In this issue

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review

14 Ways to Invest for Income Without Stocks

By Nellie S. Huang

Here are 14 ideas for generating income in seven broad categories--and none involves any common stocks. As always with investment decisions, consider your overall allocation, how long you plan to invest and your tolerance for risk before you make a move.

We've listed them in order of yield from lowest to highest.

Yield: 0.4% (average for two-year CDs)

Certificates of deposit may not pay much interest, but you won't lose money with them, either. That makes them good choices to stash cash that you will need within a year to 18 months.

GE Capital Bank pays 1.1% for a one-year CD with a $500 minimum. A two-year CD at Melrose Credit Union ($5,000 minimum) earns 1.4%. With short-term rates likely to rise in the next 12 months or so, you're better off choosing the one-year maturity, even though it yields slightly less than the two-year deposit. Vanguard Short-Term Investment-Grade (VFSTX, 1.5% yield), a member of the Kiplinger 25, pays a bit more, but you might lose a bit of principal if rates rise. (Bond prices and interest rates tend to move in opposite directions.)

Yield: 1.9% (intermediate-maturity bonds)

If you're in a high tax bracket, municipal bonds, which pay interest that is generally free from federal income tax (and often state and local income taxes), can be more lucrative than taxable bonds of similar credit quality and maturity.

For instance, a ten-year, triple-A-rated muni bond typically yields about 2.3%. For someone in the highest federal tax bracket, that is the equivalent of 4.1% from a taxable bond. Even if you're in the lower, 28% federal bracket, your taxable-equivalent yield would be 3.2%, which beats the taxable 2.7% yield of ten-year Treasuries and the 3.1% yield of comparable corporate IOUs.

Our favorite tax-free bond fund, Fidelity Intermediate Municipal Income (FLTMX), invests mostly in high-quality bonds; more than half of the fund's assets are invested in bonds of triple- or double-A quality with maturities of five years or more. The fund, a member of the Kiplinger 25, yields 1.9%, which is a taxable-equivalent yield of 3.4% for those in the highest income tax bracket.

We also like USAA Tax Exempt Intermediate-Term Fund (USATX). Its 2.3% yield works out to a 4.1% taxable-equivalent yield for top-bracket investors. The fund's managers goose the yield a little by focusing on the lower rung of investment-grade bonds.

Yield: 2.4% (investment-grade index)

The longer a bond's maturity, the more it usually yields, but the more vulnerable it is to higher rates.

The best trade-off between risk and yield is in the middle of the maturity spectrum. The typical taxable, intermediate-term bond fund yields 2.1%. But you'll get more with Vanguard Intermediate-Term Corporate Bond ETF (VCIT, 3.3%), an exchange-traded fund. It holds mostly investment-grade debt in bonds of five- to ten-year maturities, but half of the fund is invested in the lower end of the investment-grade spectrum (debt rated triple-B). The fund's annual fee of 0.12% scrapes near the bottom.

Fidelity Total Bond (FTBFX, 2.8%), another Kip 25 fund, holds mostly a mix of high-grade corporate bonds, government bonds and mortgage securities. At last word, it also had 14% of its assets in junk bonds.

Yield: 3.4% (average for bank-loan funds)


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Rising interest rates are bad news for most bonds, but not this kind of security: The rates on these loans, which banks typically make to companies with below-investment-grade credit ratings, move in step with the market.

That's because they are tied to a short-term benchmark and reset every 30 to 90 days. Because the borrowers have above-average credit risk, we like funds that tilt toward better-quality or widely traded loans. Fidelity Floating Rate High Income (FFRHX, 2.6%) has an average credit quality of double-B, better than the single-B average quality for the category.

PowerShares Senior Loan Portfolio (BKLN, 4.2%), an ETF, tracks an index of the 100 largest and most widely traded bank loans.

Yield: 5.2% (average for junk bonds)

Debt rated double-B or lower, or junk bonds, can be risky.

But default rates, arguably the biggest risk with high-yield debt, are at 20-year lows and likely to stay low as the U.S. economy improves. And that's a boon to junk bond funds. USAA High Income (USHYX, 4.7%) has consistently turned in above-average returns without taking on undue risk. Over the past decade, it has been less volatile than its peer group. About 70% of the fund's assets recently sat in bonds rated double-B or single-B (par for the category), but it also had about 15% in investment-grade debt.

For a bit more yield, reach no further than SPDR Barclays High Yield Bond (JNK, 4.9%), an ETF that tracks an index of widely traded junk bonds and charges an annual fee of just 0.4%.

Yield: 5.8% (emerging-markets bond index)

With slower growth in China, political turmoil in Brazil and Turkey, and Russia's annexation of part of Ukraine, it's no wonder that emerging-markets securities performed poorly last year. But things are looking brighter: In the first quarter of 2014, emerging-markets bonds returned 2.9%, beating the U.S. bond market by a full percentage point. And their yields are hard to beat.

Our favorite emerging-markets debt fund is Fidelity New Markets Income (FNMIX, 5.4%), a member of the Kiplinger 25. Longtime manager John Carlson focuses on dollar-denominated debt, a more stable way to invest in these securities because foreign currencies tend to be volatile. Over the past decade, New Markets Income returned 9.2% annualized, beating its typical peer by an average of 1.2 percentage points a year.

PowerShares Emerging Markets Sovereign Debt Portfolio (PCY, 5.1%) has several things working in its favor. It focuses on dollar-denominated debt, a more stable way to invest in these securities, and its 0.50% annual expense ratio is below-average for its peer group. We like, too, that its portfolio is spread roughly evenly among 23 countries, with each accounting for 4% to 5% of the fund's assets.

Yield: 6.7% (average of preferred stocks)

These hybrid investments behave more like bonds than stocks. Befitting securities with extra-high yields, preferreds carry above-average risks. First, most are issued by financial firms, so funds that focus on preferred stocks tend to be heavily invested in that sector. And because preferreds pay fixed dividends, they tend to lose value when interest rates rise. In 2013, just the possibility of a rise in rates sent preferreds tumbling. But the selloff enhanced the group's appeal. As share prices fell, yields rose.

The best way to invest in this sector is through an ETF. PowerShares Preferred (PGX, 6.4%) has the top three-year return of all preferred-stock ETFs: 6.6% annualized. It charges 0.50% in annual fees.

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Nellie S. Huang is a senior associate editor at Kiplinger's Personal Finance magazine.

All contents copyright 2013 Kiplinger's Personal Finance Distributed by Tribune Media Services. All rights reserved.