Blake Feldmann, CFP - Militello Wealth Management

08/19/2025

One of the most powerful financial tools I see overlooked are HSA's.

They're typically used as a way to cover current healthcare costs, but when used strategically, it can also serve as a powerful retirement planning tool!

Here’s why:

✅ Unique Tax Benefits – HSAs give you a triple tax advantage:
1. You get a tax break when you put money in.
2. Your savings grow tax-free.
3. Withdrawals for medical expenses are tax-free.

✅ Growth Potential – Many HSA's let you invest your balance, giving your savings the opportunity to grow over time.

✅ Healthcare in Retirement – Healthcare is often one of the largest expenses in retirement. Fidelity estimates that the average couple will spend around $300,000 on medical expenses after they retire.

The Takeaway:
Think of an HSA as more than just a healthcare account. It’s a smart, flexible tool that can strengthen your retirement plan. By saving consistently and investing wisely, your HSA can help cover tomorrow’s medical costs and give you extra financial security in retirement.

02/28/2025

Please share this information with any retired teachers you know. The Social Security fairness act may make you now eligible for social security benefits you previously were phased out from receiving because of your pension. Even if you never worked in the private sector, if your spouse did you may be eligible for spousal benefits! Spousal benefits do not impact any benefits your spouse receives and are eligible for widows & divorcees (under certain guidelines) as well. If you were previously denied social security benefits due to your pension, you need to reapply. If you're already receiving social security benefits, any increase you're eligible for will happen automatically and no further action is needed. If you have questions, I'm happy to talk about this in more detail.

President Joe Biden signed the Social Security Fairness Act into law before he left office in January. Here's who may see a boost to their benefits and when.

02/06/2025

Have you thought about how your savings strategy is setting up your retirement? Your taxes in retirement, as well as the cost of health insurance or Medicare can all be impacted by how you're currently saving. Proper planning can pay huge dividends down the road!

07/25/2024

Back to school is right around the corner! Do you plan to help your child or grandchild pay for college? I, along with your tax professional, can help you evaluate how to take advantage of the tax code to save more.

Use the tax code to your benefit for a loved one’s education

05/29/2024

Today is National College Savings Day! Learn how a 529 plan can help you save for tax-advantaged investing, education, estate planning and more.

Learn the ins and outs of 529 plans.

05/12/2024

Sharing love and gratitude with all moms today. Happy Mother’s Day!

05/02/2024

Are you and your partner aligned on your retirement goals? According to a new research study from Ameriprise Financial, 93% of couples have shared goals for retirement and overwhelmingly trust their partner on money matters.

04/12/2024

As the first quarter of 2024 ends, Ameriprise Financial experts share the key themes they believe will drive market and economic conditions in Q2.

04/08/2024

Saving is a habit, not a destination. In honor of , let’s review your financial plan and make sure you’re optimizing your savings.

02/27/2024

Did you know that leaving an employer isn't the only time you can move your retirement savings? You can roll your 401(k) fund into an IRA at any time – even while still employed at the same place. Let’s discuss if this strategy fits with your broader retirement savings plan.

Are there financial benefits to working while in retirement? Learn how your earnings could affect Social Security benefits so you can make an informed decision.

02/15/2024

Find out why returns on cash investments will likely fade in 2024 and where similar yields may be found instead.

01/10/2024

How you save for retirement and how you take income during retirement can have a huge impact on your taxes! Proper planning can help lower how much you pay Uncle Sam, lower Medicare costs, and give you peace of mind! If you're not sure what your income should look like in retirement, give me a call. It's never too early or late to have a plan.

Many decisions and variables impact retirement income, including taxes. Answers to 6 key questions.