Why Retirement Planning is Like Mountain Climbing | United Airline Card Bonus | Extra Standard Deduction for 65+?

Why You Must Consider the Entire Journey in Retirement Planning | The Most Expensive States to Live in for Homeowners | The Extra Standard Deduction for People Age 65 and Older Created for {EMAIL} | [Web Version]( July 1, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Instagram]( [SIGN UP]( ⋅ [WEBSITE]( [] Top Story [] [Why You Must Consider the Entire Journey in Retirement Planning]( [Why You Must Consider the Entire Journey in Retirement Planning]( (Getty Images) Retirement planning is like climbing a mountain — getting safely down is as important as summiting. You must plan for not only getting to the withdrawal stage of retirement, but also getting through it. The goal of your investment portfolio isn’t to build the tallest mountain of assets, but to provide you with an acceptable monthly cash flow that you won’t outlive — a comfortable, stress-reduced walk around and down the mountain. See more about [how you consider the entire journey in retirement planning](. [] Planning a Move? [] [The Most Expensive States to Live in for Homeowners]( [The Most Expensive States to Live in for Homeowners]( (Getty Images) With property taxes, where your property is located can mean the difference between paying $1,000 per year or $9,000 per year. And the places on this list have the highest median property tax bills, making them [the most expensive states to live in (if you are a homeowner)](. [6 Things Not to Do When Selecting a Financial Advisor]( Working with a financial advisor can be a great first step to helping make sure you're on track to reach your retirement goals. But choosing the wrong one could wreak havoc. Check out these 6 things not to do when choosing a financial advisor, so you can work to potentially avoid years of stress. [See the list]( ADVERTISEMENT [] Tax Planning [] [The Extra Standard Deduction for People Age 65 and Older]( [The Extra Standard Deduction for People Age 65 and Older]( (Getty Images) You’ve probably heard about the standard deduction, but did you know that the tax code offers a perk in the form of an extra standard deduction for people aged 65 or older? If you’re 65 or older this year, you should keep this information in mind about [the extra standard deduction for your age group](. [] Personal Finance [] [Widows Share Their Financial Strategies]( [Widows Share Their Financial Strategies]( (Getty Images) Dealing with loss is overwhelming. Preparation, like getting involved in your finances and making a list of big-ticket household tasks, helps take away financial headaches so you can focus on yourself. Here, Kiplinger Personal Finance editor-at-large Janet Bodnar hears from [widows about strategies of what helped – or would have helped]( in the wake of the loss of their spouse. [This Billion Dollar Startup Wants to Help You Retire]( This Princeton grad's startup raised $161 million to help people plan for retirement. If you're one of the whopping 110 million Americans over the age of 50, or wisely planning ahead, SmartAsset's no-cost tool can help match you with up to 3 vetted financial advisors. [Learn more]( ADVERTISEMENT Featured Content Sponsored Content from Kiplinger Personal Finance Magazine [Build wealth. Cut taxes. Retire rich.]( Get a [FREE ISSUE]( of Kiplinger Personal Finance magazine, and save up to 74% to subscribe. Includes special issues such as Investing Outlook, Retirement Planning, Mutual Fund Roundup, and Guide to ETFs. Count on Kiplinger for trustworthy help to make more money, keep more of the money you make, and live a financially secure life. [CLICK HERE]( [] Savings [] [Are CDs or Money Market Accounts Better for You?]( It’s still a good time to be a saver. But what kind of account should you use? 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