Kiplinger's Personal Finance January 2022

Written to help you do a better job of managing your personal and family financial affairs and to help you get more for your money. You get ideas on saving, investing, cutting taxes, making major purchases, advancing your career, buying a home, paying for education, health care and travel, plus much, much more. Special issues cover the latest information about car buying (December) and Mutual Funds (March and September).

United States
9,31 $ CA(TVA Incluse)
46,59 $ CA(TVA Incluse)
12 Numéros

dans ce numéro

1 min

TAX BREAKS FOR THE MIDDLE CLASS The expanded child credit has gotten lots of attention, but there are other benefits for the taking (and you don’t even need kids). RETIREMENT NUMBERS AREN’T EVERYTHING Relying on exact values for your nest egg, replacement income and other retirement targets can breed complacency. 30 BEST STOCKS OF THE PAST 30 YEARS Amazon and Apple? Sure. But our list of the 30 global stocks that created the most wealth has some surprises. Kiplinger Today Profit from the best of Kiplinger delivered to your e-mail inbox every weekday. Sign up for our Kiplinger Today e-newsletter at FACEBOOK: KiplingerPersonalFinance TWITTER: @Kiplinger INSTAGRAM: @KiplingerFinance…

3 min
kiplinger’s esg 20

Great article about the rise of ESG investing and the debut of the Kiplinger ESG 20 (“Introducing the Kiplinger ESG 20,” Nov.). It’s promising that Kiplinger and Domini Impact Investing’s poll showed a majority of respondents say a company’s environmental, social and corporate governance practices are important to them when choosing investments. Lists like the Kiplinger ESG 20 will continue to help investors choose companies and funds that excel at meeting ESG challenges. Thank you for your coverage of this issue, and I look forward to reading more. JOHN HOEPPNER CHICAGO With much dismay, I read the articles on so-called ESG investing. This woke politicization is infecting everything in our society, to its detriment. No wonder ESG investing is doing well—there is a war on fossil fuels. Banks are blacklisting energy companies. Our…

3 min
plan a family money talk

The pandemic is subsiding, and life is gradually returning to normal, so you may be planning a traditional family gathering for the holidays. With you and your adult children (or you and your parents) all together in one nonvirtual place, consider broaching the topic of money. I don’t mean you should have a sensitive financial discussion over the turkey dinner or during halftime while watching football. What I’m suggesting is that parents and adult children gently bring up the subject and plan a time in January or February to start sharing crucial information about each other’s finances. Information sharing. Talking about finances is not easy for most of us. Among Americans, it’s often considered impolite, even taboo. In families, the reasons for not discussing details about finances varies. Parents may be reluctant…

4 min
there’s no vaccine against inflation

ONE OF THE SAD IRONIES OF THE waning COVID-19 pandemic is that just as Americans feel ready to dine in restaurants, board an airplane or go shopping in an actual store, everything seems a lot more expensive than it was a year ago. That’s not an illusion. Consumer prices rose 0.9% in October, up 6.2% from a year earlier, the largest increase in 31 years. Prices have risen across the board, affecting everything from eggs to TVs (see the chart below for some of the hardest-hit categories). Kiplinger forecasts an inflation rate of 2.8% by the end of 2022, a decline from 2021 but higher than the average annual rate of 2% over the past decade. Contributing factors: Wage growth. In what has been dubbed the Great Resignation, millions of workers have left…

3 min
post-pandemic money advice

Laurence Kotlikoff is a professor of economics at Boston University and author of Money Magic: An Economist’s Secrets to More Money, Less Risk, and a Better Life. He also developed MaxiFi Planner and Maximize My Social Security—software programs designed to help users raise their living standards by getting the most out of their Social Security benefits. In its most recent annual report, the Social Security Board of Trustees said that if nothing is done, the trust fund will be depleted by 2033, which would mean Social Security would be able to pay out only 76% of promised benefits. What do you say to people who plan to file at age 62—which results in about a 25% cut in benefits—because they’re afraid the program will run out of money? I have run through…

2 min
how a rising cost of living will affect social security

SOCIAL SECURITY BENEFICIARIES WILL receive a 5.9% cost-of-living adjustment in their Social Security benefits in 2022, the biggest jump since 1982, when benefits rose 7.4%. In 2021, the COLA was just 1.3%. The average monthly benefit will rise from $1,565 to $1,657, or $92 a month. The average monthly payment for a married couple who are both receiving benefits will increase to $2,753, from $2,599. But given price hikes for everything from gas to restaurant meals, some seniors may discover that the pay raise will fall short of increases in their cost of living—particularly when health care costs are taken into account. Medicare Part B premiums for 2022 hadn’t been announced at press time, but they’ve historically increased at a higher rate than Social Security benefits, according to an analysis by…