Budgeting and Saving

Checklist: What Account(s) Should I Consider If I Want To Save More?

If you are working toward or interested in saving more, you may be wondering where to start.

Perhaps you…

• Received a bonus or a raise and need guidance on how to save or invest the additional cash;

• Have a tax refund coming to you; or

• Want to consider ways to save more this year.

Whatever the case, it is important to set your intentions and establish good habits to ensure you save for your financial goals.

Identifying available savings opportunities and prioritizing across accounts can be complex and overwhelming. For example, do you know whether you are eligible for and taking full advantage of pre-tax health care savings accounts, such as HSAs and FSAs? Are you optimizing your retirement savings, choosing between traditional and Roth options, obtaining the total amount of any employer match, and maximizing your contributions?

To help you spot ways to save more this year, we have a checklist that outlines strategies to consider when you have a surplus of cash or savings on hand.

While the checklist can help you identify different opportunities, we are always available to meet with you to discuss your finances and goals and determine what options best suit your unique circumstances.

Please remember that different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this content, will be profitable, equal any corresponding indicated historical performance level(s), or be suitable for you or your portfolio. Due to various factors, including changing market conditions, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this newsletter (article) serves as the receipt of, or as a substitute for, personalized investment advice from Allos Investment Advisors®, LLC.

The content of this letter does not constitute a tax or legal opinion. Always consult with a competent professional service provider for advice on tax or legal matters specific to your situation. To the extent that a reader has any questions regarding the applicability of any specific issue discussed in this content, he/she is encouraged to consult with the professional advisor of his/her choosing.

Published for the blog on February 22, 2023 by Allos Investment Advisors®, LLC.


12980 Foster Street, Suite 160

Overland Park, KS 66213

Copyright © 2024 Allos Advisors.

Form CRS                            Privacy Policy