Funding Your Health Savings Account with Your IRA
Money is tight for many of us these days and unexpected medical expenses can be extremely frightening—especially if you don’t have a good health insurance plan to help defray costs. In my last blog, I offered one solution in the form of a health savings account....
Required Minimum Distributions: What You Need to Know
Required minimum distributions, or RMDs, can be confusing for many people with retirement plans. Knowing exactly what they are and how they affect your finances over a certain age will help you prepare and handle them in the best way for your unique situation. If you...
Are Your Savings Up to Par?
How are doing on your savings plan? According to a recent survey by MagnifyMoney, Americans are still accumulating more debt than savings. While the median savings account balance is $4,830, 29% of American households have less than $1,000 in savings. The amount saved...
Nine Tips for Seniors Living on a Fixed Income
Seniors who are living on a fixed income often have difficulty adhering to a budget while still living a fulfilled and active life. Because retirement should be one of the happiest and most relaxed times in your life, it always pains me to see seniors struggling with...
Why raiding your 401(k) is a bad idea
I recently read an article discussing PwC’s 2017 Employee Financial Wellness Survey. This study found that more folks are taking early withdrawals from their 401(k) plans, particularly millennial and GenX employees. The most common reasons for the withdrawals,...Signup MailChimp
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