by Carolyn Flournoy | Jan 11, 2023 | Financial Planning, Retirement
As 2022 came to a close, and while many of us were focused on the holidays, Congress passed new legislation for America’s retirement system. Called the SECURE Act 2.0 (which stands for Setting Every Community Up for Retirement Enhancement), it’s part of the greater...
by Andrew Castleberry | Jun 9, 2020 | Financial Planning
What is a Health Savings Account (HSA)? Health Savings Accounts (HSAs) were created back in 2003 by the Medicare Modernization Act. This law created HSAs to encourage individuals to enroll in High-Deductible Health Plans (HDHPs) in an effort to curb overall healthcare...
by Andrew Castleberry | Feb 25, 2020 | Financial Planning
We assume in this article that the accounts have similar tax treatment and registration. In the event, accounts do not have the same account type and registration, the process of moving money becomes more complex. We will not address those situations in this article....
by Andrew Castleberry | Oct 23, 2019 | Financial Planning
Contributions to a Traditional IRA are done with pre-tax income. Similar to a 401(k), the amount you contribute to a Traditional IRA is tax deductible up-front, reducing your taxable income. The money then grows overtime tax-deferred, and is subject to taxation only...
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