by Dave Martin
The decision on whether to save for retirement or not should be an easy one – YES! Yet, the choice of how much to save and what type of accounts to use can be trickier. Individual Retirement Accounts (IRAs) offer an opportunity to save for a comfortable retirement while providing long-term tax advantages.
Parents that make the personal decision to send their children to private schools know of the incredible investment it requires. The average cost of private schools is $13,000, yet the programs that have been available in the past haven’t made a dent in the amount of money it costs to invest in private education.
If you have ever met with a financial advisor, you have probably been told about the importance of starting to save early in life. The earlier you start saving, the more time your money has to grow through compounding.
A trip to the doctor or to the pharmacy is a quick realization that the cost of healthcare is getting more and more expensive each year. You certainly don’t want to have a catastrophic event reveal how vulnerable you are to an influx of medical bills. Planning ahead, as always, has its perks. As an added bonus, you may be able to receive a tax break on some of these expenses.