Should investors expect faster interest rate hikes? Fed Chair Jerome Powell spoke to Congress Tuesday, explaining his position on the issue. • 529 Plan savers are about to get a boost. Erin Bendig of Kiplinger reports on the new benefit from the SECURE 2.0 Act. • Your current insurance may not be enough if you’re sued. Patricia Mertz Esswein describes the advantages of umbrella insurance policies.
Fed Chair Jerome Powell Opens The Door To Faster Interest Rate Hikes — The Federal Reserve will likely raise interest rates to a higher peak than previously thought. Fed Chair Jerome Powell told Congress Tuesday he may consider ratcheting back up the pace of hikes in an effort to cool down a resilient economy. Read more…
529 Plans Get A Boost With Tax-Free Rollovers To Roth IRAs — Thanks to the SECURE 2.0 Act, you’ll soon be able to roll over funds from your 529 Plan into a Roth IRA, as long as certain conditions are met. Here’s what you need to know about the new changes set to go into effect next year. Read more…
You May Need An Umbrella Insurance Policy — Do you own a dog? How about a swimming pool or trampoline? Do you have a long commute? Are you a hunter? If you answered yes to any of those questions, you have an above-average chance of being sued. That’s when you’ll be glad to have an umbrella insurance policy. Read more…
John R. Day, Bill Ennis, and Matt Heller