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CONTENTS KIPLINGER’S PERSONAL FINANCE // FOUNDED 1947 VOL. 68 NO. 6 AHEAD 11 Topic A: Summer travel could be taxing . . . Knight Kiplinger on money and ethics. PLUS: June money calendar. 18 YOUR MIND AND YOUR MONEY Do you cheat on your spouse? by ANNE KATES SMITH. 20 OPENING SHOT Why I like Facebook, by JAMES K. GLASSMAN. 23 SUCCESS STORY Building a business from the grounds up, by PATRICIA MERTZ ESSWEIN. INVESTING/COVER 24 WHEN SELLING MAKES SENSE Breaking up is hard to do. And deciding to sell stocks can be harder than choosing what to buy. We help you make the right moves in response to changes in your life and portfolio. PLUS: When to sell a stock or fund (30). Where to put your profits (32). 34 THE REIT REVIVAL Five picks that MONEY 45 SPECIAL SECTION: STARTING OUT GUIDE TO YOUR MONEY Every- 38 PRACTICAL INVESTING The impact of dividends, by KATHY KRISTOF. thing you always wanted (or needed!) to know about stretching your paycheck, saving for a rainy day, getting credit, paying off student loans, boosting your health benefits, putting a roof over your head, earning extra cash on the side and more. PLUS: Life lessons from our young staffers. 42 CASH IN HAND A preference for 60 GAME PLAN Will insurance preferreds, by JEFFREY R. KOSNETT. cover summer-storm damage? by SANDRA BLOCK. let you profit from the improved climate for real estate investment trusts. FROM TOP: POON WATCHARA-AMPHAIWAN; COURTESY CHIPOTLE MEXICAN GRILL, USA 23 36 GOING LONG Low rates are here to stay, by JEREMY J. SIEGEL. 37 MORE ABOUT INVESTING Three mouthwatering stocks (37). News of the Kiplinger 25 37 (39). Berkshire Hathaway: No dividend for you (40). Fund rankings (41). ETF Spotlight (43). 61 RETHINKING RETIREMENT Bridging my income gap, by JANE BENNETT CLARK. LIVING 66 SWEET DEALS ON USED CARS Prices are coming down, and attractive trade-ins and off-lease luxury cars are driving on to dealer lots. Check out our five top picks. PLUS: How to decide if a certified pre-owned car is right for you. 71 THE LOWDOWN What you need to know about going solar, by PATRICIA MERTZ ESSWEIN. 72 3 SIMPLE STEPS Switch cable companies. IN EVERY ISSUE 4 FROM THE EDITOR A leg up for young adults. 62 ASK KIM How to get a one-time financial checkup. 8 LETTERS 63 MORE ABOUT YOUR MONEY ON THE COVER Photograph by Alex Martinez. Props and styling: Jabe Mabrey Yields and rates (63). 1 06/2014 KIPLINGER’S PERSONAL FINANCE KIPLINGER.COM LOG ON & EXPLORE 5 Financial Commandments for Your 20s and 30s TOP We recommend ten goals to work toward on your path to financial independence. QUIZZES 1. Is It Tax-Deductible? kiplinger.com/links/taxdeductible 2. What It Takes to Be a Millionaire kiplinger.com/links/millionaire Kiplinger’s Economic Outlook Insurance Surprises Our new slide show reveals ten littleknown benefits of your home, health and auto coverage. Stay ahead with exclusive forecasts of inflation, GDP, employment, more. kiplinger.com/links/coverage kiplinger.com/outlooks QUIZ YOURSELF The Get-Out-of-Debt Quiz 3. Are You Saving Enough for Retirement? kiplinger.com/links/retirementquiz 4. How Sharp Are Your Job-Hunting Skills? kiplinger.com/links/sharp 5. Dollar Stores—Deal or No Deal? kiplinger.com/links/dollar INTERACT Take our new quiz to discover strategies to pay off your debt faster. kiplinger.com/links/debtquiz TOOL College Finder Filter the universe of top schools by the criteria that matter most to you. kiplinger.com/links/collegefinder BRAND NEW Retire Rich! Knight Kiplinger’s 10 Steps to a Richer Retirement is packed with trustworthy advice, guidance, worksheets and checklists to help you plan for and enjoy a comfortable and secure retirement. JUMP-START YOUR RETIREMENT PLAN FREE CAREER BOOSTERS HOW MUCH FROM THE TOOTH FAIRY? Circle your calendar for June 5, when financial planners will be online all day at Kiplinger.com to answer your retirementplanning questions free. Instead of taking on more student debt, continue your education with massive open online courses (MOOCs). The average gift for a lost tooth is now $3.50. Janet Bodnar suggests ways for your tooth fairy to be special, not average. kiplinger.com/ links/mooc kiplinger.com/ links/toothfairy LIVE CHAT JOHN MILEY JANET BODNAR live.kiplinger.com @johntmiley @JanetBodnar kiplinger.com/go/tools 2 KIPLINGER’S PERSONAL FINANCE 06/2014 connect wi th Twitter Facebook LinkedIn Tumblr us HOW TO REACH US: Subscriptions. For inquiries about ordering, billing or renewing a subscription, or to report address changes, please have your mailing label handy to reference your account number and visit us online at kiplinger.com/customerservice or call 800-544-0155, Monday through Friday between 7 A.M. and 9:30 P.M. and Saturday between 8 A.M. and 6 P.M. central time, closed on Sunday. You can also write to Kiplinger’s Personal Finance, P.O. Box 3292, Harlan, IA 51593-0472, or e-mail us ([email protected]). Reprints. PARS International Corp. (212-221-9595, ext. 237; e-mail, [email protected]). Content licensing. E-mail licensing@ kiplinger.com. Mailing lists. From time to time we make our subscriber list available to carefully screened companies whose products may be of interest to you. If you would rather not receive such solicitations, send your mailing label to P.O. Box 3292, Harlan, IA 515930472 and instruct us to exclude your name. FROM TOP: KCSLAGLE/ISTOCK/THINKSTOCK; BEBOY_LTD/ISTOCK/THINKSTOCK; MARIANNA MELIKSETYAN/HEMERA/THINKSTOCK; LISE METZGER (2) kiplinger.com/links/commandments