Your Weekly Fisecal Vol 4
Happy Friday! It’s time for this week’s best personal finance articles, hand-picked by us. Check them out below:
1. New HSA Account Rules – U.S. News
“Health Savings Accounts have always offered a valuable triple tax break: Your contributions are tax-deductible (or pretax if through your employer), the money grows tax-deferred and you can withdraw it tax-free for eligible medical expenses at any time.”
“Stock investors are looking beyond present conditions toward what they believe will happen in the future — which they’re currently viewing with optimism.
The market is saying, ‘We know where we are today, but where are we going tomorrow?’ In this case, tomorrow is 2021.”
3. Money Mistakes Happen. Don’t Beat Yourself Up – NerdWallet
“Whether you’re working on being kinder to yourself, handling money better, or both, remember that it takes practice. Developing a healthy relationship with money is an ongoing process. Let this be a progressive journey.”
“As the Bureau of Labor Statistics detailed, survey-takers misclassified a lot of people—around 5 million—as employed but absent from work, rather than unemployed on temporary layoff. If you counted those people as unemployed, the jobless rate would have been about 3 percentage points higher on an unadjusted basis — or about 16%.
The April report said the unemployment rate would have been almost 5 percentage points higher—or approaching 20%. So both of these statements are true: the rate fell in May, and the real (unofficial) unemployment rate was higher than the given figure in both months.”
5. 5 Must-Know Investing Rules for Newbies – The Motley Fool
“Making the leap from saving in cash to investing increases your risk of loss, and that’s scary. But you can work around that fear. Be methodical in your approach. Contribute a consistent amount each month (to a 401(k) if you can), build a diversified portfolio, and keep your focus on long-term performance.”
Bonus: 18 Times Cats Proved They’re All Just Adorable Weirdos – Buzzfeed