Aflexible spending account (FSA)is an employer-sponsored savings account that lets employees set aside pretax funds for qualified medical expenses. It can help the account holder save money at tax time, especially because the list of allowable expenses that can be paid for with FSA funds has g...
Answer to: An accrued expense is an expense: a. Incurred but not paid. b. Incurred and paid. c. Paid but not incurred. d. Not reasonably estimable...
That said, here's an abbreviated example of a middle-of-the-road ETF portfolio for retirement suggested by Morningstar. The portfolio takes long and short time horizons into consideration and focuses on keeping expense ratios low: ETF Portfolio for Retirees Time horizon in retirement: 15-25 year...
Ahome equity loanis a second mortgage for a fixed amount at afixed interest rate. The amount you can borrow is based on the equity in your home, and you can use the funds for any purpose. This option can be ideal if you have a specific large expense or debt to pay off. It also c...
Consult an attorney or tax professional regarding your specific situation. 1. A distribution from a Traditional IRA is penalty-free provided certain conditions or circumstances are applicable: age 59 1/2; qualified first-time homebuyer (up to $10,000); birth or adoption expense (up to $5,...
For others, an early retirement might be the goal so investments would take the largest chunk of that raise. You just need to carefully consider the implications of your choices on your financial health. “Getting a raise, buying a car or a new house or any other real...
Expense Ratios0.05-0.13%0.08% average Mutual FundsN/AN/A The Bottom Line Betterment and Vanguard PAS are both impressive portfolio management solutions that can help you more effectively manage your investments and potentially improve your financial outcomes. Deciding between the two depends on your de...
A savings account can help you build an emergency fund and save for a major expense. What is a savings account? A savings account is a basic type of deposit account that enables you to put your money in a bank or credit union and earn interest on your funds. You can find savings acco...
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However, LTC insurance is expensive - and many companies that were once big sellers of this coverage have exited the market due to the high expense of paying out claims.How to Protect Yourself from Healthcare Costs in RetirementSo, how can you protect yourself, and your savings, from ...