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Tag Archives: maxing our retirement plans

Annual Goal Progress Report

end of year goals

It’s that time of the year again. No, not the holidays but time to check in on annual goal progress! My goals for this year were very basic and boring for the most part. Nevertheless, it’s time to check in and see how I did. Max out Health Savings Account and Employee Portion of Solo 401(k) Pass A couple of years ago, we converted our health savings account to Health Savings Administrators in order to invest that money in Vanguard funds. If you have access to a HSA and aren’t using the tax advantages available with these accounts, you really should try take advantage. In my opinion, this is the first account you should fund. Health savings accounts might be the the only investment option that never requires paying taxes on your income! I plan on maxing out the HSA out forever or until Anthem cancels our plan and I have to seek out alternative coverage.  For the other part of retirement savings, I chose to set up a solo 401(k) because of the large contribution amounts for self employed people. Anything that minimizes taxes and helps me reach retirement goals sooner is a win. I just maxed out the ...

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