So, we've all heard about the amazing benefits of HSAs (triple tax-free!). But how do you actually invest the money once it's in there? We're breaking it all down for you in this episode. Link to our HSA video if you're not familiar with them in the first place: https://www.youtube.com/watch?v=MAfPLDc2ic8&t=425s

Key Topics:

• Health Savings Account Benefits (01:10)
• How to Design the Investment Allocation for an HSA (01:57)
• Invest Aggressive (02:35)
• Don’t Use the Health Savings Account for Medical Expenses (03:44)
• View Your HSA as a “Longterm Care Fund” (05:32)

Wrap-Up (06:39)

This Episode is intended to be financial education only and is not intended to be specific tax, legal, or investment advice. Please consult a professional for specific advice. Subscribe to our weekly planning insights newsletter: https://mdrnwealth.com/blog/ If you need specific advice you can contact us at Advice@mdrnwealth.com or at: https://www.mdrnwealth.com

This week, we're diving into a study conducted by Empower, which analyzes the median 401(k) balance by age. We'll break down the numbers, discuss strategies for catching up if you're behind, and explore ways to optimize your wealth if you're ahead of the curve.

Key Topics:

• The Empower Study: Median 401k Balances Across Age Groups (01:05)
• What to do if You Are Behind For Your Age Group? (06:12)
• Track Your Spending with the Correct Tools (06:27)
• Automate Your Retirement Savings (08:02)
• Strategize your Roth IRA or Backdoor Roth (09:46)
• What to do if You Are Ahead For Your Age Group? (10:15)
• Mega Backdoor Roth (10:44)
• Build Up Your Brokerage Account (11:13)
• Wrap-Up (13:21)

This Episode is intended to be financial education only and is not intended to be specific tax, legal, or investment advice. Please consult a professional for specific advice. Subscribe to our weekly planning insights newsletter: https://mdrnwealth.com/blog/ If you need specific advice you can contact us at Advice@mdrnwealth.com or at: https://www.mdrnwealth.com

In this episode, "The Hardest Part About Retiring Explained," we tackle what many folks find tough about switching from saving to spending in retirement. After years of saving up and watching your retirement fund grow, it hits you—you're retired and that regular paycheck stops. Suddenly, the thought of pulling money out of your savings feels all wrong. It's a big shift, and it scares a lot of people into either going back to work or just delaying retirement because they can't face that change.

Key Topics:

• Saver’s Mentality (02:09)
• Overcoming Saver’s Mentality (05:29)
• #1: Establish a Formal Retirement Plan (06:19)
• #2: Force Yourself to Take Money Out of Your Accounts (08:51)
• #3: Get an Accountability Buddy and Set Spending Goals (11:10)
• Bottom Line: It’s Okay To Spend Your Hard-Earned Money (12:57)

This Episode is intended to be financial education only and is not intended to be specific tax, legal, or investment advice. Please consult a professional for specific advice. Subscribe to our weekly planning insights newsletter: https://mdrnwealth.com/blog/ If you need specific advice you can contact us at Advice@mdrnwealth.com or at: https://www.mdrnwealth.com