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When it comes to planning for your education, there is no better vehicle than a 529. A 529 is a tax-advantaged account designed to help pay for education. 529 Plans grow tax-deferred, and withdrawals are tax-free if they are used for qualified educational expenses. The downside if proceeds are not used for qualified educational expenses, any earnings will come out as ordinary income and a 10% penalty is tacked on. However, recent legislative changes now allow for greater flexibility with leftover or unused 529 plan funds!

General Motors has announced they will be offering voluntary buyouts to a “majority” of its U.S. salaried employees. The buyout offer is part of GM’s effort to reach a total of $2 billion in structural cost savings over the next two years. Of which, they expect 30%-50% of that cost savings to occur in 2023

Stellantis, formally Chrysler, employees will be eligible to receive annual profit-sharing. As a result, approximately 40,500 U.S. hourly workers will receive up to $14,760 in profit sharing.

Ford Motor Company employees will be eligible to receive their annual profit-sharing check on March 10th. Approximately 56,000 U.S. hourly workers will receive up to $9,176 in profit sharing.

It's that time of year again when most General Motors employees will be eligible to receive their annual profit-sharing check on February 24th. Here's what you should know!

In August 2022, President Biden announced a Student Loan Forgiveness Plan that had been long awaited by many people who are strapped with thousands in student loan debt. The finer details are still being worked out, and the program still has not been implemented. There is no doubt that his plan will most likely continue to see legal challenges and hurdles along the way. Here is what we know as of today.

There are a number of ways to describe the stock market when it is down: Bear Market, Correction, Bubble Bursting, Oversold, or Downward Volatility. But have you ever heard the word “opportunity” in unison with the former? Of course, what I am talking about is Tax Loss Harvesting.

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: