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 [...]
What is a backdoor Roth IRA? This has become a common question I get with investors that might be over the income limit to contribute to a Roth directly. To be totally clear, a backdoor Roth IRA is more of a strategy than a type of account. A Roth [...]
What's the difference between a Traditional IRA and a Roth IRA? Individual Retirement Accounts (IRAs) are tools that many investors use to save for retirement. However, not all IRAs are created equal. The two most popular types of IRAs are the Roth IRA and the Traditional IRA. While both [...]
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 [...]
