A Guide to Saving for a House Down Payment

Saving for a house down payment while renting can seem like a daunting task, especially in this economic environment. Housing prices continue to soar, and savings accounts offer very little interest. Given these circumstances, setting aside money in a bank savings account can make the uphill climb seem even more challenging. How Much Money to…… Continue reading A Guide to Saving for a House Down Payment

When Roth IRAs Make Sense for Millennials

Roth IRAs are often associated with younger, entry-to-mid-level workers for their tax advantages. However, as millennials step into their high-income years, contributing to a Roth IRA, even indirectly, still makes a lot of sense. I will discuss using a Roth IRA for emergency funds, education savings, a home purchase, Roth IRA conversions, and Backdoor Roth…… Continue reading When Roth IRAs Make Sense for Millennials

Inflation Rates Are Rising: What You Need to Know

Inflation seems to be all the rage today with traditional and financial media, and for a good reason. Globally, inflation rates have increased significantly over 2021. Inflation rates are running higher for consumers than in over a generation, and that has many people asking: How does inflation work? Should I be concerned about inflation? What…… Continue reading Inflation Rates Are Rising: What You Need to Know

OK Boomer: How the Economy Was Ruined for Millennials

Avocado Toast Is Under-appreciated Boomers have been on the backs of us millennials ever since we entered the workforce. Millennials are called coddled, lazy, entitled, “The Boomerang Generation,” and “The Peter Pan Generation.” Some of this is true. Still, it is most unfair, especially as many previous generations have exhibited similar same traits. However, millennials…… Continue reading OK Boomer: How the Economy Was Ruined for Millennials

Published
Categorized as Economics

Financial Advice for Millennials Will Be Different

Millennials Will Ruin Another Industry Do you remember family restaurants or plastic straws? They are still around, but I can’t recall the last time I sipped through a plastic straw inside a TGIFridays. Millennials have undoubtedly had an outsized impact on the restaurant industry and will similarly affect financial advice. Key Takeaways Millennials are slowly,…… Continue reading Financial Advice for Millennials Will Be Different

Understand and Maximize Your HSA for 2022

What Is an HSA? An HSA, or Health Savings Account, is a tax-advantaged account for individuals with high-deductible health plans (HDHP). The HSA allows individuals to save for medical expenses that the HDHP does not cover. The 2022 HSA contribution limits are $3,650 per individual and $7,000 for a family. There is a $1,000 catch-up…… Continue reading Understand and Maximize Your HSA for 2022