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HSA: A Tool for Retirement Savings!
Since we’ve had Open Enrollment on the mind, let’s take a deeper dive into the Health Savings Account! Specifically, how we can use it as a “look back” in order to reimburse ourselves for old medical expenses, and also as a “look forward” as a tool in order to build wealth for retirement! If you’re…
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Health Insurance Benefits: FSA vs HSA
Let’s talk Health Insurance Benefits! It’s nearly that time of year where we sit down and decide our health coverage for next year, otherwise known as Open Enrollment. If you’re lucky enough to have health insurance benefits through your employer, during Open Enrollment, you may be presented with a variety of plans that your company…
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How the updated WA State Charity Care Law may save you from medical debt!
Let’s talk medical costs! ICYMI, as of July 1, the Charity Care Law in WA State has been updated to include many more households in eligibility for financial assistance for out-of-pocket medical costs. Half of WA State residents (about 4M people!) are now eligible for free or discounted hospital care. Read below to learn about…
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Student Loan Debt: Borrowers in default—there’s hope!
Lately we’ve been on a Student Loan debt roll! So much new information is coming out! Let’s talk about when forbearance ends, who is most vulnerable to default once it does end, and what to do it you were already in default before the recent changes took place–there’s hope! As we know, Student Loan forbearance…
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Student Loan Debt Forgiveness part II: Time Sensitive!
Staying on the Student Loan Debt train, I wanted to send out the TIME SENSITIVE Student Loan Forgiveness info below! There are only TWO MONTHS left to apply for a Waiver in the Temporary Public Service Loan Forgiveness (PSLF) Expansion! Also below! Forgiveness opportunities for non-public service workers which require action BY THE END OF…
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ICYMI: Federal Student Loan Forgiveness!
BIG news on the Student Loan Debt front! Huge! As in first-time-in-US-History event! President Biden announced on August 24th that $10K in Student Loan Debt would be completely forgiven for individuals who hold Federal Student Loans, and $20K in Student Loan Debt will be completely forgiven for those with debt from PELL Grants. Student debt, which…
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New Tax Credits That Are Good for the Environment!
ICYMI, a new bill called the Inflation Reduction Act was signed into law on 8/16/22. 3/4 of this $437B bill is focused on reducing climate change, making it the largest investment in this area in US history. The Wilderness Society (around since 1935) is calling this bill a “breakthrough” on climate policy. If you’ve been…
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An Excellent Tool for Your Savings Goals: Sinking Funds!
What is a good way to pay for Summer Travel..or any short-term Savings Goal? Use something called Sinking Funds! If you’re unfamiliar, “Sinking Funds” is a term that comes from the corporate business world and is essentially a way of splitting a financial goal up into manageable chunks. This is also a good one to…
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Summer Travel Hacks!
With this mini heat-wave we’re experiencing right now in Seattle, it finally feels LIKE SUMMER IS HERE! Let’s talk paying for Summer Travel! Read below for a few tips on doing Summer Travel right. As temps keep climbing, you may have noticed so do the prices on everything lately, leaving 69% of people who had…
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ICYMI: Settled Medical Debt is Leaving Credit Reports!
Touching on “The Privilege of Paying for our Health” last week brought me a to a new update in the medical/financial realm: Settled Medical Debt is leaving Credit Reports starting this month! This is huge, as Medical Bills are not only the current #1 cause of bankruptcy, but even if they were eventually paid, they…
