Avoid Retirement Regrets: Five Facts to Know Now, The Perfect Time to Buy Life Insurance, Should You Take Your Pension’s Survivor Option?

Here's How to Put Your Lazy Money to Work | What to Know About Beneficiaries for Inherited IRAs | When Is the Perfect Time to Buy Life Insurance? Created for {EMAIL} | [Web Version]( May 19, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Building Wealth]( [Youtube]( [Building Wealth]( [SIGN UP]( ⋅ [WEBSITE]( [] Personal Finance [] [Here's How to Put Your Lazy Money to Work]( [Here's How to Put Your Lazy Money to Work]( (Getty Images) A fat savings account may feel good, but letting your money just sit there could cost you more than you realize. Financial adviser JB Beckett offers some suggestions for [putting that money to work](. [] Estate Planning [] [What to Know About Beneficiaries for Inherited IRAs]( [What to Know About Beneficiaries for Inherited IRAs]( (Getty Images) Elder law attorney Patrick M. Simasko points out that the [rules for how to handle an inherited IRA differ]( depending on the named beneficiary. You should also consider the tax implications of required minimum distributions (RMDs) for your heirs. [Get Your Retirement on Track]( As you're deciding when to retire, you'll need to think about how much money you're likely to spend each year. Vanguard advisors are here to help investors like you make more informed and confident financial decisions. [LEARN MORE]( ADVERTISEMENT [] Insurance [] [When Is the Perfect Time to Buy Life Insurance?]( [When Is the Perfect Time to Buy Life Insurance?]( (Getty Images) This is not an easily answered question, other than 'when you're the youngest and healthiest you can be.' Your occupation, habits and extracurricular activities will also [affect your premium](, according to insurance expert Karl Susman. [] Financial Planning [] [Should You Take the Survivor Option on Your Pension?]( Financial planner Joe F. Schmitz Jr. makes the case that, in some cases, you could buy life insurance instead and get a better deal in protecting your spouse. There are some things to keep in mind, though. [Read More]( [Top 5 Wealth Management Firms in the US]( If you're looking for help with wealth management, retirement, or tax planning, finding the top financial advisor in the United States means choosing between thousands of options. Check out the list of top 5 firms in the US for individual investors. [See the list]( ADVERTISEMENT [] Retirement Planning [] [Avoid Retirement Regrets: Five Facts to Learn Now]( Is your retirement planning full of holes? Financial planner Jenna Lolly notes that unless you fully understand a few key points, you could be setting yourself up for some surprises. [Read More]( [Is your money working hard enough?]( It should be! Learn how Betterment's automated investing and savings technology can make your money hustle, while you don't. [LEARN MORE]( ADVERTISEMENT [] RELATED KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [As Florida condo prices fall, what's a condo seller to do?]( Mandates that associations have adequate reserve funds for maintenance and repairs mean older buildings could be retired to make way for new development. [What is a lifestyle analysis in divorce?]( Divorcing high-net-worth couples, especially those in a gray divorce, often require a lifestyle analysis to determine how much spousal support is appropriate. [What to consider when hiring a remote financial adviser]( Working with a financial adviser who isn't local isn't as big of a deal as it used to be, but there are still some things to think about before diving in. 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. 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