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Do you have an HSA?

When I worked for a large company, my wife and I enjoyed the use of a Flexible Spending Account, otherwise known as an FSA. This account allowed us to save up to $5000 pretax, and use it for medical expenses during the course of the year. Doctor copays, medicine copays, and expenses that our insurance [...]

Tax Changes Coming in 2013

My friends at the IRS have announced…. wait a second, did I just call the IRS folk ‘my friends’? Well, yes. I don’t like taxes any more than the next guy, but I hpe that by now my readers know that it’s congress that has created our incomprehensible tax code. The IRS just enforces it. [...]

A Wacky Impulse Buy Roundup

Our friends to the north aren’t immune to the same bad spending habits that we USers are prone to. Robb Engen offers some great advice to break these habits with 7 ways to avoid buying stuff you don’t need. Avoiding the impulse buys and spending money you don’t have is the first step to getting [...]

Kill the Flexible Spending Account

I hope my friends at Save Flexible Spending Plans will forgive me for saying this, but I think it’s time to kill the FSA. Really. In case you have no idea what I’m talking about, the Flexible Spending Account is an account that lets you take money out of your paycheck, pretax, and get it [...]

No more Use-it-or-lose-it?

“Use it or lose it” is a provision of the Flexible Spending Account (FSA). The FSA is an account that permits you to use pretax dollars to pay for unreimbursed medical expenses. This can include copays for doctor visits, dental procedures, eye care, and prescribed medicine to name a few. With many employers allowing you [...]

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