13 September 2009

A Modest Health Care Proposal

What is the solution to the Health Care issue in this country? It certainly isn’t ignoring it and hoping it goes away.

There are plenty of things wrong with health care that need addressing, however the debate has gone very far away from the issues. It is wrong-headed and counterproductive to try to derail the debate, so lets look at some less discussed options.

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18 February 2009

Investing Step #8: Health Savings Accounts

The Health Savings Account is becoming a more popular option recently. It is a great opportunity to save money on your medical insurance. Despite that it is still an under-used option.

Health Savings accounts allow you to contribute money to an account who’s funds are designated specifically for health uses. While many people might not immediately see the value in this, it represents an option in which you can almost immediately recoup a large percentage in savings. If you are in a 33% tax bracket, then every expense you make using this account is essentially at a 50% discount.

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10 February 2009

Investing Step #4: Tax-Advantaged Accounts

Why pay taxes? A lot of people claim they wouldn’t if they didn’t have to, however many of us are voluntarily paying taxes on money would could be earning tax free. You probably know already what I’m talking about, tax-deferred accounts. These are investment accounts where your taxes are either paid when you take the money out, or sometimes not at all. Many people are familiar with retirement accounts like 401(k)s or IRAs, but there are other options that are often overlooked entirely. Many times if you know you’re going to have an expense in the near future you can pay for that expense tax-free. This many not seem like a big deal to you but let’s do some simple math.

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