When do I sign up for Medicare?

Health Insurance can feel like a puzzle, where we can eyeball a part, but we won’t know if it’s correct until the pieces around it are found. In a sense, Medicare exists to help eliminate the puzzle aspect. However, the process of starting Medicare can be equally confounding. One of the most critical questions is, when do I sign up …

Contribution Limits for 2021

The IRS announced that employee contribution limits on 401(k)s and other qualified retirement accounts would remain the same in 2021. The deferral limit for individuals under the age of 50 is $19,500. The catch-up for individuals over age 50 will be $6,500. The total contribution limit (from all sources) is increasing by $1,000 to $58,000 in 2021 (and $64,500 including …

Health Savings Accounts

The Health Savings Account (HSA) is one of the most powerful investment vehicles. Not only is it the only account that offers triple tax savings at the federal level (if funds are used for qualified medical expenses). HSA funds can be used as an additional source of retirement funds after the age of 65. However, there are several restrictions to …