2020 was a uniquely harrowing year. More than 1.7 million people have died in the COVID-19 pandemic, with trillions of dollars in economic damages around the world. Millions of people are out of work and struggling to pay their bills.
Health Savings Accounts, or HSAs, offer some of the best tax advantages among savings and retirement accounts. High earners should seriously consider opening and contributing to an HSA.
In today's global economy, individuals commonly live, work, and even retire in different countries over the course of their lifetime. Investors with a globally mobile lifestyle belong to different categories, each with distinct immigration, legal, and tax consequences.
Medicare’s open enrollment period occurs each year between October 15 and December 7. This is the best opportunity for current Medicare participants to modify their coverage, if their healthcare needs have changed.
Global markets continued their recovery in the third quarter, albeit at a more measured pace than the second quarter. Once again, every major asset class notched positive returns, with stocks from Emerging Markets and Natural Resources leading the way. On the bond side, we note the excellent returns from US TIPS over the past 12 months, supported by lower interest rates and a change in inflation expectations. Finally, the other assets category performed well with average returns exceeding U.S. bonds' but lagging equities' overall.
When it comes to purchasing a new home, it's essential to be realistic about what you expect to pay. While most people focus on their monthly mortgage payment, other costs related to the purchase are frequently overlooked. Some of these costs are one-time (paid at purchase or immediately after) while others persist over your entire ownership tenure.