Finance and health are two overarching topics that go hand in hand in their complexities and importance. Because of this, in 2021, Investopedia and Verywell—two of the largest educational leaders in their respective fields—came together to answer your biggest financial and healthcare questions at Your Money, Your Health, a summit that covered health and finance industry developments following the height of the COVID-19 pandemic, and the global impacts felt by consumers.
On Oct. 20, 2022, Investopedia, Verywell Health, and Parents are coming together to do it all again. This year, the live summit, Your Money, Your Health: Planning For Your Future, will explore planning and paying for different stages of life, including starting a family, investing for retirement, and seeking medical care as costs rise and technology moves our world quickly forward. The panels include:
- Budgeting for Baby @ 1 p.m. EDT, moderated by Parents Editor-in-Chief Grace Bastidas & Verywell Health Chief Medical Officer Jessica Shepherd, M.D.
- The New Rules of Investing for Your Family’s Future @ 1:50 p.m. EDT, moderated by Investopedia Editor-in-Chief Caleb Silver
- Paying for Healthcare At Every Age @ 2:45 p.m. EDT, moderated by Verywell Health Chief Medical Officer Jessica Shepherd, M.D. & Investopedia Editor-in-Chief Caleb Silver
- How Health Tech Impacts Providers, Patients, & Investors @ 3:30 p.m., moderated by Verywell Health Chief Medical Officer Jessica Shepherd, M.D. & Investopedia Editor-in-Chief Caleb Silver
This page serves as a resource to you, our readers, answering questions about the event itself, as well as related topics of planning financially for a family, for retirement, and for the emerging future of health care.
When and where is the event?
Your Money, Your Health: Planning for Your Future will take place on Thursday, Oct. 20, 2022. The event is virtual and available to watch from anywhere! It will begin at 1 p.m. EDT, and continue until 4:30 p.m. EDT. If you are in the New York City area, there is also an option to join us live for the event, but spots are limited. Register now to save your spot!
What can I expect from Your Money, Your Health: Planning for Your Future?
The 2022 Your Money, Your Health event will be all about planning for the steps in life that impact both your finances and health in a big way, such as starting a family, retiring, and managing the rising cost of health care. It will be hosted by Caleb Silver of Investopedia, Jessica Shepherd, M.D. of Verywell Health, and Grace Bastidas of Parents, as well as feature several experts across relevant fields. Topics attendees will learn about include health and financial preparation for new families, how to plan fiscally for retirement, and the emerging health and finance tools that will play a role in all of our futures.
Why is this event taking place?
The Investopedia Financial Literacy study found all generations have eyes on retirement and saving for the future, but many want (and need) more guidance. Plus, not only are most decisions money decisions, many also impact your health, how you pay for care, or how you take care of your family. The experts of Investopedia, Verywell Health, and Parents, as well as featured panelists, can help as a recession looms, the pandemic continues, and the world rapidly changes.
How can I register for the event?
Registration is now open for both virtual attendance and in-person for those in the greater New York City area. Visit this page to reserve your spot—live event tickets are limited! Once you are registered, you will receive email updates and calendar reminders as the event date nears.
How much does the event cost?
Your Money, Your Health 2021
Planning for Retirement
A 401(k) plan is a company-sponsored retirement account to which employees can contribute income, and it's typically offered by most companies in the U.S. With a 401(k), you agree to have a percentage of each paycheck paid directly into an investment account. The employer may match part or all of that contribution, giving you an extra opportunity to put funds toward retirement.
A tax credit is an amount of money that taxpayers can subtract directly from the taxes that they owe. Tax credits reduce the actual amount of tax owed, unlike deductions, which lower the amount of taxable income. The value of a tax credit depends on the nature of the credit; certain types of tax credits are granted to individuals or businesses in specific locations, classifications, or industries.
Vesting is a legal term that means to give or earn a right to a present or future payment, asset, or benefit. In the context of retirement plan benefits, vesting gives employees rights to employer-provided assets over time. It can be seen as an incentive for employees to perform well and remain with a company.
Health insurance is a contract that requires an insurer to pay some or all of a person's healthcare costs in exchange for a premium. More specifically, health insurance typically pays for medical, surgical, prescription drug, and sometimes dental expenses incurred by the insured. It is often included in employer benefit packages as a means of enticing quality employees.
The healthcare sector consists of all businesses involved in the provision and coordination of medical and related goods and services. It is one of the largest and most complex sectors of the U.S. economy, accounting for 18% of gross domestic product (GDP).
A retirement planner is a financial planner who specializes in helping people to prepare a retirement plan that works best for them. These professionals focus on what the client’s needs will be once they stop working, taking into consideration how much they wish to have, where they live, and other important financial metrics. This means not only ensuring that retirees have a big-enough pension to live comfortably, but also addressing other requirements such as estate planning and insurance.
Family and Medical Leave Act (FMLA)
The Family and Medical Leave Act (FMLA) is a labor law, enacted in 1993, that protects the jobs of employees who need to take a leave of absence for personal or family reasons.
High-Deductible Health Plan (HDHP)
A high-deductible health plan (HDHP) has a health insurance plan with a sizable deductible for medical expenses. An HDHP usually has a larger annual deductible (usually four figures) than a typical health plan but charges lower monthly premiums. Plans fully cover routine preventive care, which means that individuals aren't responsible for copays or coinsurance.
U.S. Department of Labor. "The Family and Medical Leave Act of 1993."