News
A Retired Couple Faces a Six-Figure Healthcare Bill. Paying It From an HSA, Not an IRA, Keeps It From Taxing Their Social Security.
3+ hour, 30+ min ago (607+ words) HSA withdrawals for qualified medical expenses are tax-free and don't raise provisional income, leaving Social Security benefits and Medicare premiums completely unaffected. A $40, 000 IRA withdrawal counts as ordinary income, potentially exposing up to 85% of Social Security to taxes and triggering…...
The IRS Just Raised 2027 HSA Limits - Here's Why Pre-Retirees Should Pay Attention Right Now
10+ hour, 11+ min ago (782+ words) The years before Medicare may be more valuable than you might realize. The IRS has officially increased Health Savings Account contribution limits for 2027, creating another opportunity for Americans approaching retirement to build tax-advantaged savings. For many workers in their late…...
Saving for retirement: 5 On Your Side has how to stay ahead
1+ day, 5+ hour ago (214+ words) The ideal size of a retirement nest egg has surged since last year, with more'Americans now fearing they will outlive their money. 5 On Your Side shares what you should do right now to stay ahead. The "magic number" needed for…...
4 Midsummer Tax Moves That Could Pay Off Big Before Year's End
6+ day, 19+ hour ago (443+ words) Put these on your July to-do list ASAP....
La Hood's Bill Expanding Health Savings Account Eligibility
1+ week, 7+ hour ago (127+ words) WCSJ News Darin La Hood has introduced legislation that would expand eligibility for Health Savings Accounts by allowing individuals to keep an HSA even if their spouse is enrolled in a Flexible Spending Arrangement. The proposed Health Savings for Families…...
4 Medical Expenses Seniors Can Write Off Without Itemizing
1+ week, 10+ hour ago (993+ words) There are health care tax breaks that seniors can use even when taking the standard deduction. Medical costs are one of the biggest financial pressures many retirees face. Between insurance premiums, prescriptions, and unexpected health issues, it's not unusual for…...
Fidelity Says You'll Spend $172, 500 on Health Care in Retirement. I'm 70 and a CPA " Here's Why You Shouldn't Worry
1+ week, 11+ hour ago (1344+ words) The scary number everyone quotes is real. What it actually means is a lot less frightening. July 2, 2026 " Advertising Disclosure Money Talks News may earn commission or revenue through links in the content below. Our editorial team independently selects all products....
Taxes and Finance: Income the IRS can't touch
1+ week, 1+ day ago (416+ words) Wouldn't it be nice to have a source of nontaxable income? You may be more fortunate than you realize. Here are several types of income that the IRS does not tax. 1. Tax-free interest. The federal government does not tax municipal…...
Is It Too Late to Catch Up on Retirement Savings if You're 55?
1+ week, 2+ day ago (55+ words) Key Points Nearly half of U. S. households haven't saved enough for their retirement. Although your time horizon may be limited, there are ways to maximize...
Never Pay Medicare Premiums Again. Here's the Portfolio That Makes It Happen.
1+ week, 1+ day ago (961+ words) Covering a typical $6, 000 annual Medicare stack requires $150, 000 at a 4% yield or just $60, 000 at 10%, using the formula: annual cost " yield. High-yield portfolios paying 10% risk principal erosion and distribution cuts, quietly spending down assets while nominally covering the Medicare bill. A 4% dividend…...