Maximizing Your Education Savings: Converting 529 Plans to a Roth IRA
Under the SECURE 2.0 Act, 529 plan account holders can now rollover leftover funds to a Roth IRA, offering greater flexibility and tax-free growth. While the new legislation can be a welcome addition to a family’s financial planning toolkit, it’s important to consult a tax advisor to understand the rules and take full advantage of the opportunity.
Staying the Course: Market Volatility During Presidential Elections
It may be tempting to act on short-term market movements that come with the volatility and uncertainty of an election year, but your best outcomes for achieving long-term financial goals come from staying the course. Consult your financial advisor to revisit your plan and combat uncertainty.
What Can You Buy with 529 Distributions?
529 distributions can now cover a range of educational expenses along with college, including K-12, private and religious, vocational, and international institutions. Other qualified expenses may include housing, books, special needs services, and technology. Be sure to consult your tax advisor to navigate state-specific rules and eligibility.
Insurance Needs Assessment
Insurance needs change as life progresses, providing financial protection across milestone events, such as marriage, children, short-term disability, long-term disability, and retirement, to name a few. Our experts offer insurance assessments for all your coverage to provide maximum protection of your assets.
The Value of Insuring Against Life’s Risks
A surprising number of Americans are without basic insurance protection that mitigate risk and protect assets. Life, disability, and property insurance provides security and reduces the threat of financial loss against everyday occurrences.
Five Most Overlooked Tax Deductions
Americans regularly overpay taxes because they fail to take tax deductions for which they are eligible. Let’s take a quick look at the five most overlooked opportunities to manage your tax bill: reinvested dividends, out-of-pocket charity, state taxes, Medicare premiums, and income in respect of a decedent.