529 College Savings Plans: Should you consider a change?

Parents often face the competing challenge of funding their children's college or their own retirement savings. 

During divorce, these goals collide more acutely. Income is stretched and expenses increase with two households.

How do 529 plans come into play? Here is a great resource with more information:

https://www.assettv.com/video/college-savings-savvy-under-what-circumstances-should-i-advise-clients-change-529-plans?chid=2091

College Savings Savvy: Under what circumstances should I advise clients to change 529 plans?

Click image below to view the video.Read More

Know the value of your spouse’s 401(k)?

In this article published in Bloomberg News, Lili Vasileff contributes to a discussion of the state of information sharing in marriages -- especially when it comes to financial details. Lili says, ‘‘Most couples don’t share fully financial details about private accounts, the nature of investments, or the amount of savings."
By Suzanne Woolley

Published in Bloomberg News, August 31, 2016

Trust of politicians in America seems to have reached a new low in this election season.

But who would have guessed how little trust exists across the kitchen table?

Many American couples don’t share even basic financial details of their retirement savings account, beyond the fact that they have one. Twenty-one percent of couples either married... Read More

How to avoid mistakes dividing up 401(k) assets in divorce

  • Different types of retirement accounts are subject to different rules.
  • Dividing workplace plans like 401(k)s and traditional pensions requires a court order that is separate from the divorce agreement.
  • It's important to make sure the attorney drafting that separate document is an expert in this.

Sarah O'Brien | @sarahtgobrien
Published 12:30 PM ET Wed, 7 March 2018 Updated 5:59 PM ET Wed, 7 March 2018

Divorcing couples can face enough agony as it is dividing up possessions and agreeing on custody of children, let alone splitting retirement assets.

Yet that nest egg often represents a divorcing couple's largest pot of money. And if the process for the division of those assets is not done... Read More

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