Financial Tips

will you write and excerpt, seo description and social media description for this article? Choosing between an ESA and a 529 Plan depends on your individual financial situation, your income, and how much you wish to contribute annually. If you prefer more investment control and have a lower income, an ESA might be the right choice. However, if you’re looking to save larger amounts without income restrictions, a 529 Plan could be more suitable. Remember, it’s always a good idea to consult with a financial advisor to determine the best strategy for your family’s educational savings.

A fiduciary is an individual or organization entrusted with a legal and ethical duty to act in the best interest of another party. Typically, fiduciaries manage money or other assets on behalf of their clients. They adhere to a “prudent person standard of care,” prioritizing the needs of beneficiaries and avoiding conflicts of interest. Fiduciaries play various roles, including financial advisors, trustees, and corporate board members. Choosing a fiduciary can positively impact your financial well-being.

Do you have federal student loans? If so, you may be interested in a new repayment program that can lower your monthly payments and forgive your debt after a certain period of time. The program is called the Saving on Valuable Education (SAVE) plan, and it was announced by the Biden administration in July 2023. In this article, I will explain how the SAVE plan works, what benefits it offers, and who can qualify for it. I will also tell you how you can contact me for a free consultation to create a personalized plan that suits your needs and goals. Read on to find out more.

With a bit of time to prepare, you can enter the second half of the year feeling financially confident and on track to meet your goals.