The One Big Beautiful Bill Act (OBBBA) makes tax-favored Section 529 plans much more flexible. These accounts aren't just for college nowadays. They can also be used to pay for K-12 education costs, accredited trade school costs and more. ABLE accounts also benefit from some favorable changes under the new law. Here's what families should know.

Some companies provide income-replacement payments to employees who are unable to work due to illness or injury. These disability programs may not be subject to the requirements of ERISA. There is a safe harbor that exempts some payroll practices. This article answers one employer's question about a possible exemption, and lists conditions that would make a plan ineligible for safe harbor treatment.

Roth IRAs have a number of unique benefits but many eligible people don't take advantage of them. Don't miss out on this tax-saving vehicle because you assume you don't qualify or you believe your tax rate during retirement won't be very high. In this article, we explain why these assumptions might be wrong and how you might be able to build a substantial tax-favored retirement fund with a Roth IRA.

Hobbies are typically fun and they may be expensive. In some cases, hobbies (including those involving horses) lead to net losses. Before 2018, you could claim itemized deductions for hobby-related expenses up to the amount of income — if your primary motivation was profit, not fun. Now, however, miscellaneous itemized deductions are generally no longer available.