Welcome to The Barnum Report, Barnum Financial Group’s monthly newsletter. Each month we will be covering relevant financial industry topics as well as a monthly market update.
If you’re an employee with benefits, you know that this means you have some decisions to make. For most people, this means reviewing your healthcare benefits, but there are other elements of your benefits package that should also be reviewed to ensure they are aligned with your financial and retirement goals.
Health expenses are rising faster than inflation, and even insured workers are finding it harder to pay their portion from year to year (premiums, copays, coinsurance, and deductibles), much less plan for the future. An HSA is a tax-advantaged account linked with a high-deductible health plan.. They work together to help you cover your current health-care costs and can also help save for your future needs.
With 2019 coming to an end, now is a great time to make some easy and smart tax moves to help lower your tax bill and increase your tax refund when you file. Here are 10 things to consider as you weigh potential tax moves between now and the end of the year.