Funding an IRA for Children
With some simple planning, you can turn your child’s summer of mowing lawns into a well-funded retirement account
More on Health Savings Accounts (HSAs)
Health savings accounts allow individuals and families with high deductible health plans to save pre-tax money to pay for qualified medical expenses.
Homeowners Insurance—Casualty Coverage
Homeowners insurance provides homeowners with coverage for the loss of the home and personal belongings, as well as liability protection. It also protects the mortgage lender’s investment. Lenders require proof that homeowners insurance has been secured before the closing.
Homeowners Insurance: Personal Belongings
Homeowners insurance provides homeowners with coverage for the loss of the home and personal belongings, as well as liability protection. Many mortgage lenders require proof that homeowners insurance has been secured before the closing because it protects the lender’s investment.
Health Savings Accounts (HSAs)
Health savings plans provide a way for individuals and families to save pre-tax dollars for medical expenses, but unlike flexible spending accounts, the funds remain in your account until you use them.
Selling Investment Property—Like-Kind Exchanges
When we were children trading assets like baseball cards was just fun. Today, if you trade larger assets like a house or business property, it is considered a like-kind exchange, and it can minimize your taxes.
Charitable Giving—Gifts of Appreciated Property
If you are gifting property or stocks, your deduction depends on whether the property is ordinary income property or capital gain property.
Homeowners Insurance: Liability Protection
Homeowners insurance provides homeowners with coverage for the loss of the home and personal belongings, as well as liability protection. Today, we will discuss liability protection.
IRA Basics
Traditional IRAs allow you to save for retirement on a tax deferred basis, while Roth IRAs are funded with after-tax contributions.
Alimony
A number of requirements must be met before divorce-related payments between spouses can be deducted by the paying party as alimony.