The government just loves to roll out new investment tools and then spend the next 50 years tinkering with the rules. 529 college savings plans are no different. Lately there is good news and bad news on the legislative front. The good news, and this is HUGE, is that with the SECURE 2.0 Act, parents…
There are a lot of myths around 529 plan that keep people from opening an account. I’m not suggesting that everyone must use a 529 account to save for college (see next week’s blog for alternatives). However, it is a slick tool and I hate to see people NOT using it because of misinformation. So…
Writing blogs every week is hard work. Therefore, I love a nice series. Even better when it coincides with a season. August being back-to-school month seemed like a good time to share some college planning info from Michael Van Boening at College Invest. First up, FREE MONEY! Did you know you may be able…
What do Warren Buffett and Winston Churchill have in common? Other than being famous, portly white dudes who have looked old since they were 30? It’s their ability to put great life advice into a pithy quote. Here are three good ones from Warren Buffett (out of a list of 34 in this article)…
Picking up from last week, this blog is not about predicting the economy. Even the definition of a recession is subject to debate. It’s always good to be ready for a recession, since we don’t know when the next one will hit. For those of you still working, the biggest risk is losing your job…
Don’t hit the panic button; I’m not predicting a recession this month/summer/year/decade. I don’t know when the next recession will be any more than the talking heads on TV (trust me, they don’t know either). But, as the scouts say, it’s always good to be prepared. Prepared for a recession means different things at different…
We are fully into summer and there are so many things to do: Hike, brunch on a patio, outdoor concerts, see a baseball game (well, maybe more you than me) and of course, READ. Preferably near a body of water. In the spirit of putting your goals out there to create accountability, here are three…
Why don’t people get wills and powers of attorney in place? We know it’s the right thing to do for our families, yet it seems so hard to get started. And finish! Here with some ideas is guest blogger Jennifer Gordon, partner at Hawkins Goddard Attorneys at Law. KS: What are the top three…
Yay, inflation! No, really. Thanks to high inflation, interest rates have gone up (sorry borrowers) so that people who want to keep a stash of safe money and actually earn interest on it may do so. Money markets at 4%? CDs at 5%? I can barely remember the last time safe money sounded this good.…
So much is written/discussed/screamed about regarding the Social Security trust fund running out by…name the date – it keeps changing! I think most recently I heard 2034. Does that mean Social Security will no longer be paid? No, but if Congress doesn’t get in gear, there could be some cuts for retirees. Bigger ones for…
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