Is Lifestyle Creep Limiting Your Wealth? | A Great Financial Adviser Finds Your Problems | This Combo Can Transform Your Retirement Plan

Wait, My Homeowners Insurance Limits What? | A Great Financial Adviser Starts With Finding Problems | How Women Can Win the Retirement Savings Struggle Created for {EMAIL} | [Web Version]( August 4, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Building Wealth]( [Youtube]( [Building Wealth]( [SIGN UP]( ⋅ [WEBSITE]( [] Insurance [] [Wait, My Homeowners Insurance Limits What?]( [Wait, My Homeowners Insurance Limits What?]( (Getty Images) You might be surprised by the limits on what your homeowners policy covers, but there's a reason for that. According to insurance expert Karl Susman, there's also [something you can do about it](. [] Financial Planning [] [A Great Financial Adviser Starts With Finding Problems]( [A Great Financial Adviser Starts With Finding Problems]( (Getty Images) Dr. Richard P. Himmer, a psychologist, writes that a really good financial adviser first identifies a client's financial problems. They then [solve those problems](, with a focus on the client's wants, needs, values and short- and long-term goals. [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 [] Women & Money [] [How Women Can Win the Retirement Savings Struggle]( [How Women Can Win the Retirement Savings Struggle]( (Getty Images) From caregiving demands to long life expectancies, retirement planning for women is tricky. Luckily, [every challenge can be overcome]( with the right solution, according to elder law attorney Kelsey Simasko. [] Personal Finance [] [How to Keep Lifestyle Creep From Hurting Your Wealth]( While it's important to enjoy life when you're doing well, getting carried away could affect your wealth. Here's what you should do to prevent lifestyle creep, courtesy of financial planner Eric Roberge, who's had to tame some lifestyle creep of his own. [Read More]( [Maximize Returns with Self-Directed IRAs]( Leverage a Self-Directed IRA to invest in private REITs. Benefit from tax advantages, deferred capital gains, and diversified assets. Enjoy higher returns and consistent income growth. Invest in stable commercial and industrial real estate to build a strong and secure retirement strategy with CRE Income Fund. [READ MORE]( ADVERTISEMENT [] Retirement Planning [] [Transform Your Retirement Plan With This Powerful Combo]( If you're a retiree looking for the trifecta of income, liquidity and legacy in your retirement plan, consider combining a QLAC and an HECM. Investment adviser Jerry Golden explains how. [Read More]( [When Can I Retire?]( 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 [] RELATED KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [Three Medicare changes on the horizon for 2025]( Medicare beneficiaries will have a lower out-of-pocket maximum for their Part D prescription drug coverage in 2025. [Best countries to retire 2024: Costa Rica tops the list]( Costa Rica leads the list of the best countries to retire in the world in 2024, according to a new study from International Living. [Got a hot rate on a money market account? Think again]( After taxes and inflation, the real return you get may not be as good as you think. Here's another approach to consider: fixed deferred annuities. 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. 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