Savings Corner

DECEMBER 25, 2023

How to fill out your retirement details Annual pretax income: This is the total income you earn before taxes are deducted. Current retirement savings: Enter the total current balances of all your retirement savings accounts, including 401(k) plans, individual retirement accounts (IRAs) and any other accounts earmarked for retirement.

Calculators 52

Calculators Taxes Money Free 52

Family Balance Sheet

FEBRUARY 9, 2018

They were so unaffordable, we actually considered taking the tax penalty and going uninsured. We had high deductible health plans from 2004 – 2016 and contributed many years to a health savings account. We used those funds to pay for our medical bills in 2017 and that account is now depleted and closed.

Health Insurance 113

Health Insurance Insurance 2017 Bills 113

Family Balance Sheet

MARCH 17, 2017

The new monthly payment would have left us ‘insurance poor’ On top of that bombshell discovery, we realized the insurance plans that were being offered to us were NOT compatible with a health savings account, a tax deductible savings vehicle offered to those with high deductible health plans.

Health Insurance 164

Health Insurance Insurance Health Bills 164