Michael on November 26th, 2007
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I hope you had as wonderful a Thanksgiving holiday as I did. My immediate family spent much time with my extended family. As you can imagine, it’s always nice for my daughter to spend time with her grandparents, great-grandparents, cousins, aunts and uncles. (From what I gather, they feel the same way). [...]

Continue reading about Annual Enrollment & Reimbursement Plans

Michael on November 19th, 2007
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One of the most overlooked benefits–particularly during the annual enrollment period–is disability insurance. With all the attention paid to health insurance and life insurance, disability insurance often gets the short end of the stick.
While this often surprises people, most folks do need disability insurance. In fact, long-term disability insurance is an important benefit [...]

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Michael on November 15th, 2007
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It’s that time of the year again.
You: The ides of November?
No. Annual enrollment.
You: Almost as exciting.
As employees with company-provided benefits may recall, you get just one shot a year to make changes to your benefit choices (barring a major life event.) Over the next few postings, I’ll address a few annual enrollment [...]

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Michael on July 18th, 2007
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You: Because an mp3 player can hold thousands of songs and an IRA can hold thousands of dollars?
Not the answer I was going for first, but you’ve definitely identified one way mp3 players and IRAs are similar. But there’s something even more important about their similarities that I need to share with [...]

Continue reading about Strategy # 19: How an IRA is like an mp3 player

As you know, some sales are just gimmicks. On the other hand, the “sale” above is never promoted but one you need to get in on. If your employer offers spending (sometimes called reimbursement) accounts, take advantage. Through these plans you save the equivalent of your top tax rate multiplied by all your [...]

Continue reading about Strategy # 17: BIG SAVINGS on your medical, transportation, and child care expenses!

Michael on June 7th, 2007
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Today, in her fiscally fit column at WSJ.com, Terry Cullen discusses the difficulty of anticipating the right amount of money to put in your health care spending account.
You: Okay, remind me what this spending account thing is again?
Sure. Offered by many large employers, a flexible spending account (also known as a reimbursement account), allows [...]

Continue reading about The Inflexible Flexible Spending Plan