Celebrate the Victories!

Are you the type of person who celebrates your personal victories? According to a number of psychological studies, celebrating victories—even the small ones, has an extremely positive impact on a person’s sense of happiness and well-being.

Chip Hymiller, AIF®, CFP®May 7, 2024401k, financial planning, Personal Finance, Economy, elections, 529 Plans, college planning, Saving for College, Roth IRA, Roth Conversion, Charitable Gifting, insurance

New Options for 529 College Savings Plans

Now, more than ever, we are recommending 529 Plans as a way to save for college. When Congress passed the SECURE 2.0 Act in 2022, they introduced new rules relating to 529 plans. The new law now allows for tax and penalty-free rollovers from a 529 plan to a Roth IRA!

Education, Pre-Retiree, TaxErin Campbell, CPA/PFS, CFP®July 20, 2023529 Plans, college planning, Saving for College, Roth IRA

Intra-Family Planning: 5 Wealth Transfer Strategies to Consider

Through hard work and sound financial planning, some find themselves in situations in which they are contemplating intra-family financial planning. That is, identifying financial planning techniques that can be used to financially strengthen the next generation—children and grandchildren.

Charitable Gifting, Estate Planning, Insurance, Retirement Planning, TaxChip Hymiller, AIF®, CFP®September 21, 2022Charitable Gifting, college planning, Estate Planning, Personal Finance, tax planning, Roth IRA

Education Saving: Know Your Options

With nationwide college costs continuing to rise, it has never been more important for parents to develop a savings strategy to help cover these costs.

Education, Mid Career Professional, Investments, TaxChip Hymiller, AIF®, CFP®May 16, 2022529 Plans, college planning, Coverdell ESA, Education Savings Accounts, Saving for College, UTMA, Roth IRA

CAA Provides Relief to Individuals and Businesses

The Consolidated Appropriations Act (CAA) offers many tax provisions to assist in the ongoing economic crisis. Many of the provisions affect not only the 2020 tax return but into future years as well.

Charitable Gifting, Education, Financial Planning, Mid Career Professional, Pre-Retiree, Retiree, TaxErin Campbell, CPA/PFS, CFP®January 25, 2021tax planning, Charitable Gifting, income tax, Small Business, college planning, Saving for College

FAQ on 529 College Savings Plans

College is almost here! So, while my family is busy applying for college, you may be considering utilizing a 529 College Savings Plan as a component of your college savings strategy for your own kids or grandchildren. 529 Plans can be an excellent tool when saving for college, however, there are also a number of drawbacks to consider.

Education, Tax, Mid Career ProfessionalErin Campbell, CPA/PFS, CFP®October 2, 2020529 Plans, college planning, Saving for College, tax planning