When you’re choosing a health plan, there are many factors that may affect your decision. If you want an option with flexibility, a high level of choice, and tax-advantaged savings, a high deductible health plan with a Health Savings Account (HSA) might be the right choice for you.
What Are HSAs?
HSAs are tax-advantaged savings accounts that accompany high deductible health plans (HDHPs).
HSAs were created in 2003 to provide individuals who have HDHPs with a tax-preferred method of saving... [More]
For some time now, obtaining a college degree has been regarded as mandatory for success in many career paths. Many jobs require a college degree to even be considered. But as college costs are creeping higher and higher, many people are wondering if the ROI is still there. Between the years and years of student debt people obtain and the high unemployment rate for recent graduates, people are asking the question: is college still worth it?
If you found this infographic useful, be sure to check... [More]
The U.S. Tax Court in 2014 re-wrote the rules on rollovers between Individual Retirement Accounts (IRAs).
Up until until January 1, 2015, an IRA account holder could withdraw IRA money from either a traditional or Roth IRA and have 60 days to redeposit the funds back into the same type of retirement account. No penalties or taxes were imposed in this "rollover" as long as the funds met the 60-day rule. The IRA investor could use this "60-day" rollover every 12 months on each IRA owned. This typ... [More]