Month: December 2023

As 2023 comes to an end, you may have just a few weeks left to use any leftover money in your health-care flexible savings account. Employer-sponsored FSAs allow you to save pretax dollars and use the funds for qualified medical expenses. An individual can save up to $3,050 in these accounts in 2023. However, unlike a health savings account, which roll over year to year, the funds in an FSA are considered “use it or lose it."  According to Employee Benefit Research Institute data, almost half of workers forfeit some of their pretax dollars.  Click the link below for seven ways to take advantage of leftover savings while you can.

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The holidays are a time to relax and enjoy being around family and friends. There’s also more time for in-depth conversation about topics that might not normally come up - such as financial planning for members of the family.  For parents, ask if their finances are healthy and if their living arrangements are viable.  For children, share information they need to know about your finances and ask if they are taking the right steps for their financial futures.  For spouses/partners, discuss shared goals for your future together and make sure you are on track with your budget.  Click below for the full article.

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