Category: Insurance Planning

Taxation of Insurance Payouts by Product: A Quick Reference

Insurance products are incredibly complex.  The policies can have documentation longer than most novels, filled with legal jargon, caveats, restrictions, riders, hidden fees, and a host of other variables that can at times make your mind spin.  And those are …

Want to get an extra $7.75k in your IRA?

It’s possible.  Only it isn’t an IRA.  It’s a Health Savings Account (HSA), available to anyone who is subject to a high-deductible healthcare plan ($1.3k individual/$2.6k family; out-of-pocket limits also apply) outside of Medicare and Medicaid.  The details …