HSA accounts are not available to all Americans. You’ll need an insurance plan that's termed ahigh-deductible health plan(HDHP) to be eligible. The minimums change every year, so you’ll want to check the latest stats before contributing. These are the rules for an HDHP for 2022: If...
Health savings account (HSA)—You may be able to leave the money in your old account or roll it over to a new HSA provider. Check with HR for details. But that money is still yours even if you leave your job, so there's no rush to spend it (though you won’t be able to make...
After age 65, you can also treat the HSA like a traditional IRA and withdraw funds for non-medical expenses (though you will be required to pay income taxes). Roth or Traditional IRA: Which Is Better? Both the traditional and Roth IRA are tax-advantaged accounts, but which is better?
encountering only a few sprinkles descending from Bonney Pass, we arrived at our camp just over 12 hours after leaving. Unfortunately, we only had one day left on our trip and none of us thought we could do 18 miles the next day while carrying 40...
At that point, we can access our retirement accounts and feel relatively confident with our ability to navigate our own finances. But before then, a main question is: when will I need to seek part- or full-time work, and how much will I need to bring in?
we were advised to roll over the accounts and make sure they were invested well. We did nothing, which we understood was dumb, but it just wasn’t a priority. In fact, those accounts still sit in our original employers’ plans (in my case actually the plan of the firm that acquired ...
and not include it in his *investment* portfolio. Maybe he loses it all (or most of it) and never tries it again. Maybe he gets lucky and then takes his original expense back into his savings accounts, and continues on with “house” money. I gather it will be more fun for him to...
The next is the “Total Net Worth” Calculation. In addition to the above components I know add into the equation my estimated home value (fully paid off house) and my child’s 529 accounts. This is more like a bragging rights value (such as the one I have put in Rockstar Finance ne...