Getting Educated on Education Savings

529 plans can now be used to fund up to $10,000 of private school tuition per year. 529 plans are funded with after-tax dollars, but then all income and gains are sheltered within the plan over time, and withdrawals are free of both federal and state tax as long as the proceeds are used for … Continued

More Flexibility For 529 ABLE Accounts

Funds within 529 accounts can be transferred to 529 ABLE accounts for people who become blind or disabled before age 26. 529 ABLE accounts are available to those who become blind or disabled before age 26. Importantly, having assets in a 529 ABLE account does not limit the person’s access to key government benefits such … Continued

Mark Your Calendar

The beginning of any new year is a time for resolutions, like eating well, exercising, and flossing regularly. It is also a good time to think strategically about your financial life and, if necessary, resolve to implement a seasonal planning process that could make you “financially fit” by year end. A good place to start … Continued

Saving for Education: Are You Optimizing Your Child’s Custodial Account?

As the buzz of activity surrounding schools and universities increases, we’re reminded of the planning required to effectively save for our children’s higher education.  The options currently available to families interested in setting aside investments for higher education are primarily limited to custodial accounts and 529 plans.  Over the last decade, 529 plans have evolved … Continued