Personal Finance - North Light Financial Services

The Advantages of HSAs

The Advantages of HSAs Health Savings Accounts offer you tax breaks & more. Why do people open up Health Savings Accounts in conjunction with high-deductible health insurance plans? Well, here are some of the compelling reasons why younger, healthier employees decide to have HSAs. #1: Tax-deductible contributions. These accounts are funded with pre-tax income that is, you receive a current-year tax deduction for the amount of money you put into the plan. Your annual contribution limit to an HSA [...]

By info@northlightfinancialservices.com|2017-06-01T10:43:28-04:00May 18th, 2017|Health Insurance, Personal Finance, Savings and Investing|Comments Off

Little Things that May Help Your Retirement Saving

Little Things That May Help Your Retirement Saving Over time, these seemingly small factors could make a major difference. Saving for retirement takes decades and demands the investment of significant amounts of your income. As this major effort unfolds, you should recognize that some subtle factors and seemingly minor decisions could end up making a sizable and positive impact on your financial future. Your investment yield may be less important than the amount you save. Beating the S&P 500 feels [...]

By info@northlightfinancialservices.com|2017-05-11T13:13:21-04:00May 4th, 2017|Investing, Personal Finance, Savings and Investing|Comments Off

The A, B, C, & D of Medicare

The A, B, C, & D of Medicare Breaking down the basics & what each part covers. Whether your 65th birthday is on the horizon or decades away, you should understand the parts of Medicare what they cover, and where they come from. Parts A & B: Original Medicare. Americas national health insurance program for seniors has two components. Part A is hospital insurance. It provides coverage for inpatient stays at medical facilities. It can also help cover the [...]

By info@northlightfinancialservices.com|2017-04-11T14:17:11-04:00March 30th, 2017|Healthcare, Medicare, Personal Finance, Retirement|Comments Off

Building an Emergency Fund

Building an Emergency Fund Everyone should aim to have a cash reserve. We all would love to have a little extra cash on hand for emergencies. Saving up that cash can be a challenge but with a little effort, that challenge can be met. Imagine a 30-year-old couple with no real savings. Lets call them Kurt and Diana. Together, they earn about $8,000 a month, but their household finances are being squeezed by education debt, rent, and the high [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:12-04:00March 16th, 2017|Personal Finance, Savings and Investing|Comments Off

Is Women’s Wealth Growing Faster Than Men’s Wealth?

Is Women’s Wealth Growing Faster Than Men’s Wealth? One study says yes. Two major factors may be influencing the trend. Picture the women of the world growing wealthier. It’s happening right now. Research from the Boston Consulting Group affirms this development. BCG, a leading business strategy advisor, says that as the world grew 5.2% wealthier between 2015 and 2016, women’s wealth grew 6.6%. In total, women own about $39.6 trillion in assets worldwide, and possess a 5% greater share of [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:12-04:00February 2nd, 2017|Personal Finance, Savings and Investing, Women & Finances|Comments Off