Planned Solutions

Are You Getting The Most Out Of Your Employee

Informações:

Sinopse

In this episode of the Planned Solutions Incorporated Podcast, There are a wide variety of employee benefits offered by different employers. In many cases, the value of these benefits may add up to a large percentage of the employee’s overall compensation. Therefore, it is important to review these benefits as well as their tax benefits or consequences to extract as much value as possible to help fund financial planning goals. Also, In the past, distributions from a 529 plan that were owned by someone other than the student’s parent were considered income of the student for federal financial aid purposes. In many cases, this could reduce or eliminate the student’s eligibility for federal financial aid. Fortunately, starting in the 2024-2025 school year this rule will be changed so that distributions from a 529 plan owned by a relative other than a parent will not have an adverse impact. And, High demand for travel abroad has created delays in the processing of new US passport applications. Under normal cir