Until now, 529 distributions were tax-free only for college expenses. The enactment of the Tax Cuts and Jobs Act in December expands the tax-free withdrawals for K-12 private school and home schooling costs.
Imagine you get an enticing text message claiming that you’ve won a free vacation to the destination of your choice — all you have to do is click on the link you were sent. Clicking on the link causes you to play right into the hands of a cybercriminal seeking your sensitive information.
A new year is right around the corner, bringing with it a fresh start for you and your finances. What will you do this year to help improve your financial situation?
With the rising costs of both private and public colleges, financial aid has become essential for many families. So how much do you know about this important piece of the college financing puzzle?
If you’re looking to save money for college, one option to consider is a 529 college savings plan.
You’ve probably heard the news that the Federal Reserve has been raising its benchmark federal funds rate. However, you still have time to act before any interest rate hikes significantly affect your finances.
The increasing student loan debt burden of older Americans has serious implications for their financial security.