Tag: Saving
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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…
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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…
