Navigating the health insurance market can be challenging and even overwhelming. Let’s take a look at two different types of health plans. Low Deductible vs. High Deductible Health Plans What is the difference? A High Deductible Health Plan (HDHP) has a higher deductible, just as the name implies, that an individual or family must pay
You must manage your borrowings to your benefit alongside smart saving and investment decisions in order to achieve the most out of your financial situation.
For those of us with little goofers of our own running about, a 529 college savings account is a great way to start saving for their college education expenses. Updated tax law allows for the use of 529 funds for private k-12 tuition, up to $10,000 annually. These plans are no longer used only for
When starting a new job, you are bombarded with forms to complete. Some, like tax withholding forms, are familiar. Anything related to insurance benefits can be overwhelming. It does not matter if someone is starting a first job or has been in the workforce for decades. It can be daunting. Let’s take a brief look
In summary, taxes stink. So it is good to know how they work and how you can avoid them in cases where you are able to do so. Due to the complexities of the IRS tax code this section could be a website by itself, so what follow is a brief focus on how the tax code applies to young professional readers.
Not having the appropriate insurance coverage in place to protect you from the unexpected can wreck any well thought out financial plan. If you lose your ability to earn and save and are under or uninsured from a loss of life or disability, then all of the reading you have done thus far will be of little to no help to you.
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All information included in this page and all pages throughout Young Money, Smart Money is provided for informational and educational purposes only and should not be taken as investment advice or a recommendation to invest accordingly. Investing involves risk, including a potential for a loss of principal. Educate yourself about all investments and funds you purchase, including their risks, objectives, and fees and expenses before investing. For additional assistance, please contact us or another financial professional for a more detailed review of your specific situation.
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