Your Ultimate Health Savings Account Guide

The Ultimate Health Savings Account Guide

Are you familiar with a Health Savings Account (HSA)? If you’re like most people, you’ve heard the term but you’re probably not sure what it is or if it makes sense for you.

If that’s the case, then it’s your lucky day because we’re going to dig into exactly what a Health Savings Account is and, most importantly, why I absolutely love them. So with that, let’s check out a few statistics that just might surprise you.

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Saving for Retirement - Your Step-By-Step Guide to Getting You There

Saving for Retirement

When entering the job market out of college, the concept of retirement seems like a lifetime away. Most people can’t even fathom thinking about retirement let alone save for it. And others know the day is coming, but they are relaxed in the notion that it’s too early to even begin thinking about saving for retirement.

Such thinking is certainly misguided. Regardless of the confusing retirement savings types, retirement is a natural part of life. It can be a wonderful experience for many families, especially those who planned early. It’s a new chapter in life, where people get to enjoy the fruits of their labor for the next few decades.

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Retirement Income - Your Step-By-Step Guide to Not Running Out of Money

Depositphotos 59267125 m 2015

Congratulations! You’ve worked for decades to prepare for retirement and now you’re there, or almost there, ready to start what can be the most enjoyable phase of your life. Very likely, you’ve got plans to travel, see family and friends and maybe even revisit hobbies you’ve neglected for decades.

However, as you are most likely aware, you must also make plans related to your money. Specifically, you want to be sure you have enough retirement income to last you for the rest of your life.

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Why You Should Think Twice Before opening a 529 Through A Financial Advisor

Why You Shouldnt Open a 529 Through A Financial Advisor

Do you have a 529 plan? Do you work with a financial advisor? Do you have a 529 plan that’s managed directly through your financial advisor?

If you answered yes to the first question, then that’s perfectly fine. If you answered yes to the second question, that’s great as well. However, if you answered yes to the third question, well, that’s where I tend to differ from a lot of financial advisors… and yes, that’s coming from a financial advisor.

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How To Do A Background Check On Your Financial Advisor

How to do a background check on a financial advisor P

In today’s day and age of the internet, you can find just about anything in no time. Looking for a restaurant nearby? Go to the internet. Need a place to get a haircut? Go to the internet. Looking for background information on a financial advisor? Yep, go to the internet.

It amazes me how we found things before we had the internet. I guess we just asked for referrals from our friends, looked things up in the phone book or drove around until we found out what we were looking for…the indignity.

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Fundrise: An Interesting Way To Invest In Real Estate (2018 Review)


Have you ever wanted to invest in real estate? Or, maybe you’ve already tried your hand at it once, and it didn’t exactly go the way you were expecting.

I’m not sure what the appeal is to investing in real estate – being a landlord is not for me – but I do get asked the question quite a bit.

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How to Create a Pet Estate Plan

Pets

As a pet parent, you know how important it is to plan for your four-legged family members in the event that you become incapacitated or pass away. Who will take care of them and where will they go?

Pet Orphans: What Will Happen to Your Pets When You Die?

About 65 percent of American households include one or more pets, and if yours is one of them, you know that your pets are family. And like the rest of your family, they deserve for you to make them part of your estate plan.

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The Best Options For Your Old 401k(s) – A Step-by-Step Guide

The Best Options For Your Old 401k

So, how many different companies have been at in your working career? If you’re like most people today, you’ve probably switched jobs at least a couple times. It seems like some people can switch every six months while others can stay for years.

Regardless, it’s extremely rare to see someone who stays with the same employer for life. Things have certainly changed from the baby boomer generation.

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The Best Personal Finance Tips When Changing Jobs

The Best Financial Tips When Changing Jobs

Congratulations, you landed a new job! Hopefully, it’s the job of your dreams or at least a lot better than your previous one.

Now that you’ve said “I do” to your new employer, it’s now time to tackle the financial things to do when changing jobs. Don’t worry, the list isn’t overwhelming (although we certainly understand the stress of moving and changing jobs), but many of these items are time sensitive and could have a major impact if not handled correctly.

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The Dirty Little Secrets to 401k Loans

Dirty Secrets of 401k Loans

Now that the holidays are over, it’s back to reality. For many – hopefully, not you – it means paying off all the debts you racked up from your extremely generous giving. Let’s just hope you had already budgeted for it and you were merely using your credit card to get the free rewards.

Regardless of whether you have debt or not, sometimes, unknowns pop up in our lives where we need to get access to money. If you don’t have it sitting in a savings account – which I’m sure you do if you’re an avid reader of this blog – you have to find it somewhere.

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Why I’ve Realized Giving is so much better than Receiving

Giving Better Than Receiving 1

Don’t you remember Christmas as a kid? It was awesome! For me, it was like the best day of the year – hey, I was a kid, and I was a fan of getting cool stuff.

I remember barely being able to sleep. I’d always sneak out to see if Santa had come yet, but he never did until I fell asleep and then awoke in the morning – like really early morning. I was always so amazed I missed him. I wasn’t even asleep that long, but somehow he still came, delivered presents and didn’t make a peep – or at least wasn’t loud enough to wake me up.

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The Right Way to Save for a Big Purchase

Saving for a Big Purchase

Let’s be honest, most of us all want something we don’t have at the moment. It could be a new house, a new car, a new job, a vacation, etc. And, while it’s been proven that “experiences” bring more memories than actual physical items, it doesn’t mean we still don’t want them.

Whether it’s wanting a new house, a second house, or a dream vacation, it takes money and time to get there. That means savings on your part. And, let’s face it, we’re not that good at saving money. Most of us specialize in spending money – and we’re quite good at it.

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The Right Way to Get out of Debt

The Right Way to Get out of Debt 1

With the record amount of debt in the U.S. today, you would think it’s a just part of being a citizen. As sad as that sounds, it’s true. And, it’s not like our government is setting a great example with the millions of dollars it adds to its books every single day.

But trust me when I say this; going into debt isn’t what the cool kids are doing. Debt sucks. It’s a burden and can do irrefutable damage to not only one’s credit but more importantly, to one’s overall lifestyle.

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Five Financial Apps That Will Make Your Life More Efficient

Financial Apps That Will Make Your Life Better

It’s that time of the year again where budgets get thrown out the door, and we start spending money like it’s our job. And, while you would think that an article like this would be better suited for January, I thought I’d take a different approach.

Instead of giving you useful financial tips and apps after you’ve done all of your Christmas spending, I want to give you some tips prior to seeing if any of them might stick. While it’s probably just a shot in the dark, I like to think of it as my gift to you this holiday season – sorry, it’s all I have in the budget.

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If Your City Lands Amazon HQ2, How Will it Affect You?

Amazon HQ2

In case you haven’t heard, Amazon is looking for a second headquarters. Now, why they need a second headquarters hasn’t exactly been explained, but they just do. Apparently, it’s kind of a big deal.

If the city you live in qualified to put in a bid, then it’s very likely they did just that. I haven’t actually come across any cities who met Amazon’s requirements, but didn’t actually put in a bid… although I would be very interested in learning why, since it would no doubt make them the outlier.So, what are these requirements that Amazon put out there?

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Why Your Credit Report Controls Your Financial Life

Your Credit Report Controls Your Financial Life

With the Equifax date breach being announced just over a month ago, credit reports and credit scores were actually an important topic of conversation for a change. However, a month in this day and age can seem like years ago.

Now that it is almost considered old news, we’re back to our normal everyday lives and, believe it or not, that’s not thinking about our credit reports or even our credit scores. That has become old news and we’ve now moved on to the next headline.

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Why Home Ownership Shouldn’t Be The American Dream

Home Ownership Shouldnt Be The American Dream

Once we graduate college and get our first job, it seems like our next unwritten goal in life is to buy a new home. Right or wrong, that seems to be how life goes. I’m by no means saying it’s the wrong choice to make – heck I did it and still own a home – but should it really still be called the “American Dream?”

In my humble and probably subjective opinion, the answer is no. While home ownership can be an incredible feeling and certainly a feeling of “growing up,” it’s definitely not for everyone. There are plenty of pros and cons to owning a home just as there are plenty of pros and cons to renting. It’s up to each individual to determine what’s right for them.

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These Four Things Could Surprisingly Kill Your Personal Finances

These could kill your finances

We all know the old saying, “What you don’t know can’t hurt you.” But what does that even mean and where the heck did it come from? I can tell you for certain it definitely doesn’t apply to the world of finance.

In my world, what you don’t know can definitely hurt you. And, as bad as this is going to sound, a lot of the biggest banks in the world were built from people “not knowing.” Whether it’s hidden fees, even if they are legal (no offense, Wells Fargo), or paying interest, these seemingly little things can add up to a lot of money over time.

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How Do I Invest My Money?

How I invest my money

If you had a chance to read my blog from last week, you were enlightened to my worst investment ever. Not exactly a story I like to talk about and, for some reason, I thought I’d just tell the whole world about it—like I mentioned, probably not the best way to attract potential clients as a financial advisor.

Today, however, we’re going to take a look at what I’ve learned over the years and find out exactly how I invest my money for the various goals my wife and I share. While I wish I could tell you I have some kind of crazy system that involves algorithms and lots of other cool sounding stuff, sadly, it’s really not that exciting.

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How to Become Your Own Financial Advisor

Become Your Own Financial Advisor

Like it seems for just about every service profession today if you want to go the DIY route and figure it out for yourself, just Google it and you’ll be on your way. I swear I think there is a YouTube video for just about every DIY project you’re attempting to do around the house, with some being easier than others.

While it’s not quite that easy when it comes to managing your finances or becoming your own financial advisor, it can still be done. As long as you have the time and willingness to learn, you certainly can go at it yourself. Many people handle their personal finances themselves and do a great job.

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