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Ask HTM - Alt Investment Considerations, Making the Most of Profit Sharing, & National Debt’s Impact on Your Portfolio #811
Apr 8, 2024
Topics include considering alternative investments, using HSA for medical bills, maximizing profit sharing, implications of national debt on portfolio, and paying off low-interest mortgages. Hosts offer practical financial tips and explore charitable giving campaigns.
54:52
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Quick takeaways
- Consider diversifying income streams with alternative investments for financial growth.
- Maximize HSA benefits by using credit cards for medical expenses and leaving funds invested.
Deep dives
Maximizing the Benefits of a Profit Sharing Plan
Profit sharing plans offer employees a chance to receive additional compensation when a company performs well. This can build morale and incentivize loyalty. While the amount accumulated in the plan, like Carl's $130,000 after 21 years, can vary depending on factors like salary and employer contributions, it generally represents an additional retirement savings opportunity. Vesting periods for profit sharing plans also play a crucial role in determining when and how much of the employer's contributions employees can keep.
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