Roth IRA

529 to Roth IRA Rollover – A New Feature in 2024

Investing in a 529

There were many changes to investing laws in the omnibus spending bill passed on December 29, 2022, that included the Secure Act 2.0.  One of the most significant changes to educational investment accounts was passed for 529 accounts. Starting in 2024, account holders who have had a 529 with leftover or unused funds can roll over funds from their 529 to a Roth IRA.

Playing Catchup for 2022 IRA contributions

Happy New Year!!

You did it!  You survived the gauntlet of Holidays that end each calendar year.  With the new year comes new opportunities and new changes - some good and some bad; and with so much on your mind and in the business of life at the end of the year (traveling to friends and family, buying gifts, making meals, playing games and watching college football), it is easy to get caught up in bad habits and forget to finish the year strong. 

How the Secure 2.0 Act can affect your Roth contributions

The SECURE ACT 2.0 and the ROTH IRA 

As I write this article, one quote from my kid’s favorite Christmas movie comes to mind, “keep the change you filthy animal.” The Secure Act 2.0 is being met with mixed feelings. It is viewed by some as an unexpected lump of coal, and to others as a special Christmas gift. The second edition of the Secure Act is a $1.7 trillion omnibus spending bill - 4,100 pages detailing dubious plans for spending that just don’t make sense to many ordinary voters.   

Thankful For a Bear Market? Maybe You Should Be?

How many times can you think of something in your life that was painful but ultimately ended up being for your own good? One of the most quoted verses we recite to each other during times of hardship or worry, is Paul’s words to the Romans, divinely inspired by God, which says, “And we know that for those who love God all things work together for good, for those who are called according to his purpose” Romans 8:28.

Roth IRA For Your Children - Custodial Roth IRA

As parents it is important to be good role models for our children.  Dave Ramsey Personality Rachel Cruze states “More is caught than taught”.  This statement is especially true when it comes to how we, as adults, handle our finances.  An integral part of a child’s development is teaching them a good work ethic and financial habits. Educating our children from an early age on how to give, save, and spend responsibly and intentionally will help to set up them up for financial success.