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Kiplinger's Personal Finance

Kiplinger's Personal Finance June 2019

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).

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United States
12 Issues

in this issue

1 min.

FILE AN APPEAL Was your property assessed at an unreasonably high value this spring? We share eight steps you can take to fight the higher tax bill. kiplinger.com/links/propertytax EARNINGS BEATERS We found 19 stocks that have repeatedly beat analysts’ estimates—and soared as a result. kiplinger.com/links/earnings RETIRE TO ARIZONA? We reveal nine things you should know before you commit to spending the second half of your life in the Grand Canyon State. kiplinger.com/links/arizona 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 kiplinger.com/links/ktoday. FACEBOOK: KiplingerPersonalFinance TWITTER: @Kiplinger…

3 min.
car buying is stressful

Buying a car is one of the most anxiety-producing financial tasks many people will ever tackle. Cars have price tags, of course, but everyone knows you’re not supposed to pay the full sticker price and that you’ll have to haggle face-to-face with the dealer to get a good deal. So car shoppers long for transparency and to be able to lock in the price of the vehicle online. That’s why online “no haggle” services are popular. The Goliath in this space is TrueCar. According to the TrueCar website, a participating dealer gives you “an up front, discounted price that includes all fees, accessory costs and incentives.” But as David Muhlbaum reports in “Drive Time,” on page 71, TrueCar has some caveats that you should know about before you use the site…

3 min.
de-risk and be prepared

As a young professional, I have worked hard to decrease my financial risk, and I had already taken many of the steps noted in your article (“De-Risk Your Finances,” April). At the same time, I learned some really helpful tips. For example, your advice about car insurance liability limits made me question my coverage levels. I checked, and mine were way too low. I’ve adjusted my coverage and feel much more prepared in case of an accident. Thank you for spelling out concrete actions we can take to improve our finances. RAYSA LEERSILVER SPRING, MD. The simple budget breakdown of the 50-20-30 rule doesn’t mention giving to charitable and/or religious organizations. Many of these entities do tremendous good for our communities. That wouldn’t be possible without financial support from individuals. CRAIG BOLLENBACHNIXA, MO. EDITOR’S…

2 min.
medicare for all: promise and perils

WHILE REPUBLICANS PAUSE in their battle against Obamacare until after 2020, Democrats have again set sail toward health care reform. And the intended destination is familiar: expanding coverage for the nation’s uninsured millions while trying to rein in runaway costs. Few experts (or politicians) question the need for reform; the U.S. spends more per capita on health care than any developed nation as the life expectancy of Americans continues to decline. One proposal—Medicare for All—has emerged as an early favorite, pocketing endorsements from presidential candidates and currently enjoying broad support among voters. But the phrase’s popularity may obscure its political weight: Medicare for All represents a radical shift to a nationalized, single-payer system that would eliminate most of the private insurance industry. The immediate political barrier is price. Federal spending would balloon…

2 min.
a healthy job market for new grads

Edwin Koc is research director at the National Association of Colleges and Employers, which connects colleges and universities with recruiting professionals. With the unemployment rate at historic lows, how difficult will it be for new graduates to find a job? This year’s graduates will have an easier time finding work than at any time in the past decade. We expect U.S. employers to increase hiring of new college graduates by 11% compared with last year. Many companies are trying to fill the talent pipeline as baby boomers retire. Accounting, engineering, management consulting and advertising, as well as motor vehicle manufacturing and high-tech electronics manufacturing, will lead the way. But the labor market is strong across the board, and graduates may receive multiple job offers. Will graduates have more bargaining power when it…

1 min.
cash back for apple fans

CLOSE TO FIVE YEARS AFTER THE LAUNCH OF APPLE PAY FOR IPHONE users, Apple has introduced a credit card built into its mobile wallet. Though the card looks cool and has high-tech features, other rewards cards already on the market may be a better deal (see “The Best Rewards Cards for You,” on page 24). Apple encourages users to pay with their phone everywhere Apple Pay is accepted and to use the physical card when that’s not an option. The card will be available in the U.S. this summer. ▸ Rewards are Apple-friendly You get 3% cash back on what you spend at the Apple Store, Apple.com, the App Store or iTunes; 2% for purchases made with Apple Pay; and 1% for purchases of non-Apple or non–Apple Pay items using the physical…