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Cracker Barrel to pay for outgoing CEO's security, $4.6M severance after failed rebrand Fox BusinessJulie Masino, Cracker Barrel CEO Who Oversaw Logo Change, Steps Down nytimes.comI went to Cracker Barrel. The new CEO should keep the logo and update the menu. Business InsiderFrom Cracker Barrel to Boeing, Companies Are Turning to Retired CEOs WSJ
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Secret Service 'illegally' surveilled Comey in Trump '8647' threat case: court filing CNBCTrump Demanded Details of Agents' Interview of Comey, New Filing Says nytimes.comComey alleges Trump pushed prosecution over ‘8647' seashell post The GuardianComey claims DOJ ordered illegal surveillance in new motion seeking dismissal of Trump threat charges CBS News
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Strategists at the bank, led by Max Kettner, are betting on equities as they have remained resilient despite geopolitical volatility and pullbacks in the technology sector.
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Russia charges Telegram founder Pavel Durov with aiding terrorism, seeks his arrest CBS NewsRussia Charges Telegram's Founder With Facilitating Terrorism The New York TimesRussia charges Telegram founder Durov with aiding terrorism, he gives Moscow the finger ReutersFSB Issues Arrest Warrant for Pavel Durov for Aiding Terrorism The Moscow TimesRussia charges Teleg
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Rand Paul threatens to hold Fauci in contempt after he declines to answer questions The Washington PostDr. Anthony Fauci repeatedly invokes the Fifth in dramatic Senate hearing about Covid pandemic CNNTrump Administration Live Updates: Fauci Pleads Fifth in Senate Hearing on Covid Origins nytimes.comFauci And Rand Paul Face Off Wednesday—What To Know About Diary Forbes
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Too many young professionals are leaving Uncle Sam an enormous tax gratuity. How are they doing this? By not taking full advantage of the triple tax benefits of a health savings account. I've yet to meet anyone who wants to pay more taxes. Many do not mind paying their fair share, but they do not want to leave a tip.
SEE MORE ‘I Can't Retire - I Need Health Insurance'
An early to mid-career professional with a high-deductible health plan (HDHP) could be missing out on six figures of lifetime tax savings. With open enrollment for health insurance around the corner, it's time to understand and utilize the benefits of your HSA.
What Qualifies as a High-Deductible Plan?
For 2023 a high-deductible health plan is defined by the IRS as one with a deductible not less than $1,500 for self-only coverage or $3,000 for family coverage, and for which the annual out-of-pocket expenses do not exceed $7,500 for self-only coverage or $15,000 for family coverage. Healthy young professionals are prime candidates for an HDHP. That is because many of them need minimal medical care; they visit the doctor annually and have no or few drug prescriptions.
Because their medical expenses are low, money contributed to a health savings account can be used to generate significant tax savings while also building a large health care nest egg.
What Are the Triple Tax Benefits of HSAs?
Contributing to a health savings account provides a triple tax benefit:
First, anyone who
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After two years of a red-hot market, it's time real estate and mortgage professionals get ready for what could be a slowdown in their business.
Earlier this summer housing prices were on fire. Now there is talk of a "housing recession." Due in part to higher mortgage rates and more people vacationing this summer, U.S. existing home sales fell in July for the sixth straight month, the longest streak of declines in more than eight years.
SEE MORE Is Your Job Burning You Out?
One of my clients in the Midwest put his home up for sale recently and has had no interested buyers - none. A few months ago, we were certain it would sell in days. The plan was to sell the house and pay off their construction loan on their new home before it converted to a permanent mortgage. Now, that plan may need to change.
Several mortgage companies have already let go thousands of employees, and one company, Sprout Mortgage, based in East Meadow, N.Y., shut down in early July. Real estate brokerage companies, such as Compass and Redfin, have also slashed their workforce.
Real estate is cyclical, and while sales will not totally dry up, anyone tied to the industry should get their finances in order now in case the current downturn lasts another several months.
Here are a few moves to consider:
Build an Emergency Fund Twice as Big as a Salaried Worker's
No one wants to get caught borrowing money to pay their bills. While putting away enough money in a savings or money market account to cover six months of expenses is normal, it's best to plan for a longer period if you work in a cyclical industry.
Consider keeping six to 12 months of r
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