With the increase in high deductible health plans (HDHP) being offered by employers, it is surprising to find how few individuals take advantage of a Health Savings Account (HSA). Not only can these plans offer a way for individuals and families to save for current medical expenses in a tax-efficient manner, because of their unique structure and features, HSAs are…
After leaving an employer, you will be faced with the decision of what to do with the money saved in your employer-sponsored retirement plan such as a 401(k) or 403(b). Your first instinct is likely to roll the funds into an IRA, but it is important to take a step back and look at the available options and your particular…
Benjamin Franklin is often quoted for his statement, “Nothing can be said to be certain, except death and taxes.” What Ben Franklin did not expound on, however, was that just because taxes are certain, does not mean that they are not everchanging and will not present plenty of uncertainty. Our country’s tax system is a key component in how society…