Truth be told, it’s more likely that you’ll live longer than your grandparents did. The flip side is that you may spend far more on doctors’ bills and treatment for chronic illnesses than your parents or grandparents. With healthcare costs continuing to rise along with life expectancies, health savings accounts (HSAs) are an increasingly popular […]
HSA 101: A 2023 Guide to Health Savings Accounts Read More »
Time flies when you’re having funds. Start saving NOW. Your 20s and 30s are a time for careers to blossom and income to grow. While it can be tempting to increase your lifestyle in tandem with income increases, be careful with the “I’ll save later” mentality. Folks routinely live into their 80s and 90s these
You’re Only Young Once: Your Retirement Reality Check Read More »
Way to go! You scored a new job! Now, as you embark on this exciting new endeavor, there’s one topic bound to come up: retirement plans. And you might think: “What about my plan with my previous employer?” “What do I do with the money in that account?” It’s wise to understand all your options
From Job to Job: What to Do with Your Previous Retirement Account Read More »
You’re never too young (or young at heart) to begin building an investment portfolio! Actually, investing when young has the potential to produce impactful earnings gains. And that’s because of a concept called compounding. Like a snowball that grows as it rolls down a hill, compounding gives your money the opportunity to grow, continually reinvesting
Here’s Why You Should Start Investing When You’re Young Read More »
Parents may not like to dwell upon their untimely deaths, but creating a will now will help ensure your family’s finances. A will is a legal document that specifies how to distribute your assets and investment accounts to your family and others should you die. It’s important to understand what a will can do as
Protect Your Financial Legacy With a Will Read More »
And 5 Tips to Combat Them Unless you live on another planet, you are fully aware of this thing called inflation, whether you’re at the grocery store, a gas station, buying clothes online, hiring a contractor, or doing almost anything that requires spending money for something. At the beginning of last year, the Federal
How Interest Rate Hikes Affect Your Finances Read More »
Congratulations—it’s a ROTH! Relatively new on the scene of employer-sponsored retirement benefits, the Roth 401(k) is the tax-free cousin of the Traditional 401(k). You might already be familiar with the Roth 401(k)’s big sister, the Roth IRA. Both accumulate after-tax deposits that can grow and be distributed tax-free when certain criteria are met. But, the two siblings
Meet the Roths: 401(k) and Traditional Read More »
The cost of care for our elderly continues to rise. If you have aging parents who need assistance, there are important considerations and resources that can help them grow old gracefully. Depending on their independence, your parents may be able to continue living in their current home. However, you may need to make safety modifications,
Caring for Aging Parents Read More »
So, you’re looking to purchase your first home….Congratulations! This is a very exciting time! While going to open houses and researching neighborhood data are equally important, making a financially sound purchase is vital. Here are a few things to keep in mind as you go through the process. How Do You Know If You’re Financially
Things to Consider Before Buying Your First Home Read More »
Here’s a sobering thought: Nobody’s perfect. I know, I know. Hard to digest. But it’s particularly relevant when it comes to investing. Recognizing that no matter how much research and effort you put into your investment strategy, it’s virtually impossible to buy or sell assets based on absolute market highs or lows. In fact, your
The Elusive Buy/Sell Strategy of Perfect Timing Read More »
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