Children – MRA Advisory Group
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Category: Children

How to Recover from a Mid-Life Financial Crisis

A financial crisis can be scary at any age, but this is especially true when you’re in your 40s or 50s. Perhaps you’re way behind on saving for retirement or have too much debt from unnecessary spending. Or maybe an unexpected challenge, such as a job loss, illness, or break from the workforce for caregiving…
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Rules on Opening a 529 Plan Account for College

Year over year, participation in 529 plans continues to rise. Anyone can open an account, lifetime contribution limits are typically over $300,000, and there are tax benefits if the funds are used for college. Here are some common questions on opening an account. Can I open an account in any state’s 529 plan or am…
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Is A Flexible Work Schedule Right for You?

It just might be the key. Your job is the foundation for general financial security, including retirement. In addition to providing you with a steady salary and valuable employee benefits, it typically brings with it the ability to save in a tax-advantaged employer-sponsored retirement plan like a 401(k), and if you’re lucky, a pension. It…
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College Cost Data for 2018 – 2019

  The College Board has released college cost data for the 2018-2019 school year in its annual Trends in College Pricing report. Here are the highlights:   4-Year Public Colleges (in-state students): Tuition and fees increased an average of 2.5% to $10,230 Room and board increased an average of 3.1% to $11,140 *Total average cost…
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When to Submit College Financial Aid Forms?

  For the 2019-2020 school year, the federal government’s financial aid form, the FAFSA, can be filed as early as October 1, 2018. It relies on current asset information and two-year-old income information from your 2017 tax return, which means you’ll have the income data you need when you sit down to complete the form.…
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