1. Should I increase my car insurance deductible?
Like any insurance, the higher your deductible, the lower your premiums. But the question is how much of a deductible is reasonable? There are two types of coverages that call for a deductible: comprehensive and collision. Comprehensive coverage protects you from things like theft, natural disasters, and other non-crash related accidents while collision coverage protects you from car accidents. Here is a short list of things to consider when deciding whether to increase your insurance deductible to lower your premiums.

1. I just started at Kaiser, how can I maximize my benefits?

1. What if I have a $1 million 401k, can I convert that to a Roth IRA?
This was a real question, but a hypothetical what-if scenario to understand the Roth IRA conversion limitations. The answer is yes, you can convert a $1 million 401k to a Roth IRA. In fact the IRS would love for you to convert a large 401k to a Roth IRA because like any conversion you would have to pay tax on the converted amount and that would be a revenue generator for the IRS. Once converted and held for 5 years, the benefits are the same as a regular Roth IRA - tax-free growth, ability to withdraw your money without tax or penalties, and of course no RMDs. So why would the IRS love such a thing? Because the IRS is shortsighted; they see the immediate tax revenue as a boon, not recognizing that they will never be paid on that money again.

1. What is a HSA and do I need one?