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Happy National Higher Education Day! Make sure to take advantage of Tax-Preferred Savings Vehicles. If your state provides a tax refund or credit for contributing to a 529 college savings account, seizing this opportunity can lower your tax burden and enable you to earmark funds for your child's future. Keep in mind that 529 plans are tailored for higher education costs exclusively—any withdrawals for non-college expenses may incur penalties. #FulcrumFinancialGroup #SarahCarlson #College #Spokane #AspenCO
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Holistic Financial Advisor guiding individuals & families through what’s next | Investment Advice | Financial Planning | Insurance
529 accounts are a popular, tax-advantaged strategy for college savings, but they can help fund K-12 education as well. You can use 529 plan savings to fund up to $10,000 a year in tuition for elementary, middle, or high schools. While tax benefits vary state by state, there are often breaks on contributions, growth, withdrawals, or a combination of the previous, and the higher tax bracket you’re in, the more of a difference this makes. If you are currently paying for private, public, or religious school for your kids, don’t hesitate to reach out to learn if this strategy would be a fit. #529Plans #EducationSavings #FinancialPlanningSuccess
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529 accounts are a popular, tax-advantaged strategy for college savings, but they can help fund K-12 education as well. You can use 529 plan savings to fund up to $10,000 a year in tuition for elementary, middle, or high schools. While tax benefits vary state by state, there are often breaks on contributions, growth, withdrawals, or a combination of the previous, and the higher tax bracket you’re in, the more of a difference this makes. If you are currently paying for private, public, or religious school for your kids, don’t hesitate to reach out to learn if this strategy would be a fit. #529Plans #EducationSavings #FinancialPlanningSuccess
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Saving for higher education tuition can be overwhelming, but it can be a little easier with the help of a college savings account. By saving earlier and more efficiently, you can increase your savings for education, whether it is for your children, a family member, or even yourself. One of the most popular types of college savings accounts is a 529 plan because of its tax benefits. 529 plans enable families to invest after-tax contributions that not only grow tax-free but can be withdrawn tax-free if the funds are used to pay for qualified expenses. #529plan #collegesavings #collegefund #saveforcollege #futureproofyourchild #investinyourchildsfuture #taxadvantagedsavings #collegeaffordability #financialliteracy
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I help members of the Israeli and Jewish communities as they identify and work toward their financial goals
529 accounts are a popular, tax-advantaged strategy for college savings, but they can help fund K-12 education as well. You can use 529 plan savings to fund up to $10,000 a year in tuition for elementary, middle, or high schools. While tax benefits vary state by state, there are often breaks on contributions, growth, withdrawals, or a combination of the previous, and the higher tax bracket you’re in, the more of a difference this makes. If you are currently paying for private, public, or religious school for your kids, don’t hesitate to reach out to learn if this strategy would be a fit. #529Plans #EducationSavings #FinancialPlanningSuccess
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Comprehensive Financial Advisor | Guiding Medical, Dental, and Engineering Professionals Towards Financial Independence
529 accounts are a popular, tax-advantaged strategy for college savings, but they can help fund K-12 education as well. You can use 529 plan savings to fund up to $10,000 a year in tuition for elementary, middle, or high schools. While tax benefits vary state by state, there are often breaks on contributions, growth, withdrawals, or a combination of the previous, and the higher tax bracket you’re in, the more of a difference this makes. If you are currently paying for private, public, or religious school for your kids, don’t hesitate to reach out to learn if this strategy would be a fit. #529Plans #EducationSavings #FinancialPlanningSuccess
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If you put money into the 529 plan and your child receives a scholarship or doesn’t attend school, the leftover money can now be rolled over into a Roth IRA. Learn more in our latest blog. https://hubs.la/Q02pVT450
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Financial Advisor, Founder, CEO, Student of Investments, Husband, Father, Golf and Pickleball Enthusiast
Have a 529 plan for your kids that they aren't going to use for higher education? Good news! With Secure Act 2.0, you can now roll those extra IRA contributions into a Roth IRA in the 529 beneficiaries name. This way, you can avoid penalties and keep the money growing tax-free even if your child decides not to attend college or receives a scholarship. Certain limits and stipulations apply. #529plan #SecureAct #RothIRA #taxfreegrowth #educationfunding
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