May 29 is 529 Plan Day

May 29 (5/29) is nationally recognized by the college savings industry as 529 Plan Day, a day to highlight these tax-advantaged education savings accounts. At the end of 2019, there were 13.4 million 529 savings plan accounts with a total of $346 billion in assets. (Source: ISS Market Intelligence, 529 Market Highlights, 4Q 2019)

529 Savings Plans vs. Prepaid Tuition Plans

Section 529 plans are popular education savings vehicles. To choose the type of 529 plan that’s right for you, it’s important to understand how 529 savings plans and 529 prepaid tuition plans work and the differences between them. Continue reading “May 29 is 529 Plan Day”

Choosing a Nursing Home

What is a nursing home?

A nursing home is a state-licensed facility that may provide skilled nursing care, intermediate care, and/or custodial care. You may need to enter a nursing home on a short-term basis (for example, after a major illness or injury), or on a long-term basis (if you become physically or mentally incapacitated and cannot care for yourself). Although you may prefer in-home care, you may need to enter a nursing home if you require round-the-clock care, especially if you don’t have family to help you at home or if the services of an in-home caregiver are inadequate or unavailable. Continue reading “Choosing a Nursing Home”