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Can an HSA or FSA Help Your Retirement

WebIn terms of retirement savings, either a Health Spending Account or Flexible Spending Account will help you reduce your pre-tax take home pay, meaning you will …

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Help on the Way to Pay for Your Medical Bills

WebHelp is on the Way to Pay for Your Medical Bills. Adam Bergman discusses the new HSA Modernization Act, which aims to increase contribution limits for Health …

Category:  Medical Go Health

Self-Directed Health Savings Account (HSA)

WebA Health Savings Account (HSA) is a tax advantaged savings account for medical expenses. The IRS introduced the HSA for qualifying taxpayers to receive tax …

Category:  Medical Go Health

Self-Directed IRA Disqualified Persons

WebIn order to avoid triggering a prohibited transaction with your Self-Directed IRA, make sure you know who the IRS considers “disqualified persons.”. Here, we …

Category:  Health Go Health

Traditional vs. Roth IRA

WebA Roth IRA is a type of IRA created in 1997. The Roth IRA differs from a traditional plan in several ways. Most importantly, a Roth IRA is funded with after-tax …

Category:  Health Go Health

Free Universal Health Care

WebFree universal health care is great when you get a cold, but when need major care, it can prove to be quite difficult to get it. We want to emphasize that it’s …

Category:  Health Go Health

Solo 401(k) Rules for a Single Member LLC

WebThe Solo 401 (k) plan has become the most popular retirement plan for the self-employed. For single-member LLC business owners, the plan offers massive tax …

Category:  Health Go Health

Maximizing Roth Contributions if You Are Self-Employed

WebTo be eligible to benefit from the Solo 401 (k) plan, a business must meet just two eligibility requirements: The presence of self-employment activity. The absence …

Category:  Health Go Health

Aid for Gig Workers Plus the Solo 401(k)

WebThe CARES Act and Your 401 (k) The two most important provisions of the CARES Act are distribution rules and loan options. This will help give aid for gig workers …

Category:  Health Go Health

Roth IRA Hardship Exception for Qualified Education Expenses

WebRoth IRA Basics. The Relief Act of 1997 introduced the Roth IRA. It is an after-tax IRA which allows any US person with earned income under a set income threshold …

Category:  Health Go Health

COVID-19 And Socialized Medicine

WebIf you are a regular listener to the podcast, you might remember Adam Bergman’s aunt, who lives in Canada and has some health problems. She was talked …

Category:  Health Go Health

Best Retirement Accounts for Realtors

WebThe primary reason the Solo 401 (k) plan has surpassed the SEP IRA as the most popular retirement plan for the self-employed realtor is the ability to supercharge …

Category:  Health Go Health

Investment Diversification Primary Reason Individuals Turning …

Web6 2 0 1 5 I n v e s t m D i r f c a o P y R d u l T g S ­ A, F G p _ B. h t p: f i n a c e. b o s m w r d 0 8 2 7 5 I v B D P y R u l T g S internal client survey recently, which asked a select …

Category:  Health Go Health

Top 10 Startups Using ROBS

WebThe Basics of Using ROBS for Startups. To use the Rollover for Business Startups structure, you take existing 401 (k) or IRA funds and invest in a new 401 (k) …

Category:  Health Go Health

Can a Solo 401(k) Reduce Self-Employment Tax

WebTherefore, establishing a Solo 401 (k) plan will help you reduce federal income tax by making pretax deductions. However, it will not reduce self-employment …

Category:  Health Go Health

January 20, 2017 Everything You Wanted to Know About …

Webasset balance, employer tax ID numbers, financial reconciliations with prior plan years and missing service provider s on Schedule C.” What does the Form 5500 ask plans about?

Category:  Health Go Health

Understanding the Solo 401(k) Employer Profit Sharing …

WebWe also know that employer profit sharing contribution rules hold that the maximum employer profit sharing contribution for the business is 25% of all W-2 – …

Category:  Health Go Health

IRS Form 5500-EZ: Solo 401(k) Filing & Reporting Requirements …

WebThe purpose of filing and reporting the fair market value (“FMV”) of your solo 401 (k) plan’s assets is to inform the IRS of assets over $250,000.00 annually held in a …

Category:  Health Go Health

January 20, 2017 The Basics About Form 5500s

WebJanuary 20, 2017 . The Basics About Form 5500s What the DOL and IRS want to know about your retirement plan By Lee Barney [email protected] | January …

Category:  Health Go Health