Jillian Nel

Personal Finance, Retirement, Insurance
“Jillian Nel, a CERTIFIED FINANCIAL PLANNER™, directs a financial planning practice for Legacy Asset Management, Inc. Jillian is committed to educating and empowering clients and the general public about the importance of financial planning.”

Legacy Asset Management

Job Title:

Principal & Director of Financial Planning


BS, Business Administration, University of Colorado at Boulder

Assets Under Management:

$340 million

Fee Structure:


CRD Number:


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December 2017
December 2017
February 2018
December 2017

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Are there disadvantages to having both a flexible spending account (FSA) and a health savings account (HSA)?
100% of people found this answer helpful

No it should not since you will be using your FSA funds for different expenses.  The government doesnt want taxpayers double dipping by using the FSA to pay for medical expenses and then using the same expenses as justification for a reimbursement from an HSA.  Use your FSA for your healthcare expenses and your wife can use her HSA for her expenses.  

An even better strategy would be to maximize contributions into the HSA and not use the funds for any healthcare expenses until retirement (so long as cash flow permits this savings expense).  Let the funds accumulate and grow over time.  Most HSAs have the option of investing a portion into a set of mutual funds or other diversified holdings. I recommend you dont invest it all, leave some in cash to the tune of a2 years or so of deducitibles in case you have a medical emergency.  As this money grows overtime in the HSA - you will create a tax free (tax exempt growth as well) bucket to draw off of in retirement for health care related expenses.  You will never have too much in an HSA with the projected cost of healtcare in retirement.  


3 weeks ago
    Retirement, Social Security
How do I determine the expected benefit amount I will receive from Social Security if I retire at 59.5 years old instead of the projected 67 years old?
50% of people found this answer helpful
March 2018
    Retirement, Retirement Savings, Retirement Living
How much money should I withdraw from my retirement account to live comfortably?
36% of people found this answer helpful
September 2017
    Retirement, Social Security
I am currently receiving disability and survivor benefits; will the amount I receive change when I reach retirement age and am eligible for Social Security?
33% of people found this answer helpful
February 2018
    Lifestage Based Planning
How will my widow's pay be impacted by a profit-sharing check that I received in 2017 that put me over the yearly income limit by $2,000?
33% of people found this answer helpful
February 2018