The financial services industry has done another great job of confusing a couple of great financial resources available to many people. I am going to break down the differences between FSAs (Flexible Spending Accounts) and HSAs (Health Savings Accounts).
I often get asked if there are taxes in retirement. The short answer is there will be taxes in retirement for most people. I wanted to take some time and highlight some of the key issues retirees deal with when it comes to retirement taxes.
Donor Advised Funds are becoming more popular. I expect this continue even with the recent changes in the tax laws. They are a great way to combine the best of tax and charitable planning for many clients.
The bucket strategy for retirement income has been around for quite some time. My client's enjoy this approach as it is easy to understand and beneficial when the market sees a lot of volatility. In the article I dig a bit deeper into how this strategy works.
Required Minimum Distributions are something every retiree has to be aware of. The rules can be complex, but not so complex you cannot figure them out on your own. Let's review the basics of RMDs.
Health Savings Accounts are a secret weapon in retirement, especially when it comes to the ever increasing cost of retirement healthcare.