Scott Krase, Author at Common Financial Sense

How to Increase Your Retirement Savings and Decrease Your Taxes with HSA’s (Health Savings Accounts)

October 29, 2019

Health savings accounts offer another way to help investors save for retirement. An HSA is a tax-favored account that works with an HSA-qualified high-deductible health insurance plan. HSAs can be a powerful health care planning tool, but they’re frequently overlooked as an effective way to help save for retirement. How HSAs Function Despite being available […]

Planning Strategies

How to Protect Your Family’s Future by Asking 2 Important Questions

October 12, 2019

For most people, deciding on the life insurance they need for themselves and loved ones is like getting a tooth pooled without any anesthetic. This educational article was created so you can Make Life Insurance Simple. It comes down to knowing how to anticipate and manage risk. It’s a skill that’s even more important when it comes […]

Planning Strategies

The Top 6 Things You and Your Family Need to Know About Elder Law

September 25, 2019

There are now more than 40 million Americans over the age of 65, and that number is increasing at a steady pace. With greater longevity, the availability — and complexity — of federal programs created to assist the aging population is also growing. That’s where an elder law attorney can help. An elder law attorney, sometimes […]

Planning Strategies

The #1 401(k) Problem for Small Business Owners

September 10, 2019

The business and economic cycles have a major impact on how you make decisions. So knowing that the yield curve inverted, what the stock market is doing and the what the 3-month average for the non-farm payrolls says is very important. However, generating profits is the main goal and that takes up probably 90% of […]

Planning Strategies

Retirement and Protection

September 3, 2019

Will Your Gains Be Overwhelmed by Inflation and Taxes? In an uncertain economic environment, many consumers are seeking fixed rate products like certificates of deposit (CDs) for security. While benefits such as short-term durations and a guaranteed interest rate can be appealing, two factors are often overlooked that can negatively impact a conservative fixed rate: […]

Financial Wellness

11 Money Habits to Follow for Millennials and Gen X, Y, Z’s

August 10, 2019

A person in their 20’s is a time of great opportunity—starting a career, advancing your education, living in a place of your own, perhaps meeting a life partner. This is a critical time for a young person to create good financial and investment habits upon which to build a strong foundation for the rest of […]

Planning Strategies, Uncategorized

Reverse Mortgages: Separating Myth from Reality

August 7, 2019

Reverse mortgages get quite a bit of coverage from the media—much of it negative, and not without reason. For Retirees, Home Equity can be their largest asset. Accessing that asset in retirement can be a challenge when income is lower. This isn’t new, The Federal Government has tried to assist Retirees in this report for […]

Planning Strategies

What Steps Have You Taken to Minimize the Cost of Long-Term Care Insurance?

June 18, 2019

Long-term care can be very expensive for many people. The facts are somewhat sobering: A person turning 65 today has a 52% chance of needing LTC at some point; 14% of LTC patients need care for more than five years. And at an average of $100,000 a year for a private room in a nursing […]

Planning Strategies

How Business Owners Can Quickly and Easily Retain Talented Employees With “Beyond the 401(k) Strategies”

May 13, 2019

Attracting, retaining and rewarding key employees can be challenging. As business owners, you may know first hand just how hard it can be to hold on to top employees. But since they are vital to the life of every business, keeping them committed is essential. Loyal employees are hard to come by, and with recruiting […]

Planning Strategies

The 8.5 Steps Toward Ensuring Your Estate Plan is in Order

May 2, 2019

A lot of my meetings cover the important topics investors neglect. I hear the phrase, “I didn’t know, what I didn’t know” frequently. This means that complacency or putting important tasks off can potentially hurt your retirement, but also your life planning and legacy. Putting together a comprehensive retirement or financial plan covers topics […]