Good Financial Reads: Common Financial Mistakes

Investments are an important component of a well-rounded financial plan. As a financial planner, I have seen a variety of investment mistakes that could have been prevented.  These mistakes are often based on emotions or lack of information.  Some investment mistakes can have serious long-term effects.  Below are a few common investing mistakes to avoid.

What if I told you that your next bucket list trip (in hopefully a post-COVID world!) could be paid for with pre-tax dollars in a tax-free, penalty-free and totally legal way?

Okay, now I have your attention 😊. I’ll show you how by the end of this blog, but first, I need to paint the picture.

A Health Savings Account (HSA) is one of the most underutilized accounts in personal finance. Some people don’t contribute to it and others do, but spend it each year.

If managed correctly, an HSA is a really powerful investment account that can be used to reduce your tax bill now and provide you with the flexibility to use the account throughout your life (and not only post-age 59.5 like most investment accounts).

Benefits Enrollment season… that lovely time of year where you have less than a month to get your life together (what changed from prior year?) and still meet all your big year end work deadlines.

Side note: This is one of the things I feel like Amazon did right by having a non-year end enrollment period 🙂 

There are probably 1000s of blog posts on benefits enrollment topics, but sifting through them means you might miss something big.  So instead of restating details on what each benefit means, I’m giving you the short twitter headline and a link to a great blog explaining the topic.