If an employer provides an HSA and the employee contributes to the HSA through payroll deduction, then in addition to HSA contributions being tax deductible for federal income tax purposes (and most state income tax purposes), the contributions are also deductible from payroll taxes, Social Security and Medicare. Currently Social …
I came across an article last night that gave me a lot of thought, entitled $150,000 Income, $150 Income Tax. The author of the article and his wife both earn roughly $75,000 a year. They both max their 401K saving contributions to $17,500 a year. They max an HSA to …
Up until the last few months, virtually every conversation I have had regarding investing has resulted in pessimism, the general attitude it seems that most people have to stock market investing is based on the 2007 – 2011 Bear Market. I heard too many people argue that it doesn’t make …
While I follow the Dave Ramsey “baby step” plan to get towards financial freedom, Dave consistently quotes 12% as an expected long term rate of return for stock mutual funds. While I agree that an investing strategy focusing on stock mutual funds over the long term is the way to …