There are many planning strategies you can take before the year ends to help potentially reduce your 2022 tax liability and maximize your financial plan as we move into 2023. Most investment-related strategies must be complete by December 31, 2022, so it is important to act now.

Medicare open enrollment is from October 15 – December 7th. This is an important time to review and/or modify healthcare coverage whether you are new to Medicare or have been a recipient for many years. Here are a few things to know during this period. 

If used properly, Health Savings Accounts (HSAs) can provide a tax deduction on the front-end, tax-deferred growth on earnings, and tax-free withdrawals when used on qualified expenses. With a notable increase in healthcare costs over recent years, HSAs may be a great tool for you to mitigate those costs in the future. 

Are you nearing 65? It’s time to evaluate the coverage options and deadlines surrounding Medicare. We walk through some of the main considerations regarding timing, coverage, and avoiding penalties. Make sure you are informed for this next stage of life!

2020 Medicare Open Enrollment is Oct 15 - Dec 7. Have you reviewed changes to your plan? Make sure your 2021 plan fits your needs.

1 in 5 elderly people have experienced some form of financial abuse. You can protect your parent or loved one from fraud by being aware and involved.