As the world is changing faster than ever, it’s crucial to establish emergency savings so you can be prepared for any financial changes as they come. Setting up an emergency fund is one of the best ways to start saving now.
Health savings accounts offer taxpayers one of the most favorable ways to save money. With contributions that are tax-deductible and distributions that are tax-free as long as they're used for qualifying medical expenses, HSAs offer a double benefit that you won't find with IRAs, 401(k)s, or most other types of tax-favored accounts.
Health Savings Accounts (HSAs) were established in 2003, as part of the Medicare Prescription Drug, Improvement, and Modernization Act, and have since become an increasingly popular option for consumers and employers seeking to manage their healthcare costs.
Life insurance can help you manage what’s unpredictable while you save for your future and after you retire. And depending on your personal situation, there are ways to use life insurance that you may not have considered.