529s and Free Money

by John Cooney on Nov 27, 2020

529 Plans, personal finance, fee-only financial planner

One of the most often asked questions I receive as a Financial Planner is from parents asking about saving for their Children’s educations.  My advice is often to start early and use a 529 plan.  Now, for Massachusetts residents, I have even another reason to preach starting early and using a 529 plan; free money!

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3 Ways to Take Advantage of the New Tax Law

Submitted by John Cooney on Jan 29, 2018

The Tax Cuts and Jobs Act (TCJA), passed just at the end of 2017, made some of the most significant changes to the tax code in decades, and you have probably heard numerous takes on how good or bad the legislation is.  This is not going to be a discussion of the merits of the bill, but instead, I will highlight three changes that taxpayers can use to their advantage starting as early as 2018.  Just one big note, this is for 2018 taxes, due in April 2019.  For your 2017 taxes, due in April of 2018, the old tax rules still apply.

 

Taxes, Roth IRA, Donor Advised Funds, 529 Plans, Education, retirement
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