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Exploring the SECURE 2.0 Act, new rule allows transfer from 529 plans to Roth IRA

Tim Moomey, CFP from FSB Investment Center joined us to explain a new rule for 529 plans that many may not know about.

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How to Change the Beneficiary of Your 529 Plan

The 529 Plan is a tax-advantaged savings plan designed to encourage saving for future education costs. The beneficiary of the plan is the individual designated to use the funds for educational expenses. This plan is an excellent way to secure the educational future of a child or any designated individual. However, there can be instances […] The post How to Change the Beneficiary of Your 529 Plan appeared first on SmartReads by SmartAsset.

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Is A Roth IRA Better Than A 529 Plan?

Are you a parent looking for the best way to build a savings account for your child? Here’s a common question many seek the answer to.

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What Is The New Rule for 529 Plans In 2024?

Parents can now convert their child’s favorite college savings tool into a retirement savings tool. The question many people are asking is “How do you do it?”

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Financial Planner, understanding individual retirement accounts

Tim Moomey with the FSB Investment Center joined us to talk about 401k plans and other retirement plans that allow for employee contributions.Most plans of thos

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Concerns as MD-529 College savings plan repayments face federal taxes

Participants in MD-529, the state's college saving plan, are facing federal taxes on their repayments despite a tax-free promise from lawmakers.

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Maryland college savings plan director quietly resigns amidst controversy

The embattled executive director of the State’s college saving plan quietly stepped down from his position last month.Tony Savia’s resignation follows a year o

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Saving For College? Do This Before Year-End

If you live in a state that offers a tax benefit for 529 contributions your clock is ticking. Never miss a deadline or you could be leaving money on the table.

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Register for Iowa's end-of-year college savings giveaway before December 31 deadline

Iowa State Treasurer Roby Smith is reminding those in the Hawkeye State to register for the College Savings Iowa Year-End Giveaway before it ends December 31.

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Warning: Ability To Convert 529 Funds To Roth IRA Could Be Problematic

The new 529 plan to Roth IRA conversion is helpful, but there are a lot of pitfalls to avoid.

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