Personal finance

This year, a big change happened to 529 college savings plans.  As of 2024, families can roll over unused 529 funds to the account beneficiary’s Roth individual retirement account, without triggering income taxes or penalties, as long as the 529 plan has been open for at least 15 years. Some families have already taken advantage of the new
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Al Seib | Los Angeles Times | Getty Images Although more students are eligible for federal financial aid, fewer high schoolers are pursuing a four-year degree. Increasingly, college is becoming a path for only those with the means to pay for it, many studies show.  Although undergraduate enrollment is up overall, the number of new first-year
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Twenty/20 Saving for a home down payment can feel challenging, given current real estate prices. Using the right assets can help give your balance a lift. When you actually need the money is the “biggest driving factor,” said Ryan Dennehy, principal and financial advisor at California Financial Advisors in San Ramon, California. The firm ranked No.
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Fg Trade | E+ | Getty Images Health savings accounts have become popular workplace perks with significant tax-advantaged investment opportunities — but many Americans have no idea how they work.  About 26 million people had an HSA at the end of 2023, according to Devenir, a research and investment firm based in Minneapolis. Assets in
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Christopher Grigat | Moment | Getty Images Investors can generally reduce their tax losses in a portfolio by using exchange-traded funds over mutual funds, experts said. “ETFs come with tax magic that’s unrivaled by mutual funds,” Bryan Armour, Morningstar’s director of passive strategies research for North America and editor of its ETFInvestor newsletter, wrote earlier
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