Could a Health Savings Account Help Strengthen Your Retirement Plan?
In a 2019 Gallup poll, 25% of Americans age 50 to 64, and 23% of those age 65 and older, said health care costs were their top financial concern. Should you consider an HSA?
Three Regrets of Retirees
A recent survey found that more than half of retirees have retirement planning regrets. Unfortunately, many of these retirees had to cut back on their lifestyles to compensate for financial shortfalls.1 Considering their most common regrets may help you avoid making the same mistakes. Not Saving Enough More than one-third of retirees wish they had…
How Secure Is Social Security?
If you’re retired or close to retiring, then you’ve probably got nothing to worry about — your Social Security benefits will likely be paid to you in the amount you’ve planned on (at least that’s what most of the politicians say). But what about the rest of us? The Media Onslaught Watching the news, listening…
In the News: Keep Your Plan Based on Your Needs, not Politics
In today’s Marietta Daily Journal, Bil Lako, CFP® explains to those worried about politics affecting the markets that the economic backdrop already in place when impeachment talks begin generally will prevail.
Balancing 401(k) and HSA Contributions
If you can contribute to both a 401(k) and HSA, determining how much to contribute to each type of plan will require some careful thought and strategic planning.
What Life Events Trigger the Need for Financial Advice?
As you move through different stages of life, you will face new and unique financial situations. Did you just get engaged? Perhaps you are wondering how you and your partner are going to manage your money together. Do you have children? Maybe you are looking for ways to pay for their college education. When you…
In the News: Is the Roth 401(k) Right for You?
In today’s Marietta Daily Journal, Bil Lako, CFP®, explores the benefits of the Roth 401(k) option. Read the article here. Disclosures: The investments referenced within this article may currently be traded by Henssler Financial. All material presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. The contents are…
Saving for Retirement—Taking the Tax Savings Now or Later
In today’s Marietta Daily Journal, Bil Lako, CFP® explains the how saving for retirement to a Roth IRA for tax-free retirement funds and saving pre-tax money to a 401(k) can benefit you regardless of what you choose. Read the article here. Disclosures: The investments referenced within this article may currently be traded by Henssler Financial.…
Saving for Retirement—Taking the Tax Savings Now or Later
The “Money Talks” experts compare saving money to a Roth IRA for tax-free retirement funds versus taking the tax break now by saving pre-tax money to a 401(k).
Deciding Between an IRA and a 401(k)
In today’s Marietta Daily Journal, Bil Lako, CFP® compares saving to an IRA and a 401(k). Both are tax-favored retirement accounts, but there are differences between the two types of savings plans that you should understand before you start saving. Read the article here. Disclosures: The investments referenced within this article may currently be traded…