Don’t miss the tax advantages of this savings account
As you choose your benefits for 2020, don’t overlook a key saving account that could beat your 401(k) plan — at least in terms of taxes. This year, nearly 3 in 10 employers that offer workplace benefits provided a high-deductible health insurance plan along with a tax-advantaged savings account, according to data from the Kaiser […]
This is how much the average American saves each year
There are a lot of gloomy headlines out there about how Americans are struggling financially. And while it’s true that many workers are not as prepared as they should be (only 28% of Americans are considered to be financially healthy, a report from research company Financial Health Network found), that doesn’t mean the average worker […]
Mitt Romney pushes new plan to fix Social Security. Critics say it isn’t a solution
Sen. Mitt Romney, R-Utah, is taking the lead on a new proposal aimed at fixing funding shortfalls for Social Security, Medicare and the nation’s crumbling highways. What the plan may mean for the future of Social Security has some advocacy groups concerned. Romney, together with a group of senators from both sides of the aisle, […]
Here’s how the Fed rate cut affects you
The Federal Reserve’s decision to cut interest rates by a quarter point for the third time this year is meant to bolster the economy. Everyday Americans may lose some ground. On the one hand, lower rates often mean cheaper loans, which can impact your mortgage, home equity loan, credit card, student loan tab and car payment. […]