When saving for retirement, you now have several options to select from. One of your options may include a 401(k). Financing a 401(k) plan may result in an employer match, which is essentially free retirement money. Hence, if your employer plan offers a match, it pays to contribute enough to collect it in full. This may motivate you to contribute as much as possible to your employer’s 401(k).
Tag: HSA
Want More Money In Retirement? Consider these Income Streams
In retirement, you will need to discover a means to support yourself. Social Security is one of your options, and you should be eligible for retirement payments if you have worked and accumulated work credits for at least ten years. If you have contributed to an employer retirement account employment, you will ideally have access to savings as a source of income.
How To Properly Use A HSA Account
A HSA is a Health Savings Account that offers a tax-advantaged savings account for individuals with high-deductible health plans. Not all employers offer HSA accounts to their employees, but many do. If you’re unsure whether your employer offers a HSA, check with your HR department or benefits administrator. Ideally, they can tell you about your employer’s benefits package, including whether a HSA is offered, the contribution limits, and any other details you need to know.
Retirement Planning: Healthcare Strategies to Consider Now
Start planning for your retirement with these healthcare strategies.
Retirement Planning: Medicare Costs Could Cost You a Fortune.
The Employee Benefits Research Institute has released a paper showing that even Medicare recipients will incur high medical costs in retirement.
Have You Taken Advantage Of This Triple Tax Benefit Account?
This account provides a “triple tax benefit,” yet 88% of the nation is not taking advantage. Rarely are investors able to have their cake and eat it, too.
Here Are Four Big Retirement Risks And The Necessary Steps On How To Reduce Your Exposure
Common pitfalls on the road to retirement include spending too much, investing too little, and deviating from your goal. The good news is you may be able to prevent them with some self-control and foresight.
Here Are 10 Excellent Substitutes For Long-term Care Insurance
Long-term care is unquestionably expensive; if you require it, it will likely be your largest retirement bill. The DHHS (United States Department of Health and Human Services) estimates that eldercare recipients will spend $138,000 on average this year. And the likelihood of requiring some type of long-term care is greater than many believe.
Medicare Is Unaffordable Even With The Increase In Social Security
Even increased Social Security will not be enough to cover future healthcare costs, according to a new report. These findings come despite the recent positive news that older persons would get an 8.7% boost in Social Security payments for the next year and a $5.20 reduction in monthly Medicare Part B costs.
