Now that the new Secure Act 2.0 has been passed, there are several new changes that could impact you and your finances. Fortunately, some of those changes might help you boost retirement savings and maximize certain investments. Here are some key points of the law, and what they might mean for you: Secure Act 2.0: […]
Overfunded 529 plans & your options
529 plans are a very popular college savings option, thanks in big part to their flexibility and tax perks. For most people, 529 plans have plenty of room for growth. The contributions for these plans are considered gifts for tax purposes. So that means you can contribute up to $15,000 per account, and so can […]
How much should you fund a college savings account?
If you’ve got young kids, you probably have a lot on your mind. You might be saving for a different home, a safer car and your retirement fund. But on top of all that, you might also be concerned about saving for college. How much should you actually save in a college savings account? There […]
Selecting the Best College Savings Plan for You
College tuition prices continues to climb, so keeping your child’s future education costs in mind is a smart idea. The sooner you begin saving, the better return you’ll have on those savings. There are different ways to save for college, and they each have their strengths and pitfalls. Planning for your child’s education can be […]
Is a 529 Plan the Best Option for College Savings?
If you’re interested in saving for your child’s college education, you’ve probably heard of the 529 plan. Many parents and families choose it as their college savings vehicle because it’s so well known, but it is not the only option. It’s important to consider all the aspects of a 529 plan. Just like with any […]