Retirement Plan Limits for 2024
Some key limits for retirement account savers are higher in 2024.
May 29 is 529 College Savings Day, and some states are giving kids a chance to win money
On May 29, many states and financial institutions hold promotional events to raise awareness of some of the best 529 plans for college savings. A 529 plan is a state-run, tax-advantaged financial account designed to help people save on future education expenses like college and vocational school. It can help grow savings despite today’s skyrocketing […]
529 College Savings Plans: A Cheat Sheet for Common Questions
Whether your child was just born or is heading toward high school graduation, a 529 savings plan may help you put aside funds to pay for college expenses without paying taxes (federal and some states) on any dividends and gains.1 However, 529 plans have some specific rules, regulations, and restrictions that parents must know before […]
Emergency Savings or Your Retirement Goals?
Deciding which one comes first so you know where to focus your efforts When it comes to personal finance, there are a number of competing priorities that can make it difficult to determine where to focus your efforts. For many people, the choice between building emergency savings and working towards their retirement goals is one […]
Going to the (Stock) Market: Investing Tips for Mothers
Mothers are busy people, which means saving and investing for the future can often take the back burner to more urgent priorities. Not only that, but the stock market can seem risky. During the Great Recession, the value of the average retirement account dropped greatly, by about 25%.[1] Unfortunately, if you did not start investing […]
Pursue Financial Fitness Like You Do Your Physical Fitness
Individuals who exercise regularly and focus on better health, developing their bodies, stamina, and mental clarity understand what it encompasses. There are steps that people take when they engage in physical fitness and work toward specific goals. The blueprint to your physical fitness is not much different from the plan you create to pursue your […]
Smart Strategies for Staying Ahead in Uncertain Markets
Over the past few years, the market has appeared to be on a rollercoaster, providing investors with moments of excitement followed by heart-palpitating anxiety. Staying ahead during uncertain market activity seems impossible, but smart strategies exist that can help you mitigate some of the risk of investing, particularly during uncertain market periods. Willingness to be […]
6 Money Myths That Are Limiting Your Wealth
When people think of “myths,” they often think of such stories as Pandora’s Box (the woman who took the lid off of a jar releasing all of the world’s ills upon the world, were taxes one of them?), or the Tale of Prometheus (who stole fire from his fellow gods to give to humans and […]
So You Think You Might Need A Financial Professional? A Guide to National Financial Advisor Day
National Financial Advisor Day is a celebration on April 18 of each year. This date is a time to explore the world of financial professionals and understand how they may help you navigate the complexities of managing your money. Whether you’re new to working with a financial professional or considering seeking more financial assistance, this […]
It’s Not Too Late to Become Financially Literate
Financial literacy is crucial to a solid financial future and an enjoyable retirement. No matter your age, when you understand how to manage your money and finances, you can make sound financial decisions and take the needed steps toward your financial goals. So, if you are approaching retirement and want to improve your financial literacy, […]
