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HSA: An Unknown Savings Spot For Young People

WebA 25-year-old who adds $1,000 to their HSA per year and doesn’t spend it could, after 30 years, turn $30,000 in contributions into $70,000 or more. The portability …

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URL: https://sachetta.com/blog/hsa-savings-young-people

Are You Taking Full Advantage of an HSA as a Retirement Saving …

WebHealth savings accounts are prized by many for their short-term benefits. HSA contributions are tax-deductible, lowering your tax bill every year that you add to the …

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Retirement Planning vs. Financial Planning: How They are …

WebWhile retirement planning and financial planning are technically different practices, they’re closely connected. Financial planners often provide retirement planning services, while …

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Estate Planning Checklist When Managing a Terminal Illness

WebAfter you or a loved one has been diagnosed with a terminal illness, you probably don’t want to spend any more time sitting in an estate planning advisor’s office …

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Checklist for a Satisfying Retirement

WebThough your vision for your ideal future may be unique to you, these are the eight areas I think about as the building blocks for a satisfying retirement. Financial …

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Tax Planning for Retirement: Topics for Your Next Tax Meeting

WebStephen P. Ahern, CPA/PFS, CFP®, AEP®, MST. Stephen is a licensed Certified Public Accountant (CPA), a Certified Financial Planner™ practitioner (CFP®) …

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Should You Preserve Your Wealth for Future Generations

WebIt’s the brainchild of hedge fund manager Bill Perkins, who published Die with Zero: Getting All You Can from Your Money and Your Life in 2020. The idea is that you …

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Estate Planning and Marriage: Considerations for Couples

WebEstate planning for married couples isn’t complicated. An individual’s situation and needs are unique and here are some general answers to common questions.

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Important Insurance Policies For Each Stage of Life

WebOur lives are marked by milestones. High school graduations, 30th birthdays, weddings, home purchases – the major moments often represent transitions between …

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Do You Need Long Term Care Insurance

WebSachetta, LLC : Aug 10, 2020. Insurance. Right now, a 65-year-old has a 70 percent chance of needing long term care at some point in the future. Twenty percent of today’s 65-year …

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The Biggest Mistakes Parents Make When Setting Up a Trust

WebJoseph Sachetta, CFP®, CPA/PFS, MBA, MST, For over 40 years, Joe has worked in finance and accounting.He is a Certified Financial Planner, and a Certified …

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Essential Estate Planning Documents That Most People Need

WebThere are essential estate planning documents adults as young as 18 can and should have as they allow your loved ones to speak for you if that became necessary.

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Simplified Home Deduction, and Other Tax Considerations for

WebTo take the simplified home deduction, multiply the number of square feet devoted to your home office by the flat rate of $5 per square foot. The IRS only allows …

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3 Essential Tips for Planning for Future Care Needs with a

WebLiving with a disability usually comes with a need for special care. So, it’s important that adults with disabilities plan properly so that they can receive that care now …

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Bonds vs. Bond Funds: How They Differ and Which One’s

WebDiversification: Both bonds and bond funds can be used to help you diversify your portfolio, but bond funds are typically the better choice if diversification is a top …

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Three Important Estate Planning Documents for 18-Year-Olds

WebAt 18, a young adult might own little more than the contents of their bedroom. So estate planning might be the last thing a recent high-school graduate is thinking …

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Caring for Your Aging Parents

WebYou can quit a volunteer commitment or drop an intensive hobby if it takes up too much time and interferes with your goals. When it comes to caring for aging …

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When is the Right Time to Hire a CPA

WebThere’s no “wrong” time of year in which to hire a CPA. (That said, the beginning of April isn’t the ideal time!) You benefit from these services all year. But if you …

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