Year over year, participation in 529 plans continues to rise.1 Anyone can open an account, lifetime contribution limits are typically over $300,000, and there are tax benefits if the funds are used for college. Here are some common questions on opening an account. Can I open an account in any state’s…
Surprising employer response in 2018 It’s interesting to compare changes year by year, but over time is when real results emerge. That’s often true in retirement plans; while there may be small, incremental changes in enrollment, investments and plan design one year to the next, comparing decades can be much…
Did you know that Social Security may pay benefits to your eligible family members when you die, helping to make their financial life easier? Take this quiz to learn more. Questions 1. What percentage of Social Security beneficiaries receive survivor benefits? a. 5% b. 10% c. 15% 2. Your child…
If you’ve ever read the fine print on your annual Social Security statement, you’ll see it written in black and white: “Social Security benefits are not intended to be your only source of income when you retire.” But here’s the real clincher: “The law governing benefit amounts may change because,…
Thinking about investing? Unsure whether it’s a good option for you? Check out this video to learn why it’s important to begin building your nest egg early in life. “The Power of Investing.”ABM.2019.https://wealth.emaplan.com/ema/AdvisorBrandedMarketing/Home#/media/2507/1?prevPage=campaigns&showBack=true
Tax filing season is here again. If you haven’t done so already, you’ll want to start pulling things together — that includes getting your hands on a copy of your 2017 tax return and gathering W-2s, 1099s, and deduction records. You’ll need these records whether you’re preparing your own return…
Tax season is one of the most active times of the year for identity theft and targeted phishing attacks. With the number of scam phone calls on the rise here are a few quick steps you can take to keep yourself safe. Never share your personally identifiable information. If you ever receive an email from…
Young/new employees dive into stocks Some benchmarks in the stock market have returned to where they were before the recent recessions, bubbles, and scandals. Others, though, may never be the same. Whether that’s good or bad you can decide for yourself. Back in 2007, fewer than half of 401(k) plan…
Q: We like to keep an eye on trends that could impact retirement for our employees. Is anything new on the horizon these days? A: Yes, there are some trends to watch, although some have been on our (and probably your) radar for the last few years. The American Retirement Association…
While tax scams are especially prevalent during tax season, they can take place any time during the year. As a result, it’s in your best interest to always be vigilant so you don’t end up becoming the victim of a fraudulent tax scheme. Here are some of the more common…
