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Employees can now use the offering to pull money directly from their paycheck to save for college.August 19
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Workers can use Roth IRAs, 529 plans and — yes — life insurance to give their children a head start.July 11
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Grandchildren won't be able to have their own accounts until they are earning their own income, but they can be named beneficiaries.April 9
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Workers should urge their employers to offer this savings option in their 401(k) plans to save for emergency and unforeseen expenses.December 7
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From a tax perspective, cashing out an old 401(k) plan can be a wrong move, as this option will trigger income taxes plus penaltyAugust 20
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The law allows clients the ability to make tax-free withdrawals for elementary and secondary school expenses.January 9
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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 taxDecember 20
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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.March 24
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The robo-adviser announced this week a partnership with the state of Nevada and Ascensus to offer its own 529 plan.June 2
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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.August 11
