Photo credit: Getty Getty A health savings account (HSA) is an ideal way to set aside money for future health expenses. Any money you don’t use this year can be used in future years. If your HSA administrator allows, it can be invested so that it can compound and grow like an IRA. Unlike an
Taxes
If you drive a car, I’ll tax the street, If you try to sit, I’ll tax your seat. If you get too cold, I’ll tax the heat, If you take a walk, I’ll tax your feet. —–TAXMAN – The Beatles – 1966 This is an apolitical statement: at Proficio Capital we believe with a high
Shutterstock If you actively trade securities, futures, forex or crypto, consider setting up a trading business to maximize tax benefits. With a sole proprietorship, a trader eligible for trader tax status (TTS) can deduct business and home-office expenses and make a timely Section 475 election on securities for tax loss insurance and a potential qualified
Unless you’ve been involved in a lawsuit, you may not know about structured settlements. You may have heard of them on late night TV. “It’s your money,” some TV ads will exclaim. “Cash in your structured settlement and use your money now!” These TV ads are from factoring companies that buy up lawsuit structured settlements, but how do
US Senator Bernie Sanders speaks during a press conference to introduce college affordability legislation outside the US Capitol in Washington, DC, June 24, 2019. Photo credit: SAUL LOEB/AFP/Getty Images) AFP/Getty Images Presidential hopeful Sen. Bernie Sanders (I-VT) has introduced a plan to cancel all U.S. student loan debt. The debt, which currently totals $1.6 trillion,