Retirement

October 06, 2022
What are Series I savings bonds & should I buy them now when inflation is high?

The United States inflation rate has been higher than many of us have ever seen. I was a child when the inflation rate was this high. And while I remember having to be the person who physically got up to change the TV channel before remotes existed, I don’t actually remember the high inflation rates.…

January 03, 2022
Do I need to file a tax return if my only income is Social Security?

Social Security Income (SSI) is considered taxable income. But these payments aren’t always taxable. There are a few exceptions, so let’s take a close look. 1) Is my social security taxable? For purposes of this discussion, we are talking about social security payments that get reported to you and the IRS on a tax form…

August 05, 2020
What is a Health Savings Account and Should I Open One?

If you have a High Deductible Health Plan for your health insurance, then you are eligible for a Health Savings Account (HSA). You can use HSA funds to pay for qualified medical expenses. These expenses can be incurred by you, your spouse, or any dependents listed on your tax return. There is no need to…

February 20, 2020
4 Questions to Figure Out How Much Money You Need to Retire

That is a hard question, which I can only answer with a lot more questions! Question 1: Timeline The first question you need to ask yourself is: when do you want to retire? This will help you figure out how much time you have to get where you want ...

May 17, 2021
What Is a Roth IRA?

A Roth IRA (Individual Retirement Account) allows you to save up to a certain amount of money in a non-deductible, after-tax account. Contributions to the account are not tax-deductible, but funds grow tax-free. Any withdrawals made after age 59 ½ ...