by Daniel Shahwan | Oct 29, 2024 | Wealth Management
Saving is better done late than never, but starting earlier could be incomparably better than later. Time value of money (TVM) supposes that a dollar today is worth more than a dollar in the future. A dollar not invested today is exposed to inflation and potentially...
by Daniel Shahwan | Oct 25, 2024 | Wealth Management
A Health Reimbursement Arrangement (HRA) is an employer-funded, tax-advantaged plan that reimburses qualified medical expenses to employees. Health Reimbursement Arrangements (HRAs) HRAs cover a wide variety of medical and dental expenses. Qualified expenses include...
by Daniel Shahwan | Oct 22, 2024 | Wealth Management
Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) help people save on healthcare and have tax advantages. Health Savings Accounts (HSAs) HSAs let those with high-deductible health plans (HDHPs) invest pre-tax dollars in securities. Those investments...
by Daniel Shahwan | Dec 28, 2023 | Wealth Management
Good credit scores are beneficial for securing loans and mortgages with the lowest possible interest rates. This three-digit number reflects your trustworthiness to lenders based on various factors in your history. Since the credit scoring system protects both you and...
by Daniel Shahwan | Dec 22, 2023 | Wealth Management
The mindset of proper budgeting isn’t about magically avoiding debt, but it’s about responsible money management and discipline. Similarly, budgeting is not a sign of defeat nor shame, but it’s a preventative measure against financial distress. The crucial step toward...
by Daniel Shahwan | Nov 10, 2023 | Wealth Management
While often overlooked, long-term care planning can be among the most crucial elements of a comprehensive financial plan. Exploring the various types of long-term care with a financial planner helps create informed decisions that align with unique needs and...
