Andy | Saving to Invest

Why Biden Will be a One Term President and What He Should Do To Save Our Economy!

This is a guest post by Tony Parker, an outspoken business owner and investor, looking at the intersection of politics and money. While I don’t agree with all his views (see my rebuttal in the comments section) I do think he makes some valid points worth discussing. Please share your…

25% of Americans Have a Credit Score of Less Than 600. Here’s How To Improve Your FICO Credit Score

The journal reports that according to data complied by Deutsche Bank 25% of Americans have a FICO credit score of less than 600, which is considered a low credit score by lenders, employers and more financial institutions. The standard FICO credit score range is between 300 and 850, and a…

2026 HSA (Health Savings Accounts) Contribution Limits, Deductibles and Out-of-Pocket Maximums For High Deductible Health Plans

Here are the latest Health Savings Account (HSA) limits released by the IRS. Consistent with recent years, the inflation-adjusted contribution limits for individuals and families are continuing to increase. Latest HSA Contribution and Out-of-Pocket limits You can see the latest limits in the table below, including minimum deductible and maximum…

Battle of the Banks: Local Versus National

There's a lot to consider when choosing your bank. After all, the fate of your hard-earned money lays in the decision. The institution charged with keeping your funds secure and fostering their growth into a sizable sum has a lot of expectations to meet. Usually, consumers look for banks that…

Home Efficiency and Green Energy Tax Rebates Extended For Residential and Business Owners in 2022 and 2023

While not as generous as in previous years, there are several energy efficient tax credits and breaks available for 2022, which can be claimed when filing returns in 2023. This includes the residential energy efficient property credit, which allows for a credit equal to the applicable percent of the cost…

Cash Rewards on Visa (V) and Mastercard (MA) Earnings With No Credit Card Needed

Going into the earnings season, credit card transaction processing companies like Visa (V) and MasterCard (MA) have been hit pretty hard due to adverse impacts of the recently approved financial reform regulation which limits the interchange fees they can charge banks and merchants for card transactions. However the actual regulation in…

Chelsea Clinton’s $2 Million Wedding – Extravagant or Expected? Plus Other Good Reads

I remember getting married many years ago and was stunned by how much one night of dinner, drinks and dancing with 100 of your closest friends and family could cost. Fortunately my parents helped with paying for the wedding, and even thought it was a relatively modest affair it would…

Am I Saving Enough For Retirement? How Much You Should Be Putting Away in 401K or IRA Accounts

Nothing is more significant over the long term from a financial planning aspect than ensuring you are setting aside and investing a sufficient amount of money to take care of your monetary needs in retirement. This can be easy to put off, especially if retirement is far away and taking…

How To Prepare for Tax Increases Next Year In this Sluggish Economy

We are more than halfway through the year and yet many major economic indicators are still showing the economy is not recovering as many would have hoped. Consumer confidence numbers showed that only 3% of people want to buy a car. These numbers are interesting considering previous tax credits targeted…

How and Where to Open an IRA or Roth IRA Account

I receive a lot of questions on Individual retirement accounts (IRA) based on related posts I have written on this topic. One question that seems to come up often, is how to actually open an IRA account and where is the best place to do so. An IRA is your personal savings…

A $630,000 Luxury Car and 2000 Buyers – The Rich are Back and Spending

Demand for luxury cars is returning around the world and especially in Wall Street as firms add jobs for the first time in two years and offer guaranteed payouts to attract top bankers. The return of big pay checks and even bigger bonuses (up 17 percent to $123,000 last year)…

The End of Free Checking and How to Avoid Monthly Account Fees

Free checking is coming to end thanks to new Financial reform regulation that will force banks to cut overdraft and ATM fees, which traditionally covered the cost of providing free checking accounts. Bank of America and Wells Fargo, US banks with the largest branch networks, have already started to discontinue…

Understanding Roth 401K and IRA Retirement Plans Conversion Limits and Rules – 2025 and 2026 updates

The landscape of retirement planning is constantly evolving, with new legislation and rules changing how we save for our golden years. One of the most significant shifts in recent years has been the increased flexibility in moving funds from traditional pre-tax retirement accounts to Roth accounts. This is a game-changer…

Why I Procrastinate and What To Do About Overcoming It

We all procrastinate and it is the number reason for us not doing the things we want to get done. I am also guilty of procrastinating on things that I should have done. In this post, I will explore the reasons why I procrastinate, highlight some stuff that I have…