Key Points

• Solid financial plannings means taking care of any tax advantage you can.
• However, it’s important to understand that most tax breaks have deadlines, meaning: you snooze, you lose.
• The HSA could potentially be the best plan you never heard about.
• This program allows you to potentially invest with pre-tax savings, and spend without taxes as well.

Continue reading → Don’t Miss Out, You’ll Regret It (Part 2)

Key Points

• Tax planning is not just about figuring out how much to pay the government, it’s also about ensuring that your investment plan is tax efficient based upon your short-term and long-term goals.
• Investments typically generate income from three different sources: interest, dividends, and capital gains; and each source is taxed differently.
• These differences should be taken into consideration when forming an investment plan, as federal taxes can range from 0% to upwards of 37%. Continue reading → Don’t Miss Out, You’ll Regret It (Part 1)