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“Let me give you a tip on a clue to men's characters:
The man who damns money has obtained it dishonorably.
The man who respects it has earned it.” |
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The Arc of a Nonevent or The Recession That Wasn't |
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In this month’s edition Nick's states that if you have a long-term plan, and a portfolio that’s well suited to that plan, stay close to your financial advisor and tune out financial media. |
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Unlike IRAs or 401(k)s, there are no annual contribution limits for 529 plans.
However, there are maximum aggregate limits, which vary by plan and by state, ranging from $235,000 to $550,000. This amount represents what the state believes to be the full cost of attending an expensive school and graduate school, including textbooks and room and board.
If your plan is close to the limit don’t worry about future earnings in the account pushing it over. The funds can remain in the account without penalty, but the family will not be able to make any future contributions unless a market drop brings the account balance back down. |
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Nick Murray says:
"I think so highly of this book — and David — that I’ve bent my unbreakable rule never to provide jacket blurbs. The compounding of growing dividends is at the core of David’s investment policy. You will particularly wish to consider his recommended withdrawal strategy, which I’ve not seen anywhere else." |
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November 28, 2024
22 minutes |
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Travel revival: Investment opportunities by land, sea and air |
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From artificial intelligence to an industrials boom, Capital Group portfolio manager Greg Miliotes talks about risks and opportunities he sees over the next three to five years. In this episode, Greg breaks down his framework for investing during times of volatility, why experiential travel could be the next big trend and how his role as a former analyst shapes his investment style. |
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Under which circumstances are qualified retirement plan distributions likely to receive a tax penalty? |
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- Late distributions only.
- Pre-mature distributions only.
- Both early and late distributions.
- If your AGI is over $250,000.
- Only if the distributions are used for non-retirement purposes.
- Never.
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Answer = #3. Both early and late distributions.
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MONEY MEMES AND A LITTLE HUMOR |
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Michael Paulding Thomas
Financial Advisor, Registered Representative, Securities Principal. Series 6, 26, 63, 65, Life
Since 1989 I’ve been helping families make smart choices about building a guaranteed income during retirement.
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Retirement Planning • IRAs • 401k's • Rollovers • Mutual Funds • Variable Annuities • College Planning • Term Life Insurance • Living Trusts |
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