Genesis Financial Group

Tomorrow is National Higher Education Day! 🎓

For many families, saving for education is an important part of their long-term financial plan.

One recent update from SECURE 2.0 allows certain 529 plan funds to be rolled over into a Roth IRA under qualifying circumstances. While there are specific rules and limitations, this change may provide additional options for families who have diligently saved for a child's education.

A few things to keep in mind:
✅ The 529 must have been open for at least 15 years
✅ There are annual and lifetime limits on how much can be rolled over
✅ The rollover counts toward the Roth IRA contribution limit for that year

Every family's situation is different, but it's encouraging to see more flexibility available when planning for future education goals!

Have questions? we're here to help.

Claiming Social Security as early as possible sounds like a no-brainer. But for many people, it's not the right move.

Factors like how long you expect to work, your overall health, and your spouse's plans can all play a role in figuring out what makes sense for your situation. There's no one-size-fits-all answer.

If you haven't thought through your Social Security strategy yet, it's worth a conversation.

June 1st is National Pen Pal Day! ✉️

In a world of texts and emails, there’s something special about taking the time to write a thoughtful note and stay connected with the people who matter most.

Today, consider sending a handwritten note to someone who could use a smile. A few kind words can go a long way!