Does the new health-care reform law affect health spending accounts?

September 8, 2010

Does the new health-care reform law affect health spending accounts?

I’ve been getting this question quite a bit this year and if you’re looking for the quick answer, it’s “yes.”

If you want more information, read on, but keep in mind: I usually strive to inject some sort of humor or entertaining style to my writing. But when it comes to writing about Health Care reform and technical parts of it, be warned – I couldn’t find anything entertaining about this subject, but hopefully the information is useful

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What You Should Know about Inherited IRAs

September 3, 2010

The other night a buddy of mine invited me over to help put together a wall unit from IKEA. As good as the instructions were, he was vastly confused and needed a bit of help making heads and tails of some diagrams. As complicated as it at first might have seen, I told him it [...]

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What You Should Know about Trusteed IRAs

August 23, 2010

Everyone remembers certain things in their life such as their first kiss, High School graduation, their first car, girlfriend, job, etc.. But when it comes to the real important things in life, hearing about the Trusteed IRA certainly tops most people’s list, including mine. The first time I heard of this was likely right around [...]

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Ways to Trim College Costs

August 20, 2010

Here’s a new twist on an old saying. There are three things in life that are certain: death, taxes, and college costs that go up every year, even during a recession. How can students and parents avoid the “extreme borrowing” phenomenon that can lead to years of burdensome loan payments? They can start by looking [...]

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TAXABLE TO TAX FREE: CAN IT BE DONE?

August 12, 2010

With the exception of a Roth IRA, where is it possible to withdraw earnings from a tax-deferred vehicle without ever paying tax? Most people who understand a bit about taxes would understandably say there’s nowhere to do it. But as of this year, there is a way to do it and knowing a bit about [...]

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Avoiding Probate: Is It Worth It?

August 1, 2010

When I first heard the word “probate” I wanted to avoid it mainly because I had no clue what it was, it sounded boring and something very complicated. But soon after I had the unfortunate experience of a client passing away and beneficiaries going through the pain of settling the estate, I realized it was [...]

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My child got a scholarship for college. Is it taxable?

July 26, 2010

Driving through Los Angeles the other day, I saw a bumper sticker on a car that read, “My child just got a scholarship to…” and named the University. Only in LA, right? Maybe there are some other cities in the country where one would advertise such a thing on the back of their car, but [...]

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