Health Savings Account; Better Than a Roth IRA

KEY TAKEAWAYS: Thanks to an upfront tax deduction and tax-free growth, HSA accounts are better than Roth IRAs. Maximizing your annual HSA contribution and delaying reimbursement of your medical expenses…

Year-End Tax Planning Considerations

…high to fund a Roth IRA directly, you may be eligible to contribute via a backdoor Roth IRA by converting your traditional IRA assets to a Roth IRA. Note: This…

Maximize Your Savings Dollar

…such as an employer’s retirement plan, IRAs and taxable accounts, Health Savings Accounts, Deferred Compensation and Stock Purchase Programs. The amount of excess savings available and frequency of savable dollars-annual…

2017 Year-End Planning

…contribute through a backdoor Roth IRA. Fund your child’s Roth IRA. If they have earned income, you can fund a Roth IRA up to their earned income or $5,500, whichever…

Eight Facts About Health Savings Accounts (HSA)

With the continued increase in health insurance cost, many employers and self-employed individuals are using high-deductible health insurance plans combined with a Health Savings Account (HSA). HSAs can be a…

Three Ways the SECURE Act May Affect You

…siblings of the deceased. These non-spousal beneficiaries must begin taking distributions on the accounts regardless of if it is a traditional IRA or a tax-free Roth IRA. The traditional tax-deferred…