Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about.
529 plan vs. Roth IRA: How clients can use both to save for college
Clients who want to save for their children’s education may be better off using a 529 plan than a Roth IRA, according to an article from Bankrate. That’s because, aside from the state income tax deductions, tax-deferred savings and tax-free withdrawals for qualified expenses, a 529 plan allows parents to dip into the savings without penalty before they reach the age of 59, unlike in a Roth […]
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