Wednesday, July 26, 2017
Tuesday, July 25, 2017
Thursday, July 20, 2017
Highlights for July 22 Your Safe Money Show
July 22 Your Safe Money Show we'll talk about what the cost of alcohol over the course of one’s lifetime means in real dollars. And we are using alcohol as an example but we could easily have used tobacco, eating out, whatever. I think you’ll find the numbers interesting.
Medical debt can devastate people’s lives but there are some big changes coming to the way credit agencies report this debt that should help people.
We so often hear that younger people drive the economy by spending more on goods and services than older people. Well once again baby boomers are changing that line of thinking.
Tune in to KBEK 95.5FM, Saturday at 7:30 a.m. and they stream live at kbek.com. Hear past shows podcast at yoursafemoneyshow.com.
Medical debt can devastate people’s lives but there are some big changes coming to the way credit agencies report this debt that should help people.
We so often hear that younger people drive the economy by spending more on goods and services than older people. Well once again baby boomers are changing that line of thinking.
Tune in to KBEK 95.5FM, Saturday at 7:30 a.m. and they stream live at kbek.com. Hear past shows podcast at yoursafemoneyshow.com.
Tuesday, July 18, 2017
Health Savings Accounts
A health savings account (HSA) can make a be a great retirement savings vehicle.
A health savings account is a tax-advantaged medical savings account available to taxpayers in the U.S. who are enrolled in a high-deductible health plan.
As with a traditional 401(k) or IRA, an HSA allows you to set aside pretax money without paying federal or state income tax on it.
Money in HSAs grow tax-free, and if used for medical expenses, can also be withdrawn tax-free, compared to a traditional 401(k) or IRA, where you pay income tax on your withdrawals.
The biggest payoff with an HSA comes when the money set aside isn’t all used for current medical bills and instead compounds over time before being used for qualified expenses. Once you are enrolled in Medicare you can no longer contribute to an HSA. But you can continue to tap your HSA balance for medical expenses for yourself, your spouse and any dependents you may have.
A health savings account is a tax-advantaged medical savings account available to taxpayers in the U.S. who are enrolled in a high-deductible health plan.
As with a traditional 401(k) or IRA, an HSA allows you to set aside pretax money without paying federal or state income tax on it.
Money in HSAs grow tax-free, and if used for medical expenses, can also be withdrawn tax-free, compared to a traditional 401(k) or IRA, where you pay income tax on your withdrawals.
The biggest payoff with an HSA comes when the money set aside isn’t all used for current medical bills and instead compounds over time before being used for qualified expenses. Once you are enrolled in Medicare you can no longer contribute to an HSA. But you can continue to tap your HSA balance for medical expenses for yourself, your spouse and any dependents you may have.
Monday, July 17, 2017
Thursday, July 13, 2017
Highlights for July 15 Your Safe Money Show
On Your Safe Money Show this week I will go over common scams that people still fall for. I am hoping this information will keep you safe.
I am also going to take you back to school with retirement terms that are good for you to know and understand.
And we’ll look at the new target retirement age, it might surprise you what that number is.
Tune in at 7:30 a.m. at KBEK 95.5FM. They stream live at kbek.com. Listen to past shows at our podcast page at yoursafemoneyshow.com.
I am also going to take you back to school with retirement terms that are good for you to know and understand.
And we’ll look at the new target retirement age, it might surprise you what that number is.
Tune in at 7:30 a.m. at KBEK 95.5FM. They stream live at kbek.com. Listen to past shows at our podcast page at yoursafemoneyshow.com.
Wednesday, July 12, 2017
Subscribe to:
Posts (Atom)