What to Do With Extra Retirement Income, How to Score Longevity Protection, What Happens With Your Money When You Retire Abroad

This Guide Helps You Get Your Digital Assets in Order | How Tax-Loss Harvesting Can Lower Your Tax Bill | For Longevity Protection, Consider a QLAC Created for {EMAIL} | [Web Version]( March 17, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Building Wealth]( [Youtube]( [Building Wealth]( [SIGN UP]( ⋅ [WEBSITE]( [] Estate Planning [] [This Guide Helps You Get Your Digital Assets in Order]( [This Guide Helps You Get Your Digital Assets in Order]( (Getty Images) Estate planning attorney Justin Stivers explains [how to put together a digital estate plan]( that lets your loved ones know what should happen to your email and social media accounts, photos and more after you're gone. *Stay up to date with Kiplinger. Follow us on your preferred social media platform(s): - [Facebook]( - [X]( (Twitter) - [Instagram]( - [TikTok]( [] Taxes [] [How Tax-Loss Harvesting Can Lower Your Tax Bill]( [How Tax-Loss Harvesting Can Lower Your Tax Bill]( (Getty Images) This fairly straightforward tax strategy may help you reduce your capital gains taxes, but financial adviser Adam Frank warns taxpayers to [beware of triggering the wash sale rule](. (For more on taxes, check out our weekly [Tax Tips]( newsletter.) [You can do better than the 4% rule for retirement income]( Many advisors say you should only withdraw 4% of your savings at the start of your retirement. With Go2Income you'll get a plan with income that: 1. Starts between 4.5% to 6.5% 2. Increases to age 85 3. Does not run out 4. Factors in your personal objectives See how you can increase your retirement income with a complimentary Go2Income plan. [Order Your Plan]( ADVERTISEMENT [] Annuities [] [For Longevity Protection, Consider a QLAC]( [For Longevity Protection, Consider a QLAC]( (Getty Images) A qualifying longevity annuity contract, or QLAC, can help you define a better retirement for yourself by providing [guaranteed lifetime income](, according to investment adviser Jerry Golden. [] Retirement Planning [] [Want to Retire Abroad? What to Know About Your Money]( To prevent your retirement dream from becoming a nightmare, investor advocate Pam Krueger points out that you should carefully consider the logistical and financial hurdles of retiring outside the U.S. [Read More]( [How to Earn a Tax-Advantaged 10% Dividend Yield]( The average annual return of commercial real estate over 20 years is roughly 9.5%, nearly 1% greater than the S&P 500's average annual return of 8.6%. The CRE Income Fund pays an annual 10% dividend yield and is a long-term strategy that returns over $25,000 for every $10,000 invested over the next ten years. [READ MORE]( ADVERTISEMENT [] Retirement Management [] [What to Do With More Retirement Income Than You Need]( Attorney and retirement expert Stephen Dunbar offers three options that can help you allocate extra income in ways that don't push you into a higher tax bracket or trigger extra taxes. [Read More]( [Ask a Pro: What's the Best Way to Lower RMD Taxes?]( Ask an advisor. Try this no-cost tool to get matched with up to 3 vetted fiduciaries serving your area who can help you with your finances. It's never too late to work towards a comfortable retirement. [READ MORE]( ADVERTISEMENT [] RELATED KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [10 good reasons to revisit your will]( Life changes often, so taking a good look at your will every three to five years can ensure everything is up to date. [Opportunity zone investing still hot despite looming sunset]( Tax incentives and rise of niche fund strategies make the qualified opportunity zone program an attractive way to grow tax-free wealth. [Is investing in mutual funds worth it?]( It's important to ensure that your funds are truly diversified and not simply duplicates of other funds. Plus, distributions can cause trouble. For the latest ways to earn 5% to 7% cash yield safely and reliably, plus 4 Model Portfolios to show you exactly where to put your money, bank on [Kiplinger Investing for Income]( 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. 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