This season’s perfect gift idea? A 529 plan contribution.

This holiday season, give the lifelong gift of education

Time to read: 2 minutes

My wife and I have always given holiday gifts to our nieces and nephews. As each child grew older, we did our best to tailor the presents to their individual personalities; we’d choose books and CDs for one child, and jewelry and gift cards for another. But keeping up with the trends wasn’t easy, and finding the perfect present for each child soon turned into a shopping nightmare each December — until we realized the perfect gift idea was right under our noses.

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When it comes to retirement bills, we’re bullish on bipartisanship

The midterms seemed like a recipe for gridlock, but Congress has a way of cooperating on under-the-radar legislation.

  Time to read: 3 min

As expected, the US midterm elections resulted in a split Congress between a newly Democratic House and an increasingly Republican Senate. For many issues, this looks like a recipe for gridlock. But when it comes to retirement legislation, we believe there tends to be more bipartisanship. As part of Invesco’s Government Affairs team, we are closely monitoring the legislative landscape as it relates to retirement policy. This is what we’re hearing.

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Give thanks for college savings

There are many things to be thankful for this time of year, including the gift of college savings

Time to read: 2 minutes

As the father of three college graduates, I know firsthand how exciting it is when students return home from school for Thanksgiving break — and not just for the parents. For many students, Thanksgiving break is their first trip back home since the school year started, making that long-awaited family reunion especially sweet.

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Translating account balances to retirement income boosts savings

Receiving periodic retirement income estimates based on account balances can help improve retirement decisions

Jon VoglerTime to read: 2 min

LIMRA Secure Retirement Institute research shows that 52% of workers surveyed say it is difficult to know how retirement savings will eventually translate into monthly income. The findings suggest that offering retirement income estimates to employees can help bridge this knowledge gap and help spur increased saving. 

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A 529 plan could help take your college savings from scary to sweet

Today’s trick-or-treaters are tomorrow’s college students. Are your savings on track?

Tom RowleyTime to read: 2 min

Things have a tendency to get a little bit scary around this time of year — and I’m not just talking about the little ghosts, goblins and ghouls knocking on your door Halloween night. I’m talking about what happens to your wallet.

According to the National Retail Federation’s annual spending survey, Americans spent approximately $9 billion in 2017 (up from $8.4 billion in 2016)1 on Halloween celebrations, including candy, decorations and those cute kids’ costumes.

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House passes retirement component of Tax Reform 2.0

The bill includes changes affecting minimum distribution requirements, multiple employer plans, Universal Savings Accounts, individual retirement accounts and 529 plans

Jon VoglerTime to read: 2 min

On Sept. 27, the House of Representatives approved retirement reform legislation (the Family Savings Act) as part of the “Tax Reform 2.0” package of bills.

The House also passed the American Innovation Act of 2018, which is the small business innovation portion of the Tax Reform 2.0 package. On Sept. 28, it also passed the Protecting Family and Small Business Tax Cuts Act of 2018, which is the part of the package that would make permanent various individual and small business tax provisions from the Tax Cuts and Jobs Act.

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