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HSAs: Users not saving enough to get investment benefits

Holders of health savings accounts are not just under utilizing HSAs by not saving enough in them, they’re also not capitalizing on what could be their greatest feature: investing. So says a report from the Employee Benefit Research Institute, which reviews the trends in HSA usage from 2011–2016. Its database of 5.5 million accounts, with …

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Despite possible fiduciary delay, important compliance requirements remain

The Labor Department will more than likely propose fundamental changes to the fiduciary rule and its prohibited transaction exemptions, resulting in a delay of full implementation of the controversial regulation for at least one year, and perhaps longer, according to attorneys with Drinker Biddle & Reath. Proposed revisions to the rule will be subject to …

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Economic milestones of young adults today compared with prior generations

If you’re the parent of a young adult who is still living at home, you might be wondering whether this situation is commonplace. According to a recent U.S. Census Bureau study, it is: One in three young people (ages 18 to 34) lived in their parents’ home in 2015. The Census Bureau study examines how …

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Kickstart Your College Fund with a 529 Plan

If you’re looking to save money for college, one option to consider is a 529 college savings plan. Created over 20 years ago and named after the section of the tax code that governs them, 529 plans offer a unique combination of features that have made them the 401(k)s of the college savings world. How …

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Working in Retirement: What You Need to Know

Planning on working during retirement? If so, you’re not alone. Recent studies have consistently shown that a majority of retirees plan to work at least some period of time during their retirement years. Here are some points to consider. Why work during retirement? Obviously, if you work during retirement, you’ll be earning money and relying …

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