LeTip of Wayne

09/23/2023

The AOTC provides a tax credit of up to $2,500 per eligible student for the first four years of post-secondary education. On the other hand, the LLC offers a tax credit of up to $2,000 per tax return for any level of post-secondary education, including graduate courses, provided the taxpayer meets certain income requirements. This is for informational purposes only and is not a replacement for real-life advice, so make sure to consult your tax professionals to understand whether you might qualify for any tax credits before moving forward with AOTC or LLC.

09/20/2023

UGMAs and UTMAs take the form of a trust. Your child can use the UGMA or UTMA funds to pay for college; however, once that age is reached, your child can also use the money to pay for anything else. Using a trust involves a complex set of tax rules and regulations. Before moving forward with a trust, consider working with a professional who is familiar with the rules and regulations.

09/17/2023

Coverdell ESAs can be used for K-12 expenses in addition to higher education costs. Contributions may be made until the account beneficiary turns 18. The money must be withdrawn when the beneficiary turns 30, or taxes and penalties may occur.

09/14/2023

Starting in 2024, the SECURE Act 2.0 allows recipients to roll over unused savings into a Roth IRA, if it benefits the same individual under certain conditions. Currently, money from a 529 that is used for non-educational expenses is subject to penalties and taxes.

09/11/2023

One of the greatest parts of my job as a financial professional is working with families, helping them pursue their goals. Among the most important of those family goals is saving for college.

09/02/2023

Celebrating Labor Day!

Your hard work fuels your dreams, and on this Labor Day, we’re here to make your financial dreams a reality. Take a break today and let us handle the numbers. Enjoy your day and let’s work towards a prosperous future together!

08/24/2023

Recognize National Make-a-Will Month by taking control of your estate. Make sure your wishes are known and help protect your loved ones from uncertainty.

08/23/2023

Making a will is a key step to consider as you prioritize your family's future.

08/22/2023

August is National Make-a-Will Month. Take this opportunity to provide for your loved ones and manage your legacy.

04/06/2023

Lunch & Learn: Clear to Close with Title, Come by and earn CE Credits! Join us for Lunch and refreshments and free giveaways!

03/31/2023

Retirement savings vehicles are categorized into three buckets: taxable, tax-deferred and tax-free. Does your retirement strategy address how you will be taxed when you start taking income? Let’s talk about your retirement and protection goals and if permanent life insurance could help. Contact me to learn more.

03/16/2023

Attention and ! Did you know your are coming up April 30? Schedule 2 free credits by joining Phoenix Title Agency's class, CLEAR TO CLOSE 101! Register with the link on the image below! Network AND learn important info for your clients! - also with Jason Atchison, Mortgage Advisor - Bond Street Mortgage Jairo RodriguezPrimary FinancialGoosehead Insurance - Paula Keung

Lunch & Learn: Clear to Close with Title, Come by and earn CE Credits! Join us for Lunch and refreshments and free giveaways!