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Can my spouse open an HSA?

Generally, no. As long as your spouse’s non-HDHP does not cover you, you remain an eligible individual and can participate in an HSA. As long as you are c...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Can you open a joint bank account with one person present?

Can you open a joint bank account without the other person present? This depends on the bank or credit union. Some banks will allow you to open a joint ac...

What percentage should I set aside for taxes self-employed?

15.3% How much money should a self-employed person put back for taxes? The amount you should set aside for taxes as a self-employed individual will be 15....

Can I look up savings bonds by name?

You can locate any outstanding or unclaimed savings bonds in your name by consulting with the TreasuryDirect service operated by the federal government. C...

What happens if you live in NJ and work in NY?

Although in some cases you may be able to deduct travel expenses, this applies only if your duties require you to work away from your main place of busine...

What do you say to someone who is going through a hard time?

Ideas to consider include: “Thank you for all you do for us, but now is a time to take care of yourself as well.” “I’m proud of you.” “I hate that you’re ...

What is future value of cash flow?

The future value, FV , of a series of cash flows is the future value, at future time N (total periods in the future), of the sum of the future values of a...

What questions can Economics answer?

In order to meet the needs of its people, every society must answer three basic economic questions: What should we produce? How should we produce it? For ...

What is a good number for times interest earned ratio?

From an investor or creditor’s perspective, an organization that has a times interest earned ratio greater than 2.5 is considered an acceptable risk. Comp...

Can you put money back into 401k after withdrawal?

Remember, once you take the money out of your plan using a hardship withdrawal, you can’t put it back in and you lose for life the tax advantage on those ...