go2Income plan today. [Order Your Plan]( ADVERTISEMENT [] Retirement Planning [] [Three Mistakes to Avoid in Retirement Tax Planning]( Having a good tax plan can help keep you on top of what you need to do to maximize your savings for your golden years. Financial planner Tony Drake highlights three mistakes to avoid. [Read More]( [Strategies to Minimize Your Tax Burden]( Making your savings last and keeping your taxes low takes planning and attention. Our advisors can help you save time and earn more. [LEARN MORE]( ADVERTISEMENT [] RELATED KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [Stocks could remain strong (fingers crossed) throughout 2024]( Reasons for optimism: The worst of inflation appears to be behind us, the Fed could start cutting rates, and it seems we'll avoid a recession. [Ready for a career checkup? 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