The triple tax savings benefits of Health Savings Accounts (HSA) make it an attractive savings option, not only for medical expenses but for potential retirement savings.
Retirement Planning Considerations: Tax Planning and Long-Term Planning
A few weeks ago, the SECURE Act was passed which has made some significant changes that can affect one’s financial planning strategies. Below are several important provisions you should keep in mind going forward:
(Note: this guest post was written by Kevin A. Pollock, J.D., LL.M. Kevin is an attorney and the managing partner at The Pollock Firm LLC. Kevin's practice areas include: Wills Trusts & Estates, Guardianships, Tax Planning, Asset Protection Planning, Corporate and Business Law, Business Succession Planning & Probate Litigation. Kevin Pollock is licensed in NJ, NY, PA and FL. Kevin's contact information can be found on his website: https://pollockfirm.com/)
The Sunday Hangover.
I’m sure for those of us in our 20’s or for those who look back to our 20’s, a system was in place to deal with the Sunday headache so that two hours later, we can bounce back. It can certainly feel like a hangover won’t disturb where we are going. We’re strong. We can pull all-nighters and be perfectly fine. We can eat copious amounts of fast food at 3am and not gain any weight. We are immortal.