2016 to 2017 Retirement Plan Contributions and Conversions – How to Reduce your Taxable Income


In this article we will discuss Retirement Plan Contributions and Conversions and how these can reduce your taxable income in the current tax year. The last business day of 2016 is December 30th, so there is still time to make changes to your contributions to achieve the greatest reduction in your tax liability. The countdown to […]

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Comparing and Signing Up For the Most Cost Effective Private Health Insurance Plan


The rising cost of health care coupled with many employers cutting back on benefits has led to a large number of people having to go out into the market place and find their own private health insurance plans to meet their coverage needs. In addition to being more costly than standard employer sponsored plans, the […]

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2016 and 2017 Flexible and Dependent Care Spending Accounts (FSA) Contribution Limits


[Updated with 2017 limits] Flexible Spending Accounts (FSA) have been around for a while now and many families use them as a tax advantaged way to save for health care and dependent care related costs. However every year various limits associated with FSA accounts are reviewed by the IRS and adjusted as needed. The table below summarizes the […]

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2017 vs 2016 HSA Contribution Limits and Tax Rules For High deductible Health Insurance Plans and Health Savings Accounts


[Updated with latest HSA limits] Based on IRS figures, here are the latest 2016 and 2017 HSA limits.  The $50 increase in the 2017 HSA contribution limit for individuals is the only change from 2016. HSAs have risen in popularity thanks to health-care law changes and the increasing use of high-deductible health plans (see earlier updates below). […]

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Health Care Plans: 10 Tips on Choosing the Right Option


It’s that time of the year again when your choice of health care insurance plans comes to the fore – Open Enrollment (OE). During OE you can change your health care coverage and flexible spending allowances for the year ahead without penalty or a qualifying”life-event”. With health insurance premiums on the rise (8% this year), […]

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