A Health Savings account is available only to those enrolled in a high-deductible health plan. This account is designed to help cover current and future medical expenses and offers some tax advantages. HSA owners need to decide how much to put in an HSA each month or year. Here are some key guidelines for determining how much to contribute to an HSA: As an individual, you can put up to $3,550 an HSA in 2020. Those with a family HSA have a contribution limit of $7,100. If you are 55 or older, you can put an additional $1,000 in an HSA. Find out what you need to do to qualify for employer contributions to an HSA. Unused funds can be rolled over to future years. Here's a look at the HSA contrib
You want to get ahead at work, so you work hard, build your relationship with your boss, and perform brilliantly. But did you know one of the best things you can do for your career is away from the office? Volunteering is linked to higher wages, a greater likelihood of employment, and more fulfillment. In 2018, a study published in Social Science Research found that those who volunteer tend to see a bump in their salary. A 2013 study by the Center for Economic and Policy Research also found positive correlations between volunteering and higher wages and between volunteering and the likelihood of employment. Volunteering can also contribute to more happiness and fulfillment, and the percepti
It’s no secret that older adults can benefit immensely from pet ownership. But for some, the demands of owning an animal may seem too strenuous. This guide can help you decide if adding a furry companion to your family is a good idea and help you choose a pet that will fit your lifestyle. Besides bringing joy and meaning to your life, owning a pet has many proven health benefits as well. Physical contact with an animal can significantly lower blood pressure, which can also lower your risk for a heart attack. Pets are an excellent source of companionship, and act as a buffer against social isolation, which helps combat depression (one of the most common medical problems facing the elderly). P
