7 Things to Know When You Open a 401(k)

PLUS: Avoid These 3 Common Social Security Mistakes

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BUILDING WEALTH 401(k) Basics: 7 Things to Know When You Enroll When you start a job there’s a ton of paperwork to fill out, but don’t let that keep you from carefully considering what to do with your 401(k). Todd Schick of Aspire Wealth Management lists some basics to know to make the right moves. Plus: Your Secret Weapon to Help Win the Retirement Saving Battle: Roth 401(k) READ MORE Avoid These 3 Common Mistakes When Claiming Social Security With so many options and variables involved, it’s easy to make any of these three errors with your Social Security benefits, according to Dan Brooks of Xexis Private Wealth. Plus: What's Your Strategy for Maximizing Your Social Security Benefits? READ MORE SPONSORED CONTENT FROM VANGUARD PERSONAL ADVISOR Vanguard Can Help you Keep More of Your Returns At Vanguard, we're invested in you. Which is precisely why we've created Vanguard Personal Advisor Services®, providing remote access to expert financial advisors, real-time goal tracking, and more confidence you'll meet your goals. There's never been a more perfect time to get started. READ MORE IRA Tax Planning: Minimizing the RMD Ticking Time Bomb Couples with a bit of an age difference have an interesting strategy available to them to reduce taxes on their retirement savings due to required minimum distributions. Michael Aloi of Summit Financial tells how. Plus: When Roth Conversions Are the Right Move – and When They Aren’t READ MORE Britney Spears’ Sad Song … Warning: This Could Happen to You Being forced into conservatorship and losing all control over your life isn’t something that just happens in movies, like Netflix’s dark drama "I Care a Lot." And it doesn’t just happen to pop stars like Britney Spears. In fact, we all can learn something from Britney’s strange story, warns attorney John M. Goralka. Plus: Estate Planning Checklist: 5 Tasks to Do Now, While You’re Still Well READ MORE Are 1031 Exchanges Right for Me? There’s a possibility the tax-deferral benefit of such property exchanges could end for some high-net-worth real estate investors. That could speed up some property owners’ decisions, writes Casey Robinson of Waldron Private Wealth. Plus: Today’s Real Estate Market Requires Extra Vigilance READ MORE SPONSORED CONTENT FROM INNOVEGA Invest In the AR/VR Company With $6M in Government Contracts Innovega's patented smart contact lenses and glasses technology is designed to restore independence to a portion of the world's 217 million visually impaired while disrupting a $67B AR/VR market. READ MORE   ALSO ON KIPLINGER   Your Spouse Wants a Divorce … Now What?!   Why 99% of Business Owners are Leaving Money on the Table   Build a Better Portfolio in 2021 – Sign Up for Kiplinger's Free Investing E-Newsletters     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.