Archive for January 2025
The Savings Game: Rolling over funds from a 529 plan to a Roth IRA
One of the many changes introduced by the SECURE 2.0 Act late last year was a provision allowing tax-free rollovers from 529 college savings plans to Roth IRAs. Many financial advisers and 529 beneficiaries are looking at this option to determine its advantages and limitations. IRA expert Ed Slott has taken a close look at…
Read MoreYes, You Need Travel Medical Insurance
You may have great coverage in the U.S., but most of those benefits don’t extend overseas. If you need medical attention when you’re traveling, it could be difficult to find the right care—and you may have no coverage and face unexpected medical bills. Why take the chance? International healthcare coverage from GeoBlue is designed to…
Read MoreRoth IRA conversion: Here’s everything you need to know before converting
A Roth IRA is the best retirement account around, according to many experts. It offers huge benefits such as tax-free income and the ability to leave tax-free money to heirs. Plus, because of its tax-free status, a Roth IRA gives you flexibility when it comes to taking retirement income. But what if you have another…
Read More4 key differences between money market funds and high-yield savings accounts
Key Points When it comes to https://www.cnbc.com/2023/08/18/4-best-places-for-cash-as-the-federal-reserve-weighs-a-policy-shift.html earning a decent yield on their savings, consumers may wonder: Should I choose a money market fund or https://www.cnbc.com/2023/04/03/3-ways-to-make-sure-youre-earning-competitive-interest-on-your-cash.html a high-yield savings account? The purpose of each is similar. They generally serve as repositories for emergency funds or savings earmarked for the short term, perhaps to buy a car, home…
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