If you’re a parent (or planning to be), this is something you’ll want to know 💙🎓 There’s a new account that will help you invest for your child’s future, and it will include a $1,000 contribution to help you get started if you qualify once it launches! The goal is simple: give your child a financial head start by letting that money grow over time 👏 Between that account and a 529 plan growing at an average of 7%, your child could have a strong financial foundation by the time they turn 18! Com
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If you’re a parent (or planning to be), this is something you’ll want to kn…
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You've set up a 529 account for your child's college education or opened a custodial account to manage their money—but have you avoided a costly mistake that could send your family to probate court? In this episode of Absolute Trust Talk, estate planning attorney Kirsten Howe highlights a critical oversight she repeatedly sees: parents and grandparents who don't realize their accounts require successor designations. Without proper planning, your loved ones could spend thousands of dollars in leg
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Q: What are the benefits, pros, and cons of a 529 college savings plan? Part 1 A: A 529 plan is a tax-advantaged investment account designed to help families save for education expenses. ✅ Pros of a 529 Plan: * Tax-free growth when used for qualified education expenses * Tax-free withdrawals for tuition, fees, books, room & board * Can be used for K–12 tuition (up to IRS limits) * Can be used for college, grad school, and even trade schools * High contribution limits compared to other savings pl
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