Why Individual Retirement Accounts (IRAs) Are a Smart Move for Your Future
This guide covers Traditional IRAs, Roth IRAs, and other options like SEP and SIMPLE IRAs, plus important rules on contributions, with…
Trusts Versus Wills: What’s Right for You?
A will is a legal document that takes effect after your death. It specifies how you want your assets distributed and allows you to name a guardian for minor children. Wills must be signed and witnessed according to your state’s laws and filed with a probate court after death. Probate is a public process, meaning […]
HSA & HRA Inflation Adjustments 2026
On Thursday, May 1, 2025, the IRS released Rev. Proc. 2025-19, providing inflation-adjusted Health Saving Account (HSA) and Health Reimbursement Arrangement (HRA) contribution limits for calendar year 2026. What is an HSA account? The IRS defines an HSA as “a tax-exempt trust or custodial account you set up with a qualified HSA trustee to pay or […]
Evaluating Employee Stock Ownership Plans for Business Transition and Growth
Employee Stock Ownership Plans (ESOPs) have become an increasingly popular option for businesses looking to transition ownership while maintaining company culture and engaging employees. However, ESOPs are not a one-size-fits-all solution. Before moving forward, businesses must carefully evaluate whether an ESOP aligns with their financial health, governance structure, and long-term goals. Understanding ESOPs An ESOP […]