- HSA Investment Strategy: Guide
With an HSA investment strategy, account holders can grow health care savings through mutual funds, ETFs or similar investments. While HSAs are commonly used for short-term medical expenses, the option to invest contributions allows for long-term compounding and potential tax-free growth. Choosing when and how to invest depends on individual healthcare needs, risk tolerance and… read more…
- What to Do With HSA Excess Contributions
Health savings accounts allow you to save money for healthcare-related expenses on a tax-advantaged basis. Similar to individual retirement accounts (IRAs), the IRS limits annual contribution limits to an HSA. Contributing more than the limit creates an HSA excess contribution. In that scenario, there are two things you can do to correct excess contributions to… read more…
- Can I Contribute to an HSA After I Retire?
A health savings account (an HSA) is a form of tax-advantaged retirement account designed for healthcare spending. You can make contributions to your account at any time so long as you aren’t enrolled in Medicare. During any period when you… read more…
- MSA vs. HSA: What’s the Difference?
Medicare savings accounts (MSAs) and health savings accounts (HSAs) both give consumers tax-advantaged ways to fund the costs of healthcare. MSAs are only for people enrolled in high-deductible Medicare plans. HSAs are restricted to people in high-deductible private insurance plans.… read more…
- HSA vs. HMO: What’s the Difference?
A health savings account (HSA) and a health maintenance organization (HMO) are both intended to help people cover the costs of medical care. However, they take very different approaches. HSAs are tax-advantaged savings accounts that allow people to pay for healthcare using pre-tax dollars. HMOs are health insurance plans that limit policyholders to using healthcare… read more…
- How Much Do Different Assisted Living Options Cost?
The average cost of assisted living was $4,000 a month in 2018, according to Genworth Financial, which has been tracking costs since 2004. Across the country, though, the price of assisted living varies widely depending on such factors as location,… read more…
- What is an Elimination Period?
Before your long-term care insurance or disability insurance coverage kicks in, you may be disabled or hospitalized for a length of time. This period is known as the elimination period. Read on discover how an elimination period can impact your… read more…
- Types of Long-Term Care Facilities
Though probably the most well-known, nursing homes are just one of many types of long-term care facilities available to seniors. Facilities vary by level of services. Assisted living residences and adult foster care homes are at the low end of… read more…
- Assisted Living vs. Nursing Homes: Key Differences
Assisted living facilities and nursing homes differ in many ways, including the type of care provided, cost, and offerings for residents. You or a family member may need more help in retirement than family and friends can provide. Residential facilities,… read more…
- Independent Living vs. Assisted Living
More than 70 million aging adults will strain U.S. financial and medical institutions in the near future. Their Millennial children, struggling with student debt imposed by the Boomers’ choice to defund higher education in favor of tuition increases, will be… read more…
- Senior Independent Living: Definition, Services and Cost
As you age, it’s important to make decisions that help you attain your desired lifestyle. Where you plan to live is among those important considerations. Nursing homes and assisted living facilities offer care and hands-on help, while independent living provides… read more…
- How to Retire in Puerto Rico
Puerto Rico is famous for its tropical climate and sunny beaches, which make it a particularly attractive vacation destination. But the island, which has a population of about 3.2 million, also boasts a number of financial perks for retirees looking… read more…
- What Are the Costs of Living on a Cruise Ship as a Retiree?
The first step in planning for retirement involves forming a clear vision of the lifestyle you want to enjoy. Often that means pulling up stakes and moving to another location in the United States or abroad – choosing your new home… read more…
- What Is Indexed Universal Life (IUL) Insurance, and Is It a Good Investment?
In exchange for paying premiums, life insurance provides beneficiaries with a large payment upon the insured’s death. It’s a way to protect your family after you pass, especially if that happens when they still depend on you financially. But there are… read more…
- How to Get Health Insurance When You Retire Early
Is the thought of losing your employer-sponsored health plan keeping you from retiring early? Don’t stress. There are plenty of ways you can kick off your golden years early while still having affordable health insurance to fall back on when… read more…
- A Guide to Health Insurance for Retirees
After all your hard work, you deserve to enjoy your retirement without worrying about whether or not your healthcare expenses will be taken care of. Despite rising healthcare costs, there are several ways you can ensure your coverage is strong… read more…
- How to Retire in Germany: Visas, Healthcare & More
Germany has become a popular destination for American retirees due to its reasonable costs, excellent healthcare system and well-kept infrastructure. The weather may not be on the level of Thailand or Portugal, but if you don’t mind some chilly winters,… read more…
- What Is a Living Will?
A living will is often overlooked in favor of a last will, but both are important and individual documents for you to consider. A living will is a written statement that states your wishes for medical treatment in cases where… read more…