By Maura C. Schauss, CFP
The day you become a parent is a day of overwhelming emotions. Joy at the sight of your precious child, relief that he or she made it out of the womb, and for many, fear and anxiety because you somehow have to turn that seven-pound little human into a happy and successful adult.
Identity theft often seems like a distant threat that only affects those careless with their financial information. However, identity theft occurs much more often than you may expect. According to a 2015 Identity Fraud Study conducted by Javelin Strategy & Research, there was a new identity fraud victim every two seconds in 2014, with $16 billion stolen from 12.7 million U.S. consumers.
In 2003, the government established Health Savings Accounts (HSAs) as a way for people covered under high-deductible health plans (HDHPs) to get special tax treatment towards saving money for medical expenses not paid for by their insurance. With an HSA, payers were able to receive a tax benefit for saving money to cover their deductible.