Kate Dore is a Nashville-based freelance personal finance writer and Candidate for Certified Financial Planner™ Certification. She teaches financial literacy with Junior Achievement and serves as Director of Public Relations for the Financial Planning Association of Middle Tennessee. Her work has been published in Business Insider, Financial Planning Magazine, and Simple Money Magazine.
Articles by Kate Dore
The Long-Term Benefits of Using an HSA
When you're ready to start saving for retirement, it's easy to focus on your 401(k) or IRA. But there's another account you should prioritize, too—your health savings account. These accounts offer three unique tax benefits, along with the opportunity for long-term growth.
3 min read •
HRA vs. MSA: What's the difference?
It's no secret that health care is expensive. The average family spends $8,200 per year—or 11% of their income—on health care, according to the Kaiser Family Foundation. That’s a good portion of a budget for any family. But luckily, tax-advantaged health accounts may offset some of the out-of-pocket costs.
3 min read •
Trustee-to-Trustee Transfer vs. Direct Rollover: Which is the Safest?
Are you ready for a new health savings account, but nervous about making the switch? It's normal to feel uneasy about the logistics of moving accounts, especially when the stakes are high. One wrong move could trigger an unexpected tax bill—with a costly penalty, to boot.
2 min read •
How does a health savings account affect my taxes?
When you contribute to your HSA, the money goes in before you pay taxes. A portion of your paycheck goes into your HSA and then you pay taxes on the rest of your income. This strategy lowers your taxable income. If you choose to contribute to your HSA post-tax, those contributions are tax deductible.
7 min read •
How to take advantage of a health savings account deduction
After ringing in the New Year, you may be ready for a fresh start with your money. Sticking to a budget, saving more, and paying off debt are all worthy resolutions. You should also prepare for your income tax return. It may be tempting to ignore it until April, but putting it off could increase your chances of mistakes.
6 min read •
The Best Employee Benefit Packages
For most employees, compensation is a lot more than a competitive salary. With the country’s unemployment rate hovering around 3.5 percent , competition for the best talent is fierce. Top employees may expect to receive popular benefits like health insurance, paid time off, retirement savings plans, wellness and family benefits, and more.
3 min read •