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Becoming and staying wealthy requires the right mindset and the willingness to devote time and energy to manage your finances.
If you had too much fun this summer, review and adjust your spending habits to get back on track. You also may want to review and revise your budget to meet your financial goals.
The joint owner will inherit the accounts without going through probate, which may not be your objective. The automatic transfer of assets may contradict your will and your intentions. Other children or heirs would be disinherited.
Money in an HSA is always yours and it stays with you if you change jobs, health care plans, or you retire. Once you are no longer covered by an HDHP you cannot contribute to your HSA, but it remains in place to cover future expenses.
Overconfident investors commonly, underestimate risks and over- estimate returns. They often also engage in market timing, excessive trading, and premature selling all of which generally lead to underperformance.
Fixed income provides a hedge against stock market volatility and short-term liquidity.