A health savings account, or HSA, is a tax-advantaged account that people can use to cover their out-of-pocket medical costs. Compared to regular savings accounts, HSAs turbocharge your ability to cover medical bills, whether you’re already retired or still earning a steady paycheck. But unlocking the full potential of these accounts takes careful planning and

Deciding how to pay for potential long-term care needs down the road is a complex financial planning issue that most retirees need to address. Whether due to illness, injury, or age, many older adults will one day require some type of daily living assistance. With the steep costs of: it’s crucial to have a strategy

With the stock market always setting new highs and lows, you may be wondering if you should continue investing or sit on the sidelines until things settle down. But what’s the right choice for you and your financial goals? This decision requires some thoughtful analysis of risk, timelines, and ultimately, what you hope to achieve

For many of us, income taxes are the number one expense we will have over our lifetimes. Many of us pay more in income taxes over our lives than we do even for our housing. Over the next few years, we may see some real opportunities to take advantage of reducing our income taxes both

East Tennessee is known for its spectacular rolling hills, the Great Smoky Mountains, bluegrass and country music, and barbecue hot off the smoker. Retirement in Tennessee has so many benefits including quality of life, housing affordability, and budget-friendly retirement perks. Quality of Life At just under 2.5 million residents, East Tennessee provides a good balance

The 60/40 portfolio, a mix of 60% stocks or equities and 40% bonds or other fixed-income offerings, has been popular throughout the past several decades. It was developed in the 1960s and grew in popularity much in part due to more stabilized annual returns than only investing into equities. However after a series of bear

As you’ve been building towards retirement, you have made many financial decisions.  Some good, and perhaps some bad. You may have maxed out your credit card on clothes in your early 20s or chose the wrong payment plan for your car loan or home mortgage. Regardless, you’ve navigated many financial obstacles and gained wisdom that

As you plan for retirement, it’s important to consider tax optimization strategies to minimize your tax liabilities. Here are three key ways to optimize taxes in retirement. Consider the Tax Structure of Your State and Locality Where will you live? Consider living in a tax-friendly state like Tennessee. [1] Many states offer tax breaks for

When you think about your school years, whether your high school, college, or post-grad days, you’ll revisit memorable moments from when you had your whole life ahead of you. Schooling is all about providing students with the tools they need to achieve their future potential. When it comes to retirement planning, the same is true!

For most of your life, you’ve probably had a daily routine – from tying your tie to greeting your coworkers to loosening that tie when you get home. When thinking about retirement, not only does your daily routine change but your financial routine does too. In your working years, you made sure to have a

  In a world filled with uncertainty, planning for your financial future is paramount. The decisions you make today can have a profound impact on your wealth accumulation and security in the years to come.  But where do you start? How can you ensure that your finances are on the right track for the long

Retirement is a chapter of life we all look forward to – a time to relax, enjoy hobbies, and spend quality moments with loved ones. However, lurking in the shadows are healthcare costs that can cast a dark cloud over your golden years. So, how do you secure your health and finances simultaneously?  In this