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JD Supra: Form 5330 E-Filing Requirement Headache
JD Supra· 10 hours agoThe Form 5330[1], an excise tax return used by certain employers and individuals to pay penalty taxes, must be filed electronically for taxable years ending on or after December ...
HSA Hacks You Need to Know for 2024
MediaFeed via AOL· 6 days agoWhat happens if you no longer qualify for an HSA? A common question is what happens to an HSA if you become uninsured or switch to a non-qualified health...
‘This isn't part of the American dream’: The youngest cohort of baby boomers is gearing up for ...
MSN News· 18 hours agoOver half of these “peak boomers” have $250K or less in assets.
Americans stash funds in Health Savings Accounts
Washington Times-Herald· 8 hours agoIn 2023, the United States government estimates there were approximately 36 million Health Savings Accounts (HSAs), holding assets adding up to more than $116 billion. Americans are increasingly ...
I'm Going to Get $2,100 Per Month From Social Security. How Can I Reduce My Taxes?
SmartAsset via Yahoo Finance· 2 days agoDespite paying into Social Security throughout your working career, your retirement benefits aren’t...
Can I Put My Home in a Trust to Protect It From Medicaid?
MSN News· 3 days agoAn individual can protect their assets from Medicaid, including their home, by placing them into a...
Did You Inherit an IRA? Follow These Rules to Avoid Taxes
Investopedia· 3 days agoThe rules guiding the inheritance of an individual retirement account (IRA) when the IRA owner dies...
3 ways to help the next generation afford college — and 1 thing to avoid
Rolling Out· 23 hours agoA recent Northwestern Mutual Planning & Progress survey found that nearly all parents (99%) who...
Which Investments Are Better Off in My IRA vs. Roth IRA vs. Brokerage Account?
SmartAsset via Yahoo Finance· 3 days agoHow do I know which of my investments are better off in my IRA, Roth IRA or brokerage account?...
Percentage of American Workers Feeling Financially Well Rises
TheStreet.com· 3 days agoThe May 24, 2024 report also found that 53% of employees are concerned that economic uncertainty will affect their long-term retirement savings, down from 63% in 2023. Meanwhile ...
