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Balancing 401(k) and HSA Contributions

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Sep19
If you have the opportunity to contribute to both a 401(k) and a health savings account (HSA), you may wonder how best to take advantage of them. Determining how much to contribute to each type of plan will require some careful thought and strategic planning. Understand the tax benefits A traditional, non-Roth 401(k) allows you to save for retirement on a pre-tax basis, which means the money is deducted from your paycheck before taxes areRead More

Social Security: Shoring Up America’s Safety Net

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Sep12
Ever since a legal secretary named Ida May Fuller received the first Social Security retirement check in 1940, Americans have been counting on Social Security to provide much- needed retirement income. For many older Americans, Social Security is their main source of guaranteed retirement income — income that continues throughout their lifetimes and is indexed for inflation every year (in 2019, the cost-of-living adjustment, or COLA, was 2.8%). Social Security provides more than just retirementRead More

WealthBuilder Portfolios August Performance Data

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Sep05
Our WealthBuilder Portfolio Fact Sheets with August performance data are now available online at  https://wealthbuilderinvesting.com/ WealthBuilder Investing is digital investing and planning based on your unique needs with no account minimums or commissions. Our free financial planning tool lets you sync all your accounts to get a clear view of your money and plan for your financial future. Track spending, set saving goals and view your net worth all in one place! https://mraadvisory.com/free-financial-planning-tool/ You can scheduleRead More

Charitable Giving After Tax Reform

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Aug29
Tax reform changes to the standard deduction and itemized deductions may affect your ability to obtain an income tax benefit from charitable giving. Projecting how you’ll be affected by these changes while there’s still time to take action is important. Income tax benefit of charitable giving If you itemize deductions on your federal income tax return, you can generally deduct your gifts to qualified charities. However, many itemized deductions have been eliminated or restricted, andRead More

5 Retirement Lessons from Today’s Retirees

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Aug22
Each year for its Retirement Confidence Survey, the Employee Benefit Research Institute (EBRI) surveys 1,000 workers and 1,000 retirees to assess how confident they are in their ability to afford a comfortable retirement. Once again, in 2019, retirees expressed stronger confidence than workers: 82% of retirees reported feeling “very” or “somewhat” confident, compared with 67% of workers. A closer look at some of the survey results reveals various lessons today’s workers can learn from currentRead More
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