Personal Financial Planning

Read time: ~5 minutes

529: no federal deduction, tax-free qualified growth/withdrawals, front-loading gift election
Can't use education credits for the same expenses paid with tax-free 529 money
Life insurance proceeds income-tax-free but in the gross estate if incidents of ownership (use an ILIT)
Disability: employer-paid premium → benefits taxable; after-tax premium → benefits tax-free
HSA = triple tax advantage (deduct, grow, withdraw for medical) and rolls over indefinitely