Helping pave the way towards financial freedom
A 529 plan is a tax-advantaged savings account designed to encourage saving for future education costs. They’ve been steadily growing in popularity over the 20+ years since they were created by the Internal Revenue Code. Most people know the basics, such as funds can be used for college and can also be tax-free upon withdrawal….
Education beyond high school is a significant decision that undoubtedly has HUGE implications on the rest of a student’s life. Financial and otherwise. As parents, we should be doing what we can to guide our kids. At the same time, we want them to be involved and vested in the process. College is not for…
I am often asked my thoughts on saving for a kid’s college. With the price of today’s college tuition, there is no wonder why! Parents can and should be planning for this, since the average yearly cost of a public out-of-state college is over $36k a year and growing (Source: CollegeBoard) First, as parents we…
In no particular order, here’s a few interesting things I read recently that I wanted to share: Saving in a 529 is great, for those who can afford it (CNBC, by Jessica Dickler and Sharon Eperson) Since the IRS created Section 529 of the Internal Revenue Code in 2006, this qualified tuition program (better known as…
In no particular order, here’s a few interesting things I heard and read recently that I wanted to share. Roth vs. Traditional 401(k): Study Finds a Clear Winner (Demetria Gallegos, Wall Street Journal) I am a big fan of the ROTH and help people find ways to be able to add money to it. Whether it’s…
In no particular order, here’s a few interesting things I heard and read recently that I wanted to share. Merrill Lynch’s Second Act For RIA Reinvention Is Revealed (Lisa Shidler, RIABiz) For many of you who know me, it’s no secret that I am super excited about my recent move to “full independence”. As a stand…