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HealthEquity Health Savings Account (HSA)

In the past, when it was time to enroll our medical insurance plan, we always selected the option with the least amount of premium and usually it was the HMO plan. For us, the decision was rather easy to make: Both of us are in good health and the only time of the year that […]

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Credit Card Checkout Fee

You may soon see a new fee on your credit card purchase receipt, if haven’t seen already, thanks to a $6 billion settlement reached last July between major credit card issuers and merchants. The proposed settlement was the result of an antitrust lawsuit filed against credit card transaction processors Visa, MasterCard, and other nine major […]

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Roth 401(K) or Traditional 401(K)

A few years ago, my wife’s employer started to offer Roth 401(K) together with the traditional, pre-tax 401(K) plan. At that time we decided to continue funding the pre-tax 401(K) account and not contribute to the Roth account for the same reason I used to not covert existing Traditional IRA accounts into Roth. As you […]

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Vanguard Traditional IRA to Roth IRA Conversion

I mentioned in my previous post that I have made some changes to how we invest our money this year and one of them was starting to contribute to Roth IRA accounts again, though we don’t qualify to make direct contributions. The advantage of Roth IRA over Traditional IRA has been discussed extensively, such as tax […]

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Online Savings Accounts with 1% APY or Higher

A couple of weeks ago, I wrote about the recent rate increase at Ally Bank which brought the yield of Ally Bank Online Savings Account from 0.89% to 0.95% APY. In that post, I also mentioned that these days, accounts with 1% APY or higher are hard to come by in this low-rate environment that […]

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Discover It Card Review: Cash Back Credit Card with Less Fees

Discover recently launched a new credit card called Discover It Card, a card that the bank says will change the way people think about credit card. Speaking of the way we think about credit cards, I think I am qualified to contribute to the conversation because I am a die-hard credit card user. For me, […]

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Rollover 401(K) Plan to Fidelity IRA Account

This time last year, I left my previous employer after nearly three years. With the new job, there were quite some changes in addition to new responsibilities at work. Among them, rolling over my old 401(K) plan to an IRA account was the last item on the to-do list and I didn’t do the rollover […]

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Chase Sapphire Preferred Card: How to Meet the Spending Requirement for Bonus Fast

OK, here’s the question: “How can I reach the $3,000 spending requirement for the 40,000 bonus points fast?” As I mentioned quite frequent here I am a credit card person, but I usually only get cards without annual membership fees because I don’t really see any extra benefits from those cards to justify the cost […]

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