The Banks Carter Blog
The Banks Carter Group
The triple tax break hiding in your health plan
October 6, 2026 - Rory BanksA couple of years ago our daughter had ear tubes put in, and I was glad we’d spent years building our HSA. Here’s the plain-English version of the HSA’s triple tax break, the 2026/2027 limits, and why some families treat it as a retirement account.
Read moreTrump Accounts: What Parents Should Know
October 5, 2026 - Rory BanksThis summer we opened Trump Accounts for both our kids. Here’s the plain-English version: who gets the $1,000 Treasury deposit, how much you can put in, how the money gets taxed, and why we see ours as a head start on retirement, not a college fund.
Read moreOld 401(k)s: What to Do With the Ones You Left Behind
October 6, 2026 - Rory BanksYears ago, I rolled an old 401(k) into my new employer’s plan without weighing the alternatives. With 31.9 million old 401(k)s sitting forgotten, here’s the plain-English version of your four options and the rollover mistake that can turn into a tax
Read moreTrump Accounts vs. 529s: Which One Pays for College?
October 5, 2026 - Rory BanksWe opened Trump Accounts and 529s for both our kids, and parents keep asking if the Trump Account can pay for college. It can, but taxes and FAFSA treat the two very differently. Here’s what the same $20,000 tuition bill looks like coming out of each
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