(BPT) - True or false: You need to be wealthy to use a financial professional. It's a common misconception, but in fact there are financial professionals that can help at various stages in life, whether you're just starting out or nearing retirement. It can be a huge benefit to sit down with one to discuss options, investments, savings and retirement.
So, money management. Can you afford it? On the face of it you can, because there's the money in the bank that's maybe not doing much. After all, the bank is paying you 0.00001% on your deposit account, you don't understand the stock market so there's no point risking it there because you could lose a lot more than whatever you've seen in the shop will cost you. Why not treat yourself? But do you have a financial plan?
(BPT) - It's that time of year again when you may find a little bit of extra money in your pocket, thanks to your annual tax refund. There are plenty of practical ways to spend it, such as putting it toward paying off credit cards, loan payments or even starting a college fund, but there is always something tempting about taking that money and putting it toward something just a little bit more fun.
Health savings accounts (HSAs) are like personal savings accounts, but the money in them is used to pay for health care expenses. You -- not your employer or insurance company -- own and control the money in your HSA. The money you deposit into the account is not taxed. To be eligible to open an HSA, you must have a special type of health insurance called a high-deductible plan. Why were health savings accounts created?