Does it Take $1M to Be Happy?

And, who needs umbrella insurance and why. Created for {EMAIL} | [Web Version]( October 14, 2024 FOLLOW US:  [LinkedIn]( [Facebook]( [Instagram]( [A Step Ahead]( [SIGN UP](format=multipart) ⋅ [WEBSITE]( [] INTRODUCTION [] [Stepping Into Happiness]( Can money make you happy? According to a poll, about 60% of Americans believe money can buy happiness. Of course, having money can make life more comfortable and free from want — but that doesn’t always equate to happiness. It is a topic that Nobel laureates, economists and professors have researched and written about extensively and come to contradictory conclusions. Kiplinger contributor Jacob Schroder took [a comprehensive look at the nexus of money and happiness]( with surprising and not-so-surprising results about how much makes you happy. - Donna LeValley, personal finance writer [Key Actions to Take to Start Estate Planning]( Start planning your future with this estate planning checklist. From naming beneficiaries to drafting a will, we cover key actions to take that reflect your goals and values. [READ MORE]( ADVERTISEMENT [] Best High-Yield Savings Accounts [] [Maximize Your Earnings with a High-Yield Savings Account]( (Getty Images) [Maximize Your Earnings with a High-Yield Savings Account]( Everyone needs liquid investments to tap into to cover unexpected expenses or a place to park cash when they have liquidated investments to pay college tuition or pull together a down payment on a house. A high-yield savings account can provide a secure place to stash your cash and earn at least 5% interest. BUTTON: 10 HYSAs Paying 5% [10 HYSAs Paying 5%]( [] 401(k) Retirement Plans [] [New Job? Time to Start a 401(k) Plan]( (Getty Images) [New Job? Time to Start a 401(k) Plan]( Whether you have a new job or haven’t gotten around to it, you should take advantage of every benefit your employer provides. Compensation packages include the value of employer-matching contributions. You’re leaving money on the table if you don’t contribute enough to “soak up” the matching funds. [5 Steps To A 401(k)]( [7 Secrets About Hiring a Financial Advisor]( Working with a financial advisor can be a crucial part of any healthy retirement plan. But choosing the wrong one could wreak havoc. Check out these 7 secrets comfortable retirees know about hiring an advisor, so you can work to potentially save years of stress. [See the list]( ADVERTISEMENT [] LIMITING YOUR LIABILITY [] [How Much Umbrella Insurance Do You Need?]( (Getty Images) [How Much Umbrella Insurance Do You Need?]( If you have a lot of assets or a high chance of being sued, purchasing an umbrella insurance policy makes more sense. Certain activities and lifestyle risks, such as renting out your property or owning a dog, raise the likelihood of someone suing you. [10 Reasons To Buy]( [Start an HSBC Premier Relationship Today]( Earn up to $2,500 when you complete the qualifying activities. Enjoy premium, international banking with priority services and global support, and no HSBC fees on everyday transactions. [Start today.]( Limited time offer, conditions apply. Member FDIC. [Learn More]( ADVERTISEMENT [] OTHER KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [How Employers Can Ensure They're Paying All Employees Fairly]( 'Equal pay for equal work' has been the law since 1963, but pay gaps due to gender, race and other characteristics persist. How does a company get it right? [Kiplinger Energy Outlook: Escalation in Middle East Gives Oil Prices a Boost]( While prices at the pump have been falling steadily this summer, that trend is about to reverse. [UTMA: A Flexible Alternative for Education Expenses and More]( This custodial account can be used to pay for anything once the beneficiary is considered an adult in their state. Here are some important considerations. [From building wealth for a secure retirement or investing wisely in any market to money-saving tax planning and much more — Sign up to explore more free e-newsletters here](. 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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