Health Savings Accounts Offer Significant Tax Advantages
Health Savings Accounts, or HSAs, offer some of the best tax advantages among savings and retirement accounts. High earners should seriously consider opening and contributing to an HSA.
Want to Lower Your Medicare Premium? It Pays to Plan Ahead!
Many seniors breathe a sigh of relief upon reaching age 65—and qualifying for Medicare. Private health insurance is a major household expense for those aged 50-64, and Medicare coverage is significantly cheaper. Even so, some seniors are surprised to learn that they could be subject to additional out-of-pocket Medicare premiums...
Medicare Open Enrollment – What Do I Need to Know?
Medicare’s open enrollment period occurs each year between October 15 and December 7. This is the best opportunity for current Medicare participants to modify their coverage, if their healthcare needs have changed.
Birthday Reminders: 9 Important Milestones to Remember as You Prepare for Retirement
No matter when you decide to stop or phase-out of work, there are some important milestones to remember and plan for:
QCDs – An Underutilized Philanthropic and Tax-Planning Tool
QCDs (Qualified Charitable Distributions) are not widely utilized but can be very beneficial to taxpayers aged 70 1/2 or older, who are charitably inclined and carry high IRA balances.
Tax-Efficient Inter-Generational Transfers: Downstream vs. Upstream Gifting
Many of the TCJA's provisions will expire at the end of 2025 unless Congress extends them. Given the political uncertainty, some wealthy households may wish to revisit their estate plans over the next year and consider pulling forward planned bequests to take advantage of the greater lifetime exemption.