FSA vs HSA: What is the Difference?
Healthcare costs can be expensive, even for the healthiest people. Even if you have health careinsurance, you may want to take advantage of other options for saving for medical expenses notcovered by insurance. Outlined below are some of the differences between the two most commonaccounts offered to individuals and families, health savings accounts (HSA) and […]
Medicare Open Enrollment: Changes and Dates to Know
Medicare Open Enrollment for 2025 is just around the corner, running from October 15 to December 7, 2024. During this time, Medicare participants can review and make changes to their Medicare plans, ensuring they have the right coverage for the year ahead. To prepare for the upcoming enrollment period, below are a few notable changes […]
Sunset of the 2017 Tax Cuts and Jobs Act
With the presidential election upon us in just a few short weeks, you may be asking yourself what tax changes may be on the horizon. While each candidate may have their own strategies and ideas for new tax policies, it remains unclear what new tax legislation would make it through Congress and ultimately be signed […]
Using an After-Tax 401(k) to Boost Retirement Savings
One of the most popular retirement savings vehicles available to employees is a 401(k) plan. These plans offer tax-deferred contributions, where plan participants reduce their taxable income and defer tax responsibilities until withdrawing funds from the plan in retirement. While most of the contributions to 401(k) plans are made via pre-taxed income, it is possible […]
The Secrets of Longevity & Happiness: Lessons from Dan Buettner’s Blue Zones
Have you ever wondered what the secret is to a long and happy life? Minnesota native Dan Buettner has dedicated the last two decades to researching this with National Geographic, exploring the globe and discovering “blue zones,” or communities — demographic and geographic areas of the world — where people are most likely to live […]
The Comprehensive Role of Life Insurance: Thinking Beyond Immediate Needs
Life insurance serves a dual purpose: addressing immediate financial obligations like funeral expenses and providing long-term financial security for family members and beneficiaries. Beyond these fundamentals, life insurance plays a crucial role in establishing a stable retirement for surviving spouses and supporting business continuity through buy-sell agreements. Ensuring Security of Surviving Family Members For married […]
Minnesota Estate Tax for Florida and Arizona Residents
Earlier this year, JNBA Financial Advisors had the pleasure of hosting Chad Carr, an estate attorney and partner from Twin Cities-based firm Stadig Johnson to share his expertise with our Advisory Team regarding Advanced Estate Planning Strategies for those subject to Minnesota Estate Tax. While Estate Tax can be fairly straightforward, there are some nuances […]
Watch out for these tax scams!
Taxation can be a complex landscape, rife with potential pitfalls and scams that unsuspecting individuals and businesses may encounter. Here we delve into the IRS’s Dirty Dozen tax schemes, highlighting the most frequent scams that taxpayers are encountering. 1. Syndicated Conservation Easements: Conservation easements serve as important tools for protecting natural habitats while providing tax […]
Self-Employed Retirement Savings
Self-employed individuals inherently make a lot of decisions on a daily basis. One decision that can seem daunting but should not be overlooked is what type of retirement plan to utilize. As a self-employed individual, saving for retirement can be difficult. The potential of fluctuating income, , higher health care costs, and everyday expenses of […]
Six Considerations Before Buying a Second Home
Buying a second home can be an alluring prospect. Before you decide to purchase one, there are several items to consider. These include the costs associated with owning a second home, the attributes of the home, its rental potential (if you plan to rent it out when you are not using the property), and the […]