Saving for college may seem like it starts as soon as you learn about a new addition to the family. With all the discussions about 529 plans to invest in future educational expenses, recent changes have actually made things better, for the most part.
In this episode, Tony Luckhardt, MBA, CFP®, CRPC®, discusses changes to rules around 529 accounts and how they relate to saving for college, and maybe even retirement expenses. He explains the basics of 529 plans, including their tax advantages and options for unused funds.
Tony shares more about:
How the Secure Act 2.0 plays into this saving strategy
A new provision that allows for a rollover of funds from a 529 account into a beneficiary’s Roth IRA
In a world where uncertainty lurks around every corner, humans have an innate desire to predict the future, particularly when it comes to things that may impact them negatively. Economic forecasting is one such endeavor, attempting to navigate the complex currents of financial markets and emerging economies.
In this episode, Luke Hail, MBA, CFP®, and Ryan English, MBA, CFA, CPA, CFP®, discuss the value of forecasting when it comes to the economy and the stock market. Drawing parallels to our primitive instincts, they delve into the desire to foresee economic developments that could either benefit or harm us.
Luke and Ryan share more about:
The difference between economic forecasting and stock market forecasting
When the tax deadline looms near and you find yourself in need of more time to complete your return, what steps should you take? It’s a common situation; about 12% of tax returns filed each year are extended! Maybe life got busy or perhaps you have a complicated financial situation and find yourself waiting on forms needed to file your return. Either way, there’s no need to stress! Tax extensions are available for a reason, and navigating them isn’t complicated.
In this episode, Emily Diaz, MAcc, CPA, CFP®, explains that a filing extension provides an extra six months to file taxes, but it does not extend the deadline for paying taxes. She emphasizes the importance of paying taxes on time to avoid interest and penalties, and how simple the extension form is.
Emily shares more about:
The simplicity of filing for an extension
How obtaining an extension can improve the accuracy of your return
Emily joined Foster & Motley with a CPA background, but her interest in client service can be traced back to her high school days when her mother, also a CPA, asked Emily to help a client straighten out their bookkeeping. Emily loved using her analytical and financial skills and developing a relationship with the client to solve problems together.
Soon after, Emily declared a major in accounting and graduated summa cum laude from Grove City College (PA) in 2013. She went on to earn her Master of Accounting degree from The Ohio State University in 2014. Upon graduating, she entered public accounting, joining Plante Moran’s tax team and obtained her CPA license. After exploring corporate and non-profit tax, Emily found her passion in serving individual clients, especially high net worth families.
As a Financial Planner at Foster & Motley, Emily draws on her tax expertise and experience with individual clients and families. While Emily has always enjoyed diving into details, she also thrives on looking at the big picture and figuring out how all the pieces come together to meet the client’s financial goals.
When not in the office, Emily can be found running, cooking, or swimming. She is also actively involved at her church and enjoys traveling internationally. At present, Emily lives with her husband, Dan, in Mason.
What is Property & Casualty Insurance and how do I make sure I have the right Coverage? With Rachel Rasmussen, MBA, CFA, CDFA®, and guest, Erin Blevins
Not all insurance plans are created equal, which is why having the right partner matters.
In this episode, Rachel Rasmussen, MBA, CFA, CDFA®, is joined by Erin Blevins from Oswald Insurance to dive into property and casualty insurance specifically. They discuss how to make sure you have the right coverage for your situation and the importance of planning for unknown risks.
Erin also shares about:
The difference between market value and replacement value in home insurance
The importance of umbrella coverage
Considerations you need to make when looking to purchase a home in a weather rampant area
Why insurance is necessary outside of legal requirements
The information discussed and posted represents the views and opinions of the guest and does not necessarily represent the views or opinions of Foster and Motley. The content has been made available for informational and educational purposes only and is not intended to be a substitute for professional financial advice. Keep in mind that rules and regulations are subject to change. Always seek the advice of your financial advisor or other qualified financial service provider with any questions regarding your financial planning and investments. Foster and Motley is not affiliated with any third-party providers. Any mention of a third-party provider does not imply an endorsement of that provider. If you decide to utilize a third-party provider, you do so at your own risk.
About Our Guest:
Erin Blevins joined The Oswald Companies in early 2016 with more than 20 years of experience in Personal Risk Management in the affluent space. She has an extensive focus in Business Development and Relationship Management. In addition, has developed a specialized niche dedicated to high-profile clientele and multi-generational families.
EDUCATION AND PROFESSIONAL AFFILIATIONS
Erin attended Ball State University and The University of Cincinnati with a focus in Business Marketing. Erin has earned her Certified Insurance Services Representative (CISR) designation and is currently pursuing an additional designation as a Chartered Private Risk and Insurance Advisor (CPRIA). She has studied with various insurance carriers to complete sales and service training to provide exceptional service to her clients. Erin also serves on the board for her community’s youth football organization.
