The IRS recently released the 2025 contribution limits for health savings accounts (HSAs), as well as the 2025 minimum deductible and maximum out-of-pocket amounts for high-deductible health plans (HDHPs).
Personal Finance
Your Cup of Coffee Is Already Expensive. It’s About to Get Even Worse.
Global coffee drinkers who’d hoped the price of their daily fix would soon stop rising are due for a bitter wake-up call: it’s about to get even worse.
Checklist for Personal and Tax Documents After a Natural Disaster
Reconstructing lost records and filing tax returns may not be at the top of most people’s to-do lists in the wake of a disaster like a hurricane, a fire, or earthquake.
Why Gen-Z Is Suddenly Creating Wills And Trusts—And You Should Too
Conventional wisdom casts trusts, wills, and estate plans as the exclusive domain of the ultra-rich. Supporting this notion, data reveals that two-thirds of Americans lack an estate plan, a figure that climbs higher to 80% among Gen-Zs. However, Matt Watson, CEO of the all-in-one financial management app Origin Financial, offered a compelling counter-narrative to this trend when I spoke to him recently.
Why Everything Still Feels Expensive Even As Inflation Cools
Inflation has been brutal over the past few years. After decades of running below 3%, starting early 2021, inflation increased rapidly as the economy opened back up after the COVID-19 lockdowns. It peaked at 9.1% in June 2022 and then declined to its current level of 3.2%.
Get ready for sneaky new credit card fees
Credit card issuers are very good at getting money out of people. There are all sorts of levers they will use to make up for reduced late fees.
Well Into Adulthood and Still Getting Money From Their Parents
Parents have always supported their children into adulthood, from funding weddings to buying a home. Now the financial umbilical cord extends much later into adulthood.Parental support is continuing later in life because younger people now take longer to reach many...
Tooth Fairy Inflation Is Real: It’s Leaving $100 Bills and Louis Vuitton Bracelets
When her daughter was about to lose her first baby tooth, Kokoa Lawson went to work researching ideas. She wanted to make the tooth fairy experience magical and extra special for her only child. She gave her daughter a $100 bill decorated with glitter and tiny...
America Has Never Had So Many 65-Year-Olds. They’re Redefining the Milestone.
More Americans are turning 65 this year than any prior time in history.Today’s 65-year-olds are redefining a milestone long associated with retirement parties and the end of productive years. They are wealthier and by many measures, healthier, and expected to live...
Where Your Social Security Benefits Get Most Bang For The Buck
If you’re relocating for retirement, does it make sense to see to what extent your Social Security benefits will support your lifestyle? Yes, because there are number of factors to weigh.Some 11 states tax Social Security benefits to some degree. Most states, however,...