It’s beneficial to consider the various solutions you have for maximizing your retirement savings. Of course, there are traditional options like standard IRAs and 401(k)s that solely exist to help you boost your retirement savings. However, other options exist to help you cover medical costs associated with getting older while allowing you to invest and […]
Health savings accounts (HSAs) and flexible spending accounts (FSAs) have significant advantages, but their features differ. Choosing between the two options or both requires careful consideration, which can be complex. This guide breaks down the relevant factors to help you make an informed decision. Learn the rules of using HSAs and FSAs and which option […]
Health savings accounts allow people on high-deductible health plans to easily cover out-of-pocket medical costs. An HSA is a federally insured savings account offered by institutions such as banks, credit unions and financial benefits companies. Contributions to your health savings account are tax-free, and you can also make tax-free withdrawals and payments for your eligible medical expenses. Additionally, an HSA is […]
For most of recorded history, people have considered precious metals like gold and silver to be valuable. Today, savvy investors include these natural assets in their investment portfolios to diversify and protect their funds against inflation. Each type of precious metal also comes with its unique opportunities and risks. Geopolitical issues, supply and demand all […]
When it comes to saving for your health care expenses, you have several options. One plan you might consider is a health savings account (HSA), a type of savings account that allows you to save for and pay health care expenses with tax-free savings. With careful planning, an HSA can be a significant asset as […]
A health savings account (HSA) is an account for you to contribute pre-taxed dollars to later pay for qualified medical expenses. By contributing to an HSA, you can pay for established medical, dental, and mental health services. It can be used to pay for deductibles, copayments, coinsurance, or a variety of other expenses. It may […]