A health savings account or HSA is an account designated to pay for qualified healthcare expenses. It’s funded with pre-tax money, and contributions grow tax-deferred much like an IRA. As a benefit to their employees many employers also choose to make contributions as well. Unlike a traditional pre-tax IRA however, distributions may be received […]
In a matter of days, the United States government could potentially default on its debt for the first time in history. The showdown in Washington is causing many folks to become very anxious about the future, and how a US default might impact their retirement plans. If you’re paying attention to the major news media […]
In the waning hours of 2022, Congress passed a $1.7 trillion omnibus spending bill. The Consolidated Appropriations Act of 2023 was introduced December 20th and just before Christmas this legislation was rushed through the senate and house of representatives, and finally signed into law by President Biden. Inserted into the legislation was a host of […]
After a rather sleepy 2022 regarding tax and retirement plan changes, many rules impacting retirement planning will take effect in 2023. In this month’s article we’re going to highlight some of what we consider to be changes of specific importance, and how these changes might impact folks like you. Many of these changes may impact […]
Many would agree that Roth IRAs are special retirement accounts. They are funded with after tax dollars, grow tax deferred, and all distributions including accumulated gains are tax free. …Or are they? There are two five-year rules that govern whether your Roth IRA distributions are both tax and penalty free. The rules can be quite […]
What if my account goes to zero? It’s a question I’ve heard more than once in the past 6 months. It seems to come from a place of fear, and extreme emotional aversion to loss. There’s likely a lack of understanding too. An understanding of what one owns within the equity portion of an investment […]
Is it better to be an owner or lender? A simple question worth asking yourself. Would you rather be the owner of your home (a relatively consistent appreciating asset I might add) or would you rather be the lender? As an owner you borrow capital for small down payment to get started. You work towards […]
Unless you have been diagnosed with a life threatening medical condition that could potentially shorten your life expectancy, or you have a family history of short life expectancy due to hereditary health complications, waiting at least until full retirement age often makes sense. There are a few reasons you might delay claiming Social Security benefits. […]
Royal Fund Management | June 14, 2022 The market continues to test one’s resolve. In 1933, a quote became famous when President Roosevelt said, “…the only thing we have to fear, is fear itself”. This famous quote seems appropriate today as related to the current economic and market environment. The current amount of uncertainty naturally […]
The rising cost of goods and services has many folks concerned, and some folks down right panicked. Historic inflation is making headlines and rightly so. As this article is being penned, inflation is at a 41-year high. May 2022 year over year inflation was 8.6%, and Core CPI which excludes volatile food and energy costs […]