What can I use HSA funds for?
Posted: March 13, 2024
Health Savings Accounts (HSAs) have become a popular tool for managing healthcare costs while enjoying tax advantages. Understanding the scope of qualified medical expenses that can be paid for with HSA funds is crucial for maximizing the benefits of this financial tool. Let’s delve into the specifics of what you can use HSA funds for. Qualified Medical Expenses HSAs are designed to cover a wide...
Organize Your Garage Like A Pro
Posted: March 11, 2024
Somewhere around 30% of all garages are used for household storage instead of vehicle parking, according to organizational experts.If this sounds like you, it might be time to tackle the clutter. And you just might be able to organize your space and reclaim your parking spot. Here are some quick tips to help organize your garage and finally get that car inside.Storage hacks to get...
When to Consider an Irrevocable Life Insurance Trust
Posted: March 7, 2024
Life insurance is a crucial financial tool that provides a safety net for your loved ones in the event of your passing. However, simply purchasing a life insurance policy may not be enough to ensure maximum benefits for your heirs. One strategic approach to consider is setting up an Irrevocable Life Insurance Trust (ILIT). Let’s delve into the key factors that signal when it’s time...
Solar Eclipse Safety: 3 Things To Know
Posted: March 7, 2024
Here comes the sun…On Monday, April 8, 2024, a total solar eclipse will cross over parts of Mexico, the United States and Canada. United States cities from Texas to Maine are considered to be in the “path of totality,” including Erie, Pennsylvania, where Erie Insurance’s Home Office is located. While a solar eclipse doesn’t bring the type of immediate destruction you’d see from other natural...
Is Life Insurance Taxable?
Posted: March 6, 2024
Life insurance is a great way to ensure financial security for your loved ones. However, one question that often arises is whether or not life insurance proceeds are taxable. In general, life insurance proceeds are not taxable, but there are some exceptions to the rule, so let’s explore how different types of policies may be treated for tax purposes. When Is Life Insurance Not Taxable?The...
