Podcasts about HSA

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Best podcasts about HSA

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Latest podcast episodes about HSA

Business By The Numbers
End of Year Tax Tips

Business By The Numbers

Play Episode Listen Later Dec 1, 2022 39:24


End of Year Tax Tips. This week, Hunt talks about how to make sure you are prepared for the end of year and taxes. • What do I need to be doing with my retirement and how can I make sure I maximize?• When is the deadline to make HSA and Traditional IRA contributions for this year?• What do I need to be verifying on my business financials and how does that effect me for taxes?• What do you need to do to make sure you can close the year on time and get a jump on taxes?The Show is sponsored by:Shop-Ware on the web at getshopware.comNAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.comHunt Demarest, CPAPaar Melis and Associates – Accountants Specializing in Automotive RepairVisit us Online : www.paarmelis.comEmail Hunt: podcast@paarmelis.comGet a copy of my Book : Download Here

Remarkable Results Radio Podcast
End of Year Tax Tips - Business By The Numbers

Remarkable Results Radio Podcast

Play Episode Listen Later Dec 1, 2022 39:24


End of Year Tax Tips. This week, Hunt talks about how to make sure you are prepared for the end of year and taxes. • What do I need to be doing with my retirement and how can I make sure I maximize?• When is the deadline to make HSA and Traditional IRA contributions for this year?• What do I need to be verifying on my business financials and how does that effect me for taxes?• What do you need to do to make sure you can close the year on time and get a jump on taxes?The Show is sponsored by:Shop-Ware on the web at getshopware.comNAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.comHunt Demarest, CPAPaar Melis and Associates – Accountants Specializing in Automotive RepairVisit us Online : www.paarmelis.comEmail Hunt: podcast@paarmelis.comGet a copy of my Book : Download Here

The Money with Katie Show
How To Prioritize Where You're Investing (And Why!)

The Money with Katie Show

Play Episode Listen Later Nov 30, 2022 42:21


Finally defeated your high-interest debt and got your cash flow under control? This week's episode is for you, baby!  If the 401(k) vs. IRA vs. HSA vs. everything else conundrum has you frozen with indecision, look no further than this week's podcast episode for a framework that'll help clarify these types of decisions so you can move forward with confidence in the new year.  Even if you feel like you've got a relatively good grip on your investment strategy, this refresher may help you consider things in a new (and more lucrative!) way. Learn more about our sponsor, Vin Social: http://vinsocialvip.com/. Transcripts can be found at https://www.podpage.com/money-with-katie-show/. — Mentioned in the Episode The Traditional 401(k) vs. Roth 401(k) Debate: https://moneywithkatie.com/blog/the-final-traditional-vs-roth-debate-traditional-wins Roth IRA Conversion Ladder Discussed in Episode 36: https://www.podpage.com/money-with-katie-show/deep-dive-set-yourself-up-to-pay-no-penalties-or-taxes-in-early-retirement/ The Math Behind Early Retirement: https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ Research on the Human Psychology Behind Loss Aversion: https://www.verywellmind.com/negative-bias-4589618 2021-2022 Roth IRA Contribution Limits: https://www.schwab.com/ira/roth-ira/contribution-limits#:~:text=If%20you%20file%20taxes%20as,214%2C000%20for%20the%20tax%20year Demographic Survey on HSAs: https://www.benefitspro.com/2021/08/20/hsas-in-the-usa-5-states-where-theyre-used-the-most-5-the-least/?slreturn=20221029084558#:~:text=As%20of%20December%2031%2C%202020,the%20end%20of%20the%20year. — Follow Along at Money with Katie: https://moneywithkatie.com/ Follow Money with Katie! - Instagram: https://www.instagram.com/moneywithkatie/ - Twitter: https://twitter.com/moneywithkatie   Subscribe to Morning Brew - Sign up for free today: https://bit.ly/morningbrewyt Follow The Brew! - Instagram: https://www.instagram.com/morningbrew/ - Twitter: https://twitter.com/MorningBrew - TikTok: https://www.tiktok.com/@morningbrew

Money Meets Medicine
Should I use my HSA or FSA?

Money Meets Medicine

Play Episode Listen Later Nov 30, 2022 35:11


As we head into the final months of the year, which is typically the time of year for open enrollment for benefits, lots of benefit questions inevitably arise - particularly in regards to spending accounts like HSA vs FSA.  What's the difference between an HSA and a FSA?  What are the potential benefits of using these accounts? Which type should you use - or should you use both?  We're tackling these questions and more for physicians who want to make sense of their employee benefits in order to better understand their impact.   Looking to increase your financial literacy?  Check out Medical Degree Financial University → thephysicianphilosopher.com/MDFU

Anderson Business Advisors Podcast
How To Reduce W-2 Taxes By Owning Rental Property

Anderson Business Advisors Podcast

Play Episode Listen Later Nov 29, 2022 60:59


Today's Tax Tuesday episode answers several listener questions on HSAs, S-Corps vs. LLCs, and reducing your taxes with rental properties. Eliot Thomas hosts, along with Jeff Webb, CFO of Anderson Business Advisors.  Online we have Dana, Dutch, Piao, and Troy - all kinds of resources there to help answer some of your questions. In this episode, you'll hear our advice on the tax benefits gained from being an LLC, S-Corp or C-Corp, and we'll answer a couple questions concerning HSAs - their contribution limits and investing with that HSA money. There are also some questions answered about home offices, ITIN numbers, bitcoin and of course a little bit about short and long-term rental properties and their tax implications. Submit your tax question to taxtuesday@andersonadvisors. Highlights/Topics: "Can you please explain the difference between an LLC, a C-corp, and an S-corp? Can an LLC also be a C- or an S-corp? I understand that C-corps and S-corps are tax elections, but are they also a type of entity?" –LLC is a legal entity, it is not a tax entity. If you want anything else like an S-corporation or C-corporation, you actually have to tell the IRS that, make an election. "Are the limits for contributions a monthly or annual amount? On irs.gov, the limit as listed is $3200 for single and $7200 for family." - the contribution limits are annual amounts. "My accountant thinks I should switch from an S-corp to a Schedule C," that's a sole proprietorship on the 1040, "because my profits are below $80,000–$90,000, and the S-corp is expensive, and I'm just one person, so I do not want to grow any bigger, and I'm happy with the sales. My question is, what is best for me, not the company? What happens if I switch? What is better for retirement and social security as I am 56 years old?" - You are going to pay for a tax return to the S-corporation that you wouldn't have to pay for extra on Schedule C. There's some work to do to put that Schedule C together. Your 1040 may get a little more expensive. If you have a health insurance plan for yourself that you're paying for, that should be paid for by the S-corporation. It will save you a good deal of money. "Can you convert a personal vehicle into a business vehicle if you only use it for business? What if you only own one vehicle? Can you deduct mileage, gas, or anything else?" - You can do that, but you have to actually contribute the vehicle to the business. Because what we don't want is any personal use of this vehicle. The solution is to track your mileage. If you are one who drives a lot, the more you drive, the more mileage, the better this comes out - keeping it in your name as a personal vehicle. "Can I reduce my W-2 taxes for my job by owning rental property?" – If you are materially participating in your short-term rental—it's not really a rental to trade or business—yes, the losses from that could reduce your W-2 income. It's plausible, but you're going to have to be within these parameters, short-term rental, or long-term rental and meet the criteria for it. "I have a C-corp staffing business. Since Covid, I've been using my home office. The home is in mine and my son's name. How can I count for the space used as an office for a tax deduction? “What is your advice for a small business owner on employing people who only have their ITIN number pending the social security number?" -Basically, you're not allowed to have people with an ITIN as employees. They have to have a social security number and be registered in the US to be here. "Can you discuss the step-by-step process of completing a 1031 exchange? - The forward 1031 makes more sense, because keep in mind, you cannot touch the cash. You also need a Qualified Intermediary. Determine if you want to do a forward 1031, a regular 1031, or do you want to do a reverse? "I have a question regarding investing with my HSA. Does an HSA function like a Roth IRA in terms of paying UBITs (unrelated business income tax)? In other words, if I invest my HSA in crowdfunding or syndication, for example, will I have to pay UBIT?" - You need to be very careful with the investments that you're going into. To your question, yes, it's subject to your HSA, it's subject to UBIT. If you invest in a real estate syndication, those typically run for four to five years. That money's going to be locked up in a hard asset that you can't get to. "Can I write off a loss selling my bitcoin with a $10,000 loss? I bought it at $26,000 and bought it right back at $16,000." - It's not allowed for you to recognize a loss on that. You've got to wait 30 days. "My understanding from a tax perspective, an LLC taxed as a C-corp and a traditional C-corp receive the same benefits such as medical reimbursement, administrative office, retirement plan, et cetera. (1) Can you explain the positions of the LLC taxed as a C-corp? Do I still need a president, vice-president, treasurer, secretary, or just member managed? - Those positions are usually required by state law. It has nothing to do with how they're taxed. It has to do with how they're formed. (2) Why would anybody form an LLC taxed as a C-corp over a regular C-corp? If there is no plan to take it public, why choose one over the other? Cost to maintain, paperwork required, et cetera?" - Yeah, easier form, less criteria behind it, a C-corp is required to have certain meetings, et cetera. You don't necessarily have that with the LLC. "Is it best to start an Airbnb business now or wait until the beginning of the next year for tax purposes? What do you think the best options are?" – You don't need to do cost segregation. It's not going to help you, unless you're renting this property out for a lot of money, like it's a beachfront property and a primary or something like that, and you're getting $10,000 a week for it. I would conserve it or save that cost seg for potentially 2023. Check out our events coming up later this month. Resources: Email us at Tax Tuesday taxtuesday@andersonadvisors.com Tax and Asset Protection Events https://andersonadvisors.com/real-estate-asset-protection-workshop-training/ Anderson Advisors https://andersonadvisors.com/ Anderson Advisors on YouTube https://www.youtube.com/channel/UCaL-wApuVYi2Va5dWzyTYVw

Liz Gets Loaded
#3.4 Six things you didn't know about your HSA (Health Savings Account)

Liz Gets Loaded

Play Episode Listen Later Nov 28, 2022 12:29


I love, love, love my HSA and I just wish everyone knew about all these neat tricks to make the most of the account.  -- If you liked this episode, share it with a friend! And if you really liked it, you can buy me a coffee. --- Send in a voice message: https://anchor.fm/lizgetsloaded/message

One Minute Retirement Tip with Ashley
Your Health Savings Account Gets A Boost For 2023

One Minute Retirement Tip with Ashley

Play Episode Listen Later Nov 26, 2022 4:11


The theme this week on the Retirement Quick Tips Podcast is: New Retirement Plan Limits For 2023 Today, I'm talking about one of the most underutilized and overlooked retirement accounts that's getting a boost for 2023 - the health savings account.  I've talked about this before on the podcast, but the HSA, if you have access to one, should be one of your top priorities when it comes to deciding how and where to invest for retirement. More on that in a minute, but first, let me explain what's changing for 2023: The annual inflation-adjusted limit on HSA contributions for self-only coverage will be $3,850, up from $3,650 in 2022. The HSA contribution limit for family coverage will be $7,750, up from $7,300. The adjustments represent approximately a 5.5 percent increase over 2022 contribution limits. Ok, now back to why you want to fund this account in the first place. First of all, eligibility for contributing to a HSA is dependent on the type of health insurance you have. You'll need to be in a High Deductible Health Plan (HDHP) in order to fund a HSA.  Once you meet that requirement, you can't beat the triple tax benefits of the HSA [explain & talk about why you can and should invest for retirement]… That's it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast.   ---------- >>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs >>> Visit the podcast page: https://truenorthra.com/podcast/  ---------- Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

Suze Orman's Women and Money
Ask Suze & KT Anything: A Smart, Strong and Secure Thanksgiving

Suze Orman's Women and Money

Play Episode Listen Later Nov 24, 2022 41:54 Transcription Available


On this Thanksgiving episode of Ask Suze & KT Anything, Suze answers questions about financing a car, what happens after you pay off your mortgage, rolling over a pension, investing in an HSA and more. Listen for details about how you can win $10,000, plus an announcement about a special offer just for you! Take advantage of the Ultimate Opportunity Savings Account with Alliant Credit Union at: https://bit.ly/3vEUTZW Get Suze's special offers for podcast listeners at suzeorman.com/offer Join Suze's Women & Money Community for FREE and ASK SUZE your questions which may just end up on her podcast! To ask Suze a question, download by following one of these links: CLICK HERE FOR APPLE: https://apple.co/2KcAHbH CLICK HERE FOR GOOGLE PLAY: https://bit.ly/3curfMISee omnystudio.com/listener for privacy information.

Revamping Retirement
HSAs for Employers with Alegeus

Revamping Retirement

Play Episode Listen Later Nov 21, 2022 36:24


On this month's Revamping Retirement, Scott Matheson and Jennifer Doss are joined by Lindsay Barnard, senior product manager at Alegeus, to discuss trends in today's Health Savings Account (HSA) industry.   The health savings account (HSA) has only been around since 2003, thanks to an amendment to the Medicare Prescription Drug, Improvement, and Modernization Act. Despite the short time on the market, these accounts can make a huge impact on a participant's retirement financial planning. In this episode of Revamping Retirement, Lindsay shares the industry trends she sees regarding HSAs for participants from her vantage point as senior product manager at Alegeus, which provides innovative software to health plan providers for programs like HSAs, flexible spending accounts (FSAs), continuation of health coverage (COBRA), and other wellness incentives. Lindsay, Scott, and Jennifer dive into questions on topics like employer HSA contributions, utilizing a spouse's HSA, and targeting amounts for healthcare needs in retirement.  Later in Minute with Mike, Mike Webb breaks down the Form 5500 filing process for plan sponsors.    Mentioned in the Podcast    How HSAs Can Help Participants Tackle Retirement Healthcare Costs (Webinar Recording)  Alegeus | SaaS-based benefit funding and payment solutions   

The Dave Ramsey Show
My Relative Keeps Asking Me for Money… What Should I Do? (Hour 2)

The Dave Ramsey Show

Play Episode Listen Later Nov 18, 2022 45:16


Ken Coleman & George Kamel discuss: What to do when relatives ask for money, How to be saving for a house, What to do after paying off your house, 10 in 10 - Ken and George answer 10 questions in 10 minutes from Instagram: Saving up for college, Standing out as a freelancer, What crypto to invest in, Career advice for those retiring from the military, Where to start with budgeting, Tips for getting a raise at the annual review, Is the HSA part of the 15%? Starting a second career after retiring, Advice for newlyweds, Pumpkin pie vs. pecan pie, The relevancy of LinkedIn, What's a good emergency fund amount? Staying at a job you hate. Where to tithe if not plugged into a church. Support Our Sponsor: PODS Moving & Storage Zander Insurance Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

The Dave Ramsey Show
How Can I Be Investing Right Now? (Hour 3)

The Dave Ramsey Show

Play Episode Listen Later Nov 18, 2022 45:14


Ken Coleman & George Kamel discuss: When to stick with a high-deductible health insurance plan for the HSA benefits, Investing while in college, Buying a house before paying off debt. Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Evoke Greatness Podcast
Nancy Rizzuto: Co-Founder of CAP STRAT, Accomplished Entrepreneur, Speaker, Philanthropist, Mentor and Faith Filled Action Leader

Evoke Greatness Podcast

Play Episode Listen Later Nov 17, 2022 60:51


I had a blast recording this episode with Nancy. She is full of wisdom and insight and loves to share what she has learned with others. She is a fellow CHIEF and is equally as passionate about the advancement of women in leadership. In this episode she shares:·       How growing up in a male dominated environment paved the way for her to break barriers and become the dynamic woman she is today.·       Some of the biggest lessons she learned in her career and how that taught her to take risks.·       What compelled her to pivot into co-founding CAP STRAT.·       The story behind how 2 women refused to mentor her in her early career in Wallstreet, a time when women saw each other as competition and kept their elbows out, became part of the catalyst for her starting the Women's Forum.·       How she and her team started something called “The Culture Club” 4.5 years ago and how it has deeply impacted their people.·       Why money is power and why more women need it.·       Some financial tips and takeaways for women around: equity payouts, investment, 401K, HSA, estate planning and ALWAYS having an emergency fund.·       What the best advice she was given by her parents growing up. Make sure to connect with Nancy on LinkedIn and check out Cap Strat and their Women's Forum. All links below. https://capstratwomensforum.com/https://www.capstratig.com/https://www.linkedin.com/in/nancyrizzuto/Advertisement:Support for this episode is brought to you by MANSCAPED, the best in personal grooming. Just in time for the holidays, MANSCAPED is offering "The Performance Package", a gift that is packed with goodies.  Get 20% OFF @manscaped + Free Shipping with promo code SONNIE20 at MANSCAPED.com! #ad #manscapedpodhttps://www.manscaped.com/A rising tide raises all ships, and I invite you along in this journey to Evoke Greatness!Check out my website: www.evokegreatness.comFollow me on: https://www.linkedin.com/in/sonnie-linebarger-899b9a52/ https://www.instagram.com/evoke.greatness/

Physician Family Financial Advisors Podcast
Three New Tax Mistakes Doctors Will Make in 2023

Physician Family Financial Advisors Podcast

Play Episode Listen Later Nov 16, 2022 16:23


There are three new tax changes happening for 2023. Although they may seem insignificant, the changes can have big impacts for financial security down the road. Tune in to learn what you as a physician need to know about these changes and how to adjust your IRA, 401K, and HSA accounts accordingly. These small adjustments are a necessity and could put money in your pocket.   GET OUR NEWSLETTER   To catch all the great stuff we didn't mention in today's show, subscribe to our newsletter at https://www.physicianfamily.com/.   IN THIS EPISODE   [1:25] What is happening with backdoor Roths or IRAs? [3:23] How has the limit for a 401K changed? [9:32] How can a physician underfund the HSA accounts? [11:58] What is the difference between HSA vs. FSA? [13:53] How do these investments create financial security?    LINKS MENTIONED   Email podcast@physicianfamily.com to get the FREE Overtaxed Doctors Guide to Retirement 2022 Edition Guide. Email now to get yours because next year it will no longer be free!   NOTICE   Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Ridgewood Talks
Interview with Ridgewood Federated Home and School Associate President Mary Micale

Ridgewood Talks

Play Episode Listen Later Nov 14, 2022 36:24


Ridgewood Talks 2022 - Episode 04 Mary Micale, Ridgewood Federated Home and School Association President, explains the role of the HSA and talks to us about how and why to become involved at your local school campus.

Millionaires Unveiled
268: Net Worth of $1.35M - Six figures in debt to millionaire in 5 years

Millionaires Unveiled

Play Episode Listen Later Nov 14, 2022 41:25


Jennifer has a net worth of $1.35M. She has 800k in 401ks, 250k of that in Roth, a brokerage account around 230k, 30k in HSA, a little over 100k in cash. She is 38, married with no kids and lives in the Northeast. She works in HR and has lived all over the country and all over of the world.  

Anesthesia Success
E171 Using Your HSA To Accelerate Financial Independence

Anesthesia Success

Play Episode Listen Later Nov 14, 2022 14:20


Get CME Here: https://earnc.me/iEq4Mv  You may be aware that health savings accounts (HSAs) are a great way to cover healthcare costs with pre-tax money. However, this tax-efficient savings account can also be used as a very important tool for financial independence. So, how can HSAs help you as you save for retirement? In this episode, I will be breaking down how HSAs work, what the best utilization of an HSA is and who should  be considering taking advantage of this little-known tool. Learn more: https://apmsuccess.com/171                Watch the video: https://apmsuccess.com/171v   

The Physician's Guide To Financial Wellness
Year-End Financial Planning Checklist, Episode #55

The Physician's Guide To Financial Wellness

Play Episode Listen Later Nov 10, 2022 29:18


In this episode, we share our checklist of financial planning items we've found helpful to address (or revisit) as you approach the end of the year when managing your finances and looking to optimize the many moving parts. While it's not an exhaustive list, we cover things such as confirming employer retirement account contributions, making backdoor Roth IRA contributions, confirming 529 plan contributions, checking FSA balances and HSA contributions, reviewing your investments, reviewing your charitable giving, and revisiting your overall goals and life situation. Our aim with this episode is to provide some helpful food for thought as we approach the end of the year.  Resources & People Mentioned Podcast episode #19: The “Other 20%” of Successful Investing   Podcast episode #23: 5 Strategies for Tax-Efficient Charitable Giving Download our guide: The Toolkit for Optimizing Your Finances as an Employed Physician Download our guide: The Financial Checkup Connect With Trent and Andrew https://mdwmllc.com  Follow on LinkedIn Follow on Facebook Subscribe to The Physician's Guide To Financial Wellness on Apple Podcast, Spotify, and Google Podcast

Your Life, Simplified
YLS: Health Savings Accounts

Your Life, Simplified

Play Episode Listen Later Nov 10, 2022 14:20


In this week's episode of Your Life Simplified, Mike MacKelvie wealth advisor, and special guest Kevin Ahern, Human Resources Manager, discuss Health Savings Accounts and the 5 benefits of having one.   0:00: Intro 01:30 Benefit #1 – Triple Tax Saving 02:04 Benefit #2 – Portability 03:53 Benefit #3 – Medicare Premiums 05:35 Benefit #4 – Investment Control 06:17 Benefit #5 – Tax-free Withdrawals after the age of 65 12:29 Outro & Disclosures     

Wealth Over Now Money Files
46 | Why Reviewing Your Finances During Open Enrollment Season Will Set You Up for Financial Success Next Year

Wealth Over Now Money Files

Play Episode Listen Later Nov 8, 2022 29:22


It's that time of year again: open enrollment season, a time of year that people largely forget about. Maybe you just picked the first health plan you saw when you started a new job, without considering your individual health needs, or you set up the 401k contributions based only on your employer's match program. If you've never reviewed your plans or contributions since then, you're probably leaving money on the table – money that could be getting you closer to your financial goals. Reevaluating your flexible spending, retirement, and health plans each year and making adjustments as your needs change will help you align your contributions with your long-term financial plans. In today's episode, I'm talking about why you need to take advantage of the end-of-year open enrollment season, by reviewing your health coverage, asking questions, using trial and error, and planning out your contributions. I'll also walk you through the different types of programs that might be available to you and how they can work together so you can make sure that your money and your benefits are in alignment with your financial goals. In this episode, you'll learn… [01:22] Why you need to reevaluate your plans and contributions during open enrollment season and ways to ensure that the coverage you have aligns with your health needs [08:21] How paying attention to your bills and asking questions about your coverage can help you save money [14:07] The importance of finding out if your FSA money rolls over to the next year and monitoring how much you spend so you know how much to contribute [17:12] What's different about an HSA and how to determine which plan makes the most sense for you [20:46] Why asking more questions before getting a procedure can benefit your health and your finances [21:29] How planning regular increases in your 401k contributions will benefit your long-term financial health Tune in to this episode of Money Files for tips on how to approach open enrollment season and making the most of your benefit plans and financial contributions. Get full show notes and the episode transcript: https://wealthovernow.com/why-reviewing-your-finances-during-open-enrollment-season-will-set-you-up-for-financial-success-next-year

The Motherhood & Money Show
Marissa Lyda's Second Birth Story!

The Motherhood & Money Show

Play Episode Listen Later Nov 8, 2022 72:26


She is back! Going Bethany for the second week in a row, Marissa Lyda shares the birth story of her second son, Jack. Before Marissa dives in to the full birth story, Bethany and Marissa catch up. Marissa fills Bethany in on the major events that have happened in the last week including her husband being laid off from his job (and why she is grateful for their emergency fund). They also discuss how much Bethany's recent dental work will cost (and why SHE is grateful for the HSA). 

Finding True Wealth Podcast with Nick Hopwood, CFP
EP 151: Evaluating Life Insurance Coverage

Finding True Wealth Podcast with Nick Hopwood, CFP

Play Episode Listen Later Nov 7, 2022 5:56


'Tis the season for open enrollment - From health and life insurance to HSA's, it is a good time to evaluate what your current coverage plan is - to see if it is in need of tweaking. In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management talk about what you need to consider when selecting these plans.  — Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire With Peace of Mind.

Plan Today Own Tomorrow with Garry Thurman and Tyde McIntosh

On this week's edition we discuss that first year of retirement. What you need to prepare for as you begin your retirement. We also get into navigating retirement if you are a Gen X-ers. The year is ending and we have money moves to make before 2023. If you have any questions about your retirement call Guardian Investment Advisors 800-517-1575. Retirement, Finance, Taxes, 401K, HSA, Stocks, Bonds,See omnystudio.com/listener for privacy information.

The Dave Ramsey Show
Financial Responsibility Doesn't Have To Be Complicated (Hour 1)

The Dave Ramsey Show

Play Episode Listen Later Nov 4, 2022 45:16


Rachel Cruze & George Kamel discuss: How to decide between using an HSA vs. a FSA during open enrollment, How to prepare for large medical bills while tackling debt, How to communicate your financial reality with family during the holidays, The best way to manage buying and selling homes when moving cross country, The crippling impact of Buy Now, Pay Later companies, How to prepare for college and determine if you can make a living wage in a field you love, Why paying off student loans quickly is the fastest way to get ahead with your finances, Why you should lever pull from retirement savings to pay off debt. Support Our Sponsor: Gazelle Debit Card PODS Moving & Storage Splash Financial Gazelle – Terms & Conditions Apply. Visit www.ramseysolutions.com/gazelle for more information. Established by Pathward, N.A., Member FDIC. Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Your Life, Simplified
Getting the Most Out of Open Enrollment

Your Life, Simplified

Play Episode Listen Later Nov 3, 2022 29:15


In this week's episode of Your Life Simplified, Mike MacKelvie wealth advisor, and special guest Kevin Ahern, Human Resources Manager, discuss how to get the most out of your open enrollment.

For What It's Worth
Encore careers, young dependents and tricky Medicare choices

For What It's Worth

Play Episode Listen Later Nov 1, 2022 13:57


What Medicare decisions have to be made if you retire early? Continue working beyond age 65? Care for young children? Contribute to an HSA? Tim Brady, Raymond James private wealth consultant, walks through important considerations. [Recorded 10/11/22]

Your Financial Pharmacist
Ask a YFP CFP® #138: How does the investment feature on my HSA account work?

Your Financial Pharmacist

Play Episode Listen Later Oct 31, 2022 9:36


Welcome to Ask a YFP CFP®, a segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, RLP® takes this question from a member of the YFP Facebook Group: How does the investment feature on my HSA account work? Mentioned on the Show: YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning Join the Your Financial Pharmacist Facebook Group YFP 165: The Power of a Health Savings Account Why I'm Not Using My Health Savings Account to Pay for Medical Expenses Send in your questions here or to info@yourfinancialpharmacist.com Your Financial Pharmacist Disclaimer and Disclosures Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.

AdMail
Converting an HSA, Buying into an S Corp with an IRA, and more | Client Q&A

AdMail

Play Episode Listen Later Oct 27, 2022 9:11


In this week's episode, IRA Financial's Adam Bergman Esq. answers questions about Solo 401(k) contribution rules, converting an HSA to Roth, and using an IRA to buy into an S corp.

The Clark Howard Podcast
10.27.22 Car Buying Forecast And An Alternative / Back to Basics - HSA vs. FSA

The Clark Howard Podcast

Play Episode Listen Later Oct 27, 2022 35:24


The car market is gradually healing but we're not there yet. Clark gives a timeline on availability, affordability, and a potential alternative to buying now if you need wheels right away. And - Back To Basics - Open Enrollment decisions are upon us.  Clark clears confusion surrounding Health Savings Accounts or HSAs which can offer long term financial security -  and the difference between an HSA and an FSA.  Vehicle Purchase Alternative: Segment 1 Ask Clark: Segment 2 HSA vs. FSA: Segment 3 Ask Clark: Segment 4 Mentioned on the show: SIXT+  Your Car Subscription Barrons.com: Car Inventories Are Growing. Don't Expect Any Discount—Yet. Should You Buy an Extended Warranty on Your Car? HSA Contribution Limits and Other Requirements for 2022 and 2023 Clark.com: What Is an HSA Account and How Does It Work? What Is a Flexible Spending Account? Wills & Funerals Archives - Clark Howard Pirate Ship Review: Pros & Cons of This Cheap Shipping Service Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Small Business Tax Savings Podcast | JETRO
What Health Related Tax Strategies Should I Consider for 2022?

Small Business Tax Savings Podcast | JETRO

Play Episode Listen Later Oct 26, 2022 14:50


Health care matters not just for you but also for your business. In this episode, we examine how employers can set up medical plans based on their business structure and what strategies to apply to save on taxes.[01:28] Self-Employed Health Insurance DeductionIf you're self-employed, you will always get a business deduction for the health insurance costs that you incurFor Sole Proprietorship or Single Member LLC: deduct self-employed health insurance premiums on Schedule 1 of your personal tax return (1040)For S Corporation Owner: Have the S Corp pay for the insuranceAdd it to your W2 payroll as S Corp owner self-employed health insurance. Your payroll provider should know how to handle this.Deduct on your personal tax return (Schedule 1) If you are providing health insurance for non-owner employees, include those on their W2, in Box 12 with code DD[04:21] Options Available to Business Owners With High Medical CostsYou can utilize a Section 105 plan to turn personal medical expenses into a business deduction and be able to reimburse employees for medical costs incurred[06:16] Options are Available for Small Businesses With EmployeesSome options are: group health insurance, increased wages, HRA or QSEHRAFor small businesses with less than 50 full-time  employees that don't offer a group health insurance policy:With a QSEHRA, employers reimburse employees tax-free for medical expensesYou can offer yearly allowances of up to $5,450 for single employees and $11,050 for employees with a family[10:27] What Is An HSA and How Do They Work?If you contribute to an HSA, withdrawals are tax-free when used for qualified medical expenses and interest or earnings are NOT taxed The maximum you can contribute to an HSA for 2022 is $3,650 for self-only or $7,300 for familiesAn HSA is a great savings vehicle because there is no tax on the interest or gains earned within it[13:00] Final ThoughtsStart thinking about these health insurance options and be on top of tax planningKey Quotes“Taking care of your health is so important, and oftentimes as a busy professional, that's something that gets put to the side. And so there's also tax planning that comes into play when we talk about various aspects of health.” - Mike Jesowshek“I was afraid to bring employees simply because of this little piece of medical. I was afraid would cost too much. But there are options out there.” - Mike JesowshekResources MentionedBlog Posts:https://www.taxsavingspodcast.com/blog/what-health-related-tax-strategies-should-i-consider-for-2022 https://www.taxsavingspodcast.com/blog/how-does-the-deduction-for-self-employed-health-insurance-work --------Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/taxIncSight Packages: https://incsight.net/pricing/Book an Initial Consultation: https://app.simplymeet.me/o/incsight/sale-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook Group: https://www.facebook.com/groups/taxsavings/--------To find out more on this topic and many others visit our website at www.TaxSavingsPodcast.com. You can also give us a call at 844-327-9272 or send your questions to us at: Ask@TaxSavingsPodcast.com

Build Your Wealth Muscle
Episode 56: HEALTH INSURANCE & HSAs for FitPros

Build Your Wealth Muscle

Play Episode Listen Later Oct 26, 2022 49:46


Health insurance is a vital part of financial planning for fitness professionals. A Health Savings Account (HSA) can help cover out-of-pocket costs and save on taxes. This episode will explore the best health insurance options and how to make the most of an HSA for fitness professionals. Tune in to know more! Episode Highlights: When you can get a new health insurance plan A myth about NOT being allowed to get insurance AFTER open enrollment How to get cheap insurance Benefits of Health Savings Account Map How Your Money Flows: Map My Money Save Taxes in your business: Free Consultation Follow me: https://www.instagram.com/thepatdarby Weekly Tax Tips & Deadline Reminders: Get Tax Reminders FitPro Business Survey: Take 5-Min Benchmark Survey

Jill on Money with Jill Schlesinger
HSA Boot Camp Part Two

Jill on Money with Jill Schlesinger

Play Episode Listen Later Oct 23, 2022 10:54 Very Popular


Open enrollment season is here, and to coincide with the kickoff, Morningstar is out with its annual study on health savings accounts (HSAs) available to individuals. Joining us this weekend to discuss the power of the HSA is Tom Nations, lead author of the study and associate director of manager research at Morningstar.  Have a money question? Email us, ask jill [at] jill on money dot com. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Jill on Money with Jill Schlesinger
HSA Boot Camp Part One

Jill on Money with Jill Schlesinger

Play Episode Listen Later Oct 22, 2022 13:04 Very Popular


Open enrollment season is here, and to coincide with the kickoff, Morningstar is out with its annual study on health savings accounts (HSAs) available to individuals. Joining us this weekend to discuss the power of the HSA is Tom Nations, lead author of the study and associate director of manager research at Morningstar.  Have a money question? Email us, ask jill [at] jill on money dot com. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

The Dave Ramsey Show
Credit Card Marketing is Insidious (Hour 1)

The Dave Ramsey Show

Play Episode Listen Later Oct 19, 2022 45:42 Very Popular


George Kamel & Ken Coleman discuss: Settling with a credit card company, Why credit card marketing is so insidious, Should I pay off a "same as cash" debt before Baby Step 1? How to best utilize an HSA. Support Our Sponsor: Splash Financial Churchill Mortgage PODS Moving & Storage Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Money Girl's Quick and Dirty Tips for a Richer Life
How to Maximize Your Health Savings Account (HSA) Benefits

Money Girl's Quick and Dirty Tips for a Richer Life

Play Episode Listen Later Oct 19, 2022 27:52


Laura answers a listener question about knowing whether buying HSA-qualified health insurance can pay off. Find out what makes a plan eligible and wise strategies for maximizing an HSA.Money Girl is hosted by Laura Adams. A transcript is available at Simplecast.Have a money question? Send an email to money@quickanddirtytips.com or leave a voicemail at 302-365-0308.Find Money Girl on Facebook and Twitter, or subscribe to the newsletter for more personal finance tips.Money Girl is a part of Quick and Dirty Tips.Links:https://www.quickanddirtytips.com/https://www.quickanddirtytips.com/money-girl-newsletterhttps://www.facebook.com/MoneyGirlQDThttps://twitter.com/LauraAdamshttps://lauradadams.com/

Millennial Money
The Pros and Cons of Health Savings Accounts & How They Actually Work

Millennial Money

Play Episode Listen Later Oct 19, 2022 37:15


In this Shannah Shares episode, I'm covering everything you need to know about Health Savings Accounts, aka HSAs. This episode was inspired by six listeners who all wanted to know if they should have an HSA. Also, there are a lot of questions about what exactly is an HSA, how one works, and how can you use it. I'm covering it all, including a conversation with Rida Wong from hsastore.com.LINKSHsastore.comHealth Savings Account 101SPONSORSThanks to ShipStation for sponsoring the show. Go to ShipStation.com today and sign up with promo code MYMONEY for a FREE 60-day trial.Thanks to Ka'Chava for sponsoring the show. Ka'Chava is offering 10% OFF for a limited time at Kachava.com/mymoney.Thanks to Chime for sponsoring the show. Get started with Chime today. Applying for a free account takes less than 2 minutes. Get started at chime.com/mymoney.Thanks to BetterHelp for sponsoring the show. I want you to start living a happier life today. As a listener, you'll get 10% off your first month at BetterHelp by visiting our sponsor at http://www.betterhelp.com/mymoney. Thanks to Shopify for sponsoring the show. Shopify is more than a store. Connect with your customers. Drive sales. Manage your day-to-day. Go to http://www.shopify.com/mymoney for a FREE fourteen-day trial and get full access to Shopify's entire suite of features.LEAVE US A REVIEWLeave us an honest rating and review, pretty please. Head to the podcast player you're listening to this episode in to leave us a review or you can click here to leave a review for Everyone's Talkin' Money podcast on Apple Podcasts. Love this episode. Share it with a few friends so they can learn these valuable money concepts as well. Be sure to FOLLOW and SUBSCRIBE to never miss an episode!GOT A QUESTION?Have a Shannah Shares question? Submit your question here https://bit.ly/shannahsharesMORE MONEY TIPSFollow Me on Instagram for more money tips and behind-the-scenes information https://www.instagram.com/shannahgameFREE GUIDES + RESOURCESDownload our FREE Top 25 Episode GuideDownload a FREE BONUS podcast episode 5 Minutes to Unlock a New Money MindsetWant to be featured on a Budget Rescue monthly podcast episode? Just head over to this short form and leave me a message. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Real Personal Finance
174 - Is Roth or Traditional Better for FIRE?

Real Personal Finance

Play Episode Listen Later Oct 19, 2022 26:56


Scott and James discuss if Roth or Traditional is better for FIRE (Financial Independence, Retire Early). NEW: We're on YouTube here! Listener Question: I'm wondering if I should change my 401k strategy from traditional to roth?  I'm a 35 year old high earner making around $175k a year plus bonus.  I'm currently maxing my traditional 401k plus a 5% match from my employer.  I need to work another 7 year to hit my FI number ($2.5M) and I have $160k in my traditional 401k right now.  When I run the numbers on compounding interest, I show that I'll have somewhere between and $1.2M - $2M in traditional when I hit 59 1/2 if I just continue getting my match (no more personal contributions).  I feel like if I continue to contribute to traditional 401k, I will have a huge tax bill when I hit 59 1/2 and I'm worried about RMDs.  What should I do?  Do I continue to take the tax deduction now since I'm a high earner or transition to roth to create more tax diversification?  On a side note, I'm already performing a roth ira conversion each year ($6k), maxing my HSA ($7.3k), and contributing to a brokerage account monthly ($1.5k). Planning Points Discussed Utilizing Time Efficiently Capital Appreciation Purchasing Power Other issues (IRAs, Inflation, Financial Goals, etc.) Timestamps: 2:30 - We're on YouTube HERE! 4:35 - Listener Question Summary 8:37 - Tax Basics 13:47 - 401(k) Maximum 18:20 - Optimize Income & Savings 21:57 - Savings Rates 24:22 - Personal Capital 26:00 - Aligning Your Financial Goals LET'S CONNECT! James YouTube LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don't miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play.

Get The Most From Your HSA

"The MoneyWise Minute" on Oneplace.com

Play Episode Listen Later Oct 19, 2022 1:00


Today, Rob offers advice on how to get the most out of your HSA. To support this ministry financially, visit: https://www.oneplace.com/donate/1090/29

The Gary Null Show
The Gary Null Show - 10.18.22

The Gary Null Show

Play Episode Listen Later Oct 18, 2022 62:35 Very Popular


Videos: Ralph Schoellhammer: Elites Are Turning Against Their Own Civilization (23:43) Bill Clinton and Blackrock team up to ACCELERATE the great reset | Redacted with Clayton Morris Clare Daly Ireland pimped out like prostitutes for Obama (4:00) Noam Chomsky – The Crimes of U.S. Presidents (11:00) 5.Ukraine Targets Elon Musk, US Aid Dwindles, Ukraine's Offensive Increasingly Depleted (35:00)   Aronia berry supplementation supports gut, arterial health King's College London, October 17 2022. The issue of Clinical Nutrition reported findings from a randomized, double-blind, placebo-controlled trial that uncovered a benefit for supplementation with aronia berry among men and women with prehypertension. “Aronia melanocarpa, or black chokeberry, has gained increased attention for its high content of (poly)phenols, and potential protection against chronic diseases such as cardiovascular disease and diabetes,” authors Melanie Le Sayec of King's College London and colleagues remarked. The trial included 102 participants between the ages of 40 and 70 years who received aronia berry extract capsules that contained 106 milligrams total polyphenols or identical placebo capsules for 12 weeks. Blood pressure, arterial function, gut microbiome composition and other factors were assessed before and after the treatment period. At the end of the study, augmentation index and pulse wave velocity, which measure arterial stiffness, significantly improved among participants who received aronia in comparison with the placebo group. The aronia-supplemented group also had a significant increase in microbiome species richness and abundance of species that produce butyrate, a compound that has a favorable effect in gut health. The researchers observed associations between plasma and urinary aronia-derived polyphenol metabolites, decreased arterial stiffness and various gut flora species. “To our knowledge, this is the first time these species are shown to correlate with beneficial effects on arterial function,” they announced. “The present findings suggest that daily consumption of aronia berry extract led to improvements in arterial function in healthy middle-aged people, with a concomitant and related increase in potentially health-promoting bacterial taxa,” the authors concluded. Zinc enhances albumin's protective role against Parkinson's disease University of Science and Technology, October 17, 2022 Revealing zinc's interaction with a critical transport protein underscores the need to study biological pathways under physiologically relevant conditions. Heavy metals in the body have long been thought to induce the aggregation of disease-linked proteins, but a KAUST study shows this is not always the case. It turns out that zinc ions tune the ability of human serum albumin (HSA), an abundant transport protein in the body, to better prevent α-synuclein from aggregating, a process directly linked to Parkinson's disease. In unrealistically massive quantities, zinc tends to accelerate the aggregation of α-synuclein, a neuronal protein implicated in Parkinson's disease. This is what other scientists had shown in the past. But, under the types of biologically plausible experimental conditions considered by Al-Harthi, the metal actually interacts with HSA to cause the opposite effect. Using a state-of-the-art imaging technique known as proton-less nuclear magnetic resonance spectroscopy, Al-Harthi and colleagues showed that zinc binding alters the chaperone function of HSA, a multifunctional molecule that plays a role in blocking α-synuclein accretion. In particular, zinc ions biased HSA toward stronger interactions with the aggregation-prone fragments of α-synuclein, a change that blunts fibril formation and slows down the toxic process of protein deposition that can lead to neurodegeneration. High exposure to glyphosate in pregnancy could cause lower birth weights in babies Indiana University School of Medicine, October 17, 2022 Indiana University School of Medicine researchers are learning more about the effects of herbicide exposure during pregnancy, finding glyphosate in 99% of the pregnant women they observed in the Midwest. In the study, published recently in Environmental Health, higher glyphosate levels were associated with lower birth weight and may also lead to higher neonatal intensive care unit admission risk. This is the second study the researchers have conducted with significant findings. The team's previous study, published in 2018, was the first study to confirm glyphosate in 93% of pregnancies which found associations with shortened pregnancies. Other recent studies have also confirmed their findings. “Pesticide exposure in pregnancy, especially in early pregnancy, can imprint DNA and alter gene expression,” said Paul Winchester, MD, professor of clinical pediatrics and the study's lead author. Glyphosate is a chemical, commonly found in Roundup, used to kill weeds. It is used by farmers and homeowners across the United States, but especially in the Midwest on corn and soybeans. Previous studies have shown people can be exposed to glyphosate in all the foods they eat, even packaged or organic foods. “As a neonatologist, I'm seeing more and more infants with problems like low birth weight as well as mothers with issues like obesity or gestational diabetes,” Winchester said. “We need to keep studying these herbicides long term to find out how they could be causing these issues and what we can do to prevent them.” Omega-3 supplements linked to younger biological age in older people University of South Australia & University of Newcastle, October 13, 2022 Supplements of omega-3s may slow cellular ageing in older people with mild cognitive impairment, according to results of a pilot randomized clinical trial DHA (docosahexaenoic acid) was associated with reduced shortening of telomeres, DNA sequences at the end of chromosomes that shorten as cells replicate and age, report researchers from Australia in Nutrition . The aging and lifespan of normal, healthy cells are linked to the so-called telomerase shortening mechanism, which limits cells to a fixed number of divisions. During cell replication, the telomeres function by ensuring the cell's chromosomes do not fuse with each other or rearrange, which can lead to cancer. Elizabeth Blackburn, a telomere pioneer at the University of California San Francisco, likened telomeres to the ends of shoelaces, without which the lace would unravel. With each replication the telomeres shorten, and when the telomeres are totally consumed, the cells are destroyed (apoptosis). Previous studies have also reported that telomeres are highly susceptible to oxidative stress. This is not the first time that omega-3s have been linked to reduced telomere shortening, with findings from a study by researchers from the University of California, San Francisco indicating that high blood levels of omega-3 fatty acids may slow cellular ageing in people with coronary heart disease (JAMA, Vol. 303, pp. 250-257). The new study, performed by scientists from the University of South Australia, and the University of Newcastle is an intervention study, albeit on a pilot scale. Results of the study showed that the omega-6 group exhibited the greatest shortening of telomere length, compared to the DHA and EPA groups. Increased levels of DHA in red blood cells was significantly associated with reduced telomere shortening in the DHA group, said O'Callaghan and his co-workers. Reading Is Good for Your Health University of Stavanger (Norway) Oct. 8, 2022 People with poor reading skills are likely to be less healthy than those who read easily, according to recent research. Literacy skills are important for keeping in good shape. A relationship exists between self-perceived health and literacy, and draws on data from the international adult literacy and life skills survey (ALL). Self-perceived health can mean feeling pains, physical condition hampering everyday activities, fatigue, or emotional problems which affect social relationships. “Other research shows that self-perceived health is closely related to actual well-being,” explains Lundetræ. “So adults with low literacy skills, as a group, are likely to be in worse physical shape than those who can read well.” A perception of poor health increases among weak readers with age. It is greatest among those aged 45-65 and lowest in the youngest group, aged 16-24. “So it's natural that the relationship between weak reading skills and the perception of poor health rises with age. That's when you usually feel the effects of an unhealthy lifestyle or failing to look after yourself properly.” “Advice on nutrition, healthy diet and physical activity is increasingly communicated through newspaper and magazine articles and on the internet,” Lundetræ explains. “We receive a great deal of information by reading. It's conceivable that certain people miss out on important health advice because they read poorly and seldom.” How well people understand such written details could be crucial for how good they are at looking after their own health, Lundetræ observes. Health-related text is often complicated. It can contain a lot of technical terms, and is frequently badly written. That makes it difficult to grasp for poor readers. A general improvement in reading skills might accordingly give more people better health and, in the longer terms, have a beneficial effect on the cost of health services. Since a lot of those who are most in need of such knowledge are poor readers, these texts have to be easy to read. They must be written in a language which is not too technical or which uses too many words, and must communicate clearly and simply. Hair straightening chemicals associated with higher uterine cancer risk National Institutes of Health, October 17, 2022 Women who used chemical hair straightening products were at higher risk for uterine cancer compared to women who did not report using these products, according to a new study from the National Institutes of Health. The researchers found no associations with uterine cancer for other hair products that the women reported using, including hair dyes, bleach, highlights, or perms. The study data includes 33,497 U.S. women ages 35-74 participating in the Sister Study, a study led by the National Institute of Environmental Health Sciences (NIEHS), part of NIH, that seeks to identify risk factors for breast cancer and other health conditions. The women were followed for almost 11 years and during that time 378 uterine cancer cases were diagnosed. The researchers found that women who reported frequent use of hair straightening products, defined as more than four times in the previous year, were more than twice as likely to go on to develop uterine cancer compared to those who did not use the products. “We estimated that 1.64% of women who never used hair straighteners would go on to develop uterine cancer by the age of 70; but for frequent users, that risk goes up to 4.05%,” said Alexandra White, Ph.D., head of the NIEHS Environment and Cancer Epidemiology group and lead author on the new study. “This doubling rate is concerning. However, it is important to put this information into context—uterine cancer is a relatively rare type of cancer.” Uterine cancer accounts for about 3% of all new cancer cases but is the most common cancer of the female reproductive system, with 65,950 estimated new cases in 2022. Studies show that incidence rates of uterine cancer have been rising in the United States, particularly among Black women. The researchers did not collect information on brands or ingredients in the hair products the women used. However, in the paper they note that several chemicals that have been found in straighteners (such as parabens, bisphenol A, metals, and formaldehyde) could be contributing to the increased uterine cancer risk observed. Chemical exposure from hair product use, especially straighteners, could be more concerning than other personal care products due to increased absorption through the scalp which may be exacerbated by burns and lesions caused by straighteners.

The Retirement Tax Podcast
What's the 'Mega' in Mega Backdoor?, Ep. 27

The Retirement Tax Podcast

Play Episode Listen Later Oct 15, 2022 19:28


Have you been reading about the mega backdoor Roth in articles or seeing it gracing headlines frequently? In this episode, Ben and Steven will be sitting down to chat about what all the hubbub is about and where you should probably be looking when aiming to max out your contributions. They give simple, actionable ways you can contribute more and how to best contribute. You can find all show notes for this episode at: https://bit.ly/3fLDPhy

White Coat Investor Podcast
WCI #284: HSAs, 529s, and Donor Advised Funds

White Coat Investor Podcast

Play Episode Listen Later Oct 13, 2022 56:45 Very Popular


Dr. Dahle and Dr. Spath tackle your questions around HSAs—specifically the reimbursement process and if you can reimburse yourself for past expenses before the HSA is open. Hint: You cannot! They also get into opening 529 accounts for family members that are not your children. They talk about charitable giving and the fees that are often associated with that as well as donor advised funds and asset allocation inside of those. They answer a few different asset allocation questions, which is always interesting because determining asset allocation in any category is always personal and the answer to every question is, "It depends." They also answer questions about TIPS, captive insurance, and more. See the full show notes here: https://www.whitecoatinvestor.com/hsas-529s-and-donor-advised-funds-284   Laurel Road, the sponsor of this episode, is committed to serving the financial needs of doctors, including helping you manage medical school debt. Now, when you open a Laurel Road Linked Checking account during student loan refinancing, you can get a $300 cash bonus with $2,500 in direct deposits, 1 and qualify for an introductory 0.25% off your interest rate for the first 3 months. 2 Plus, White Coat Investor readers receive a $550 cash bonus when they refinance student loans with Laurel Road. 3 For terms and conditions, please visit www.laurelroad.com/wci.   The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you! Main Website: https://www.whitecoatinvestor.com  YouTube: https://www.whitecoatinvestor.com/youtube  Student Loan Advice: https://studentloanadvice.com  Facebook: https://www.facebook.com/thewhitecoatinvestor  Twitter: https://twitter.com/WCInvestor  Instagram: https://www.instagram.com/thewhitecoatinvestor  Subreddit: https://www.reddit.com/r/whitecoatinvestor  Online Courses: https://whitecoatinvestor.teachable.com  Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter 

Women & Money: The Shit We Don't Talk About!
Ep 20: A Proactive Approach to Tax Planning with Eric Blake, CFP®

Women & Money: The Shit We Don't Talk About!

Play Episode Listen Later Oct 13, 2022 22:34


Although we know tax planning is about as fun as a mammogram, they are something we have to do every year. Our goal for this episode is to help you glide into tax season with ease. Let's make sure we are prepped, proactive, and ready to make the most of our taxes.In this episode, we have Eric Blake, CFP®, Founder, and Lead Financial Advisor at Blake Wealth Management. Eric may not be a fan of taxes but loves tax planning. Listen along as we discuss some of Eric's strategies to save on your taxes.We will explore the following and much more: ·      How proactive tax planning can give you control. (2:00)·      Here are some items on your tax return that could help you save money on next year's taxes. (6:18) ·      If you are in a lower tax bracket now, here are some adjustments you may want to make. (10:54)·      How an HSA could be a great tool for you in retirement planning. (17:16)Resources:Learn more about our guest: https://pursestrings.co/professional/eric-blake-cfp/Find a Purse Strings Approved Professional - Click HereCheck out our Facebook Page - Click HereJoin our community of Financially  Fearless Women - Private Facebook Group

The Retirement and IRA Show
IRAs, HSAs, Social Security, Annuities, IRMAA, and Secure Income: Q&A #2241

The Retirement and IRA Show

Play Episode Listen Later Oct 8, 2022 92:04 Very Popular


Jim and Chris sit down to discuss listener questions relating to IRAs, HSAs, Social Security, annuities, IRMAA, and secure income. (19:30) A couple of listeners ask about the advantages and disadvantages to funding an health savings account (HSA) with qualified distributions from an IRA. (27:15) A listener wonders if the responsibility to “elect” or “request” […] The post IRAs, HSAs, Social Security, Annuities, IRMAA, and Secure Income: Q&A #2241 appeared first on The Retirement and IRA Show.

Physician Family Financial Advisors Podcast
The Single Best Tax Deduction for Physicians Might be the HSA

Physician Family Financial Advisors Podcast

Play Episode Listen Later Oct 5, 2022 18:27


What might be the single best tax break for a physician's family? Surprisingly, a health savings account (HSA) may be the right option for your physician family. An HSA account is a vehicle where a physician can save on taxes when money is deposited for future health care expenses. So, how does a physician qualify for an HSA account? What is the tax break of an HSA for a physician? Tune in to learn how the HSA account can be used, how it can be invested, and the benefits of the account post-retirement.    ASK A QUESTION   Send your questions about taxes, investing, extra money, retirement, college, and financial parenting to podcast@physicianfamily.com or call the Physician Family Answer Line at (503) 308-8733.   IN THIS EPISODE   [0:46] What is a health savings account (HSA)? [1:54] How does a physician qualify for an HSA account? [4:00] What happens when the money is taken out of the account?  [5:21] What is the tax break of an HSA for a physician?  [9:15] The HSA money can be invested. [10:25] Example of how to use the HSA account for medical bills.  [16:40] If the HSA isn't used, it can be transferred to an IRA upon retirement.    NOTICE   Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Benefits Buzz
#5-27: HSA Day 2022 - Beat Inflation with Benefits

Benefits Buzz

Play Episode Listen Later Oct 5, 2022 48:20


Inflation and a declining financial market have resulted in nearly half of Americans unable to cover a $400 emergency medical expense. Compound that with 50% of employees leaving jobs for mental health reasons and many HR professionals are facing a perfect employee wellness storm. As employees turn to their employers for financial, physical, and mental support, HSA Day 2022 aims to provide meaningful tools and educational resources on one particular benefit that meets the needs of a variety of employees: the health savings account (HSA). Check out our HSA Day webpage to learn more! Our guests: Tori Dunlap: Globally-Recognized Money Expert and CEO/Founder of Her First $100K Jennifer McClure: CEO of Unbridled Talent & DisruptHR

Talking Real Money
Back Answering Your Questions

Talking Real Money

Play Episode Listen Later Sep 30, 2022 23:32


Don is taking your questions again to wrap up the week: Which comes first, your HSA or 401k? When is interest taxed in "at maturity" CDs? The best way to create a balanced investment at Fidelity? What do we make of an obscure, institutional only fund for retirement plan? What should parents do with $150,000 sitting in the bank? Before considering an annuity, with whom should she talk? Learn more about your ad choices. Visit megaphone.fm/adchoices

The Dave Ramsey Show
Should I Pay Off the House? (Hour 1)

The Dave Ramsey Show

Play Episode Listen Later Sep 29, 2022 45:39 Very Popular


George Kamel & Kristina Ellis discuss: Paying off the house, Investing in an HSA, Helping a parent set up their will, Going to college vs. focusing on a small business, Applying for the FAFSA, Selling a car to pay off debt. Support Our Sponsor: LegacyBox Zander Insurance PODS Moving & Storage Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Your Life, Simplified
End of Year Tax Checklist

Your Life, Simplified

Play Episode Listen Later Sep 29, 2022 21:18


In this episode of Your Life Simplified, Valerie Escobar, senior wealth advisor, andMichael MacKelvie, wealth advisor, discuss the checklist you should run through before the end of the year to make sure your taxes are in ordergoing into the new year.

Real Personal Finance
171 - Should I Save My Money For The Future Or Spend it Today?

Real Personal Finance

Play Episode Listen Later Sep 28, 2022 23:21


Scott and James discuss if you should save your money for the future or spend it today. NEW: We're on YouTube here! Listener Question: I am 40 years old and want to know how I am doing. I have been through a divorce and a major job change and have been saving as much as possible, but it seems like I may have gotten to a place where I may be able to save less aggressively. I would really love to be able to retire comfortably at 60 but also live my best life now without over-saving and missing out on today. I have an old 401k, current 401k, Roth IRA, HSA and brokerage account. I know my numbers very well: budget/spending, savings/savings rate, net worth, etc. Planning Points Discussed Utilizing Time Efficiently Capital Appreciation Purchasing Power Other issues (IRAs, Inflation, Financial Goals, etc.) Timestamps: 2:30 - We're on YouTube HERE! 4:15 - Summary of Goals 10:02 - Comprehensive Financial Planning 17:38 - How Much To Save/Spend Today? 22:32 - Aligning Your Financial Goals LET'S CONNECT! James YouTube LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don't miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play.

ChooseFI
396 | The Valuist | Bo Loy

ChooseFI

Play Episode Listen Later Sep 26, 2022 80:45 Very Popular


In this episode: evolution, knowing the rules, making purposeful decisions, automation, and the return of the hot seat! In the advent of making money, oftentimes we can find ourselves torn between a state of over-saving through budgeting and cutting expenses, and over spending just because we have the means to. But is that what we really are looking for in our respective FI journeys? With thoughtful planning and proper action maybe we can happy medium between the two that doesn't feel over invasive. Today we are joined by Bo Loy to discuss the concepts of finding adventures that don't break the bank, purposeful decision making, and the perks of automating your money. Also we heard your feedback! Back by popular demand this week, Bo Loy will be answering questions in our freshly renewed segment, The Hot Seat! Bo Loy Website: valuist.com Timestamps 1:26 - Introduction 2:23 - Evolution and Perspective 9:12 - It All Adds Up 14:22 - Reviewing, Insurance, and HSA 24:11 - Knowing the Rules 32:00 - Tax Loss Harvesting 37:45 - Making Purposeful Decisions 44:02 - Finding Free Adventures 49:01 - Automation 66:17 - The Hot Seat Returns 79:10 - Conclusion   Resources Mentioned In Today's Episode Early Retirement Extreme Mr Money Mustache HSA – The Ultimate Retirement Account in 2022 Go Curry Cracker | Capital Gains, Losses and The Roth Conversion Ladder | ChooseFI Ep 18 A Second Generation FI Case Study | Cody Berman FlytoFI | ChooseFI Ep 83 All The Hacks The High Cost Of Living Path To FI | ChooseFI Ep 41 JL Collins Brian Feroldi Check Out ChooseFI On Facebook Find Your Local Group! Subscribe to The FI Weekly! More Helpful Links and Resources: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Track your personal finances with Personal Capital Keep learning or start a new side hustle with one of our educational courses Slash your cell phone bill without sacrificing service with Mint Mobile