Page 24 - Secure Act News Today

College is a major expense for many families, but a payment strategy can provide significant tax savings, according to a college funding expert.

The 529 College savings plan allows you to take the invested money our tax-free and use for tuition and other qualified expenses for college or K-12.

Adam Shay, CPA (NC License Number 35961), MBA, is managing partner of Adam Shay CPA, PLLC. Over the last 13 years, the firm has grown from a one-man shop to one of the largest firms in the Wilmington area. Adam focuses on minimizing taxes and improving the financial results of entrepreneurs. Those results are obtained by taking a proactive approach to all aspects of taxes and financials. Adam is actively involved in supporting the Wilmington entrepreneurial and startup community. He earned a Bac...

While a third of Canadians are very or extremely confident they’ll be able to retire at the age they want to, around 40 per cent are somewhat confident and a fifth say they don’t think they’ll be able to retire at all, according to MFS Investment Management’s 2022 global retirement survey. “Those stats for the […]

Secure Act 1.0 adds new considerations for spouse beneficiaries.

We are currently in the midst of the "great wealth transfer": A recent study found that $53 trillion in wealth will be transferred from boomers onto the next generation between now and 2045. If you're...

From contributions to conversions to distributions, don't fall into these traps.

Average retirement account balances increased by 5% from last quarter, in positive movements.  

The majority of Americans still see higher education as a priority, but the portion who correctly identified a 529 plan has fallen to 34%.

The passage of the Secure Act also made it easier for employers to offer annuities as one retirement savings plan option. Going forward, insurance companies,…