
Kathryn Pomroy
For the past 18+ years, Kathryn has highlighted the humanity in personal finance by shaping stories that identify the opportunities and obstacles in managing a person's finances. All the same, she’ll jump on other equally important topics if needed. Kathryn graduated with a degree in Journalism and lives in Duluth, Minnesota. She joined Kiplinger in 2023 as a contributor.
Latest articles by Kathryn Pomroy
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Five Biggest Frauds To Watch Out For
The biggest frauds involve the use of artificial intelligence (AI) to dupe consumers and businesses. Here's what to look out for.
By Kathryn Pomroy Last updated
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Sorry, Florida, Retirees Just Aren't That Into You
For years, Florida was the go-to state for retirees looking for sunshine, warm temps, sandy beaches and endless ways to stay busy. But those glory days may be over, according to a recent study
By Kathryn Pomroy Published
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Why Luxury Home Sales Are at an All-Time High
The average price of a luxury home in the U.S. sold for a record $1.18 million in the second quarter of 2024, up 8.8% from a year earlier, Redfin shows.
By Kathryn Pomroy Last updated
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Will the New Social Security Fairness Act Change Your Benefits In 2025?
The Social Security Fairness Act will impact the Social Security benefits of millions of public sector retirees, enabling those with a pension to also collect full SS benefits. However, retroactive payments have been delayed.
By Kathryn Pomroy Last updated
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Should You Take a Loan From Your 401(k) Before Retiring?
You can take a loan from your 401(k) plan if necessary, but it runs the risk of jeopardizing your long-term retirement goals, so make sure to consider your options carefully.
By Kathryn Pomroy Last updated
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403(b) Contribution Limits for 2025: Good News for Teachers
retirement plans Teachers and nonprofit workers can contribute more to a 403(b) retirement plan in 2025 than they could in 2024.
By Jackie Stewart Last updated
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Thrift Savings Plan Contribution Limits for 2025
Thrift Savings Plan contribution limits are rising to $23,500 in 2025, up from $23,000 in 2024. Plus, new catch-up limits for people 60-63.
By Kathryn Pomroy Last updated
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BlackRock CEO Larry Fink Says Retiring at 65 Is ‘Crazy’
Fink says it's time to rethink the traditional retirement age of 65. Baby boomers are partly to blame.
By Kathryn Pomroy Published
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Four Smart Money Moves to Make Right Now
To start out 2025 on a high note, we looked at four smart money moves to make today to secure your finances tomorrow.
By Kathryn Pomroy Last updated
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Is Your Company Age-Friendly? Most Companies Say They Are But Employees Don't See It
In recent years, many companies have stepped up their efforts to attract and retain older workers. But many older workers aren't seeing the impact. Here's what to do about it.
By Kathryn Pomroy Published
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What Is the Social Security January Payment Schedule?
Generally, the exact date your first Social Security January benefit arrives depends on what day of the month you were born. Payments follow the month that they are due, so your January check is for your December benefit.
By Kathryn Pomroy Last updated
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How Refinancing a Home Loan Works. And Is It Right For You?
Refinancing a mortgage works by replacing your current mortgage with a new one. It can save you money or let you tap the equity in your home, but it can take time to break even after upfront costs.
By Kathryn Pomroy Last updated
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No Roth IRA In Your Retirement Plan? The Pros and Cons of Adding One in 2025
Think you might want to open a Roth IRA? Roth IRAs offer tax-free growth of your investments and no RMDs, but income limits are low and you have to wait to withdraw earnings.
By Kathryn Pomroy Last updated
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Four Hidden Amazon Prime Video Features, and One That Can Save You Money
By Vaishali Varu Last updated
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12 Reasons to Cancel Amazon Prime
Feature Here's why it might be time to cancel your Amazon Prime subscription.
By Kathryn Pomroy Last updated
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42% of Adults Have Committed Financial Infidelity. Have you?
Survey shows that more than two in five U.S. adults have kept financial secrets from their significant other, committing "financial infidelity."
By Kathryn Pomroy Last updated
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Dragging Your Feet on Saving for Retirement? Here's How to Jump In
Procrastinating when it comes to saving for retirement is all too common. But stalling for too long will hurt your long-term financial security and peace of mind. Here are five tips to break the cycle.
By Kathryn Pomroy Published
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Thinking About Unretiring? You’re Not Alone
Unretiring is a growing trend, with 37.5% of workers age 55+ employed as of 2024. Here's what's driving the return to work. Are you thinking about unretiring?
By Kathryn Pomroy Last updated
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With Mortgage Rates Dipping, Is Now a Good Time to Buy a House?
Pricing pressure, interest rates, and rising unemployment numbers have sidelined homebuyers. But now that the Fed has cut rates, is it a good time to think about getting back into the market?
By Kathryn Pomroy Last updated
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Best Cities for Homebuyers 55 and Older
An Opendoor survey ranked San Antonio, Texas, as the best aging-friendly city, with Charlotte, North Carolina, rounding out the top ten
By Kathryn Pomroy Last updated
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Don't Make These Big Mistakes When Claiming Your Social Security Benefits
New survey reveals that many people don't’ know their full retirement age, aren’t sure the age they are or were eligible for full retirement benefits or take benefits too early.
By Kathryn Pomroy Last updated
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What Is a Starter 401(k)?
Starter 401(k) plans make it easier for employers to offer a retirement plan to employees and for employees to save for their future.
By Kathryn Pomroy Last updated
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Amazon Outlet: Where to Get Hot (and Cheap) Overstock Deals Online
Amazon Prime Beyond the everyday offerings of Amazon Prime lies Amazon Outlet for bigger discounts.
By Erin Bendig Last updated
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5 Ways to Save on Your Phone Bill When Traveling Abroad
Traveling internationally and want to save cash? Here are five smart ways to save big on your phone bill.
By Kathryn Pomroy Last updated