Under the new tax law, the definition of a 529 plan’s “qualified education expense” has been expanded to include K-12 expenses. The new tax law also allows 529 plan owners to transfer funds from a 529 plan to an ABLE plan without federal tax consequences.
Conventional wisdom says that what goes up must come down. But even if you view market volatility as a normal occurrence, it can be tough to handle when your money is at stake. Though there is no foolproof way to handle the ups and downs of the stock market, the following common-sense tips can help.
Keeping calm can be hard when the market goes on one of its periodic roller-coaster rides. It's useful to have strategies in place that prepare you both financially and psychologically to handle market volatility. Here are 11 ways to help keep you from making hasty decisions that could have a long-term impact on your ability to achieve your financial goals.
The Tax Cuts and Jobs Act legislation has been passed by Congress and signed by the President. The Act makes extensive changes that affect both individuals and businesses. Some of the key provisions of the Act are discussed inside.