One major challenge we face as a monthly magazine is that we write, edit, print and mail this publication weeks before it arrives in your mailbox. As I write this column for the February issue, it is early December. We send the publication to the printer in mid December, and most subscribers will receive their issues in the new year.
That’s especially problematic when we experience a stretch like the one following Thanksgiving—when Omicron upset Wall Street’s best-laid predictions. The prospect of a new, highly transmissible COVID-19 variant led to speculation about new shutdowns. That precipitated a roller-coaster ride for the stock market as investors fretted about the economy. Federal Reserve chief Jerome Powell unnerved traders even more when he warned that with a strong economy and tight labor market, inflation is likely to be persistent rather than transitory. He signaled that the Fed may move up plans to wind down its bond-buying stimulus program—the precursor to lifting short-term rates. The following week, as Wall Street concluded that Omicron would be less disruptive, the markets roared back.
In volatile times, our solution to the time warp between publication and delivery to you is to stick to our knitting—offering guidance based on the long view. For investors, the goal is to follow your investing plan and not panic when the market heads south—or fluctuates wildly. As we’ve seen in prior COVID scares, stocks fall, then resume their climb. The worst thing you can do is sell when prices are tumbling. Timing the market is nearly impossible, especially when it’s time to get back in.
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That goes for your retirement investments, too. Our cover story, by senior editor Sandy Block, reviews time-tested strategies to maximize your savings: Calculate how much you’ll need, get an early start on saving and contribute to your retirement accounts like clockwork. According to a new national poll Kiplinger conducted with money management firm Personal Capital, Americans are doing a pretty good job when it comes to saving: Nearly 60% of respondents are stashing 10% or more of their income toward retirement, and more than 30% are saving at least 15% of income.
Update for subscribers. Kiplinger is now owned by Future, a large, publicly traded U.K.-based media company that recently acquired our previous owner, Dennis. Future has an expansive reach, with an audience of more than 300 million users globally. Kiplinger is key to its strategy to expand its wealth content. Future owns dozens of print publications and has a philosophy of letting its new brands continue to do what they do well. For Kiplinger’s Personal Finance, that means we will continue to offer the same actionable, trustworthy investing and personal finance guidance we have been delivering for 75 years.
As part of the transition to new ownership, we are getting new e-mail addresses. You can continue to contact us at our former Kiplinger e-mail addresses. However, e-mails from me and the rest of the staff to readers will now be from the futurenet.com domain.
A reminder: We have switched to a new customer service bureau. For the past few years, we’ve worked with a bureau in Palm Coast, Fla., but your correspondence should now go to P.O. Box 37234, Boone, IA 50037-0234. (You will see several P.O. Box numbers—37231, 37232, 37233 or 37234—on customer service, subscription and renewal correspondence.) Please watch out for unscrupulous agents who attempt to solicit subscription and renewal payments (without our permission, at higher prices than we charge) at addresses elsewhere.
As part of this transition, we have asked that subscribers accessing the digital publications sign up for a new system called Mylo. Some readers have reported having trouble signing into Mylo. We apologize for the inconvenience, and I’m happy to report the problem has been fixed. Visit https://mylo.id/forgot-password to try again to reset your password. If you continue to experience problems resetting your password, please contact us at KIPService@kiplinger.com, and we will assist you. If you read the online edition and have not yet signed into our new digital subscription system, visit https://mylo.id/signup to get started.
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Stock Market Today: Cautious Investors Let Stocks Drift LowerMarkets weigh encouraging trends for earnings and tariffs against concerning signals from U.S. consumers.
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A Smart Way to Combat Economic RollercoastersSavings With rates on CDs remaining high for now, a CD ladder allows you to maximize your returns with flexibility to your cash when you need it.
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AI Goes To SchoolThe Kiplinger Letter Artificial intelligence is rapidly heading to K-12 classrooms nationwide. Expect tech companies to cash in on the fast-emerging trend.
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May Fed Meeting: Updates and CommentaryThe May Fed meeting came and went with little fanfare as Fed Chair Powell & Co. stuck to their data-dependent script toward interest rates amid tariff uncertainty. The May Fed meeting came and went with little fanfare as Fed Chair Powell & Co. stuck to their data-dependent script toward interest rates amid tariff uncertainty.
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The Economic Impact of the US-China Trade WarThe Letter The US-China trade war will impact US consumers and business. The decoupling process could be messy.
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What Is the Buffett Indicator?"It is better to be roughly right than precisely wrong," writes Carveth Read in "Logic: Deductive and Inductive." That's the premise of the Buffett Indicator.
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What DOGE is Doing NowThe Kiplinger Letter As Musk's DOGE pursues its ambitious agenda, uncertainty and legal challenges are mounting — causing frustration for Trump.
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A Move Away From Free TradeThe Letter President Trump says long-term gain will be worth short-term pain, but the pain could be significant this year.
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Trump’s Whirlwind Month of Crypto MovesThe Kiplinger Letter The Trump administration wants to strengthen U.S. leadership in the cryptocurrency industry by providing regulatory clarity.
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What Does Medicare Not Cover? Eight Things You Should KnowHealthy Living on a Budget Medicare Part A and Part B leave gaps in your healthcare coverage. But Medicare Advantage has problems, too.
