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Investing
What Families Need to Know about 529 Plans for Education Savings
Even for families with the means to pay for tuition outright, college savings plans can carry major advantages. 529 savings plans are designed to be flexible and can be long-lasting, which brings specific benefits for families. Here are some lesser-known ways to use a 529 plan to fund education expenses.
Saving for College as Easy as 529
You have several options for financing your children’s education. Learn more about 529 plans.
Economic Overview: Tariffs Present Several Challenges to Outlook
Several major economic developments occurred during the fourth quarter, including an additional 0.50 percent in federal funds rate cuts and a decisive outcome in the November election, where Donald Trump and the Republican party gained control of the White House, Senate and the House of Representatives. The underlying strength of the U.S. economy continued to surprise to the upside, setting up an interesting backdrop for 2025.
Economic Overview: New Administration Poses Opportunities, Challenges
Several major economic developments occurred during the fourth quarter, including an additional 0.50 percent in federal funds rate cuts and a decisive outcome in the November election, where Donald Trump and the Republican party gained control of the White House, Senate and the House of Representatives. The underlying strength of the U.S. economy continued to surprise to the upside, setting up an interesting backdrop for 2025.
Generational Wealth is Built Intentionally Over Three Phases
If you are fortunate enough to achieve financial stability for yourself, you have the opportunity to leave a legacy for the next generation. Whether you’re continuing a legacy that a family member began or the first in your family to begin one, there are three phases to building generational wealth.
Rising Interest Rates: What Investors Need to Know
The low interest rate environment we’ve enjoyed since the Federal Reserve’s last rate increase in 2018 will begin to shift in 2022. On March 16, the Fed increased rates by 25 basis points (0.25 percent), bringing it to .50 percent. While the Fed is forecasting seven rate hikes this year, some pundits still believe we will only see four or five, depending on future inflation readings. What does this mean for you and your investments?
Investment Basics
Investments are not just for the wealthy. Whether you’re in your first job, your prime earning years, or nearing retirement, it’s never too late – or too early – to use personal investments as a savings vehicle for your future. There are several types of accounts for this purpose and a multitude of funds to invest in.
When Your Child has Special Needs, You Need Exceptional Financial Planning
Parents do everything in their power to ensure a good life for their children. But some children with disabilities may never become fully independent. How can families plan for a future that’s often uncertain? It can seem insurmountable, but with the right approach and the right kind of help, they can put the pieces in place to prepare for the rest of their child's life.
Health & Benefit: How much should I put in my HSA?
For many people, fall is the time for selecting health insurance benefits for the following calendar year. If you have selected a high deductible health plan (HDHP) that qualifies for a health savings account (HSA), you might be wondering, “How much should I put in my health savings account?” Our partner for Pinnacle’s new Health & Benefits offerings, WEX, Inc., offers some tips. The short answer is that you should contribute the maximum prorated amount allowed by the IRS, if that’s financially viable for you.
Donor Advised Funds: How Anyone Can Set Up Their Own Charitable Private Foundation
We all want to do more to support our communities and favorite nonprofits, but most of us aren’t wealthy enough to start a private foundation. Or are we? Take a look at this easy, affordable solution for an on-going fund that solidifies your legacy of giving.
