Tax Favored

Evaluate whether a Health Savings Account is beneficial to you

Health Savings Account, High Deductable Health Plan, IRA, Medical Expenses / Douglas Freeman

With the escalating cost of health care, many people are looking for a more cost-effective way to pay for it. For eligible individuals, a Health Savings Account (HSA) offers a tax-favorable way to set aside funds (or have an employer do so) to meet future medical needs. Here are four tax benefits: Contributions made to […]

Evaluate whether a Health Savings Account is beneficial to you Read More »

Tax-favored ways to build up a college fund

529 Saving Plan, Coverdell Education Savings Account (ESA), Savinigs Bonds / Douglas Freeman

If you’re a parent with a college-bound child, you may be concerned about being able to fund future tuition and other higher education costs. You want to take maximum advantage of tax benefits to minimize your expenses. Here are some possible options. Savings bonds Series EE U.S. savings bonds offer two tax-saving opportunities for eligible

Tax-favored ways to build up a college fund Read More »