David Raab

Secure 2.0 Act Brings Flexibility to 529 Savings Plan but Hoosiers Left Behind - When my mother graduated from college in 1994, the average cost for an in-state, four-year degree and required fees (excluding room and board), adjusted for inflation, was $5,119 annually.[1] As of 2023, that amount has grown to $17,709.[2] Though the rise in cost alone provides one reason the Section 529 Education Savings Plan has become so popular for young Hoosier families looking to invest in their children’s future, tax-free growth and payout and accompanying state-tax credits provide additional reasons why families are conducting planning through such investments. Read more at https://lnkd.in/giQTtpkh. #SKOfirm #SKOInsider

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How To Get a Mortgage Without Financially Freaking Out Wondering how to get a mortgage to buy a home, but scared you'll mess things up? Buying a house is exciting, but can also fill you with fear. https://vist.ly/3mmtvki

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Credit scores play an important role in our financial lives. But what is a good score and how do you improve and preserve yours? Read our Insights for some useful tips. http://spr.ly/6040cxc0E

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The average 401(k) balance is $112,572, according to Vanguard. But most people don't have that much saved for retirement. The median 401(k) balance is significantly lower at $27,376, more reflective of how most Americans save for retirement.

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"YOU'RE $266,000 LOAN WAS APPROVED!" I was so happy to receive this from my mortgage broker, Lauren Reed, MBA. My #DSCR #mortgage was approved. #DSCR loan works, even for foreigners. As long as you buy at the right place, meaning where the numbers work. Where rent covers all the expense. covers your #PITI mortgage payments. #PITI = #Principal #Interest #Taxes #Insurance The builder agreed to pay $40 a day for rate extension until official #COP. CERTIFICATE OF OCCUPANCY I'm amazed that you can still build a house in 5 months in 2024, just like in 2004. (When I built my 1st #rental in #Kyle) THE NUMBERS Price $380,000. #Rental on the market for $2,575 a month 30-YR #Mortgage 70% #LTV at 7.125% #principle & #interest is $1,792 a month. Won't/Can't move. Now I am waiting. Waiting for the family to occupy my 🏡 I'm getting a nice present for my birthday. My first home in #Sarasota #Florida #investing #investments #passiveincome #realestate #realestateinvestments #investing101 #moneytips #investingtips #propertyinvestor #realestateinvestor #financialindependence #remoterealestate

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Business debt might seem like a necessary evil for your small business, but it doesn’t have to be scary. We have 8 tips to help you manage and leverage your debt. http://ms.spr.ly/6048mCcup

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These debt management best practices from The Hartford will empower you to take charge of your finances and drive your business to new heights. ⬇️ #isgunited #insuranceindustry #businessowner

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Learn how 401(k) plans can help you attract and retain employees, take advantage of SECURE Act 2.0 tax credits and help your employees prepare for the future. Connect with a SurePayroll® By Paychex representative to learn more at https://lnkd.in/gjuBZ9V7 or call 866-497-2028. #retirement #401k #financialplanning #financialfreedom #financialindependence #smallbiztips #businesstips #shopsmall #smallbusinesslove #smallbusinesstips #smallbusinesssupport #entrepreneurs #entrepreneur #entrepreneurship

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Did someone say easy?! The IRS recently introduced new guidance on SECURE 2.0's student loan match. This change has enabled employers to have the ability t match 401(k) contributions with student loan payments. *Cue easier integration in to retirement plans based on the new flexibility. You won't want to miss the information in this article: https://lnkd.in/g6XYsbka American Retirement Association American Society of Pension Professionals and Actuaries National Association of Plan Advisors #401k #StudentLoanPayments #StudentLoanDebt

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Three money moves that can help you better prepare for retirement, according to CFPs.

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What is a 401(k) loan and how does it work? A loan taken from the assets within a 401(k) account; 401(k) loans charge interest and are normally paid back through payroll deductions. If the borrower leaves an employer before a 401(k) loan has been repaid, the full amount of the loan is generally due. If the borrower fails to repay the loan, it is considered a distribution, and ordinary income taxes may be due along with any applicable tax penalties.

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