The Street: Rita Cheng talks about 529 and retirement plans — “Year-end Financial and Retirement Planning Tips”
December 11, 2020 — From Roth IRA conversions and taxes to employee benefits and your 2021 budget, Robert Powell offers a checklist of easy, smart money strategies in today’s issue of The Street.
Powell turns to Marguerita Cheng, CFP®, for information about 529 and retirement plans.
“If you’re trying to fund your child’s or children’s college education, funding a 529 plan before year-end would be a good idea,” says Marguerita Cheng, the CEO of Blue Ocean Global Wealth. “Some states do offer their residents specific tax deductions or credits for contributions to 529 plans.”