What Accounts Should I Consider If I Want to Save More?
During January and February, we like to help clients identify proactive ways to start the year off right and save more.
- Received a bonus or a raise and need guidance on how to save or invest the additional cash;
- Have a tax refund coming to you; or
- Want to consider ways to save more this year.
Whatever the case, the beginning of the year is a great time to set your intentions and establish good habits to ensure you save for your financial goals.
Identifying available savings opportunities and prioritizing across accounts can be complex and overwhelming. For example, do you know whether you are eligible for and taking full advantage of pre-tax health care savings accounts, such as HSAs and FSAs? Are you optimizing your retirement savings, choosing between traditional and Roth options, obtaining the total amount of any employer match, and maximizing your contributions?
To help you spot ways to save more this year, we have a our Checklist: What Accounts Should I Consider If I Want to Save More? that outlines more than 15 strategies to consider when you have surplus cash or savings on hand.
Download Our Savings Checklist
While the checklist can help you identify different opportunities, we are always available to meet with you to discuss your finances and goals and determine what options best suit your unique circumstances.
Don’t hesitate to contact us and schedule a time to discuss this further.
The opinions voiced in article are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision.