The following is a video post from Jeff Rose, CFP at Good Financial Cents. The video gives a comprehensive overview of 529 College Savings Plan and how it works. Topics covered include: what is a 529 plan, who can contribute to the plan, who has control over the plan, different types of 529 plan, what … Read moreWhat is a 529 College Savings Plan and How Does It Work [VIDEO]
Converting to a Roth IRA is not new, so what with all the buzz about about this Roth IRA Conversion event in 2010? What makes it such a big deal is that up until then, most people couldn’t convert to a Roth IRA because their income was too high. For example, in 2009 if an … Read more2010 Roth IRA Conversion Rules, What Is The Big Deal?
Most taxes are pretty simple to understand. The more you earn the more you pay. But in the investment world, it can be far more complicated than that. Despite the massive losses in the market this year, many mutual fund investments are expected to pay capital gain distributions. The last time I checked, nobody likes … Read moreLose Money and Pay Taxes: Time to Get Rid of Your Mutual Funds?
Retirement is just around the corner. You think you’ve saved enough; but with the recent market drop, you are just not sure. Your retirement accounts have taken drastic blows and now you’re in doubt if you will ever retire. You decide it’s time to sit down with a Certified Financial PlannerTM to see if you … Read more5 Things You Don’t Want to Hear From Your Financial Planner