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Tag: tax advantaged accounts

  • Ask Matt & Joel

Ask Matt & Joel: I just got a raise. How much should I increase my 401k contributions?

  • March 8, 2025
  • Tagged as: 401k, career, retirement investing, roth ira, salary raise, tax advantaged accounts

Today’s question comes from Javier in Gainesville, FL… “My question is about my 401k.  Let’s say I get a raise at work, and I want to put it into my 401k. But I want to…

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Avatar photo Joel
  • Ask Matt & Joel

Ask Matt & Joel: Can I use HSA funds to pay for healthcare premiums?

  • November 13, 2024
  • Tagged as: health insurance, HSA, index funds, retirement investing, tax advantaged accounts

Today’s question comes from Gabe in Cincinnati, OH!… “Hey guys, I have a question about our favorite investing vehicle, the HSA. My wife was talking to a co-worker the other day who is retiring early,…

2 Replies
Avatar photo Joel
  • Ask Matt & Joel

Ask Matt & Joel: Should I do a Roth conversion during a sabbatical year?

  • November 9, 2024
  • Tagged as: early retirement, Life Hacking, Roth conversions, roth ira, saving for retirement, tax advantaged accounts, year off work

Today’s question comes from Ariel in PA!… “Hey, Matt and Joel. This is Ariel calling out of Philadelphia, and I have a kind of unique situation this year where I decided to quit my job…

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Avatar photo Joel
  • Personal Finance

So You’ve Saved an Emergency Fund… Now What?

  • October 28, 2024
  • Tagged as: 401k, debt management, emergency fund, giving, roth ira, saving for retirement, tax advantaged accounts

Saving an emergency fund is an important milestone in personal finance. Having that cash buffer on hand is super important to protect yourself if/when things go sideways unexpectedly. Here’s the best bit. Once you’ve saved…

1 Reply
Brit DiTocco, Financial Writer at How To Money Britney DiTocco
  • Ask Matt & Joel

Ask Matt & Joel: Should I pay medical bills with my credit card or HSA directly?

  • October 15, 2024
  • Tagged as: credit cards, HSA, Life Hacking, roth ira, tax advantaged accounts

This question comes from Derek in Nashville!… “Hey, guys, I had a question today regarding HSA accounts. Is it better to pay for your medical expenses directly with your HSA account? Or should I pay…

2 Replies
Avatar photo Joel
  • Ask Matt & Joel

Ask Matt & Joel: Should I use my Roth IRA as an emergency fund?

  • October 11, 2024
  • Tagged as: emergency fund, HYSA, personal finance, roth ira, sinking funds, tax advantaged accounts

Today’s question was posted by Sandee in our HTM Facebook Group page… “Question about using your Roth IRA as an emergency fund… I’ve often heard that your contributions (if you were to withdraw them pre-retirement…

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Avatar photo Joel
  • Saving money

10 Ways Power Couples Save More Money

  • September 28, 2024
  • Tagged as: family finance, Financial Independence, marriage, personal finance, retirement investing, saving for retirement, tax advantaged accounts
power couples save more money header image

As soon as my wife and I moved in together, we started crushing it financially. And it’s not just because we had no kids at the time and split living expenses… We found out how…

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Joel O'Leary
  • Ask Matt & Joel

Ask Matt & Joel: How can I tap my Roth 401k in order to pay off some credit card debt?

  • September 20, 2024
  • Tagged as: backdoor Roth IRA, retirement investing, Roth 401k, roth ira, saving for retirement, tax advantaged accounts

Today’s question comes from Terry from Jacksonville, Florida… “Got an interesting Roth IRA question for you. I was considering cashing out an old Roth IRA account to clear some small debt from a credit card….

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Avatar photo Joel
  • Ask Matt & Joel

Ask Matt & Joel: Does my Roth 401k at work affect my Roth IRA contribution limits?

  • September 11, 2024
  • Tagged as: 401k, backdoor Roth IRA, index funds, retirement investing, roth ira, tax advantaged accounts

Today’s question comes from Katy who called into the podcast… “I have a question about Roth 401k. I have a TSA retirement plan through my company. And since this is a Roth from my company…

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Avatar photo Joel
  • Investing

6 Costly Mistakes to Avoid in Your 401k to IRA Rollover

  • August 10, 2024
  • Tagged as: 401k, Capitalize, rollover, roth ira, saving for retirement, tax advantaged accounts, traditional IRA
401k rollover mistakes header photo

As you move from job to job, one very important financial task is deciding what to do with your old 401k. Rolling it over into an IRA can be a smart choice. It gives you…

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Joel O'Leary
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