family finance tips - Pocket Finance Club

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family finance tips

A collection of 3 posts

Should You Get Life Insurance in 2024?

2024 faq

Should You Get Life Insurance in 2024?

Life insurance is a financial consideration that often gets deferred or completely ignored, but it often comes around eventually if you have loved ones who depend on you. While it’s not a one-size-fits-all decision, many people benefit from at least term life insurance to ensure their family is protected

Understanding 529 Rollovers to a Roth IRA: A Game Changer for Retirement Planning

family finance tips

Understanding 529 Rollovers to a Roth IRA: A Game Changer for Retirement Planning

The landscape of retirement planning is constantly evolving, and recent legislative changes have introduced a significant development for 529 plan holders. Starting this year (2024), under specific conditions, 529 account holders can transfer up to a lifetime limit of $35,000 to a Roth IRA for a beneficiary. This new

Are 529 College Savings Plans Worth the Investment?

Finance Tips

Are 529 College Savings Plans Worth the Investment?

Saving for college has become an increasingly important goal for many families. The cost of higher education continues to rise, and parents are seeking ways to alleviate the financial burden on their children. One popular option is the 529 college savings plan. But are these plans truly worth the investment?