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What is a HSA (Health Savings Accounts) and how does it work

WEBHealth insurance is one of the most expensive line items on the budget. It can lead many people who are struggling financially to go without. Unfortunately the risks of going …

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What Is A Flexible Spending Account (FSA)

WEBA flexible spending account, also known as an FSA, is a type of savings account that you can contribute to tax-free and use to pay for some out of pocket …

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Understanding Life Insurance Retirement Plans (LIRP)

WEBA life insurance retirement plan (LIRP) is a policy with a cash value feature that you can treat as an investment, and fund over time. Through it, you can build up a …

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Qualified Longevity Annuity Contract (QLAC) Guide

WEBA QLAC is a type of deferred annuity that is funded with an investment from a qualified retirement plan like a 401 (k) or via a traditional IRA. QLACs were introduced in …

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How Does Medical Debt Affect Your Credit Score

WEBMedical debt is a chronic problem in America and according to the CFPB, Americans had $88 billion in medical bills on their credit reports in 2022.This includes …

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How to Avoid Taxes on Your RMD · Know Better Plan Better

WEBContribute to Roth accounts. One way to avoid RMDs and the associated taxes is to contribute to a Roth IRA. Distributions from a Roth IRA are tax-free if the five-year rule …

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What Is a Medial Power of Attorney

WEBA medical power of attorney is a legal document that grants permission to a person of your choosing to make medical decisions on your behalf if you are rendered unable to do so. …

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Borrowing From 401k: Everything you need to know

WEBBy law, 401 (k) loans are limited to $50,000 or 50% of your account balance, whichever is less, within a 12-month period. However, the actual maximum amount you …

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What is a Beneficiary & How to Choose One

WEBA beneficiary is the individual or entity you name to receive a certain asset. You don’t have to choose a close relative as a beneficiary — it could be a friend, business partner or …

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Traditional vs. Roth IRA · Know Better Plan Better

WEBTaxes. Similarly to a 401 (k), an IRA allows you to save for retirement by investing money in a variety of stocks, bonds, and funds. Both traditional and Roth IRAs have tax …

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What Is a Certified Check

WEBThe main difference between a certified check and a regular check is that a certified check goes through a certification process on the backend from your bank. Before the check …

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Defined-Benefit vs. Defined-Contribution Plan

WEBDefined benefit plans are what most of us would think of as a traditional pension plan. Defined contribution plans include the popular 401 (k) plan as well as 403 …

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Long Term Care Insurance Explained · Know Better Plan Better

WEBLong term care insurance is intended to help you pay for the high cost of skilled nursing as you get older. This might include in-home nursing, assisted living and adult day care, or …

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About Us · Know Better Plan Better

WEBKnowledge produces wisdom produces success, and we at "Know Better Plan Better" make this knowledge accessible to you with the help of a professional writing team.

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Asset Allocation Guide

WEBThis is because the asset allocation in this type of portfolio is typically fairly well balanced between stocks and fixed income and cash. This portfolio might have an …

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Best Life Insurance Companies for People Over 50

WEBAARP offers permanent and term life insurance policies with no exam, to association members or their spouses between the ages of 50 and 80. Coverage is available from …

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How to Find a Lost Life Insurance Policy

WEBOnce you get access to your loved one’s bank accounts, check their account and credit card statements for any premium payments. Look at 12 months of records, at a …

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Mortgage Brokers: Everything You Need To Know

WEBA mortgage broker is a licensed and regulated financial professional who acts as an intermediary between a potential home buyer and potential lenders, who are …

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