You are here: Home / Archives for HSA

Including maxing out my 401k and IRA, where else can I put pre-tax money?

March 7, 2012 By Leave a Comment

Assuming you have a qualifying health insurance plan, a health savings account (HSA) can be a great way to invest pre-tax money.  The 2012 contribution limits for an individual is $3,100 and $6,250 for a family.  If you are 55 or older then you are allowed to contribute an extra $1,000.  With regular contributions, HSA’s can be a great way to pay for doctor visits, prescriptions, etc.  Because HSA money will roll over to the next year, you don’t have to deplete the account.  Contact me today to see if an HSA is best for you and your family.   

Authored by: Scott Flowers, LPL Wealth Advisor

Filed Under: Faq, Financial Services, Insurance Planning Tagged With: ,

What should my 2012 New Year’s financial checklist consist of?

January 24, 2012 By Leave a Comment

The New Year is a great time to look at your financial affairs.  With new additions to the family, more income, and more liabilities; trusts, wills, and life insurance should be the first items to update.  Revise company retirement plan contributions to coincide with increased pay.  Make room in your budget for affordable contributions to your IRA and HSA accounts.  Evaluate education accounts for your children to make sure you are making adequate contributions.  With low paying CD’s explore other options that may pay tax free income or substantially more income.  With all that can happen in life in a year, make sure your investments are properly allocated to meet your goals and objectives.  Contact me today to make sure financial matters are taken care of.       

Authored by: Scott Flowers, LPL Wealth Advisor

Filed Under: Faq, Financial Services, Insurance Planning Tagged With: , , , ,

What should my 2011 end of year investment checklist consist of?

January 17, 2012 By Leave a Comment

Contribute up to your company match into your company retirement plan.  Then make sure you have added all you can into your IRA.  If you have a health savings account (HSA) make sure you take advantage of the pre-tax contribution limit for your family.  Make certain your children’s education accounts have been funded.  For individuals 70 ½ and older make sure you are taking your required minimum distributions (RMD).  The end of the year is also a great time to make sure that your investments are allocated properly for your goals and objectives.  Contact me today to make sure your investments match your goals and objectives. 

      Written by: Scott Flowers, LPL Wealth Advisor

Filed Under: Faq, Financial Services Tagged With: , , ,