retirement security

529 to Roth IRA Rollover: A New Retirement Savings Strategy

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529 to roth ira

529 plans are tax-advantaged savings accounts designed to help families save for higher education expenses. These accounts have traditionally been limited to covering qualified education costs, such as tuition, fees, and books. However, this narrow scope has sometimes left account holders with unused funds if education expenses were lower than expected or if the beneficiary … Read more

Exploring the Social Security Fairness Act: What You Need to Know

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social security benefits fairness act

The Social Security Fairness Act is a landmark piece of legislation aimed at addressing long-standing issues in the Social Security system. Specifically, it focuses on the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), provisions that have disproportionately impacted public service workers, such as teachers, firefighters, and police officers. This Act seeks to … Read more