Money Checkup With Anjali Jariwala

Anjali Jariwala, CPA, CFP® is the founder of FIT Advisors. She works with physicians and business owners to build stable financial futures and use their money in ways that support their values.  “Give yourself a year-end checkup just to make sure that you’re set for not only this year, but set up appropriately for 2020.” KEY RESOURCES REFERENCED IN THIS EPISODE For more about P&C insurance, try Money Checkup Episode 20. For more on retirement plans for small business owners, try Episode 13. For more on life insurance, try Episode 16. To learn more about college savings options, read this blog post.  To better understand your small business’s financials, read this. EPISODE HIGHLIGHTS As soon as possible, revisit your retirement plan contributions. You can contribute up to $19,500 to a 401(k) in 2020, plus an additional $6,500 if you’re 50 or older.  Revisit your contributions to your HSA and deferred compensation plans. HSA limits for 2020 are $3,550 for individuals and $7,100 for couples, plus an