Ascensus exec: 529 and ABLE plans can shore up families’ financial futures
Peg Creonte, president of government savings at Ascensus, explains how tax-advantaged savings programs can be a key to long-term financial wellness.
529 plans
Year-end portfolio tweaks for an unusual year
In addition to maxing out your 401(k) and 529 savings plans, add to your health savings account and make year-end charitable donations.
Should clients change their retirement plans because of coronavirus?
Gauging any possible changes to their health insurance coverage is just one consideration they must address before they retire.
Older workers are staying in the job market. Here’s why
The spike in the number of older employees in the workplace reflects a trend over the past decade.
SoFi adds 529 contributions to employer benefit plan
Employees can now use the offering to pull money directly from their paycheck to save for college.
Employees should be thinking about their kids’ retirement, too
Workers can use Roth IRAs, 529 plans and — yes — life insurance to give their children a head start.
Should clients use a Roth IRA for college expenses?
Grandchildren won't be able to have their own accounts until they are earning their own income, but they can be named beneficiaries.
Clients should ask employers for this powerful 401(k) upgrade
Workers should urge their employers to offer this savings option in their 401(k) plans to save for emergency and unforeseen expenses.
What to do with your 401(k) plan? Consider moving it to an IRA
From a tax perspective, cashing out an old 401(k) plan can be a wrong move, as this option will trigger income taxes plus penalty
How the tax overhaul expands 529 benefits
The law allows clients the ability to make tax-free withdrawals for elementary and secondary school expenses.
Year-end strategies to save money on taxes
Those who leave the workforce and are sitting on losing investments may do tax-loss harvesting, or they may donate their winning holdings to a charity to avoid the capital gains tax
Roth IRA, 529, insurance: What’s best for college savings?
Each plan has pros and cons: Clients who own a Roth IRA for at least 5 years are entitled to penalty-free withdrawals for education expenses, but they'll owe income taxes on those earnings.
Roth IRA, 529, insurance: What’s best for college savings?
Each plan has pros and cons: Clients who own a Roth IRA for at least 5 years are entitled to penalty-free withdrawals for education expenses, but they'll owe income taxes on those earnings.
Wealthfront expands into college savings
The robo-adviser announced this week a partnership with the state of Nevada and Ascensus to offer its own 529 plan.
Industry reps warn DOL fiduciary rule will gut retirement advice
Of the many industry critiques of the Department of Labor's fiduciary proposal, one of the most oft-repeated is the assertion that new regulations would cut off access to advice for low- and middle income investors precisely the segment of consumers the initiative aims to protect.
DOL extends comment period on fiduciary proposal
The public has until July 21 to submit comments on the proposal that would expand the fiduciary standard to thousands of brokers and advisers who provide retirement investment advice.
By
Phil Albinus
3 myths about 529 benefit plans
May 29 is 529 Day, a national observance that acknowledges the importance of the college savings tool, but 66% of Americans still dont understand what 529 plans are.
529 plans help employees invest in childrens futures
When saving for the future, many people opt focus on their childrens opportunities rather than their own. The College Savings Plan Network encourages employers to offer benefits options, such as a 529 college investment plan, to help their employees save for their childrens college educations.
Providing a comprehensive total employee benefits package
It's important for employees — even those who've been with the same company for years — to reevaluate their needs and make sure they’re getting the most out of the benefits you're offering.
Obama to drop proposal to repeal 529 college tax break
President Barack Obama is dropping his proposal to tax the earnings on college savings accounts, responding to criticism of an idea the White House announced 10 days ago.