What accounts should I consider if I want to save more?

When an individual has surplus cash on hand that they want to save for the future, it can be challenging to identify all the different account types to consider. This checklist provides a structured outline to guide conversations regarding available and appropriate saving strategies. It covers accounts across various categories including foundational savings, healthcare savings, retirement savings, employer-provided benefits, business owner savings, accounts to help future generations, tax-deferred insurance options, and other account considerations. By using this resource, individuals can better understand their options and make informed decisions to achieve their long-term financial goals.

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Robert J. Pyle, CFP®, CFA, AEP® founded Diversified Asset Management, Inc., in 1996 to provide personalized, comprehensive wealth management services to successful individuals, families, single women, and business owners. His specialty is addressing the complex financial needs of self-employed professionals, corporate executives, and small-business owners. Our disclosure can be found here. The views, opinion, information, and content provided here are solely those of the respective authors, and may not represent the views or opinions of Diversified Asset Management, Inc. Diversified Asset Management, Inc. cannot guarantee the accuracy or currency of any such third party information or content, and does not undertake to verify or update such information or content. Any such information or other content should not be construed as investment, legal, accounting, or tax advice.