The Most- and Least-Taxed States for Retirement The Most- and Least-Taxed States for Retirement
Be a Smarter Renter
Is Your HSA a Retirement Tool? The Good, the Bad and the Ugly
Don't Forget to Review Your Insurance
September 4th:Labor Day
Hope you're having a great summer. This month's newsletter overviews the different kinds of state and local taxes that may impact your choice of where to live during retirement. It also looks at the pros and cons of using a Health Savings Account as a tax-advantaged savings tool. There are some tips for conducting an insurance self-review, and advice on becoming a smart renter.
As always, feel free to forward this newsletter to anyone who may benefit.
The savings limits for the ever-popular Health Savings Accounts (HSA) are now set for 2016. The new limits are outlined here with current year amounts noted for comparison purposes.
What is an HSA?
An HSA is a tax-advantaged savings account to pay for qualified health care costs for you, your spouse, and your dependents. When contributions are made through an employer, they are made on a pre-tax basis. There is no tax on
2015 Health Savings Account Limits The savings limits for the ever-popular Health Savings Accounts (HSA) are now set for 2015. The new limits are outlined here with current year amounts noted for comparison purposes.
What is an HSA?
An HSA is a tax advantaged savings account to pay for qualified health care costs. The contributions are made on a pre-tax basis. There is no tax on the funds contributed, the interest earned, or investment gains as long as the funds are used to pay for qualified medical, dental, and vision expenses. To qualify for this tax-advantaged account you must be enrolled in a “high deductible” health insurance program as defined by HSA rules.
2015 Health Care Savings (HSA) Account Limits Announced
Virtual Currency is Property per IRS
Check your Credit ...Change your Passwords
The Month of May:
With the 2013 Tax filing season behind us, the 2014 tax planning season is just beginning. Included this month are two areas where advanced planning can reduce your tax bill. There is also an update from the IRS on the tax treatment of virtual currencies like Bitcoin for those of you using or contemplating their use. A checklist of ideas on how to improve security of your identity rounds out this month's newsletter.
Should you know of someone who may benefit from this information please feel free to forward this newsletter to them.