HSAPAY's week 5 of 30 funding for Baby Plan
Feb 06, 2023 8:57 pm
Welcome back ,
Here's HSAPAY's weekly update for February 5th, 2023
- Does a US Winter thaw in the market have Punxsutawney Phil seeing early green with a pullback in the US Dollar
- Healthcare spent $18B in 2022 in administrative tasks will this impact your coverage?
- Financial Advisors are rushing to educate clients on HSA's and 529s
- Hoping for a big Tax return don't keep your fingers crossed
- Adding 10% to your HSA with SPYI ETF
- Stocks start the week falling with higher rates
- 35% of millionaires say retirement is 'going to take a miracle,' report finds
- Morgan Stanley says Disney can surge 35% as a strong consumer drives park revenue
- Equal-Weight Cloud Computing ETF WCLD Hits Buy Signal
- Ross Beaty: Gold Fundamentals Terrific, Set to Blow Through Previous High
Does a US Winter thaw in the market have Punxsutawney Phil seeing early green with a pullback in the US Dollar
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With the Fed raising interest rates by another .25% to tame inflation the US Dollar strength rebounded to close the week up 1.23%. This may have a direct impact on Risk assets like precious metals in the weeks to come. #hsapay | ||
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🗒️ Healthcare Spent $18B More on Administrative Tasks in 2022 Than Year Prior
The U.S. healthcare system spent $60 billion on administrative tasks last year, which is about $18 billion more than it spent in 2021, according to a new report.
There are a couple reasons for this — the workforce shortage and Americans’ increased utilization of healthcare services.
Financial Advisors are rushing to educate clients on HSA's and 529s
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Advisers are most interested in adding HSAs, 529s and emergency savings accounts to their offerings, according to a survey by small plan provider Vestwell. | ||
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Hoping for a big Tax return don't keep your fingers crossed
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If you're expecting a tax refund, it may be smaller than last year's payment, according to the IRS. Here's why. Maxing out your HSA will increase your chances of a bigger return. #hsapay #taxreturn #2022 | ||
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🗒️ Adding 10% to your HSA with SPYI ETF
U.S.
equities face several challenges this year with economic slowing and recession risk looming on the near horizon, elevating the need for more tactical exposure to equities in 2023.For advisors and investors seeking income within equities, the NEOS S&P 500 High Income ETF (SPYI) is worth serious consideration given its performance this year and [...]
The post SPYI, a High-Income ETF Within Equities, Up 10% YTD appeared first on ETF Trends.
🗒️ Stocks start the week falling with higher rates
U.S. stock were lower to start trading as investors awaited more earnings and an important speech from Federal Reserve Chairman Jerome Powell. Will US T-bills be the best savings return for your HSA.
🗒️ 35% of millionaires say retirement is 'going to take a miracle,' report finds
Fewer Americans, including millionaires, feel confident about their overall financial well-being. Healthcare risks and costs are the growing concern for many potential retirees as the risks of growing inflation threaten their nest eggs. Have you spoken to your Financial Advisor about how your HSA can make a difference.
🗒️ Morgan Stanley says Disney can surge 35% as a strong consumer drives park revenue
Morgan Stanley analyst Benjamin Swinburne reiterated his overweight rating for Disney, predicting an upside of 35% in a bullish scenario.
🗒️ Equal-Weight Cloud Computing ETF WCLD Hits Buy Signal
Are markets swinging back towards tech?
The latest Fed meeting and 25 basis point hike, combined with the S&P 500 up 9% over the last month, suggest that the central bank may be getting closer to pulling off a “soft landing.
”Should tech continue to bounce back, recently hitting its best level since August, an [...]
The post Equal-Weight Cloud Computing ETF WCLD Hits Buy Signal appeared first on ETF Trends.
🗒️ Ross Beaty: Gold Fundamentals Terrific, Set to Blow Through Previous High
At the Vancouver Resource Investment Conference (VRIC), Ross Beaty, a renowned entrepreneur in the mining sector, expressed his optimism for gold in 2023. He pointed to the strong US dollar as responsible for gold's lackluster performance in 2022, yet he noted the many factors that should be supportive of gold, such as large stimulus packages, inflation, and geopolitical tensions. He concluded, “I'm very confident gold's going to blow through its previous high and sail into new territory, probably this year."
" Watch the interview above for more from Beaty on gold, silver and Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX).
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
Enjoy,
frank
