by Guest Writer Don Clark, LYC Mortgage LLC On October 24, 2011, the Federal Housing Agency (FHA), together with Freddie Mac and Fannie Mae, issued a press release announcing a series of changes to the Home Affordable Refinance Program (HARP). This program is designed for homeowners that are current on their mortgage but have been… Continue reading Refi Your Mortgage on Devalued Home with Harp 2.0
Category: Savings
When Regular is Better than Roth – part 2
In Part 1, we discussed the differences and benefits of Traditional and Roth IRAs. Today, I'd like to give you some advice on the amount you should be contributing. The Max Factor: When my clients ask me for advice about the Roth 401k or 403b plan, I immediately look at Box 12 of their W-2… Continue reading When Regular is Better than Roth – part 2
When Regular is Better than Roth – Part 1
Each winter, when my staff and I meet with our clients to review their tax information, we get this question a lot, "Should I go with the Roth version of my employer's 401(k) or 403(b) plan, or should I stick with the traditional version?" Taxpayers first had the option of contributing money to a Roth… Continue reading When Regular is Better than Roth – Part 1
HSAs – Part 2: Bang for your Buck
by Andrew D. Schwartz, CPA In my last post, we covered some basics with insurance and Health Savings Accounts (HSAs). Let's continue by reviewing some more key strategies you can do to minimize your healthcare costs and save taxes: The Winning Combination As health insurance costs continue to skyrocket, Health Savings Accounts (HSAs) provide you with a great opportunity.… Continue reading HSAs – Part 2: Bang for your Buck
Tuesday Tip: Save before summer
Before summer kicks in, take a look at your asset allocation of all your retirement and non-retirement accounts, and consider rebalancing your accounts.
Minimize your Healthcare Costs and Save Taxes with an HSA
by Andrew D. Schwartz, CPA You purchase insurance to protect yourself against the catastrophic. Paying a few hundred dollars to fix a broken window in your garage won't trigger a financial crisis for most households. Being forced to rebuild your two-car garage after it is flattened by a fallen tree is when you look to… Continue reading Minimize your Healthcare Costs and Save Taxes with an HSA
Tax Tip Tuesday
Use your tax refund to pay off some debts, fund an IRA, and/or invest!