Changes To Use of 529 Education Savings Accounts

529 Planning

Grandparent Owned 529s Historically when qualified distributions were made from grandparent owned 529 accounts those withdrawals were treated as untaxed student income on the FAFSA. This was important for those students who were using 529s to fund their college expenses but also applying for and using grants and scholarships that used the FAFSA. Student income […]

COVID Student Loan Relief Ending-3 Things To Do Now

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First payments due 2/1 as the relief expires 1/31/22. Private Loans could be consolidated at record low interest (you can do this with federal loans as well but only through private banks which disqualifies you for any forgiveness programs). Make sure your contact information is up to date including payment method.  Many servicers stopped managing […]

10 Steps to a Prepared Retirement

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Retirement can be an exciting stage of life to think about but can also be stressful. Be sure to consider all the pieces that go into retirement planning before you make a life changing decision. 1. CAN YOU AFFORD TO RETIRE NOW?The first step into retirement preparation is to verify when you can afford to […]

Long-term care: So, how can you afford it?

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Just as there are many kinds of long-term care services and supports, so is there a wide range of costs for them. And while some people may qualify for a public program to help pay for these expenses, most people use a variety of options, including long-term care insurance, personal income and savings, life insurance, […]

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