Welcome to the
MoneyAdvice@Work® eNewsletter!
The MoneyAdvice@Work® eNewsletter is a quarterly resource that brings
you industry insights, updates on upcoming education events, and an
independent perspective from your Francis Investment Counsel advisors.
Budgeting That Doesn't HurtWho says you have to do without?! Traditional budgeting tells us we have to remove certain expenses to save money. Tune in to learn how you can keep your favorite extras and still come out ahead! This webinar will be broadcast live on Wednesday, September 22, 2021 at 12:00pm (CT) and 4:30pm (CT). Register today!
Have you checked out our Learning Library?We’ve compiled educational tutorials, quizzes, articles, and more to help you grow your financial knowledge. Visit the Learning Library and click on Get Started to explore our interactive resources. You can search by topic or complete a short questionnaire, which will generate recommendations for you. We cover a wide range of subjects, so there’s sure to be something for
everyone.
Catch-Up on the
Capital MarketsWe all know that investing can be a wild ride. It’s difficult to keep track of everything that’s going on in the marketplace. Here’s your chance to catch up. Click here to review this quarter’s market headlines.
Should I select a High Deductible Health Plan (HDHP) so I can contribute to a Health Savings Account (HSA)?Almost certainly, yes. While the high deductible may seem intimidating, remember that the most important number is your out of pocket maximum which is typically lower in a HDHP. People can recover financially from a high deductible, but it is much harder when there is a high out of pocket max associated with an expensive medical situation like cancer or a serious accident. The initial pain of building up the HSA account is well worth the added security of having any future health issues covered if they strike. Additionally the “triple
tax free” tax benefits of an HSA are unbeatable. You get a deduction from income today, tax-free growth and tax-free withdrawals for qualified health care expenses to include Medicare Advantage plan premiums (not Medigap). Even if you end up not using the money for medical expenses you can still use it as an after tax, tax deferred account that you can access at age 65 penalty free. There is a reason that the financial community refers to HSAs as “stealth IRAs.” They make great retirement savings vehicles. Have a question you’d like us to answer? Submit it here.
Investors Should be Ready for Higher Taxes and InflationUnprecedented stimulus pushed markets to record highs, but inflation and higher taxes could follow. In an article featured in the Milwaukee Journal Sentinel, Francis Investment Counsel’s Mike Francis expresses that It's time for investors to rethink their strategies. Read the full article here.
IN CASE YOU MISSED IT…We get it – we know you’re busy. That’s why we created the Monthly Minute. These short articles bring you practical money tips that you can read fast. Here’s your chance to re-cap the past quarter’s Monthly Minutes.
April
Five Smart Uses for Your Stimulus CheckIf you find yourself with a little extra money, you may not know the best way to utilize it. Click here for five tried and true ways to get the most bang from your extra bucks. And remember, our advisors are always available to help you assess your personal situation and set up a game plan so every dollar works for you. Schedule to meet with a Money Advice advisor.
May
The Child Tax Credit is Getting Bigger in 2021The Child Tax Credit amount has increased for 2021 and the IRS started making advance payments to qualifying families in July of 2021. Get the scoop on this credit and the changes that you can expect as next tax season. Learn more here.
June
Target Date Funds Make 401(k) Investing EasyFor retirement plan investors wishing to keep it simple, target retirement date funds are ideal. You simply pick the one fund closest to your intended retirement date and the managers take it from there. Request a flyer that highlights what’s going on behind the scenes and what you need to know about this popular investment option in your plan.
What is MoneyAdvice@Work®?You work hard for your employer – and your employer is committed to you! That’s why they sponsor MoneyAdvice@Work®. This employee benefit ensures that you and your family receive the money help that you need, all from a conflict-free, sales free advisor – Francis Investment Counsel. They’re here to help you with personalized money advice. Click here to schedule a remote session.
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