Using a 529 Plan to Fund a Roth IRA
Keener Financial Planning
by Jean Keener, CFP, CRPC
3M ago
You may have heard that you can use 529 Plan money to fund a Roth IRA. But how does it work? And why would you want to do this? College savings (529) plans are popular tools for saving for college. But the big concern is always: what if my child doesn’t go to college? Will ..read more
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2024 Key Financial Planning Numbers
Keener Financial Planning
by Jean Keener, CFP, CRPC
4M ago
Here’s a quick-reference sheet for some of the 2024 key financial planning numbers. It includes tax brackets, retirement plan contribution maximums, education credits, estate tax exemptions, HSA and FSA maximums, and social security maximum taxable earnings. As a highlight, the 401(k) limit increased to $23,000. Catch-up stayed the same at $7,500. The IRA (Roth or ..read more
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Best Financial Planners and Top Wealth Managers 2023 – D Magazine
Keener Financial Planning
by Jean Keener, CFP, CRPC
4M ago
The D Magazine lists for Best Financial Planners and Top Wealth Managers for 2023 have recently been released. We’re delighted to once again be included in both of them. Patty Priddy and Jean Keener have again been named to the Best Financial Planners list.  According to D Magazine, they compile the list by asking every ..read more
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Fall 2023 Financial Planning Newsletter
Keener Financial Planning
by Jean Keener, CFP, CRPC
5M ago
The fall 2023 financial planning newsletter is now available. We cover an update on the investment markets along with year-end planning reminders. Plus, we cover how to give to charities and your heirs most tax efficiently if you have charitable intent with your estate planning. In addition, we have the AA Pilots corner with financial ..read more
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Tax-Efficient Beneficiary Designations
Keener Financial Planning
by Jean Keener, CFP, CRPC
6M ago
Many of our clients plan to leave part of their estate to charity and part of it to individual people. If this is one of your goals, you can maximize the value of your gift by thinking about income taxes. Tax-efficient beneficiary designations allow your gifts to go the farthest. Designating all of your accounts ..read more
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How much can marketing timing cost?
Keener Financial Planning
by Jean Keener, CFP, CRPC
8M ago
We recommend that you not attempt market timing. Mutual fund company Dimensional Fund Advisors recently crunched the numbers on how much it can cost. It’s not pretty. Market timing can cost more than a third of your investment assets if you miss out on just 6 months. For details, including the calculations and disclaimers, please ..read more
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Summer 2023 Financial Planning Newsletter
Keener Financial Planning
by Jean Keener, CFP, CRPC
8M ago
Our summer 2023 financial planning newsletter is now available. In addition to the investment market updates, it includes tips on retirement contributions including the new rules for 2024 401(k) catch-up contributions. We also cover last week’s IRS guidance about Required Minimum Distribution (RMD) relief for both inheritors of IRAs since 2020 and those turning 72 ..read more
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Cash vs. Bonds in 2023
Keener Financial Planning
by Jean Keener, CFP, CRPC
8M ago
Now that interest rates are higher, you may be wondering whether it makes sense to invest in a bond fund when you can earn a relatively high rate of return on cash through money market, CDs, treasuries, or a savings account. These feelings are especially understandable after 2022, a rare year in which stocks and ..read more
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Should you make changes to your portfolio in anticipation of the debt ceiling “X” date?
Keener Financial Planning
by Jean Keener, CFP, CRPC
11M ago
We’re recommending that our clients do not make any portfolio changes based on the debt ceiling issue. We can’t predict the timing of any downturn or subsequent recovery. Even this morning (May 25) when we’re within a week of the X date, the S&P 500 is up a half percent one hour into trading. It ..read more
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Spring 2023 Financial Planning Newsletter
Keener Financial Planning
by Jean Keener, CFP, CRPC
1y ago
The spring financial planning newsletter is now available. It includes an investment market update, as well as insight on FDIC and SIPC coverage. We also provide links to adjust your tax withholding if needed now that the 2022 tax filing deadline has passed. In addition, we highlight Rachel Songer’s recent blog about buying a car ..read more
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