by Dayle Scheinman | Jan 28, 2024 | Uncategorized
In America today, carrying some debt is unavoidable, and even desirable, for most households. But between mortgages, car payments, and credit cards, many Americans find themselves over their heads — unable to dig out from under a growing debt burden that...
by Dayle Scheinman | Jan 28, 2024 | Financial Health, Retirement Planning
Is there anything your 401(k) plan can’t do? It allows for tax-deferred earnings in traditional accounts and tax-free earnings in Roth-style accounts. And traditional plans enable you to make contributions in pretax dollars, helping to reduce your taxable...
by Dayle Scheinman | Jan 28, 2024 | Financial Health, Investing
According to the Bureau of Labor Statistics, today’s median bachelor’s degree recipient receives $1,281 in weekly earnings compared to the $749 made by a typical high school graduate.1 Clearly, one of the best investments you can make for your children is...
by Dayle Scheinman | Jan 28, 2024 | Defined Contribution Plans
Retirement plan contribution limits effective January 1, 2024, include: 401(k) Contributions Increased to $23,000 Catch-up: stayed the same at $7,500 IRA Contributions Roth: increased to $7,000 Traditional: increased to $7,000 Catch-up: stayed the same at $1,000...
by Dayle Scheinman | Nov 22, 2023 | Financial Health
A Health Savings Account (HSA) is a tax-advantaged savings account designed for individuals with high-deductible health plans (HDHPs) to help them save for qualified medical expenses. Here are some of the key benefits of having an HSA: 1. Tax Advantages • Tax...
