Skip to main content

Retirement contribution | 401(k) | Insurance | Health Care FSA


In this episode, we are talking about types of Enrollment Benefits. Chapters: 0:00 - Intro 0:48 - Retirement contribution 3:35 - Roth 401(k) or regular 401(k) 6:39 - Allocations 9:30 - Health Care FSA 11:26 - Dependent Care FSA 14:19 - Insurance Benefits 18:20 - Other Benefits 19:04 - Health Savings Account (HSA) You can find us at: Gabriel Kaplan - wealthhabits.com || twitter: @gabrielkaplan Robinson Crawford - montave.com We appreciate you watching the channel each week, telling your friends about us, and being an awesome audience. See you soon! Nothing we're doing here should be considered one on one financial advice. Rather, we are here to educate and to invite you into the conversation. See our disclosures here: Subscribe here for instant alerts whenever our new video goes live: 👍 LIKE what we're doing? Smash the thumbs up! 🔔 SUBSCRIBE with "all" notifications to know when we're on...(read more)


LEARN MORE ABOUT: 401k Plans
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
Retirement Contribution One of the most critical financial decisions you will make in your lifetime is how much to save for retirement. A retirement account is often the easiest and most effective way to save for retirement. One of the most common types of retirement accounts is a 401(k) plan, offered by many employers. A 401(k) plan is a type of tax-advantaged retirement savings account that offers employees a way to make contributions to their retirement savings through payroll deductions. The amount you contribute to your 401(k) plan depends on your retirement goals and your current financial situation. Most people recommend saving at least 10-15% of your gross income for retirement, but it's essential to remember that you can contribute up to $19,500 per year to your 401(k) plan, with an additional $6,500 catch-up contribution if you're over age 50. Insurance Insurance is a critical part of financial planning. It provides protection against unexpected events that can cause significant financial hardship for you and your family. Insurance policies offer financial protection from losses caused by accidents, illnesses, natural disasters, and other unexpected events. Life insurance is one of the most important forms of insurance, especially if you have dependents. It provides financial protection for your family if something unexpected happens to you. Life insurance policies pay out a lump sum in the event of your death, providing your family with financial support to help cover expenses such as mortgage payments, college tuition, and other living expenses. Health Care FSA A Health Care FSA (Flexible Spending Account) is an employer-sponsored benefit that allows you to save pre-tax dollars to pay for eligible out-of-pocket medical expenses. The money you contribute to your FSA is tax-free, which means you pay fewer taxes on your income. The maximum contribution for 2021 is $2,750. The good news is that Health Care FSA can be used for a wide range of medical expenses, including deductibles, co-pays, prescriptions, and even over-the-counter medications. Some plans even allow you to use the funds for dependent care expenses like child care, elder care, and adult daycare. Conclusion Saving for retirement, investing in insurance, and utilizing a Health Care FSA are critical individual pillars for financial planning. You must analyze these areas in-depth to help ensure a secure and well-provisioned future for yourself and your family. Suppose you are looking for professional help managing these concerns, make an appointment with a financial advisor. They can guide you through the various options and help you make informed decisions that balance your long-term retirement goals with your present needs. https://inflationprotection.org/retirement-contribution-401k-insurance-health-care-fsa/?feed_id=75671&_unique_id=6403303976487 #Inflation #Retirement #GoldIRA #Wealth #Investing #401k #contribution #dependent #financialeducation #fsa #HealthCare #insurance #Retirement #retirementcontribution #401k #401k #contribution #dependent #financialeducation #fsa #HealthCare #insurance #Retirement #retirementcontribution
Labels:

Comments

Post a Comment

Popular posts from this blog

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their
Post a Comment
Read more

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'
Post a Comment
Read more