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I've written previously about why I think an HSA is not only great in general, but is especially great if you have the ability to use it as a stealth retirement account. But for folks who want to use it this way, the HSA provider that they are with is not always the optimal choice. … Continue reading Why You Should (and How To) Transfer Your HSA to Fidelity
“Unexpected Expenses” is a topic that frequently comes up in my classes and when talking with others about finances. This is in the context of a discussion around spending less than you make, saving and investing the rest, and letting compound interest work its magic. Pretty much invariably, several folks will say something similar to … Continue reading Most Unexpected Expenses…Aren’t
First, I need to apologize, because not every Colorado teacher just got a big raise. But due to a confluence of circumstances, quite a few did. These circumstances include: The state legislature having surplus dollars and finally deciding to try to make up for the years of underfunding of K-12 education (known, I kid you … Continue reading Colorado Teachers Just Got a Big Raise: Now What?
As I mentioned in a previous post, one of the changes made by the recent Consolidated Appropriations Act is the ability - with some important restrictions - to transfer some money from a 529 plan to a Roth IRA. The intent of this law is good, I think. Some people have been hesitant to save … Continue reading 529 to Roth Conversions: Some Possibilities
Correction 1-21-23: The original version of this post contained a mistake. The credit rate (50%, 20%, 10%) only applies to the first $2,000 you contribute to a qualified plan. Amounts above $2,000 don't get the credit. In the original post, I assumed that as long as the credit rate times the amount contributed didn't exceed … Continue reading Saver’s Credit: An Overlooked Tax Credit for Many Beginning Teachers
I've written a bit before about investing, volatility and asset allocation (here, here, and here, as well as in my books). Individual circumstances matter a lot, including - but not limited to - your goals, your risk tolerance and your investment horizon. But, in general, I think that many people are not invested enough in … Continue reading Investing, Volatility and Asset Allocation
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