Archive for May 2024

Social Security Taxation: What You Need to Know *The following is for informational and educational purposes only and should not be considered professional or personal tax advice. Many retirees count on their Social Security retirement benefits as making up a sizeable portion of their income in retirement. Due to this fact, much attention has been…

What is a 529 plan? A 529 plan is a tax-advantaged account that allows you to save money for educational expenses used by yourself or your children. The account is funded with after-tax contributions, grows tax-deferred, and is tax-free upon withdrawal from the account when utilized for qualifying education expenses. Who can contribute? There are…