When it comes to preparing for retirement, most people think about building their 401(k), IRA, or other traditional retirement accounts. However, there’s a lesser-known savings tool that can be just as powerful—if not more so—when it comes to covering one of the biggest retirement expenses: healthcare. That tool is the Health Savings Account (HSA), and […]
Becoming a millionaire may seem like a distant dream for many, but it’s a goal that’s more attainable than you might think—with the right strategies and mindset. While you can’t control the stock market or predict economic downturns, you can control your financial habits and investment strategies. By focusing on the fundamentals of investing and
How to Become a Millionaire: Controlling What You Can Control Read More »
Retirement planning often focuses on saving and investing, but there’s another crucial aspect that’s sometimes overlooked: how much cash should you keep on hand once you retire? Striking the right balance between having enough cash to cover immediate needs and avoiding too much sitting idle is vital to ensuring financial security and peace of mind
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Roth conversions have become a popular strategy for individuals looking to optimize their retirement savings and reduce future tax burdens. However, the decision to convert traditional IRA assets to a Roth IRA isn’t always straightforward. It involves understanding the tax implications, timing, and specific rules like the pro-rata rule, which can complicate the process. In
Should You Do Roth Conversions? Read More »
Inheriting an IRA can be a significant financial opportunity, but it also comes with its own set of rules and complexities. If you’ve recently inherited an IRA, you might be wondering what steps to take next. This blog post will walk you through the essentials of managing an inherited IRA, whether you’re a spouse or
Inheriting an IRA: What You Need to Know to Make the Most of It Read More »
Leaving a job is a big deal, and it comes with a lot of important decisions—one of the most significant being what to do with your 401k. Should you roll it over to a new plan, or should you just leave it where it is? In this post, we’ll break down your options so you
Should You Roll Over Your 401k When You Leave Your Job? Read More »
Choosing between a Roth 401k and a Traditional 401k is one of the most important decisions you’ll make when planning for retirement. It’s not just about picking an account—it’s about aligning your choice with your long-term financial goals, tax strategy, and retirement vision. As a certified financial planner and founder of The Hourly Advisor, I’ve
Roth 401k vs. Traditional 401k: Which One Is Right for Your Retirement? Read More »
Social Security benefits are a crucial part of retirement planning for many Americans. Whether you’re nearing retirement or already receiving benefits, knowing how to optimize your Social Security can significantly enhance your financial well-being. In this comprehensive guide, we’ll explore five key strategies to help you get the most out of your Social Security benefits.
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