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Healthcare

Historic HSA Contribution Increase

A health savings account or HSA is an account designated to pay for qualified healthcare expenses. It’s funded with pre-tax money, and contributions grow tax-deferred much like an IRA. As a benefit to their employees many employers also choose to make contributions as well.   Unlike a traditional pre-tax IRA however, distributions may be received […]

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Financial Planning Healthcare Retirement Income Retirement Planning

Medicare Premiums Higher Than Expected?

Are your Medicare premiums higher than you expected? Did you or someone you know receive notice of 2022 premium increases? Did the increase surprise you, and was it far greater than in previous years? 2022 Base Medicare Premiums Increase 14.5% Medicare premiums for Part B jumped from 14.5% from $148.50 per month in 2021 to […]

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Healthcare

What You Need to Know About HSAs

If you had unlimited resources and access to a saving account with the following characteristics how much money would you attempt to save in an account that: You can contribute money on a pre-tax basis Then grow your contributions tax-deferred And finally, access the contributions and tax-deferred growth free from income tax? What kind of […]

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Healthcare Retirement Income Retirement Planning Taxes in Retirement Triplett-Westendorf Financial Group

Retirement In Sight August 2020

Monthly News and Information for Current and Future Retirees Presented by Mark Triplett – AUGUST 2020 QUOTE OF THE MONTH “Not everything that is faced can be changed, but nothing can be changed until it is faced.” JAMES BALDWIN FIGURING OUT WHEN TO START YOUR SECOND ACT Many Gen Xers and baby boomers look forward […]

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Healthcare Retirement Planning Triplett-Westendorf Financial Group

Don’t Forget Your Healthcare

Imagine you’re planning a once in a lifetime Hawaiian vacation. You’ve established a set budget of $8,000 for arranged accommodations, meals, excursions, and a rental car when you arrive. You’re feeling confident that you have planned well, and have wisely allocated nearly your entire budget for this vacation. You even splurged on a new wardrobe […]

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Healthcare

Coronavirus Aide, Relief, and Economic Security (CARES) Act

Congress rushed through legislation and it was signed by the president. The cares act is the largest stimulus bill ever passed, and intended to help American families and American businesses. For the purposes of this article we’re going to focus on a few of the provisions that are likely to impact the majority of our […]

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401(k) Healthcare

Getting There and Back

Recently I was listening to an audio file of one of my mentors Jim Rohn. If you don’t know who Jim Rohn is, he’s worth getting to know, but only after you finish this article. His legacy still lives on through recordings on YouTube or curated materials that may be purchased through Success Magazine. Even […]