529 plans vs UTMAs When families begin saving for their children’s future, two popular options often come up: 529 college savings plans and UTMA custodial accounts. While both are designed to help transfer wealth to the next generation, they work very differently and...
When planning for retirement, taxes can take a bigger bite out of your savings than you might expect. One way to stay ahead of this is by considering a Roth IRA conversion. Here’s how it works: you move money from a traditional IRA or 401(k) which hasn’t been taxed...
