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Contributing an insurance deductible $1,000 will lower the taxable income within the $30,000 every single year person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000). For your $100,000 each year person, his taxable income decreases from $90,650 to $89,650 and saves him $280 (=28% of $1000) - almost double the!

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Back in 2008 I received an unscheduled visit from an attractive teacher who had got her tax assessment rewards. She had also chosen early retirement in November 2007. Yes, you guessed right. she'd taken the D-I-Y ( blank ) to save money for her retirement.

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