How to Generate $20K More a Year in Retirement

PLUS: To Be Happy in Retirement, Use Your 'Nuts'

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BUILDING WEALTH How to Generate an Extra $20,000 a Year in Retirement That amount of money could change your life. Jerry Golden of Golden Retirement Advisors outlines a planning change you could make to help make that happen. Plus: 7 of the Best Places to Retire READ MORE Are You Financially Resilient? 5 Steps to Boost Your Economic Security Being able to bounce back from adversity is a necessity, because chances are you’re going to face one (or more) setbacks during your lifetime. From a job loss to a health crisis, Jacob Schroeder of Advance Capital Management discusses how to take a punch, pick yourself up and get back in the fight. Plus: Rebuilding Emergency Savings in 2021: Take a Realistic Approach READ MORE SPONSORED CONTENT FROM NORTHERN TRUST The Tax Efficient Investor: Preparing Portfolios for Change Should you realize capital gains given possible tax policy changes? Explore tax efficient strategies for changing tax policy. Ready for Reform? READ MORE You Might Save on Taxes Just by Shifting Your Investments Around A quick look at your 2020 tax return can reveal some easy ways to reduce your taxes this year. One is to reallocate your investment income to make it more tax-efficient. And it’s not as complicated as it sounds, according to Mike Piershale of Piershale Financial Group. Plus: How to Generate Tax-Efficient Retirement Income READ MORE To Be Happy in Retirement, Don’t Be Afraid to Use Your ‘Nuts’ Forage, dig, bury, repeat. That’s what squirrels do with nuts, and it’s basically what retirement savers do too. However, while squirrels dip into their stash when needed, many retirees are too scared to do the same. Don’t hoard your nuts: Enjoy them! Michael R. Panico of Arcadia Financial Group shares how. Plus: Are You Still Chasing the Almighty Dollar, Even Though You Have Plenty to Retire? READ MORE Dream of Working Abroad? Beware of Some Serious Financial Pitfalls You can work anywhere now, so why not go wild and try the expat life in some exotic locale you’ve always dreamed of? OK, but first you need to research the tax, insurance and retirement savings hurdles that can involve, advises Matt J. Goren of The American College of Financial Services. Plus: 7 Foreign Countries Luring Americans to Work Abroad During the Pandemic READ MORE SPONSORED CONTENT FROM CAPITAL GROUP Are You Saving Enough for Your Child's Education? With college savings, it pays to be an early bird – for a few crucial reasons. First, the sooner you start, the less you or your child may have to borrow. The College Board recently reported that more than half of students today graduate with loans, and that the average debt is $28,800 for those with bachelor's degrees as of the 2018-19 academic school year. READ MORE   ALSO ON KIPLINGER   Should We Be Worried about Inflation?   How Biden’s Tax Plan Could Affect Your Real Estate Investments   Sign Up Free for Kiplinger's Retirement E-Newsletter to Plan for and Make the Most of a Richly Rewarding Retirement     Send this to a friend. Click here. All content ©2021 The Kiplinger Washington Editors 1100 13th Street, NW, Suite 1000 Washington, D.C. 20005 Thank you for subscribing to Building Wealth, a free weekly e-newsletter where financial pros across the country share best practices and fresh tactics to preserve and grow your wealth. If you ever wish to stop receiving this service, please click here to unsubscribe.