Pioneer Federal Credit Union’s Post

Student finance is poised to become an electoral focal point despite political reluctance. Labour’s recent discourse is cautious, suggesting reform of the current system to make it fairer via some form of progressive repayment structure without increasing borrowing and the possible reintroduction of maintenance grants. However, specifics remain vague, likely due to the complexity and fiscal constraints involved. All this signals a continuation of limited university finances. The upcoming statistics on student loan repayments will be crucial, possibly further impacting university staffing and student welfare.

What is a Generation Skipping Trust and How Can it Benefit Your Family? Learn about the advantages of a Generation Skipping Trust and how it can help protect your family's wealth from estate taxes. Discover how this unique trust structure can provide financial benefits for multiple generations to come. #GenerationSkippingTrust #FamilyWealthProtection #EstateTaxPlanning #MultiGenerationalWealth #TrustsAndEstates #WealthTransfer #EstatePlanning #FinancialProtection #TaxExemptTrust #LegacyPlanning

For my municipal peeps - let's talk municipal bonds and the potential impact of the expiration of the TCJA (aka Trump tax cuts). Okay, I'm not the expert on such things, but Stephanie Irvin, MBA from the Odyssey Advisors team interviewed Liz Farmer to get her thoughts on how this will impact you. We've all got opinions - political, financial, economic, etc. but in this case we figured it was better to hear from an expert vs just another person rambling on. It's about 15 minutes but worth the watch/listen. If there are other topics you'd like us to cover, let us know. #municipalbonds #stateandlocal #localgov #publicfinance #tcja

Ensuring your legacy benefits your grandchildren in the best way possible is a crucial part of financial planning. At our blog, discover the advantages of setting up a trust to pass on your inheritance. Learn about the different types of trusts, tax considerations, and how you can protect your assets from unforeseen circumstances. #FinancialPlanning https://ow.ly/SWOt50Q5ZgU

How can you ensure a lasting impact through estate planning? Marcy ’80 and Ron Newman, discovered that naming the Texas A&M Foundation as a beneficiary of Marcy’s IRA allowed them to support future Aggies while enjoying tax advantages. Read more about how and why they give here: https://bit.ly/3zgwy33

Unlock the secrets to maximizing your wealth and minimizing taxes with trusts! If you're over 65 and earning over $15,700 in income, navigating tax season can be less than thrilling. But fear not! In this insightful article, we explore how trusts can be your ticket to preserving assets for future generations while minimizing tax burdens. Discover how strategically setting up trusts can shield your wealth from lifelong payments to the government, preserve step-up in cost basis for property, and even bypass costly probate processes. Join us as we delve into the tax advantages of trusts and learn how they can safeguard your financial legacy. Don't miss out on this essential guide to securing your wealth and leaving a lasting impact for generations to come! Follow the link to learn more: https://lnkd.in/e43erdWX

A legacy trust can help protect your wealth and provide benefits for multiple generations while potentially minimizing taxes. Learn more about how it works.

A legacy trust can help protect your wealth and provide benefits for multiple generations while potentially minimizing taxes. Learn more about how it works.

🚪 Exploring the backdoor Roth IRA strategy can be both promising and perilous! While the backdoor Roth IRA offers a way to navigate around income limits, allowing for tax-free growth and withdrawals, it comes with its set of challenges. 😬 💡 High-income earners need to be cautious of potential tax bills and complex record-keeping that might last for years. 🔎 Before you leap into this tax strategy, understand the pitfalls, especially if you have multiple IRAs. Converting the entire amount to a Roth or rolling deductible funds into a 401(k) could simplify your future finances. 🤓 Stay informed and consult with a professional to navigate these tricky waters effectively. #BackdoorRothIRA #TaxPlanning #FinancialAdvice #RothIRA

A legacy trust can help protect your wealth and provide benefits for multiple generations while potentially minimizing taxes. Learn more about how it works.