Rich Habits Podcast

141: The 5 Financial Accounts You Need to Set up BEFORE 2026

Oct 27, 2025
Hosts explore the five essential financial accounts to set up before 2026 to maximize tax benefits. They highlight the importance of a High-Yield Savings Account for emergencies and offer insights on retirement accounts like 401(k)s and Roth IRAs. A Health Savings Account with triple tax advantages is discussed, along with the benefits of a taxable brokerage account for flexible investing. Additionally, they cover the advantages of 529 plans and the new Roth rollover rule. The episode wraps up with investment tips and a Q&A segment addressing financial concerns.
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ADVICE

Set Up Accounts Before 2026

  • Open the right financial accounts before 2026 to avoid leaving money on the table.
  • Do this now because tax and retirement rules are changing and delays cost compounding gains.
INSIGHT

Accounts Are Your Financial Infrastructure

  • Accounts form your financial infrastructure and determine long-term outcomes.
  • Missing the right accounts means losing free money, tax breaks, and compounding gains over decades.
ADVICE

Use A High-Yield Emergency Fund

  • Put your emergency fund in a high-yield savings account earning multiple percent APY.
  • Keep 3–6 months of expenses there and avoid using it for spending or investing.
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