How is a 529 Plan Treated, If It’s Inherited?

How is a 529 Plan Treated, If It’s Inherited?

If a family member who has 529 accounts dies are those accounts considered part of their estate? Let’s start by defining a 529 plan. A 529 College Savings Plan is a special type of investment account created pursuant to Section 529 of the Internal Revenue Code...
Don’t Go Overboard on Retirement Spending

Don’t Go Overboard on Retirement Spending

Strike a balance between enjoying yourself and keeping an eye on your retirement budget. You may need your retirement funds to last for a lot longer than you once thought. People who enjoy shopping as a recreational activity may find that it does serious harm to their...