If you have an HSA, or Health Savings Account, you need to now what eligible expenses are allowable in 2013 for deduction under the rules set forth by the IRS. You can spend money from your HSA tax-free as long as it’s put towards a “qualified medical expense.” This includes all prescription medication, medical related [...]
First introduced in 1974, the Individual Retirement Account (IRA) has been a preferred way for U.S. citizens to save money for retirement. Although the rules governing IRAs have changed over the years, the basic idea behind an IRA remains the same in, namely, to provide IRA holders tax advantages that encourage them to save for [...]
As tax time nears, a new report released by IRC, shows a continued decline in Americans’ participation in Individual Retirement Accounts. The study, released in full today, shows an ever-widening gap between what average US citizens are saving for retirement and what they need to retire comfortably. As a result, Americans are working longer into [...]
A new study from Investment Company Research to examine the role of IRAs in Americans’ retirement preparedness. The study is the first comprehensive survey of it’s kind to be completed since 2008. We wanted to share this information with readers of IRAConnect.com because it shows an alarming and continued drop in adoption of Individual Retirement [...]
