Health savings accounts (HSAs) are perhaps the best retirement planning tool available. Most people aren’t aware that if you’re looking for cash to fully fund the year’s HSA contribution, a transfer from an IRA might do the job.
Nobody likes to pay taxes, but it's especially hard for older Americans to deal with an unexpected tax bill. Given how many people live primarily on fixed incomes from Social Security and other sources, many don't have much extra cash to pay any more than absolutely necessary to the IRS.
These FAQs provide a summary of some of the changes within the SECURE Act. Several of these provisions will require interpretation from the IRS and other agencies. As with all financial matters, you should contact tax and financial professionals as it relates to your own personal circumstances.
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.
Most of us want to save time and money throughout the day. Whether your schedule is jam-packed or you just wish there were a few more hours in the day, being able to do less on your own and still get things accomplished probably sounds nice.