Do you ever wish you could go back in time and make different financial decisions? Some of the worst financial decisions are made when we are young and just starting to manage our own money and bills. At 18, you get that first taste of freedom, you can get your own credit card, open your own bank accounts without a parent, and even get a loan for a car on your own. But, making the wrong choices this early in the financial game, can set you back and affect your credit for years to come.Continue reading “Finance tips every 18 year old should know”
If you’ve done any research about retirement planning, you know that it’s NEVER too early to start. In fact, starting to save during your college years is slowly becoming the norm! But what do you do when years turn into decades and you still haven’t started saving for your retirement? If you are in your 50’s and haven’t been able to build up the retirement fund, you’ll need to get started and fast. Here are some tips to help you out! Continue reading “Retirement Planning – I’m 50 and haven’t started yet!”
When it comes to saving for your retirement, every penny counts. Regardless if you are just starting to save or in the home stretch to retiring, making the wrong financial decisions could have a big impact on your retirement goals. With social security no longer being a sustainable retirement option, it’s important to make sure that you set yourself up for the future. Continue reading “Saving for Retirement? Here are some pitfalls to avoid”
For most people, when they think about having a bank account, they assume that it’s just your basic checking or savings account. However, there are so many options when it comes to depositing money at your local bank. From the traditional checking and savings to CD’s and money market accounts, you can be sure that there is an account to meet all your needs. Continue reading “Where should I keep my money? Not all Accounts are the Same!”
High Deductible Health Plans have become very popular over the past few years as insurance premiums have continued to rise. High deductible plans allow you to use an H.S.A. or Health Savings Account to manage your upfront expenses. Each year, the IRS sets the contribution limit for funds that you are allowed to put into your H.S.A. bank account. If you don’t pay attention to the contribution limits each year, you put yourself at risk of paying extra taxes to the IRS – let’s be honest, no one wants to do that! Continue reading “H.S.A Contribution limits and what you need to know”
It’s certain that the next few years will see some significant changes in the American health insurance system. With price fluctuations and carriers coming in and out of the market, it’s been difficult for families to budget. Currently, there is one program that will help you reduce monthly fees and get a tax break: Health Savings Account (HSA). Here’s what you need to know about HSAs, and how they’re changing in 2017. Continue reading “Health Savings Accounts in 2017 — Your Questions Answered”
Employees know their health is the most important thing they have, but many don’t have the time or energy to make their well being a priority. Long, sedentary, and demanding days sandwiched by tedious commutes make it hard to focus on one’s health. Our life and work styles mean poor habits are growing. Continue reading “Wellness in the Work Place: Good for Employees and Employers”
The trend toward employers offering high-deductible health plans (HDHP) — and no other option — seems here to stay, like it or not. HDHP coverage is growing at a 15% pace, annually. In 2005, such plans covered 1 million people. Now, they cover more than 15 million, including 10% of those in Connecticut who are under 65 and have private insurance.
Some consumers fear a HDHP because they worry about being on the hook for that deductible, should they need significant medical care. The silver lining, though, is the ability to pair an HDHP with a tax-advantaged Health Savings Account (HSA).