The Seaside Blog

Life is full of changes, both big and small. From the joyous occasion of a birth to the sorrowful event of a death, these moments shape our lives and require us to adapt our plans accordingly. One crucial aspect that often gets overlooked in the midst of these changes is reviewing and updating your beneficiary selections. Whether it's for life insurance, pension plans, IRAs, or other financial assets, taking the time to reassess and make necessary updates is essential. In this article, we will explore why reviewing your beneficiaries annually is so important and provide you with a step-by-step guide on how to check your beneficiary designations in the Seaside portal.

Here are "24 Things To Consider In 2024" regarding your finances & planning.

As we bid farewell to another year, it's time to take stock of the financial landscape and chart a course for success in 2024. After the turbulence of the 2022 bear market, the stock market was in recovery mode during the first half of the year, offering hope for investors. However, after peaking in late July, the market went down for three straight months on news of inflation, turbulence overseas and the economy in general. Just when it seemed like things were not improving, we had a fantastic November and December giving us a nice market increase moving into the new year.

2023 is rapidly coming to a close and with it there are things you can be doing right now to make smart moves with your money. We want to lay out some strategies and tips to help you make great year end money moves.

Saving for college education is a top priority for many families, but the uncertainty surrounding the cost of education and the future plans of the beneficiary can make it a challenging endeavor. That's where 529 plans come into play. A 529 plan is a tax-advantaged investment account designed to help families save money for a child's education. However, the new rules introduced by the SECURE 2.0 Act in 2024 have expanded the usefulness of these plans by allowing beneficiaries to roll over funds to a Roth IRA. In this article, we will explore the benefits and rules of 529 plans and Roth IRAs, and how these changes can reshape educational and retirement savings strategies.

Health Savings Accounts (HSAs) have become increasingly popular as a tax-advantaged way to save money for medical expenses. With the rising costs of healthcare, it is crucial to have a financial plan that not only covers current expenses but also provides for future needs. We will explore the ins and outs of HSAs, including the recent changes to contribution limits in 2024, the benefits of using HSAs for retirement planning, and how to make the most of these accounts.