Archive - September 19, 2015

1
When Should You Stop Funding Your HSA?
2
Should you invest in stocks?
3
Diversification: I Know I Should, But Why?

When Should You Stop Funding Your HSA?

A Health Savings Account (HSA) is a rare type of account where you can get a tax deduction when you put the money in and then pay no tax when you take the money out for qualified medical expenses.

In 2015, individuals with high deductible health plans can contribute $3,350 and families can contribute $6,650 per year. Those 55 or older can contribute an additional $1,000.

High income earners who are not allowed to contribute to their Roth IRA or deduct contributions traditional IRAs are still allowed to deduct contributions to HSAs.

Before age 65, any money you …

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Should you invest in stocks?

This past weekend I went to an investor fair sponsored by the Chicago North and West Chapters of BetterInvesting. These are the people who used to be known as the National Association of Investment Clubs. I write a quarterly column—Fund in Focus­­—for the magazine, and the occasional cover story. But like so many relationships these days, mine is virtual so it was nice to meet some of my fellow authors (and they are nearly all fellows, which is a bit disappointing).

They tend to be an engaged and savvy group. Maybe this is the product of self …

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Diversification: I Know I Should, But Why?

Any discussion of the tenets of long-term investing includes the recommendation for diversification. This concept is delivered almost without thought – after all, as children we are taught “Don’t put all your eggs in one basket!”. But have you ever stopped to consider just why we should diversify?

Of course, in the example of the saying about the eggs, it’s simple spreading of risk: if you have all your eggs in one basket and you drop that basket… all your eggs have broken! By spreading your eggs into a second basket, if one basket is dropped, only those eggs in …

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