Starting in 2024, you can roll unused 529 assets, up to a lifetime limit of $35,000, into the beneficiary’s Roth IRA, without incurring the usual 10% penalty for nonqualified withdrawals or generating any taxable income. But that’s probably not a reason to overfund a 529…. The SECURE 2.0 Act included provisions that would make it…

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Last week, our very own, Melinda Setchell, got married! She will now go by the name Melinda Tyrrell and her new email is mtyrrell@verisail.com. Please congratulate her if you get the chance! Melinda’s recent wedding and name change got me thinking about the various documents that may need to be updated. Here are a few…

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On December 29, 2022, President Biden signed the Consolidated Appropriations Act, 2023, which is wrapped into the larger bill, Securing a Strong Retirement Act, commonly called SECURE 2.0. The majority of the SECURE 2.0 provisions will become effective in 2024. Here are a few key takeaways from SECURE 2.0 that may affect you:

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The chain of banks behind Zelle, which is owned by seven banks total, including Chase and and Bank of America, are planning to launch their own digital wallet. This wallet will jump into the increasingly-crowded field of digital wallets, dominated by the likes of Apple Pay and PayPal. For the tech companies that have so…

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Some income-oriented investors are attracted to dividends because they view these stocks as less risky, and perhaps more stable. While dividends are one way to generate income, they are not the only way to produce cash, and investors should be aware of the potential tradeoffs that accompany a focus on dividends. For example, prioritizing dividends…

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Many investors are concerned with the effect of election results. Do past results suggest a useful strategy to deal with election-year uncertainty? The answer is yes. For the 96-year period ending in 2021, the S&P 500 Index (with dividends reinvested) posted an average return of 12.33% for all calendar years and results were negative in…

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