Author: Money Mechanics

Each week in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter editor, answers questions on topics submitted by readers. This week, she’s looking at four questions on available tax breaks for retirees with a side hustle. (Get a free issue of The Kiplinger Tax Letter or subscribe.)1. Medicare premiumsQuestion: I am 72 years old, and I pay monthly Medicare premiums. I retired from my full-time job four years ago. I am now a part-time consultant and file Schedule C, reporting my income and deductions from my part-time gig, with my federal tax return. My financial advisor said…

(Image credit: Getty Images)”Buy an S&P 500 ETF” is maybe the most ubiquitous advice in the modern investing world. Financial advisers tell you to do it. I tell you to do it. And we even provide descriptions of the best index funds to buy.For the most part, investors listen. Dozens of ETFs are tethered to the S&P 500 in various ways, but only four directly track the index. And they’re among the most popular funds on the planet:The iShares Core S&P 500 ETF (IVV) has assets under management of $821.8 billion. The Vanguard S&P 500 ETF (VOO) has $817.5 billion,…

“Today” co-host Sheinelle Jones has revealed that she is moving out of the New York home she shared with late husband Uche Ojeh—admitting that she nearly threw out her wedding dress while packing up her longtime abode. Jones, 48, who lost her husband to cancer in May 2025, lifted the lid on the moving process while chatting about her relocation with her “Today” co-host Jenna Bush Hager this week, explaining that she has spent a great deal of time sorting out the belongings that were stored in the basement of her Livingston Manor dwelling. “I’m moving. The kids are going…

(Image credit: Getty Images)Graduation season is here! While most students fresh out of high school or college welcome a cash gift, you can go a step further by offering it in a way that helps them form good habits and sets them up for a bright financial future. Consider these options.Give them a savings boost.One of the best gifts you can give a young graduate is a jump-start on their savings. You could, for example, seed their emergency fund, giving them money to put in their savings account.Or you could supplement their retirement savings. If the grad is earning income,…

(Image credit: Getty Images)Retirement is what dreams are made of. You finally get to kick back, relax, and pursue all those things you never had time for. But sometimes it isn’t what you imagined.Perhaps you need extra cash, have too much time on your hands, or miss the social connections that come with going to work every day. Maybe it’s a little of all of the above. That may have gotten you thinking, should I go back to work in some capacity?If so, you aren’t alone. A recent AARP survey found that 7% of adults over 50 re-entered the workforce,…

Indian ride-hailing company Rapido said on Friday it had raised $240 million in fresh funding at a $3 billion valuation to compete better in the country’s growing but challenging mobility market. Led by Prosus, the equity round saw participation from existing investors, including WestBridge Capital and Accel. The round was part of a larger $730 million primary and secondary financing. Rapido was previously valued at $2.3 billion during a secondary transaction last year. Rapido said the fresh capital would be used to increase its footprint in high-growth markets, strengthen its driver network, and invest in technology and platform efficiency. “We…

(Image credit: Getty Images)For wealthy couples, a later-in-life divorce — colloquially referred to as a “gray divorce” — is rarely defined by the obvious fight over who keeps what.The real financial damage is usually buried in the technical details that receive too little attention and are discovered too late: The Social Security rule that turns on timing, the pension decisions or language that seem harmless until benefits begin, the retirement transfer that was “agreed to” but never properly implemented.In gray divorces, small procedural mistakes do not stay small. They compound quietly into real losses. When navigating a gray divorce, there…

(Image credit: Getty Images)For the past three years, shopping for insurance has felt about as productive as checking for flights during a blizzard. Carriers weren’t writing. Premiums were climbing. And if you did manage to find a quote, it usually came in higher than what you were already paying.So most people stopped looking.Can’t blame you. When every door is slammed shut, you stop knocking. But here’s the thing: The doors are starting to open again. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special…

Issuer AUM ($, mm) Net Flows ($, mm) % of AUM YTD 2026 Net Flows($,M) BlackRock, Inc. 4,467,263.26 2,838.14 0.06% 187,647.11 Vanguard 4,370,500.06 1,858.62 0.04% 196,036.68 State Street 1,710,948.66 2,436.11 0.14% 20,044.48 Invesco 932,947.74 4,796.88 0.51% 24,819.36 Charles Schwab 564,719.83 220.06 0.04% 21,732.26 JPMorgan Chase 313,696.63 313.46 0.10% 28,289.12 Dimensional 287,497.36 180.04 0.06% 18,397.77 First Trust 264,066.65 251.12 0.10% 14,933.76 World Gold Council 189,772.21 341.40 0.18% -482.49 Fidelity 169,873.62 268.20 0.16% 12,558.19 VanEck 164,546.21 -670.01 -0.41% 7,434.43 AXS Investments 149,897.71 -180.70 -0.12% 35,341.65 The Capital Group Companies 139,555.36 435.62 0.31% 24,968.87 American Century Investments 134,410.09 167.28 0.12% 17,709.50 ProShare Advisors…

Ethereum, Solana, and SEI face critical resistance levels amid cautious altcoin market recovery. Bitcoin dominance and macroeconomic uncertainty continue limiting broader altcoin rally momentum. Solana and SEI show strong technical breakouts supported by growing ecosystem developments. As the crypto market moves through the first half of May, investors are still taking a careful approach to risk. While continues to hold its main upward trend, the flow of money into altcoins has not yet turned into a full altcoin rally. A major reason is the continued pressure from macroeconomic factors that are limiting investor appetite for risk. Uncertainty around the ,…