Tag: episode_1525
MORNINGSTAR’S PERSONAL FINANCE GURU, CHRISTINE BENZ TAKES US THROUGH AN ANNUAL FINANCIAL WELLNESS CHECKUP
How fit is your retirement plan? Personal finance guru Christine Benz takes us through a financial wellness checkup.
Continue Reading »
BENZ: UNMET LONG-TERM NEED
UNMET LONG-TERM NEED
In her role as Morningstar’s Director of Personal Finance Christine Benz tackles the major problems facing retirees. One of the biggest is the cost of long-term health care.
Watch the related WEALTHTRACK episode.
TAKE FULL ADVANTAGE OF TAX DEFERRED SAVINGS PLAN
TAKE FULL ADVANTAGE OF TAX DEFERRED SAVINGS PLANS
2019 ALLOWED CONTRIBUTIONS RISING
- 401(k) OR SIMILAR WORKPLACE RETIREMENT PLAN:
- $19,000 for under age 50
- $6000 catch-up contribution for age 50 or older remains the same
- INDIVIDUAL RETIREMENT ACCOUNTS – I.R.A.’s:
- $6000 for under age 50
- $7000 for age 50 or older
-
- HEALTH SAVINGS ACCOUNTS – H.S.A.’s:
-
- $3500 for under age 55
- $1000 catch-up contribution for age 55 or older remains the same
- HEALTH SAVINGS ACCOUNTS = TRIPLE TAX BENEFIT
- tax-free contribution
- tax=free growth
- tax-free withdrawals
Watch the related WEALTHTRACK episode.
PREMIUM: BENZ
FINANCIAL FITNESS CHECKUP
How fit is your retirement plan? Personal finance guru Christine Benz takes us through a financial wellness checkup.
Connect
Connect with us on the following social media platforms.