Inflation Continues To Decline In June 529 To Roth IRA Transfers
b"In this episode of the Planned Solutions Incorporated Podcast, The rate of inflation declined by two-thirds from a year ago when it peaked at 9.1%. The June inflation rate was just 3.0%, a 1.0% decline from May. The decrease in prices was led by a large drop in energy prices, while food and shelter inflation remained persistently high.\\nHowever, the average inflation rate for many households that own their home, and therefore are insulated from the increase in shelter prices, is likely below the Federal Reserve\\u2019s target of 2.0%.\\n\\nAlso, A new rule takes effect in 2024 that will allow unused funds in a 529 college savings plan to be transferred to a Roth IRA in the name of the 529 plan beneficiary. This is a great opportunity for college savers who do not use the funds in a 529 plan to fund college expenses or have funds left over after college. However, there are a number of detailed provisions in the law that must be followed in order to qualify for the transfer.\\n\\nAnd, This is expected to be the biggest travel season in years. As a\\nresult, travelers are dealing with larger crowds, limited lodging, and dining options, and increased add-on fees. Many of these fees are an attempt by hotels and restaurants to keep their list prices low to compete with other options while still boosting revenues with additional costs. Therefore, it is important to read the fine print and understand the extra fees that may apply when making travel plans this summer.\\n\\nPlus a look at the Planned Solutions Incorporated Office Bulletin Board- It is official, we recently sent out the registration forms for our annual charity golf tournament.\\nWe are busy ordering the giveaways for the tournament and gathering donations for the silent\\nauction. We hope you will be able to attend (either golf or attend the dinner) or donate to a cancer\\ncharity to support our efforts.\\nThe Planned Solutions Cancer Memorial Charity Golf Tournament\\nDate: October 13, 2023\\nLocation: Rancho Murieta Country Club \\u2013 North Course\\n 7000 Alameda Drive\\n Rancho Murieta, CA 95683\\nTime: 1:00pm shotgun start, 5:30pm dinner\\nAll profits go to cancer research and education. You can help by attending the tournament or\\ndonating. Not golfing? Bring friends and attend the dinner.\\nChase Armer's book- Financial Planning Insights is now available at:\\nhttps://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb\\n\\nTo subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com\\n\\nThe Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.\\n\\nPlanned Solutions, Inc."