Carla specializes in service journalism for news outlets including The New York Times, Money magazine, and CNBC.com. For the past 15 years she has writen for traditional news outlets, ghostwriting books and articles for clients, creating content for major financial service firms, and editing investment newsletters and white papers.
Her work appears in The New York Times, Money Magazine, Barron's and Consumer Reports.
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In the event you and a spouse decide to divorce, a sizable HSA account balance becomes an important part of the negotiation for how best to divide your assets.
Here are a few things to consider when deciding how to divide an HSA in a divorce:
If you’re interested in using your HSA to fund future health care costs, investing your money in stocks and bonds will likely produce bigger returns for you decades from now. Sure, with stocks there will definitely be periods when your account value will decline. But if you don’t intend to use the money for at least 10 years, investing it in stocks and bonds will likely produce higher returns than keeping it in a low-yielding cash bank account or money market mutual fund.
Dental braces are a bit like a home renovation project, but for your teeth. For some, it addresses a structural issue, such as misaligned jaws or teeth. For others, it’s a cosmetic touch-up to make your smile shine even brighter. And it’s not just for teenagers, according to the American Association of Orthodontists, one in three clients these days is over the age of 18.
For those of you who want the quick answer: the HSA contribution limits for 2020 are $3,550 for an individual and $7,100 for a family. If you are 55 or older your catch-up contributions are limited to an extra $1,000 a year. If you are a bit confused about what an HSA is, it stands for…
We are excited to share with you, that Lively is now the #1 rated HSA Provider on HSASearch.com (A Devenir company). We want to thank the many customers who took the time to review our HSA offering and give us such a high rating.
Want to use pre-tax dollars for healthcare expenses? If you don’t have a high deductible health insurance plan and want to set aside pre-tax dollars for healthcare expenses, a Flexible Spending Account (FSA) may be just what you’re looking for.