An individual retirement account (IRA) is a strategic way to manage your money and prepare for the future. Traditional and Roth IRAs help you save up for retirement and grow a nice nest egg. However, contributing to retirement accounts can be tricky.

These tax-advantaged accounts have strict limitations and putting more money into the account than you are allowed to could lead to some penalties.…

Most people these days are looking for ways to save money on healthcare. After all, medical costs have done nothing but go up in recent decades, and many are feeling the squeeze, especially without insurance. Even with insurance, costs can still put a burden on your wallet. Many insurance plans have high deductibles to offset low premiums, and this means that you have to spend a lot out of your own pocket before your insurance benefits kick in.…

There’s no question that healthcare premiums have gone up in recent decades. In particular, health insurance premiums have seen a sharp uptick in the last 10 years compared to the rate of increase observed at any time in recent history.

According to some healthcare surveys, while rate increases hovered around 2% in 2020, experts predict that rates could increase as much as 5% by the end of 2022. This represents a big shift in…

There’s no question that medical expenses take a big chunk out of most people’s budgets these days. Even simple doctors visits can run into the hundreds of dollars, and comprehensive care for hospital stays can be much, much more. While insurance can be useful in offsetting the cost of healthcare expenses, private insurance doesn’t cover all medical expenses.

For example, over-the-counter medications are generally not…