529 plans

Peg Creonte, president of government savings at Ascensus, explains how tax-advantaged savings programs can be a key to long-term financial wellness.

In addition to maxing out your 401(k) and 529 savings plans, add to your health savings account and make year-end charitable donations.

Gauging any possible changes to their health insurance coverage is just one consideration they must address before they retire.

The spike in the number of older employees in the workplace reflects a trend over the past decade.

Employees can now use the offering to pull money directly from their paycheck to save for college.

Workers can use Roth IRAs, 529 plans and — yes — life insurance to give their children a head start.

Grandchildren won't be able to have their own accounts until they are earning their own income, but they can be named beneficiaries.

Workers should urge their employers to offer this savings option in their 401(k) plans to save for emergency and unforeseen expenses.

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

The law allows clients the ability to make tax-free withdrawals for elementary and secondary school expenses.

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

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.

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.

The robo-adviser announced this week a partnership with the state of Nevada and Ascensus to offer its own 529 plan.