If closing an account at Schwab is in line with your goals, take comfort in knowing that you are able to close your accounts at Schwab without losing access to your important documents.
Within employer-sponsored retirement plans, there are special provisions for employees (not owners) who continue to work beyond their typical required beginning date.
Once you’ve open an HSA and have started making contributions, it is important that you set beneficiary designations on the account.
Unlike some other HSA custodians, the beauty of using the Fidelity HSA is you don’t have to open a second account for the purpose of investing your HSA funds.
There are two ways to make a contribution to a Fidelity HSA. Here is how to do them both.
This notice did not offer the final guidance we were hoping for, but rather continued to push the decision further down the road.
Going forward, the Fidelity HSA® is my primary recommendation for an HSA custodian.
In 2019, the SECURE Act changed how inherited RMD rules work. After many IRS notices, we now aren’t sure how the new rules work.
Avoiding PMI, if possible, is better for your long-term finances. Here are three strategies to avoid PMI.
When an HSA is left to a non-spouse, the account stops being an HSA.
We recommend keeping all but the funds needed to pay the annual deductible for your health insurance plan invested in your HSA investment account.
There are two ways to make an HSA contribution. You can contribute by mailing a check or you can link an external checking account.
There are many choices for an HSA custodian, but we like to recommend HSA Bank because it allows you to custody funds for investment at TD Ameritrade.
Here are some options for helping your child purchase their first home.
Avoiding PMI, if possible, is better for your long term finances. This 2016 article shares three strategies to avoid it.
There are two ways to run the analysis. One is quick and can be done on the back of a napkin. The other is more detailed, best done in a spreadsheet. In this part one, we will explain the quick math.
The tax penalty for failing to take an RMD is steep at 50% of the amount you fail to take, so it is essential that you make the effort to take your RMD, even when having illiquid investments creates extra hassle.
In 2015, Congress passed the PATCH Act that included a provision which allowed computer purchases to be a qualified education expense for 529 plans. But what of computer repairs?
While this may seem complex, don’t let it deter you from using a 529 account to the fullest extent possible.
PMI does not provide you, the borrower, any protection.