By choosing a Health Savings Account (HSA), you are betting on yourself… in a way. If you stay healthy, then with a typical health insurance plan you’re just out a lot of money. With an HSA, not only will you pay significantly less in premiums, but at the end of the year you have a nice deposit of up to $5,650 sitting in your account. Money which you didn’t pay any federal income taxes on, state income taxes (with the exception of four states) on, or social security taxes.Let’s say a 30-year old man with a family opens a Health Savings Account and has a high-deductible health plan that allows him to fund the account with $5,650 each year. If he takes $1,000 or less out each year for medical expenses, and earns a 10% return on his money, he’ll have $1,422,878 when he retires.The best way to accumulate this much money in your HSA is to stay healthy, so that you don’t need to access your funds to pay for medical expenses. The good news is that the vast majority of diseases and disorders people have are the direct result of their lifestyle choices. High blood […]
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I know you have heard a lot of hype about chocolate lately. It’s good for you, right? Well, that’s the buzz anyway. So we can eat chocolate candy without guilt now, right? WRONG. Cacao, the chocolate bean, has the highest antioxidant value of any food on the planet. (The Healthy Chocolate Desk Reference, Warren, Steven M.D., D.P.A.) But watch out for processed chocolate or milk chocolate. Unprocessed cocoa is full of nutrients but processing chocolate destroys them. The cocoa bean is teeming with phytonutreints, antioxidant compounds found in plants, and science is extolling the virtues of phytonutrients in the latest scientific research. Antioxidants are the workhorse of the vitamin and nutrient regimen. When cells use oxygen to make energy, a byproduct of this process is the formation of free radicals. These are cells which are missing an electron from the molecule. Dr. Steven Warren, M.D., D.P.A., writes in his book, The Healthy Chocolate Desk Reference, “Most people recognize that cancer is one disease associated with abnormal cell duplication due to oxidative damage, but the effect of free radicals has been linked to more than sixty diseases, including cancer.The following are some of the primary […]
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No one can predict the future. Accidents, sudden cardiac arrest or any such unfortunate incident could cause your untimely demise. As the elder in the family you have a veritable responsibility to take care of your family and protect them. A Life Insurance Policy can provide your family with the required financial security in such exigencies.
This does not mean that your life insurance policy only provides financial support to your family at real time. Even when no such unfortunate event occurs, you will have the tax benefits and several other schematic benefits covered by your policy. However, the main advantage always is the financial benefits that accrue on the legal heirs and successors in interest in case of untimely death of the insured person.
Insurance could be a permanent insurance or a term life insurance. While the former covers your entire life till the date of maturity of the policy, the later provides coverage for a specific period only. In any case, life insurance is an essential component of your financial planning.
You may think that obtaining an Insurance Policy, especially a whole life insurance may be very difficult. Filling out the format or enrollment under […]
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