Last month, we talked about the tax benefits of an HSA. This month, we’re focusing on FSAs. They’re similar to HSAs in many ways but very different in others. If you missed the previous article, click here. FSAs Defined An FSA, or flexible spending account, is an account set up by an
Many corporate employees are familiar with the company-sponsored 401k plan. This plan helps lower employees’ taxable income by allowing them to invest pre-tax dollars in the market so it can grow over time. Deposits made in a 401k plan typically come straight from employees’ paychecks
Richard Adams is a graduate of Benedictine College in Atchison, Kansas, with dual majors in Accounting and Business Administration. He is also a graduate of Wentworth Military Academy in Lexington, Missouri.