Health Savings Accounts (HSA’s)

Health Savings Accounts (HSA’s)

A Health Savings Account, more commonly known as an HSA, can be a powerful tool. To put it simply, an HSA is a savings account. An individual or a family can deposit money into this account to be used for future health care costs; with one caveat: the funds inside the account can only be used for certain qualified medical expenses, otherwise taxes and penalties may apply.
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Good Debt vs. Bad Debt

Good Debt vs. Bad Debt

Your personal net worth consists of both assets and liabilities. The simple equation to calculate your Net Worth is:

Net Worth = Assets – Liabilities

Liabilities or debts, often given a bad rap, tend to be overlooked in favor of assets. However, debt can be a powerful tool; the amount you borrow and the way in which you use it will determine whether it is good or bad. Read More..

2018 Year End Planning

2018 Year End Planning

With the end of 2018 fast approaching, now is a great time to give your finances a review. The following financial planning moves, if appropriate for your circumstances, are items to consider as we wrap up 2018 and look forward toward 2019.
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Charitable Donations: Stock vs. Cash

Charitable Donations: Stock vs. Cash

As we approach year end and the holiday season, you may be thinking about giving back. According to the Network for Good, 29% of all giving done on their platform in 2016 occurred in December, with 11% taking place over the final three days of the year. Properly planning your charitable contributions can help lead to a more profound positive impact on the cause of your choice while helping to alleviate the tax impact on yourself. Now is the time to plan out and begin to execute your charitable giving strategy.

Donating stock can be a very impactful way of making your charitable contributions. Consider these four reasons when deciding to donate stock vs. cash to your favorite charity or cause.
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The Financial Crisis: Then and Now

The Financial Crisis: Then and Now

Today, we can look back and glean important insights from the financial crisis that began with the U.S. housing market and culminated with a full-blown global credit crunch that affected many countries around the world. This crisis, known as the Great Recession, is the worst recession in the United States since the Great Depression. The start of the crisis is often marked by the bankruptcy of investment bank Lehman Brothers on September 15, 2008. Read More..

The “New Retirement”

The “New Retirement”

Emphasis in retirement is generally placed on financial planning, which is critically important, but doesn’t address the potential void of emotional, psychological, intellectual and physical adjustments. Serious attention to these non-financial aspects is important for those who are considering retirement, wanting to revitalize their current retirement and/or are a partner in a retirement relationship.
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The Sandwich Generation

The Sandwich Generation

According to the Pew Research Center, 1 in 7 middle aged adults is providing financial support to both aging parents and their children. The term “Sandwich Generation” is used to describe people between their late 30’s through their early 50’s who are feeling the financial pressure of supporting their aging parents, supporting their children, and saving for their own retirement. Read More..

2018 Retirement Account Contribution Limits

2018 Retirement Account Contribution Limits

Tax-deferred retirement accounts allow investments to compound free of taxes, which can make them an exceptional investment vehicle. One of the downsides is the fact that there are annual contribution limits on these accounts. The IRS is in charge of determining the contribution limits to each of these types of accounts. In determining these limits, they take into account several factors including your income. They announce the limits for the upcoming year annually, which may or may not change. Below are the 2018 contribution limits for some of the various retirement accounts.
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