The tax system is very burdensome in the U.S and even more complicated when it is related to investments. Different type of investment gains can be subject to different tax rates and tax treatments. In addition, many complicated investment accounts provide some tax benefits to encourage people to save for certain future expenses. However, many people don't know how to use these accounts wisely or don't even know these accounts exist. In this post, I compiled a list of common tax-advantaged investment accounts created for funding retirement, education, and medical expenses.
Health Savings Accounts(HSAs): Something You Should Consider When You Shop For Health Insurance
For people who are self-employed or do not get health insurance through employers, it’s time to shop for health insurance again. The 2018 open enrollment period runs from November 1, 2017, to December 15, 2017. Most people know that you need to compare Bronze, Silver, Gold, Platinum, PPO, HMO, POS and EPO. Also, you need to consider the deductible, the coinsurance, and annual out-of-pocket maximum individually. I understand that it is already complicated enough. However, there is one more thing that I believe everyone should consider when you shop for health insurance. It is called Health Savings Accounts (HSAs), which is often overlooked by most people.
Gift and Estate Tax: Special considerations for cross-border issues
Most Americans do not need to pay the gift and estate tax because of the current high exemption amount. However, like the income tax, which we talked about in "How To Reduce U.S. Taxes On Your Foreign Income?" and in "Do You Need To Report Your Foreign Assets?" before, there are also some special rules governing cross-border issues and immigrants regarding the gift and estate tax.
4 frequently asked questions on auto insurance
In today’s world, natural disaster, terrorist attack, plane crash, etc. are all over the news. However, for the majority of the people, the chance of being directly affected by those tragedies is relatively low. On the other hand, most people are exposed to a more common risk in our daily life: a car accident. Today, I will answer some of the most frequently asked questions on auto insurance.