Bowers Private Wealth Management

10/16/2026

Is a roth conversion worth it?

It means you pay taxes now on money you'd otherwise pay taxes on later, in exchange for tax-free growth. It can make sense in a lower-income year, but converting too much can push you into a higher bracket.

10/14/2026

10/14/2026

Most people only use about a third of what their HSA can actually do.

With open enrollment season here, it's worth a second look.

We're covering the triple tax advantage, a new rule that opens up HSA eligibility for a lot more people, and some lesser-known ways to use the funds you've already built up.

Full details in our latest newsletter.

If you have a health savings account, there's a good chance you're only utilizing about a third of its capabilities. Most people treat it as a place to park money for copays and prescriptions, then forget about it. There's a better way to use it, and with open enrollment approaching, now's a good ti...

10/13/2026

Can leftover 529 funds really be rolled into a Roth IRA?

Under current rules, yes, within limits, and only once the account has been open long enough.

It's a newer option that's changed how we think about 'overfunding' a 529

10/13/2026

Most people think of an HSA as the account they use for copays, prescriptions, and doctor visits.

But an HSA can do considerably more.

Contributions can reduce taxable income. The money can grow tax-deferred. And withdrawals for qualified medical expenses are tax-free.

That's the famous "triple tax advantage."

But the less obvious benefits may be just as interesting. HSA funds can potentially help with long-term care costs, Medicare premiums, and healthcare expenses in retirement.

An HSA isn't just an account for today's medical bills. For some people, it can become an important part of a long-term financial plan.

10/09/2026

The 401(k) strategy that worked for you in 2025 might not work the same way in 2026.

Contribution rules are shifting, particularly around catch-up contributions for people turning 50 and older.

How those amounts get taxed isn't identical for everyone this year.

Starting in 2026, if your wages from your employer were over $150k (indexed for inflation) in the previous year, your catch-up contributions must be in Roth.

While that means these catch-up contributions won’t reduce current-year taxes, it also means you get to build up your Roth account.

Autopilot is convenient until the rules underneath it move without telling you.

Does it still make sense for you to make the catch-up contributions, or should you invest those funds elsewhere?

10/08/2026

Quick question: when's the last time you actually thought about your HSA?

If it's just sitting there as a place to swipe a debit card for copays, you're missing most of what it can do. We put together a full breakdown of the triple tax advantage, how to use it for long-term care and Medicare costs, what happens to it when you pass away, and a new rule this year that opens the door for a lot more small business owners. Worth a read, especially if you haven't looked at your HSA strategy in a while.

Your HSA does more than cover doctor visits. Here's how the triple tax advantage and a few underused features can help you get the most out of one of the most powerful accounts you own.

10/08/2026

Quick question: when's the last time you actually thought about your HSA?

If it's just sitting there as a place to swipe a debit card for copays, you're missing most of what it can do.

We put together a full breakdown of the triple tax advantage, how to use it for long-term care and Medicare costs, what happens to it when you pass away, and a new rule this year that opens the door for a lot more small business owners.

Worth a read, especially if you haven't looked at your HSA strategy in a while.

Your HSA does more than cover doctor visits. Here's how the triple tax advantage and a few underused features can help you get the most out of one of the most powerful accounts you own.

10/07/2026

Our clients are busy, successful business owners, executives and IT & Biotech professionals whose lives revolve around balancing the demands of their businesses, the needs and desires of their families, and their personal aspirations.

Primarily concerned about managing their tax burden and making sure their retirement income will support their desired lifestyle, they also want reassurance that their bases are covered, and they haven’t missed an important opportunity.

All financial planning clients receive an initial financial plan and regular progress and review meetings 2-4 times per year, based on complexity.

Our open-door policy means you’re welcome to reach out to us whenever questions arise, and we’ll respond as quickly as possible.

We’re here to provide guidance and support with any financial decisions life sends your way.