Let’s face it–in today’s world, health insurance is a necessity. In fact, most U.S. citizens and legal residents must have qualifying health insurance or face a penalty tax. Yet the cost of medical care is soaring higher every year, and it’s becoming increasingly difficult (and in some cases, impossible) to pay medical costs out of […]
If you’re like most Americans, you count on your employer for health insurance coverage. But what would happen to your health insurance if you suddenly stopped working or no longer qualified for benefits? No one can predict the future. It’s possible that your company could lay you off or reduce your hours to part-time, your […]
The car buying process can be a stressful and time-consuming experience; finding a trustworthy dealership, assuring the vehicle’s price is in fact market value, and considering additional, often hidden, fees. Let your Austin Asset team relieve you of these stresses by determining competitive prices across the local dealer market, providing greater transparency for surprise costs, […]
For most parents, sending their child to college is at the top of the wish list. A college education can open doors to many opportunities and help your child compete in today’s competitive job market—but that diploma doesn’t come cheap. This is how to prepare your child for college, and yourself, financially. College costs According […]
Have you ever wondered “Should I use my HSA or save it for down the road?” A recent study from Fidelity estimates that an average 65-year-old couple retiring this year will need to have $295,000 in today’s dollars for future medical costs. So what is an effective way to save for medical expenses in retirement? […]
If you are like many Americans, you likely have an employer-sponsored retirement plan. This is the second article in a three-part series about the basics of 401k, 403b, and Defined Benefit Plans. Retirement plans established under Section 403(b) of the Internal Revenue Code, commonly referred to as 403(b) plans or “tax-sheltered annuities,” have become a […]
Did you know that, if you are at least 70½ years old, you can make tax-free charitable donations directly from your IRA? By making what’s called a qualified charitable distribution (QCD), you can benefit your favorite charity while excluding up to $100,000 annually from gross income. These gifts, also known as “charitable IRA rollovers,” would […]
You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle the two? The truth is, saving for your retirement and your child’s education at the same time can be a challenge. But take heart — you may be able to reach […]
As financial advisors, we are constantly being asked how best to save for retirement? In most cases, the answer is simple, start with your employer-sponsored plan. Why? Employer-sponsored qualified retirement plans such as 401(k)s are some of the most powerful retirement savings tools available. If your employer offers such a plan and you’re not participating […]
Buying a car can be exciting but also a time-consuming process. At Austin Asset, it is not uncommon for us to facilitate the car buying process for our clients. Our goal, to save our clients time and help them leverage how to get the best deal on a new car. To do that, we follow […]