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.

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.

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.

May 29 is 529 Day, a national observance that acknowledges the importance of the college savings tool, but 66% of Americans still don’t understand what 529 plans are.

When saving for the future, many people opt focus on their children’s 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 children’s college educations.

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.

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.