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So when Should I Draw Social Security?

Download Planning for Social Security Benefits, a newly updated publication which explains the various aspects of how Social Security Benefits are computed and what you need to know to get to maximize your, and your spouse’s, benefits. It’s a hard question to answer because how long someone will live is the key to answering it, […]

Obamacare for the Self-Employed

I’ve encouraged many of self-employed clients to sign up for Obamacare over the past 2 years, particularly those whose “household income” on their tax returns can be reported at a level below 400% of the Federal Poverty Line ($62,920 for a family of two or $95,400 for four for 2015) which qualifies them for premium […]

Maximizing Your Health Savings Account Tax Benefits

According to data published by the Employee Benefit Research Institute, the average Health Savings Account contribution for taxpayers who set up their own HSA was just $2,032 in 2013 and for those with employer- sponsored accounts a paltry $1,184. I see a similar pattern among my own clients; their employers contribute $600 or $800 or […]

Tax Advantages of Health Savings Accounts

What is a High Deductible Health Plan (HDHP)?   It’s a health insurance plan with a minimum annual deductible of $1,200 and a maximum of $5,950 for individual plans, or a $2,400 minimum and a $11,900 maximum for family plans.  Blue Cross/Blue Shield, United Health Care, Aetna and some other health insurance carriers all offer […]