Should I Make Roth Contributions Inside My 401(k) Plan?
Though they have been around since the 1970s, 401(k) plans are still one of the best ways to save for retirement. Nowadays, many 401(k) plans allow for Roth contributions. You’re probably wondering: what exactly is a Roth contribution? And should you make Roth contributions inside your 401(k)? What are the benefits? We will discuss all of this and more, but first let’s look at how 401(k) accounts utilize Roth contributions.
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Stop Spending Your HSA Contributions on Medical Expenses
It may seem counter-intuitive, but spending your Health Savings Account (HSA) contributions on medical expenses now could be a huge mistake. While medical expenses are a necessity, it could actually save you a lot of money to use your own funds to pay for healthcare costs, especially while you are young.
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