ningmenggege@outlook.com - Young Wealth Building

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Public Service Announcement: ACA Open Enrollment for 2024 Ending for Most on January 16, 2024

By ningmenggege@outlook.com
February 24, 2024
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3 min read

Affordable Care Act 2024 open enrollment is scheduled to close January 16th 2024 and a record number of Americans have already signed up for an […]

Blog

Is it Possible to Transfer Funds from an FSA to an HSA?

By ningmenggege@outlook.com
February 24, 2024
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2 min read

Recent years, our household has transitioned from an HDHP with an HSA to one without an HSA; having saved for several years previously and accumulated […]

Blog

Essential Information and Common Questions about Flexible Spending Accounts (FSAs) in 2024

By ningmenggege@outlook.com
February 24, 2024
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1 min read

This FSA overview has been revised with information for the 2024 tax year. While I’ve written extensively about health savings accounts (HSAs), I also want […]

Blog

Prevent FSA Fund Loss: A Compilation of Eligible Medical Expenses

By ningmenggege@outlook.com
February 24, 2024
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3 min read

This FSA-eligible qualified medical expense overview for 2023-2024 tax years has been updated with information for these tax years. Like health savings accounts (HSAs), healthcare-related […]

Debt Management

Considering Contributions to a 401(k) or IRA While in Debt: Applying the 5% Cutoff Rule

By ningmenggege@outlook.com
February 24, 2024
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1 min read

One of the most frequently discussed financial topics at work lunch-room tables (and anywhere, really) centers around saving for retirement versus paying off debt. Topics […]

Debt Management

A Perspective on Credit Card Debt That Should Motivate You to Overcome It

By ningmenggege@outlook.com
February 24, 2024
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2 min read

Current average APR for credit cards stands at 17.69% (with many exceeding 20%). Assuming monthly compounding balances, the effective APR could rise nearly one percentage […]

Debt Management

The Inverse of Compound Returns

By ningmenggege@outlook.com
February 24, 2024
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1 min read

At an earlier point in time, I shared why compound investment returns can make such an impactful statement about saving. Here’s what I calculated in […]

Credit Cards

Obtain a Complimentary Sam’s Club Membership through AmEx

By ningmenggege@outlook.com
February 24, 2024
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2 min read

Update: unfortunately, AmEx no longer offer free membership of Sam’s Club; however, they do provide 50% off membership offers that you may find more suitable. […]

Credit Cards

Is It Wise to Close an Unused Old Credit Card?

By ningmenggege@outlook.com
February 24, 2024
0 comments

2 min read

Have an old credit card that’s just sitting around, unused? Have you found yourself asking “should I close down that old card”? Emily from 20somethingfinance […]

Credit Cards