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On August 24th, 2022, President Biden announced his Student Loan Forgiveness Plan which has been long awaited by many strapped with thousands in student loan debt. Applications for borrowers to fill out are now live, and as of November 3rd, twenty-six million have applied.¹ There are still legal hurdles that need to be cleared for the forgiveness to actually take place. But, with all of the news on student loans, this is a great opportunity to discuss utilizing a 529 plan to help pay off that remaining balance.

On Wednesday, President Biden announced his Student Loan Forgiveness Plan that has been long awaited by many strapped with thousands in student loan debt. The finer details need to be worked out, and there is no doubt that his plan will most likely see legal challenges and hurdles along the way. Check out what we know as of today.

It's that time of year again where most Chrysler employees will be eligible to receive their annual profit-sharing check on March 15th. This year, approximately 43,000 U.S. hourly workers will receive up to $8,010 in profit sharing. This is a major annual event that occurs for most Chrysler employees. If you are looking for ways to maximize this benefit beyond its fullest potential here are a few tips:

It's that time of year again where most Ford Motor Company employees will be eligible to receive their annual profit-sharing check on March 10th. This year, approximately 56,000 U.S. hourly workers will receive up to $7,377 in profit sharing. This is a major annual event that occurs for most Ford Motor Company employees. If you are looking for ways to maximize this benefit beyond its fullest potential here are a few tips:

It's that time of year again where most General Motors employees will be eligible to receive their annual profit-sharing check on February 25th. This year, approximately 42,500 U.S. hourly workers will receive up to $10,250 in profit sharing. This is a major annual event that occurs for most General Motors employees. If you are looking for ways to maximize this benefit beyond its fullest potential here are a few tips:

No, I’m not talking about that “B” word! I’m talking about that curse word known as a BUDGET. I commonly refer to your budget as “Lifestyle”. Now, I’m not talking about a budget in the sense that everyone has to have an itemized spreadsheet or spend countless hours a week micromanaging transactions. In generalities, a budget is having an idea of how much income is coming in and how much in expenses are going out. At some point, you will need to carefully manage income and expenses, so why not start practicing today?

It feels as if 2020 produced enough headlines for a decade. A global pandemic, mass protests, an emotionally charged election and some dude named the “Tiger King” are just a few of the many stories that kept our interest. Yet, here it is the second month into 2021, and Gamestop is dominating the headlines. Gamestop, which was once a place to buy a video game, became the topic of discussion at every dinner table, group text and social media platform last week.

Are you trying to make aggressive payments on student loans? If so, this is certainly an effective new strategy that can be utilized to shelter income from state tax that did not exist prior to the passing of the Secure Act.