Health savings accounts (HSAs) have been around for nearly two decades, but many people are unfamiliar with them and the benefits they offer. This article is an overview of how they work, who is eligible for them, and what tax advantages they provide. An HSA is essentially an interest-bearing, medical savings account that you can […]
How to Keep Employees Contributing to the Plan
For many employers, especially smaller ones, introducing a retirement plan is a big undertaking. Despite the numerous administrative and regulatory requirements that an employer retirement plan entails, many employers remain committed to their retirement plans because they want to help their employees begin the journey to retirement readiness. Unfortunately, plan participants can sometimes feel squeezed […]
Understanding Installment Sales
The majority of sales and purchases of property are usually settled by the buyer paying the seller an agreed on lump sum up front. However, there are circumstances when it makes sense to structure the sale of property so that payments will be received in installments over a number of years. What are those circumstances […]
Trusts: Another Corner of Your Estate Plan
You already have a will — why create a trust? Like a will, a trust transfers property. But, unlike a will, a trust can take effect at any time to distribute and manage assets and save taxes. Different kinds of trusts can serve different purposes and benefit different individuals or organizations. Following is a brief […]
How Small Businesses Can Use Artificial Intelligence
Science fiction movies and books may portray artificial intelligence as a human-like giant brain with thousands of wires coming from it that control whole cities and their populations. The reality today is that artificial intelligence is unobtrusive, everywhere, and we are interacting with it multiple times daily without always recognizing that we are. Artificial intelligence […]