2023 - ERB FINANCIAL

  • Home
  • About
    • Our Company
    • Our Team
  • Tax
    Services
  • Investment
    Services
  • Resources
    • Helpful Links & Websites
    • Financial Calculators
    • Tax Topics
    • Tax Preparation Checklist
    • Newsletters
    • Forms & Worksheets
    • Women and Investing
  • Blog
  • Contact
    • Contact Us
    • Driving Directions
  • broker
You are here: Home / Archives for College

Life Insurance in Retirement

What role can life insurance play in your retirement plan? Most of us think of life insurance as protection against financial loss should we die prematurely. But when we reach retirement and the kids are all self-sufficient, do we still need life insurance? The answer is maybe. Here are some situations where life insurance may make sense for retirees or those close to retirement. Provide a source of retirement income While life insurance is designed to protect against unexpected … [Read more...]

Filed Under: Budget Spending Finance, College, Debt, Estate Plan, Insurance, Long-Term Care, Marriage, Mortgage, Personal Finance, Retirement

Versatile 529 Plans Can Help with More than Just College

529 plans were originally created in 1996 as a tax-advantaged way to save for college. Over the past several years, Congress has expanded the ways 529 plan funds can be used, making them a more flexible and versatile savings vehicle. College, plus other education expenses A 529 savings plan can be instrumental in building a college fund — its original purpose. Funds contributed to a 529 savings plan accumulate tax-deferred and earnings are tax-free if the funds are used to pay … [Read more...]

Filed Under: 529, Children, College, Debt, Estate Plan, Roth IRA

The Versatile Roth IRA

Used with care, the Roth IRA may help serve several objectives at once — like a multipurpose tool in your financial-planning toolbox. Retirement First and foremost, a Roth IRA is designed to provide tax-free income in retirement. If your modified adjusted gross income (MAGI) falls within certain limits, you can contribute up to $7,000 ($8,000 for those age 50 or older) in earned income to a Roth IRA in 2024 and 2025. Although Roth IRA contributions are not tax-deductible, … [Read more...]

Filed Under: College, Estate Plan, Mortgage, Retirement, Roth IRA

FAFSA for 2025-2026 School Year Opens December 1

For the second year in a row, the Free Application for Federal Student Aid, commonly known as the FAFSA, will be delayed. The FAFSA for the 2025–2026 school year will open on December 1 instead of the typical October 1 date. Last year, despite a redesigned FAFSA that was supposed to be easier to complete, families faced a perfect storm — a delayed rollout, technical glitches, and processing delays, which led to confusion and late financial aid packages from colleges. By one estimate, as of March … [Read more...]

Filed Under: College

How the Typical American Family Pays for College

The typical family uses a combination of income, savings, grant aid, and loans to pay for college. For the past several years, income and savings from parents and students have consistently covered about half of the total cost, with grant aid covering about one quarter of the total cost and loans covering most of the remainder. Starting a college fund early and aggressively looking for grant aid from colleges can help families reduce the amount they may need to borrow. A net price calculator, … [Read more...]

Filed Under: College

Financial Regrets

A 2023 survey found that about three out of four U.S. adults had a financial regret. The most common were not saving for retirement early enough, taking on too much credit card debt, and not saving enough for emergency expenses. It's probably not surprising that the weight that people placed on these and other regrets varied by generation — and regret about not saving early enough for retirement was higher for those closer to retirement age. Source: Bankrate, July 19, 2023 (categories not … [Read more...]

Filed Under: College, Credit Cards, Debt, Homeowner, Retirement

Saving for College: 529 Plan vs. Roth IRA

529 plans were created in 1996 to give families a tax-advantaged way to save for college. Roth IRAs were created a year later to give people another tax-advantaged way to save for retirement. Along the way, some parents began using Roth IRAs as a college savings tool. And now, starting in 2024, extra funds in a 529 plan can be rolled over to a Roth IRA for the same beneficiary. Here's how the two options compare in a few key areas. Contribution rules 529 plan: Anyone can open a … [Read more...]

Filed Under: 529, College, Roth IRA

New SAVE Repayment Plan Offers Key Benefits

In July 2023, the Department of Education launched a new income-driven repayment (IDR) plan for federal student loans called the Saving on a Valuable Education (SAVE) Plan. The SAVE Plan is the most generous IDR plan to date, and like all IDR plans, it calculates a borrower's monthly payment amount based on income and family size. The SAVE Plan replaces the existing Revised Pay As You Earn (REPAYE) Plan, and all borrowers who are currently enrolled in REPAYE will be automatically transferred … [Read more...]

Filed Under: College, Debt, Govt-Legislation, IRS

A New Year, A New Opportunity to Save with a 529 Plan

The start of a new year is typically a time when people resolve to implement or recommit themselves to a personal financial goal. This year, why not consider opening a 529 plan account, or increasing your contributions to an existing account, to enhance your child's or grandchild's financial future? 529 plans are the most flexible they've ever been since their creation more than 25 years ago. A college fund ... and more Education, in any form, can be a key life building block. A … [Read more...]

Filed Under: 529, College

When Two Goals Collide: Balancing College and Retirement Preparations

You've been doing the right thing financially for many years, saving for your child's education and your own retirement. Yet now, as both goals loom in the years ahead, you may wonder what else you can do to help your child (or children) receive a quality education without compromising your own retirement goals. Knowledge Is Power Start by reviewing the financial aid process and understanding how financial need is calculated. Colleges and the federal government use different formulas to … [Read more...]

Filed Under: Articles, Budget Spending Finance, Children, College, Debt, Retirement

  • 1
  • 2
  • 3
  • Next Page »

Call: (585) 426-8190

sidebar-Group-Indoors

Retirment Savings Challenges for Women


©2025 Broadridge Investor Solutions, Inc.

Receive Our Newsletter

Subscribe Now

Recent Posts

  • Erb Financial: July Newsletter 2025
  • Family Fun for Less: Tips to Help Cut Costs on Your Next Vacation
  • Buying a Condo? Focus on the Financials
  • Have You Set a Retirement Savings Goal?
  • Travel Spending Surpasses Pre-Pandemic Levels
  • Erb Financial: June Newsletter 2025
  • Peer-to-Peer Payments Are Popular, but Be Careful

Post Topics

Recent Posts

  • Erb Financial: July Newsletter 2025
  • Family Fun for Less: Tips to Help Cut Costs on Your Next Vacation
  • Buying a Condo? Focus on the Financials
  • Have You Set a Retirement Savings Goal?
  • Travel Spending Surpasses Pre-Pandemic Levels

Tax Help

Investment Help

Subscribe to Newsletter

Financial Calculators

Call: (585) 426-8190

rochester erb financial
Contact Us

rochester erb financial Check the background of this investment professional on
FINRA’s BrokerCheck

Copyright 2019 - ERB FINANCIAL is an independent contractor who offers Securities and Investment Advisory Services through Ashton Thomas Securities, LLC, member FINRA/SIPC, 200 Canal Park Blvd, Rochester, NY 14623, 585-424-1234 • Ashton Thomas Securities, LLC and Erb Financial are separate entities; There is no common ownership between the two. Ashton Thomas Securities, LLC is a Member of [FINRA] and [SIPC]
[financial advisors websites]

  • Home
  • About
    ▼
    • Our Company
    • Our Team
  • Tax
    Services
  • Investment
    Services
  • Resources
    ▼
    • Helpful Links & Websites
    • Financial Calculators
    • Tax Topics
    • Tax Preparation Checklist
    • Newsletters
    • Forms & Worksheets
    • Women and Investing
  • Blog
  • Contact
    ▼
    • Contact Us
    • Driving Directions
  • broker