Can I Invest The Money In My HSA/FSA?
Posted: December 28, 2020
Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are both offered by employers and designed to ease the financial burden of healthcare. But there are major differences between these two types of plans. One notable difference is that HSA funds can be invested, while FSA funds cannot. How Is an HSA Different From an FSA? With both an HSA and an FSA you can...
Essential Insurance Coverage For Online Businesses
Posted: December 19, 2020
Insurance is low on the list of priorities for many online businesses – and this could be a mistake. The truth is, online businesses face unique threats that could lead to loss of income, or the loss of the business itself. If you own an online business, purchasing an insurance policy to provide protection against common risks just makes good business sense. What Threats Do...
What Happens When You Inherit A 401(k)?
Posted: December 13, 2020
A 401(k) is a tax-deferred, retirement savings account. When a person opens a 401(k), he or she names one or more beneficiaries to receive the remaining funds when the account holder dies. If you have inherited a 401(k), your options will depend on several factors, including your age, the account holder’s age at the time of death, and whether the account holder was your spouse....
Does My Building Have Enough Coverage?
Posted: December 4, 2020
Your building is a major asset of your business. As a business owner, it makes sense to have adequate commercial property insurance to protect your investment. No two buildings are alike, and properties may have a higher risk for different perils. Our experienced agent can help ensure you have the business insurance you need. How Much Commercial Property Insurance Is Enough? The term “full value”...
Pros & Cons Of Opening A Flexible Spending Account
Posted: November 28, 2020
Flexible spending accounts (FSAs) are associated with employer-sponsored health insurance plans. They allow you to divert a tax-deferred portion of your earnings into the account, which you can use to pay for certain healthcare-related expenses, including copayments and deductibles, and dependent-care costs. Money in an FSA must be used by the end of the plan year. However, employers may offer a grace period of up...