We have multiple goals in life and should be able to handle short-term debts and long-term goals without sacrificing one for the other, says an expert.
A new survey finds that three-quarters of baby boomers expect to postpone retirement due to a unrealistic expectations of medical expenses, among other reasons.
Workers with a high-deductible health plan will be better off setting up a health savings account, which offers tax benefits for savings earmarked for future medical expenses.
The proposed budget includes a provision that would give Medicare recipients the option to contribute to a health savings account, which would offer various tax benefits.
Clients should be especially mindful of market movements during the "fragile decade," the span beginning five years before retirement until five years after retirement.
