As we roll full steam into the New Year 2019 it helps to be aware of a handful of changes related to taxes and tax-deductible contributions to 401k plans, IRAs and the like.
Important to recognize (when in a calm state of mind) is that with last year’s introduction of one of the most sweeping tax law changes in decades, filing for tax year 2018 may contain both pain, in terms of lost SALT deductions, and valuable lessons for how to proceed in tax year 2019. In the meantime, consider the following.*
Halloween can be pretty scary — but not as scary as Open Enrollment for health coverage! Enrolling for healthcare (Flexible Spending/FSA, Dental, Health Savings Accounts/HSAs, or Medicare, among others) can scare the living daylights out of even the smartest, strongest person. We are presently in or near the “Open Enrollment for Healthcare” season.
Over the past two weeks there has been A LOT going on in Washington DC affecting two major categories of our spending: Taxes and Healthcare. These two categories matter hugely for our present and future financial security.