medical

The year’s end is quickly approaching, and with it rests the spending deadline of flexible spending accounts (FSAs). What is an FSA? A flexible spending account is an account that employees can use to cover out-of-pocket medical expenses completely tax-free. FSAs are built as employees make equal, recurring contributions from their paychecks to the account.

Why [...]

At least once  a year, if not more, you visit the dentist and doctor to make sure everything’s working properly – why not give your finances the same opportunity? As we approach the busy holiday season, it’s easy to let attention slip from personal finance. If you find yourself barreling toward the end of 2009 [...]

It’s open enrollment time for many health insurance plans. And that means you are finding out that premiums, deductibles and co-pays are probably on the rise. In some cases, benefits are shrinking as well. Many new health insurance plans won’t kick in until the new year, though, so that leaves a little more than a [...]

Understanding the many tax deductions can be nothing short of a minefield, and many taxpayers are unaware of the many deductions that can be used to legally reduce your tax bill. This article highlights just a few of the tax deductions that you can claim if your circumstances lend themselves.
Standard Deductions
A standard deduction varies depending [...]

It’s Open Enrollment time at most employers, the time when you get to choose your benefits coverage for next year. You will review your chosen options, and make changes to them as needed. It’s important to be familiar with last year’s benefits. You may get a summary, but can use your paystub to see what [...]

Saving more money is a goal most of us share, but many Americans find that they have very little saved at the end of the month. The recent recession saw Americans saving more than we have in years, up to nearly 7% at one point. In recent months though, that number has been falling back [...]

I have two daughters and one son. They are all quite young (the oldest is four). At this moment when I look ahead to the future I am have the exact same financial plan for each of them. Currently, we financially treat them all the same. We save the same amount for college, buy the [...]

Ah … Fall and Spring cleaning — a fresh desk, a clean home, a new perspective with the changing of the seasons. Why is this such a good idea, especially when it comes to your financial documents? It’s simple. Clutter can be dangerous – especially when it involves your finances. When your financial documents are [...]

It’s not a very happy thought, but have you ever considered what you want to happen to your assets after death? What about the guardianship of your children in case both parents die together? If something happens to you but doctors could keep you alive through life support or other measures would you want that? [...]

Unless you’ve been hiding under a rock for the past year or so, you may have realised that the global economy has been somewhat tenuous. People have learned the hard way that they need to be wise with their money, and, for some it means taking on extra work to boost their income, pay off [...]