You’ve no doubt heard about the awesome and ubiquitous power of the “cloud.” It seems straightforward. You take everything on your computer, upload it to the cloud, and–poof!–you can access your data, photos or programs from anywhere. But what is the cloud? Where is it? It’s all a bit, well, nebulous.
Do your eyes glaze over when you heard the word annuity? When you imagine handing over a large chunk of money to an insurance company in exchange for promised income, do those glazed eyes turn into a death stare?
Your odds of becoming a millionaire aren’t what they used to be—they’re better. A record number of U.S. households have reached that enviable goal: At the end of 2016, 10.8 million households had a net worth of $1 million or more, not including their primary residence, reports the Spectrem Group. In fact, there were 1.6 million more millionaires in the U.S. in 2016 than there were in 2007, just before the stock market crash. What the market took away, the current bull market has restored—and then some.
If you don’t have many medical expenses now, in the long term you’ll be able to benefit even more from the tax advantages of an HSA. You’ll get a tax break for your contributions, then you can build up a tax-free stash of money to help pay for medical expenses in the future — even after retirement. Here are some things you may not know about HSAs, as well as some strategies to make the most of these plans.
The popularity of exchange-traded fund (ETFs) grows by the day. These baskets of stocks, bonds and other assets offer low costs, intraday tradability and plenty of diversification. They’re wide-scale investments at the push of a button. No wonder investors big and small, across the globe, have poured more than $4 trillion in assets into ETFs.