The Social Security wage base for employees and self-employed people is increasing in 2024
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The Social Security wage base for employees and self-employed people is increasing in 2024

Certain business owners and some of their employees don’t have to pay Social Security tax on all their wages. Amounts above a threshold aren’t subject to Social Security tax. The “wage base” for 2024 was recently announced by the Social Security Administration.

Maximizing Health Care Savings in Retirement With an HSA
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Maximizing Health Care Savings in Retirement With an HSA

Depending on your medical needs and those of your family, you may have enrolled in a high-deductible health plan that allows you to pay for medical expenses using a health savings account (HSA). Because contributions go into an HSA pre-tax, grow tax-deferred and are distributed tax-free when used for qualifying costs, this option has gained popularity over the last several years.