Secure Act 2.0 Now Allows for 529 to Roth IRA Rollovers Secure ACT 2.0, passed by Congress late last year (read more about it here) added a nice new quirk to help college savers with unused funds they have put into a 529 plan. Starting in 2024, beneficiaries of [...]
Having trouble sleeping at night? Enjoy reading enormous stacks of congressional papers? Well, you are in luck! Last month, congress signed into law Secure Act 2.0, which made a few big adjustments to help Americans increase the amount of money they are saving for retirement. The entire bill was [...]
One of the most important pieces of the college financing puzzle is the Free Application for Federal Student Aid (FAFSA). Without the FAFSA, a college student is unlikely to be able to apply for or receive certain types of federal student aid, including federally subsidized student loans. What [...]
If one or more of your children will reach college age soon, you may be wondering how you will manage all the costs. For many families, a financial aid package provides some level of tuition support in the form of grants, scholarships, loans, or work-study placements. Aid is primarily [...]
With college costs increasing each year, many new Lockheed Martin parents are trying to figure how to start saving for their kids' college educations. What's the best way to get a college savings account started? Let's look a few options. Savings account The easiest and quickest way to [...]
Extra money in the budget? Maybe you've been pulled over to another team and received a nice pay bump. Maybe you've paid off the fun mobile in the driveway. Either way, if you have extra funds, two options that many clients consider is increasing their 401k contribution or starting [...]
