Contributing money to a 529 college savings plan is a great idea since it is a tax-advantaged savings accounts
PHOENIX (PRWEB) December 06, 2018
There are a number of consumers who are trying to end the year right that is why National Debt Relief shares tips to accomplish that. The article titled “How To End 2018 With Your Finances On A High Note” released December 3, 2018, gives people some concrete steps in managing their finances before the year ends.
The article starts off by pointing out that 2019 is just around the corner and most people are preparing for the holiday season before the end of the year. However, the article explains that in addition to enjoying the holidays, the end of the year is a great time to put your finances in order. Doing so can help consumers end the old year well and put their best foot forward as 2019 unfolds.
The article shares that maximizing retirement contributions is one of the financial decision people need to look into. The end of the year is a great time to get retirement savings in order by putting as much money as their budget can support into the account, up to the maximum contribution. This will help them ensure they optimize the growth and the earning potential of their retirement account.
The article also explains that consumers need to make sure that they start preparing for the tax season for the coming year. It is a good idea for people to call and schedule a meeting with their accountant or tax advisor to discuss expenses, income, and tax liabilities. In many cases, their tax advisor can clue them in with work that needs to be prepared for filing personal income taxes or even company tax returns.
The article also underscores the importance of a 529 Plan for parents who have children. This becomes all the more important for consumers when they have a college-bound child in the next few years. Contributing money to a 529 college savings plan is a great idea since it is a tax-advantaged savings accounts designed specifically to help people set aside funds for a college education.
To read the full article, click https://www.nationaldebtrelief.com/finances-on-a-high-note/