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Top related persons:
Brennan Schlagbaum - 1 Erin - 1 Brennan - 1 Schlagbaum - 1 Erin Schlagbaum - 1 Dravet - 1 It's - 1
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IRAs Texas
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Search resuls for: "Dravet"


2 mentions found


☆ A 31-year-old millionaire who has 7 different types of investment accounts says that his HSA is 'my favorite by far' — and explains how he's using it to build long-term wealth
  + stars: | 2023-07-16 | by ( Kathleen Elkins | ) www.businessinsider.com   time to read: +7 min
Of all of his different types of accounts, his favorite is his health savings account (HSA). He and Erin, who own their primary residence in Texas outright, owe $12,000 in property taxes each year, so they send $1,000 a month to a high-yield savings account to cover that expense. High-yield savings accounts, which earn multiple times more than a traditional savings account, typically return between 3.40% APY and 4.25% APY. (That's if you're under 65; after 65, you can use your HSA money to cover any expense without incurring a penalty.) HSA accounts, unlike FSAs (flexible spending accounts, which are another type of account that can help with health care costs) don't have a "use it or lose it" policy.
Persons: Brennan Schlagbaum, Erin, Brennan, Schlagbaum, Erin Schlagbaum, Dravet, It's Locations: IRAs, Texas
☆ A couple in their 30s that paid off their $234,000 mortgage in 5 years and hit a net worth of over $1 million explain how they invest their money and why they only keep $10,000 in their checking accou
  + stars: | 2023-02-10 | by ( Kathleen Elkins | ) www.businessinsider.com   time to read: +6 min
Brennan and Erin Schlagbaum went from being deep in debt to a net worth of over $1 million. They also have two health savings accounts (HSAs), which let them contribute pre-tax dollars for health costs but can also be investment accounts and used to supplement their retirement accounts. Note that these accounts are called "taxable" because your investment income is subject to capital gains taxes. Accounts for their daughterBrennan and Erin have opened three investment accounts for their 16-month-old daughter: a Roth IRA, a brokerage account, and a 529 plan. The Schlagbaums have opened various investment accounts for their daughter.
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