Lots of ink has been spilled discussing one of the most hyped retirement and tax strategies: Roth IRA conversions. The prospect of future tax-free withdrawals is enticing. But there are lots of issues that need to be considered whether it is right for you. According to Google, there has been a surge in interest about Roth IRA conversions as it has become one of the top search terms this fall. ... Read More
tax deferred
Flexible Spending Accounts Help Lower Care Costs
Both dependent care and medical flexible spending accounts are funded with pre-tax deductions from your paycheck. Both have a “use or lose” policy if the funds deducted are not used in the calendar year for which the election was made. Typically, a person can only make the election to have these deductions taken at the time of their hiring or during the annual enrollment period every company ... Read More
