Cash balance plans are defined benefit plans that share some key characteristics with 401(k) plans, which makes them flexible and appealing to a growing cadre of small employers. In fact, there was a 17% increase in new cash balance plans between 2017 and 2018.
Thursday, October 7, 2021
529 plans are a favored way to save for college due to the tax benefits and other advantages they offer when funds are used to pay a beneficiary’s qualified college expenses. Up until now, the FAFSA (Free Application for Federal Student Aid) treated grandparent-owned 529 plans more harshly than parent-owned 529 plans. This will change thanks to the FAFSA Simplification Act that was enacted in December 2020. The new law streamlines the FAFSA and makes changes to the formula that’s used to calculate financial aid eligibility.
Thursday, September 30, 2021
Look around your house. How much do you think you have spent on gadgets and tech subscriptions over the years?
With shiny new gear popping up daily and yet another streaming service there to woo you, it’s hard to stop the flow of cash. I can help. Tap or click for all the best ways to scan without shelling out money for a scanner. You’re welcome.
Lots of quality software is free, too, if you know where to look. Tap or click for 9 free copycats that work like a charm.
Before you pull out your credit card again, read through this list of mistakes that might be costing you cash and easy fixes to spend less ...
Read more at USA Today - 8 min. read
According to a Nationwide survey, 54% of those who haven't started receiving Social Security said they know exactly how to optimize their benefit, but only 6% knew all the factors that determine the maximum benefit someone can receive.
Consider the common mistakes people make ...
Read more at CNBC - 7 min. read
Monday, September 27, 2021
Mark Cuban knows how to be rich and successful, and he isn’t afraid to share his insight. Check out Mark Cuban's advice, so you can learn how to budget money and think like a billionaire.
Read more at yahoo!Finance - 13 min. read
Sunday, September 26, 2021
If it's debt ceiling crisis season, then it's also time for the craziest solution to the problem: Getting President Joe Biden to issue a $1 trillion coin.