This is the next article in my ‘Back to Basics’ series. You can read my first article, on compounding interest or my follow up article on predatory lending This article is meant for everyone. If you’re a junior enlisted person or junior officer, please share this with a friend. If you’re a leader of junior troops, feel free to use this article as a set of talking points for your one-on-one sessions. The focus of this article is to protect our junior personnel, many of whom may still be trying to get a handle on the responsibilities that military life …Read More
“Health Care Costs for Couples in Retirement Rise to an estimated $245,000” claims a Fidelity Investments report. If you are approaching Retirement, this is an important financial concern that must be addressed. So, what do you do? How do you cover these expenses? Do you have a plan?
One solution: Healthcare Savings Account (a.k.a. HSA)
For example, in the year 2016, a married couple at the age of 55 can save up to $7,750 per year and save paying taxes on the contribution. Such contributions can be invested, grow tax-free and can be withdrawn tax-free as well if used …Read More
By Eve Kaplan, Certified Financial Planner ™
Welcome to the Sandwich Generation! You’re a member if you’re “sandwiched” between helping adult children and aging parents. Americans see themselves are more “independent” and sometimes less family-oriented than some other cultures but you still may be on the hook to support adult children in their 20s, 30s and beyond – while simultaneously savings for yourself plus helping prop up your parents in their 70s, 80s and 90s.
A generation ago it wasn’t uncommon for a 25 year old man or woman to be married, own a home, have young children and already …Read More