Money Talk
JUNE 13, 2024
401(k) plan). Do Strategic Tax Planning- Explore tax planning strategies that may apply to your situation, such as bunching deductions, contributing to a Health Savings Account (HSA), Roth IRA conversions, or utilizing tax-loss harvesting to offset capital gains. As a result, there will be an increase in tax rates (e.g.,
Money Talk
JANUARY 18, 2023
Not surprisingly, much of the news was negative; e.g., soaring prices for food, gas, utilities, cars, insurance, and more. 401(k)s) and IRAs are pegged to inflation. Standard Deduction - The amount of income taxpayers can shelter from income taxes rises with inflation (e.g., in June and a still-high 6.5% CPI at year-end.
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Money Talk
JUNE 29, 2022
In it, I urged a review of tax deductions/credits, tax withholding, budgeting/cash flow, flexible spending accounts, financial goal progress, and investment portfolio status. 401(k) or 403(b) plan). Automated Payments Review - Payments for utilities (e.g., college faculty promoted to a higher rank).
Money Talk
JUNE 24, 2021
Replenish Retirement Accounts - Consult with your employer HR department or plan custodian about steps to repay what you borrowed from a tax-deferred employer retirement savings plan such as a 401(k) or 403(b) plan. Examples include rent, utilities, mortgage payments, and student loan payments.
Benefit Resource Inc.
JANUARY 3, 2022
Fortunately, one great way to help with out-of-pocket costs is utilizing a Health Savings Account (HSA). Switch to a high-deductible health plan. Utilize your HSA and save what you can; you never know what’s going to happen, as we’ve learned these past two years. Let’s Start from the Beginning. Let’s Start from the Beginning.
HR Professionals Magazine
MARCH 28, 2023
The right broker will also help you consider whether to pay for robust pharmacy benefits and multi-tier copays when your employees may not utilize expensive drugs. Additionally, many employers and employees would not “buy down” their deductible if they knew the true cost of that deal. How are your broker’s math skills?
Business Management Daily
SEPTEMBER 22, 2021
The survey results will help you prioritize the benefit changes or expansions that would be most impactful for your current employees so that you can utilize your benefits budget effectively. HSA funds can be used for prescription drugs, deductibles, copayments, and other covered health costs. They also cover dental care expenses.
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