Largely as a consequence of President Donald Trump’s altering tariff insurance policies, markets have been on a rollercoaster journey since April. Though the S&P 500 has largely rebounded from final month’s lows, some households who’ve been diligently saving for future school prices should see their 529 school financial savings plan stability hasn’t absolutely recovered. For these … Read more
Stephanie Phillips | Getty Photographs Extra from FA Playbook: This is a have a look at different tales affecting the monetary advisor enterprise. “Markets go up and down, however college students’ objectives stay the identical,” mentioned Chris McGee, chair of the School Financial savings Basis. 529 plan recognition has soared In 2024, the variety of 529 … Read more
President Donald Trump’s massive tax and spending package includes a new child savings account with a one-time deposit of $1,000 from the federal government for newborns. The premise is simple: So-called “Trump accounts,” a type of tax-advantaged savings account, will be available to all children who are U.S. citizens starting in July 2026. Beyond that, the rules get … Read more
