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18 Dec

CONSIDER THE FLEXIBILITY OF A SELF-DIRECTED IRA

Traditional and Roth IRAs can be relatively “safe” retirement-saving vehicles, depending on what they’re invested in. But one drawback is that they limit the account owner’s investment choices. A self-directed IRA provides more flexibility in investment choices but comes with greater risk as well. ...

09:00 / Legal / Retirement / Taxes
25 Nov

DISCOVER THE “HIDDEN” ADVANTAGE OF HSAS

Employers may want to explore the benefits of providing Health Savings Accounts (HSAs) to their workforce. When coupled with a high-deductible health plan, an HSA can be a powerful tool for funding medical expenses on a tax-advantaged basis. This brief article outlines the advantages and...

06:00 / Legal / Taxes
09 Nov

DO YOU KNOW THE “HIDDEN” ADVANTAGE OF HSAS?

A Health Savings Account (HSA) coupled with a high-deductible health plan can be a powerful tool for funding medical expenses on a tax-advantaged basis. For 2020, individuals with self-only coverage can make up to $3,550 in tax-deductible contributions to an HSA, while those with family...

08:00 / Growth / Inheritance / Insurance / Legal / Retirement / Taxes
26 Jun

DON’T FORGET ABOUT YOUR 2019 TAX RETURN

Earlier this year, in response to the novel coronavirus (COVID-19) crisis, the IRS deferred the filing and payment deadlines for federal tax returns. This article recaps the relief and discusses what taxpayers should know about filing an extension and contributing to certain savings accounts. A...

08:30 / COVID-19 / Legal / Taxes
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