A Crash Course on How To Use a 529 Plan
A 529 is a tax-advantaged savings plan that gives you incentives to save money to pay for college or other higher education expenses. Pursuing your savings goal may mean the difference between a dorm with central air conditioning or experiencing sweltering summers. Here are some points to keep in mind when navigating your 529 plan.
Why You Should Be Taking a Hard Look at Your Investments Right Now
After big gains in stocks and mediocre returns for bonds, investors are taking on undue risk if they don’t rebalance their holdings, our columnist says.
The Road to High-Net-Worth: Strategic 401(k) Moves to Amplify Your Wealth
As one embarks on their journey toward a high-net-worth status, it’s crucial to understand that strategic planning and intelligent decision-making are essential for wealth generation and preservation. One of the most powerful tools at our disposal is the 401(k) retirement savings plan. The 401(k) allows employees to save and invest part of their paycheck before […]
Women’s Equality: Much Work is Still Needed
Women’s Equality Day is celebrated this year on August 26th. This event is a great time to reflect on the progress made and why women’s equality is so important. Progress is happening, but we still have much work to do to improve gender equality today.
I want to retire before 50, so I asked a financial planner for 4 tactics his clients use to retire early without sacrificing their lifestyle
Want to retire early? Here are four tactics that will help.
529 Plan: What it is, how it works, pros and cons
As the cost of higher education continues to rise and the problems of many Americans spending much of their adulthood mired in student debt is readily apparent, many are turning to tax-advantaged 529 savings plans to help fund their children’s education.
I asked ChatGPT for retirement advice — it had some good tips, but I’m glad I talked to an expert too
Asking ChatGPT isa good starting point, but its most important financial advice is to talk to a human.
Beneficiary Designations for Traditional IRAs and Retirement Plans
If you have a traditional IRA or participate in an employer-sponsored retirement plan such as a 401(k) plan, you are generally required to complete a beneficiary designation form with the IRA custodian or plan administrator. As you may know, the beneficiary or beneficiaries you name (you can generally name more than one) will receive the […]
Beneficiary Designations for Traditional IRAs and Retirement Plans
If you have a traditional IRA or participate in an employer-sponsored retirement plan such as a 401(k) plan, you are generally required to complete a beneficiary designation form with the IRA custodian or plan administrator. As you may know, the beneficiary or beneficiaries you name (you can generally name more than one) will receive the […]
Inheriting an IRA or Employer-Sponsored Retirement Plan
When the account owner of a traditional individual retirement account (IRA) or employer-sponsored retirement plan dies, the remaining funds in the account pass to the named beneficiary (or beneficiaries). Unlike many other inherited assets, these IRA or plan funds typically pass directly to the beneficiary without having to go through probate. (Probate is the court-supervised […]
