2024 Medicare Premium Levels | Money Lessons from a Dad | How Social Security Affects Your Taxes

What You Pay for Medicare in 2024 | 8 Tips to Declutter Your Home Before Your Retirement Move | Social Security and Your Taxes: Five Things to Know Created for {EMAIL} | [Web Version]( September 9, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Instagram]( [Retirement Tips]( [SIGN UP](format=multipart) ⋅ [WEBSITE]( [] Your Medicare [] [What You Pay for Medicare in 2024]( [What You Pay for Medicare in 2024]( (Getty Images) Medicare premiums for 2024, and the cost of Medicare Part A Deductible, Medicare Part B and Part D premiums, have increased. It’s important to [understand your out-of-pocket Medicare costs](, which will vary depending on your income and the type of plan you choose. [Strategies to Help Maximize your Income in Retirement]( Spending your hard earned retirement money can be complicated—and it's important to make the right decisions that will help your savings last. Vanguard Personal Advisor is built to provide you an ongoing collaboration with our professional advisors — so you can retire with the support you need. [LEARN MORE]( ADVERTISEMENT [] Real Estate Moves [] [8 Tips to Declutter Your Home Before Your Retirement Move]( [8 Tips to Declutter Your Home Before Your Retirement Move]( (Getty Images) With the seasons changing from summer to fall, you may be changing seasons of your life, too, including looking for ways to ready your home for selling, moving or downsizing. Retirement, or planning for it, is the perfect time to [emphasize keeping only those items that “spark joy” in you.]( [] Social Security [] [Social Security and Your Taxes: Five Things to Know]( [Social Security and Your Taxes: Five Things to Know]( (Getty Images) When it comes to Social Security, there is often confusion and misinformation about how taxes come into play. So, it is crucial to understand [how taxes on your Social Security benefits work]( and how they can affect your financial situation. [] Teaching the Next Generation [] [Five Money Lessons From a Dad — and a Financial Adviser]( [Five Money Lessons From a Dad and a Financial Adviser]( (Getty Images) Hey, parents: Do you have a clear plan for [teaching your kids about money](? Get started now, with a little help from a friendly financial professional. Adviser Frank J. Legan shares five key financial lessons he’s learned on his own parenthood journey. [Best Compounding Interest Investments in Preparing for Retirement]( If you invested in an S&P 500 index fund starting in January 2000 until September 2020 your average annualized return would have been 4.2%, a cumulative return of 136%. But if you reinvested all dividend payments your annualized return would have been 6.2%, a cumulative return of 247%. Just reinvesting dividends would have nearly doubled your gains. 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