HSA: Your Third IRA

Stethoscope
Most people are unaware of this but did you know you probably have a third, COMPLETELY TAX FREE, retirement account? If you have a High Deductible Health Plan (HDHP), you are eligible to open up an HSA and contribute to it? What is an HDHP?? An HDHP is just what it sounds like, a health plan with high deductibles. But...
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Back to Basics: Different Types of Bank Accounts

bank accounts
Let’s discuss some basics. Specifically the different types of bank accounts and what they’re used for. Bank Accounts   Checking Account A checking account is the most common form of a bank account. Most of you have this and most likely your paychecks are going into this account. This is a bank account that allows you to have a high...
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For Hire! CashFlowAlpha is looking for Writers!

for-hire
  CashFlowAlpha is looking for writers! For Hire — CashFlowAlpha is currently looking for writers specialized in personal finance, business, stock markets, investing, retirement, and options trading. CFA is looking to bring in the new year with new insightful articles to contribute to the finance world. You don’t have to be super experienced or a NY Times Bestselling author. I...
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Things to do before the new year

iras
It’s almost the end of 2014 and the new year is right around the corner. It’s time to go over your checklist for 2014 and make sure you’ve completed the following: Max out your 401k The contribution limit for this year is $17,500. If your employer matches your contribution, that limit can go over $17,500. For example an employer who...
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Investing: Where Do I Put My Money?

Gold Coins and plant isolated on white background
Scenario: You have X amount of dollars you’d like to invest. You know you’re supposed to invest and from reading the blog posts here, you understand the best thing to do is to find index funds or ETFs with low expense ratios to carry out a 20-30 year investment plan. But what exactly are you supposed to buy? Thankfully future...
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My November Actuals

budgeting
Medical issues, PAX, and Black Friday drove my spendings for this month! Other than that, everything else is pretty standard. Market has been reaching higher highs which is good for everyone’s investment accounts. I’m currently working on a new layout for the new year on my Google Spreadsheets. I’m aiming to consolidate my monthly personal finance budgets with my investment...
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My October Actuals

budgeting
Took a big hit this month from the huge market dip in the middle of the month and from medical expenses. I started therapy this month from a spine issue and it’s been hitting against my emergency fund. Thank goodness for an emergency fund though…you never know when you’d need it. Here are my actuals: October Actuals Income: $3200 –...
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