A Health Savings Account (HSA) is a tax-advantaged medical savings account available to individuals who are enrolled in high-deductible health plans. HSAs have three main tax advantages.
ByQualifying medical expenses include preventative care, treatment, surgeries, dental care, vision care, psychologists, psychiatrists, prescription medications, and appliances such as glasses, contacts, false teeth, and hearing aids, among others.
ByEmployee stock options are a form of equity compensation that companies may offer to their employees. They are often granted as an incentive to motivate and retain employees, align their interests with those of the company, and provide them with a potential financial reward if the company’s stock price increases. What are Employee Stock Options?
ByRestricted Stock Units (RSUs) provide employees the right to own company stock subject to vesting requirements, such as employee performance or the passage of time. The underlying company stock is not issued until the RSUs vest. When an employee receives Restricted Stock Units, they have an interest in the company’s equity, but the units have
ByMedicare Part B premiums are automatically deducted from Social Security, Railroad Retirement Board, and Office of Personnel Management payments. The standard Medicare Part B premium is adjusted based on a taxpayer’s Modified Adjusted Gross Income (MAGI). MAGI for Medicare purposes is the taxpayer’s AGI plus any tax-exempt interest. Medicare uses a taxpayer’s MAGI from two
ByRetirement plan contribution limits are reviewed each year and are occasionally adjusted by the IRS. Table 1 below summarizes retirement plan contribution limits for 2023. Table 1: Retirement Plan Contribution Limits (2023) Retirement Plan Type 2023 Contribution Limit Age 50+ Catch-up Contribution Limit Individual Retirement Account (IRA) $6,500 $1,000 Simple IRA $15,500 $3,500 SEP 25%
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That Vacation Home You’ve Dreamed Of? Here’s How to Keep It From Becoming a Nightmare
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There are some important things to consider before signing on the dotted line, like how much time you’ll spend there and whether you’ll rent it out.
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A European decluttering philosophy focused on mortality is catching on in the United States, thanks to a best-selling book and a new reality TV series on Peacock.
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Think your last post flopped? Think again!
The Health Tests You Need at Age 30, 40 and 50
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It’s hard to keep track of when to start getting screened for health issues. Here’s a guide.
The Case of the Vanishing Vacation Flights
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Budget airlines like Avelo, Breeze and Frontier frequently experiment with flights and yank them quickly if they don’t perform.Market commentary is intended for convenience, educational, and informational purposes only and should not be construed as individualized advice or recommendations. The discussions contained on this page are not a substitute for investment advice from a professional adviser. Readers should not use this content as the sole basis for any investment, financial planning, tax, legal or other decisions. Rather, a professional adviser should be consulted, and independent due diligence should be conducted before implementing any of the options referenced. While information presented is believed to be factual and up to date, Schultz Financial Group (“SFG”) does not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. Due to various factors, including but not limited to changing market conditions, this market commentary may no longer be reflective of current opinions or recommendations. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change.