Wealth advisor Melissa Garrett helps clients of all ages figure out how to fund a loved one’s college or school tuition.

Fact checked by Betsy Petrick You probably know you should be investing, but you might not know where to start. Fortunately, ...

In addition, having little or no liquid savings increased the likelihood that participants would take a 401(k) loan or hardship withdrawal or otherwise reduce contributions to their retirement ...

Key points 529 plans provide significant tax breaks when used to pay for a child’s college education. Many states offer a state income tax deduction or tax credit based on contributions to the ...

“Generally, 401(k)s are complex plans, with significant accounting, administration, and filing requirements,” says James B. Twining, CFP, founder and wealth manager of Financial Plan ...

Starting in 2025, key 401(k) plan changes enacted via Secure 2.0 could make it easier to save for retirement, experts say. IE 11 is not supported. For an optimal experience visit our site on ...

Here are key changes for 2024 ... One of the recent changes to 529 college savings plans is that money can now be converted into a Roth individual retirement account tax-free after 15 years.

DC plan sponsors cited communication (52%), education (47%) and financial counseling (28%) as key focus areas for their plans over the next two years. Meanwhile, more than half of respondents (56%) ...

If you qualify, you can save up to $4,150 if you have a qualifying individual plan in 2024 while those with qualifying family plans can save up to $8,300. In 2025, these limits will rise to $4,300 ...