Good Financial Reads: Year End Wrap-Up, Should You Use an HSA, and More

Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.

Catch up on some of the latest posts with this week's roundup:

Year End Financial Wrap-Up

by Michael Solari, Solari Financial Planning

The best way to kick off a new year is by tying up any loose ends from the previous year, which is especially true for your finances.

There are a few financial wrap-up tasks you can do at the end of the year to save you money (and headaches) in the year ahead:

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Should You Use a Health Savings Account (HSA)? 

by Jason Hamilton, KIS Financial Planning

You may or may not have heard of Health Savings Accounts (HSA’s). Many employers and state providers offer them. For you to qualify, you have to select what’s called a High Deductible Health Plan or HDHP. An HSA can possibly be an amazing way not only to save for medical expenses but you can also take the money out in retirement.

They are what’s called “triple tax-advantaged” in practice.

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8 Hidden Costs When You Buy a Home

by Mary Beth Storjohann, Workable Wealth

With your focus on building your down payment fund and figuring out what your mortgage payment will be, it’s easy to overlook some of the smaller fees that come along with a home purchase. Here are eight and what they could cost you.

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Binary Decisions are for Computers, not for Humans

by Eric Roberge, Beyond Your Hammock

We often act like we live in a binary world, where we have only two choices: 0 or 1. These binary decisions work for computers, but not for humans. Luckily for us, there’s a better way.

The more I speak with people about their finances, the more I realize how interesting humans really are. We tend to make things much more complicated than they have to be, and our brains tell us that in doing so we’re just being responsible.

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