You have probably heard of HSAs by now, right? If not, I want to let you know right from the outset that these tax-advantaged accounts are amazing and are among my favorite savings and investment vehicles. Health Savings Accounts (HSAs) have been growing in popularity since their introduction in 2003. According to a 2018 study …
If your employer offers an employee stock purchase plan (ESPP), you have the opportunity to buy your company’s stock in periodic intervals and in many cases buy them at a discount. But there are some strategies you can use to further maximize the benefits of your ESPP. That’s going to be the focus of this …
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Want to get a big tax break on common everyday expenses? Check out the Flexible Spending Account. FSAs can cover medical expenses (Medical FSAs), daycare and other dependent care costs (Dependent Care FSAs), and even commuting expenses, like parking fees and public transportation costs (Transportation FSAs). Using your FSA can save you a lot of …
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Want to get tax-deductible contributions, tax-free growth, and tax-free withdrawals for your retirement? The HSA will deliver on that and more. This is absolutely one of my favorite tax-advantaged accounts. Let’s get into this! This post may contain affiliate links. If you click on a link and complete a transaction, I may make a small …
How to Make the Most of Your Health Savings Account (HSA) Read More »
If you have a 401(k), you have a powerful tool to build long-term wealth and secure a great retirement. Some of the obvious benefits include the ability to save money in a tax-advantaged way, but there are some less well-known features of the 401(k) that can allow you to really boost the benefits of this …
