The investment opportunity is especially attractive if you’ve reached your annual contribution limits on other retirement accounts. Even though you can’t contribute as much to an HSA as you can to 401(k) or IRA, it can still boost your overall savings. You can use your contributio...
Build a CD ladder:Consider setting up a Certificate of Deposit (CD) ladder. A CD ladder involves opening multiple CDs with varying terms and interest rates. As each CD matures, you can reinvest the funds or use them for your financial needs. This strategy can provide a higher interest rate...
Mergers and acquisitions can be a boon for equity investors, but as always, the IRS gets a share. If you held stock in a corporation that changed control or saw substantial changes in capital structure, and received cash, stock, or other property exchanged for the corporation’s stock, you ...
you can contribute to an HSA annually with tax-deductible contributions, meaning you don’t pay any taxes on the contributions when they're made. This is similar to how a 401(k) or a traditional IRA contribution work (which is
With multiple avenues to making money in real estate investing, which is right for you? What Is a Real Estate Investment Fund? These funds allow investors to pool their money and purchase more real estate. Is Passive Real Estate Investing Right for You? You can invest in real estate with...
Work with your tax advisor to determine which expenses may qualify as deductible. Can I reduce my taxable income by contributing to a self-employed retirement plan? Planning for retirement when you’re self-employed is an important part of maintaining your livelihood in the future. When you ...
Can I run my own payroll? Do I need a payroll specialist? What companies can help me with payroll? What are the benefits of using a payroll system? Which payroll software is best? What are the consequences for not doing payroll correctly? Payroll Roundup I’ve covered a lot of information...
If your employer pays some or part of your premiums, you can only deduct the portion that you pay yourself with after-tax money. What are medical and dental expenses? IRS Publication 502 defines medical and dental expenses as the costs you pay to receive treatments that prevent, diagnose or...
an annuity might be what you're looking for. Annuities give you a steady stream of income and they're customizable, so you can purchase one that matches your risk tolerance and financial needs. As always, it's a good idea to consult with a financial advisor when planning a retirement stra...
An employee stock purchase plan (ESPP)1 is an optional program that allows you to buy shares of your company's stock at a discounted price. You select how much money you'd like to set aside (up to a limit) to purchase the stock, and your employer deducts it from your after-tax ...