FSA or HSA: Choosing a Medical Savings Account
Photo by Andy Dean Flexible spending accounts (FSAs) and health savings accounts (HSAs) are both tax-advantaged accounts that allow you to pay for qualified medical expenses using pretax dollars. During open enrollment season for employment benefits,you may have the...
Secure Choice or 401(k)? 4 Key Questions to Consider
Illinois business owners deciding which retirement plan to choose should consider the tax benefits, oversight demands, and level of control of both options. Employees are the heartbeat of your company. From working overtime to filling outstanding orders to...
Navigating the Challenges of Giving and Receiving Wealth
Although Millennials are usurping them in other areas, Baby Boomers still have a firm grip on much of the country’s wealth. According to a Cerulli Associates study, Boomers should remain the wealthiest generation until 2030 at the earliest. Moreover, it is expected...
Women and the Wealth Gap
In personal finance, women face a different set of challenges than men. Some of these challenges are well known, like the wage gap, and some have only recently begun to be discussed, like the effect that has become known as the “wealth gap.” Estimates of the wealth...