WCI #379: Contributing to Your Non Dependent Adult Child's HSA
Aug 8, 2024
Discover the latest leadership changes at Vanguard and what they mean for investors. Explore the benefits of donating appreciated securities and real estate to charity. Learn strategic tips for contributing to your non-dependent adult child's Health Savings Account. Plus, hear personal stories about outdoor summer adventures and the joy of celebrating life's milestones over financial savings. This mix of financial wisdom and relatable anecdotes adds up to a captivating listen!
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question_answer ANECDOTE
Rafting Adventures with Family
Jim Bali shares personal rafting stories with his son involving rapids and swimming incidents.
These outdoor adventures highlight fun and the occasional mishap during family trips.
volunteer_activism ADVICE
Best Solo 401(k) Strategy
Choose a customized Solo 401(k) plan for better service, features, and mega backdoor Roth options.
Ensure you file Form 5500-EZ annually if your Solo 401(k) exceeds $250,000 to avoid heavy penalties.
volunteer_activism ADVICE
Career & Finance After Felony
Expect difficulties securing high-paying employment as a felon but honor your achievements and saved assets.
Carefully explore non-clinical MD roles, and use your saved investments to maintain financial stability during setbacks.
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Today we talk more about the new Vanguard CEO and Ascensus acquiring Vanguards's individual 401(k) business. We answer a few questions about DAFs and if appreciated securities are a reasonable alternative to DAFs. We talk about donating real estate to charity and then get into detail about contributing to your non dependent adult child's HSA.
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