A Health Savings Account (HSA) is a tax-advantaged medical savings account available to individuals who are enrolled in high-deductible health plans. HSAs have three main tax advantages.
Posted ByA Qualified Charitable Distribution (QCD) is a helpful tax-planning tool for those who are charitably inclined. It is a charitable donation from an Individual Retirement Account (IRA).
Posted ByThe IRS has announced that in 2022, the estate and gift tax exemption will be increased to $12,060,000 per individual, up from $11.7 million in 2021.
Posted ByThe IRS allows individuals to deduct qualified medical expenses that exceeded 7.5% of their adjusted gross income (AGI).
Posted ByPlanning was particularly challenging this year due to the uncertainty surrounding pending legislation that could, among other things, increase top rates on both ordinary income and capital gains starting next year. On December 16th, it was announced that the Build Back Better bill would be debated further in January but there would be no changes in tax law in 2021.
Posted ByUnderstanding Required Minimum Distributions (RMD) is imperative for effective retirement planning. RMD rules can be complicated and difficult to understand, so we’ve outlined common questions and explanations to help you.
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Taking a Mental-Health Day? There’s a Right Way to Do It.
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Don’t sleep in too much, and hold off on binge-watching: How to really recharge in the course of a day.
Strategies And Tips To Improve Your Life Late In Retirement Or After Disability
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Our lives change during retirement and often this means dealing with the onset of limitations. Here are steps to prepare for that in advance.
How to Reconnect With Those Outside Our Inner Circle
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Everyone has gone through their own challenges -- it's time to start rebuilding those relationships.
After getting inflation so wrong, can the Fed now get it right?
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At its meeting in March, Fed officials concluded that they would raise rates by nearly two percentage points in 2022, setting America up for one of its steepest tightening cycles in a quarter of a cen...
Inflation could leave a big gap in your homeowners insurance coverage if you need to rebuild
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Home prices in February 2022 rose 20% from a year earlier. Have you checked your homeowners insurance coverage limits this year? They might not be enough to keep up with rising inflation and repair/.r...