Money

A recent study provided some shocking results about the average retirement savings based on age group. Across all age groups, none were saving enough money for retirement. Not a single one. On a whole, workers over age 55 had less than $50,000 saved for retirement. And workers under 35 average less than $6,000 in savings […]

Setting aside money on a pre-tax basis into a health savings account is a smart thing to do if you are a participant in a high deductible health plan. As long as you use the funds for specific healthcare costs allowed by government regulations, you will never pay tax on the money you set aside. […]

Deposit insurance is one of the most critical things you need to know about when it comes to your day to day banking. Having this type of insurance is something that you probably never think about, but going without it is one of the largest financial risks you can take with your daily banking. Not […]

With the high cost of healthcare, consumers are looking for various ways to lower the cost while still getting the service that they need. This is taking the form of catastrophic health plans, alternative treatments and even millions of people going without health insurance altogether. In the past few years we‘re also seeing the rise […]

Many employers are switching their health insurance plans to high deductible health plans (or HDHP) that have a health savings account (or HSA) tied to them. The health savings account allows both the employer and the employee to deposit money into the employee’s account to help cover some of their medical costs before the high […]

As of 2013 contributions into flexible spending accounts are no longer uncapped. (Most employers set a $5,000 cap, but it wasn’t a government requirement.) Since January 1, 2013 there is now a regulated cap of $2,500 per year. That means you can set aside $2,500 of pre-tax income each year into a flexible spending account. […]

There’s been a lot of talk around the Affordable Care Act and who is truly benefiting. The politicians in Washington have been saying that consumers will have better coverage at a lower cost for years as the controversial legislation rolled out. Yet that hasn’t come to fruition yet. To start, it is exceedingly difficult to […]

April was an interesting month for mutual fund investors around the globe. Fear in the markets about crisis in Europe and various other issues caused stock mutual fund redemptions to reach a level they haven’t seen in 17 years. But what is a stock fund redemption, and what does it really tell us about the […]