Now that I left my job, I'm buying health insurance on the exchange under the Affordable Care Act (ACA). Before ACA, getting health care coverage is one of the biggest challenges for becoming ...
2018 HSA Family Coverage $6,900 OK After All
The IRS originally announced back in early 2017 that the 2018 HSA contribution limit for family coverage would be $6,900. Then Congress passed a new law in December 2017 that changed how inflation ...
Mega Backdoor Roth in TurboTax
A mega backdoor Roth means making non-Roth after-tax contributions to a 401k-type plan and then taking the money out (with earnings) to a Roth IRA. It's a great way to put additional money into your ...
A Solo 401k Is Not A Bigger IRA
The solo 401(k) has become the go-to retirement plan for self-employed business owners who don't have other employees. It allows a larger contribution at a lower income level than SEP IRA. It also ...
Paying Taxes: By The Book Or Catch Me
As the calendar flipped over to 2018, the frenzy of prepaying property tax is finally over. As I observed in emails and Internet postings it occurred to me there are two opposite camps when it comes ...
IRS Advisory On Prepaying Property Tax In 2017
At the end of the previous post on making the mortgage payment due on January 1 in December, I wrote: Similarly, if the 2018 property tax bill hasn’t come out yet, prepaying now to just have the ...