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

Medium Brush Stroke

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.

Medium Brush Stroke

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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