10 retirement & savings rule changes

I will review changes to various tax-advantaged accounts starting. So, if you want to pay less tax and save more for a secure future, read on to learn more.

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Your contributions are tax-deductible, and your investment earnings are never taxed if you spend them on qualified healthcare expenses.

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Flexible spending account (FSA) contribution limits increase

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Workplace retirement account contribution limits increase

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Anyone with earned income, no matter your age, qualifies for a traditional or Roth IRA.

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Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.

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10 retirement & savings rule changes

I will review changes to various tax-advantaged accounts starting. So, if you want to pay less tax and save more for a secure future, read on to learn more.

Your contributions are tax-deductible, and your investment earnings are never taxed if you spend them on qualified healthcare expenses.

Health savings account (HSA) contribution limits increase

Flexible spending account (FSA) contribution limits increase

You can defer a portion of your paycheck to an FSA and use it to pay qualified healthcare and childcare expenses.

Workplace retirement account contribution limits increase

The limitations apply to both pre-tax, traditional retirement plans and after-tax, Roth accounts.

Anyone with earned income, no matter your age, qualifies for a traditional or Roth IRA.

Individual retirement account (IRA) contribution limits increase

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Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.

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