by Sarah Tenhundfeld | Mar 30, 2022 | College Planning
Shortly after my daughter was born, I opened a direct* 529 account for her through Ohio College Advantage. The entire process, not including the time it took to review the investment options, took about ten minutes. The most time-consuming part of the process was...
by Sarah Tenhundfeld | Dec 15, 2021 | Financial Planning, Taxes
Key facts and figures to help you plan for the new year. Increased Retirement Plan Contribution Limits The IRS announced that the 2022 contribution limit for 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan will increase to $20,500....
by Sarah Tenhundfeld | Nov 10, 2021 | Retirement
At the end of August, the Trustees of the Social Security trust fund reported that the Old-Age and Survivors Insurance (OASI) Trust Fund, which pays retirement and survivors benefits, would only be able to pay scheduled benefits on a timely basis until 2033. This was...
by Sarah Tenhundfeld | Oct 6, 2021 | Investing & Markets
Inflation isn’t a tangible thing so it’s difficult to spot right away, but over time its presence becomes more and more noticeable. What we once spent at the grocery store doesn’t go as far, cars seem to cost more, there’s more pain at the gas pump, and the list goes...
by Sarah Tenhundfeld | Sep 1, 2021 | Financial Education, Taxes
In one of last month’s blogs, we discussed changes to the Child Tax Credit for this tax year. While this credit is available to anyone with a qualifying child, working parents with children ages 12 and younger, who pay for childcare, can also receive additional tax...
