Savers with Oregon 529 plans may have recently received a postcard with information about a new plan manager, Sumday Administration LLC. The 529 plan manager is a financial services firm that handles all of the transactions and investments within the plan. Oregon 529 Plan account holders won’t see any major changes as a result of the switch, but there are a few key dates to keep in mind: Read more
A recent survey of millennials has been making the rounds on news sites, with particular attention focused on 401(k) loans used to finance home purchases. The survey found that two in ten Millennials who plan to buy a home expect to dip into retirement accounts to fund their purchase and that three in ten who are currently homeowners have already done so.
Although 401(k) loans have some advantages, there are also several important factors to keep in mind before borrowing from your future. Read more
In addition to rolling back post-2008 crisis financial rules, the Economic Growth, Regulatory Relief and Consumer Protection Act signed by President Trump last month contained an important provision for consumers looking to protect their credit. Read more
Even though we are knee-deep in the 2017 tax season, it’s not too early to start thinking about 2018 taxes. Given tax reforms in the Tax Cuts and Jobs Act, wage earners should be sure to review and, if necessary, adjust their tax withholding. You can start this process using the IRS 2018 Withholding Calculator to do a “paycheck checkup” and help you determine whether your tax withholdings are appropriate. Read more
Although most attention has been focused on federal tax changes in the Tax Cuts and Jobs Act (TCJA) passed late in 2017, Oregon residents also need to be aware several important changes in state taxes. Read more
The basic purpose of life insurance is simple: upon your death, a policy will pay out a set benefit (income tax-free and occasionally estate tax-free) to your beneficiaries. When considering life insurance options, however, it can be difficult to determine the amount of coverage your family needs and to understand the terminology and costs/benefits of different policies. Read more
Overwhelmed with year-end planning? If you are still in your working years, ask yourself these three simple questions about retirement savings to start 2018 in a strong and secure position. Read more