⚖️Student debt relief shutdown: What's next for future borrowers?
The Supreme Court struck down on President Biden’s student debt forgiveness program. What impact will this decision have on future borrowers?
Big changes to 401(k) plans
Currently 401(k) participants age 50 and older can contribute an additional $7,500 on top of their regular $22,500 salary deferral. Kudos to you if you are already maxing out your contributions. However, starting in 2024, catch up contributions for participants earning more than $145,000 will have to be made to a Roth, or on an after-tax basis.
When an investment loss has a silver lining
One key thing to remember is, that you must have purchased these shares in a non-retirement account. Tax losses cannot be realized in a retirement account such as an IRA, 401k etc.
Are You Eligible for a Health Savings Account?
HSAs are an excellent option to pay for health care costs in retirement. While one can use 401(k) plans and individual retirement accounts for medical costs, HSAs offer more tax savings than both traditional or Roth retirement accounts:
Empty Nesters: Making the most of it
One of the greatest benefits of being an empty nester is that you have more leisure time. And that can mean more time to travel and explore places that you didn’t have time for when the kids were around.
✅ Savvy student summer: To-do's for your HS senior
Come September, your schedule will be swamped with a college prep to do list 😨. Here's 5 ways to get ahead of the game this summer.