If you have a qualifying health insurance plan, the Health Savings Account (HSA) is one of the few investment vehicles that allow for a triple tax advantage. That is, contributions to an HSA are tax-deductible, the account grows tax-free, and if you withdraw the funds for medical expenses, those withdrawals are also tax-free. With tax […]
Category: Blog
Your Guide to a Roth IRA Conversion
Individual Retirement Accounts (IRA) are one of the most popular retirement savings vehicles available for a good reason. They offer tax-deferred growth on your investment earnings and, in some cases (like a Roth IRA), tax-free withdrawals in retirement. But what if you’re not sure whether a Roth IRA is right for you? Or what if […]
11 Small Business Tax Savings Ideas for 2022
Running a business is often full of daily struggles with staying within budget and maximizing profits. As a small business owner, one way you can ease your financial burden is to take full advantage of the tax code. Not all small businesses are created equal, so you should tailor your deductions to your specific industry. […]
Summary of Market Performance Second Quarter Ended June 30, 2022
U.S. EQUITY INVESTMENT ENVIRONMENT The second quarter began and ended with significant levels of volatility, with the VIX index closing the second quarter at 28.7. U.S. stocks posted their worst first-half performance since 1970, as inflation concerns, Fed-rate hikes and slowing economic growth weighed on markets. The S&P 500 posted losses of 16.1% in the […]
Getting Your Finances in Order: A Q1 Check-Up
A financial new year checklist can help you avoid debt, save money, and prepare for years to come. Here, we’ll discuss some steps you can take to streamline your finances and make 2022 the best year yet for your bank account and your family’s future.