If your company offers an HDHP (high-deductible health plan), it’s more than likely they’ll pair it with some kind of health-related savings account such as an HSA, an HRA or an FSA. Here’s a handy guide to sort through the alphabet soup of health expenditures.
You follow all the financial rules: a six-month emergency fund and no credit card debt. You live within your means and have all the right insurance. Yet sometimes, disaster strikes, and you’re wiped out monetarily anyway. A recent State Farm survey found that although 81 percent of adults believe it’s very important to have a financial Plan B, only 45 percent have such a plan in place.
The Great Recession has hit many baby boomers hard. They’re dealing with depressed retirement porfolios and homes values, plus layoffs. As a result, more baby boomers are ill-prepared for retirement is. If you’re a boomer who wants to retire, here are 10 steps to take to prepare for the transition.
Are you confused by your financial situation, but afraid you don’t have enough to merit seeking professional financial advice? Think again. It’s not all how much you have, but what else is going on in your life.
When it comes to financial planning, there’s never a better time to set up good habits than when you start your first job. You’ll have the power of time on your side and you’ll create a routine that will be easy to maintain as you get older and earn more.