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Surrounding yourself with like-minded people is just fine. But for you to reach greater heights, diversity of thought isn't only a good idea — it's essential.

Some of the reasons to give life insurance to a charity include altruism, tax benefits, and to support a favorite charity.

Stock market indexes are essential indicators of the stock market’s current status. The major indexes, such as the Dow Jones, S&P 500, and Nasdaq 100, each track different segments of the market. Swipe through to learn more about these major indexes and what they represent. As always, if you have any questions about these indexes or your investment portfolio, reach out to our team. We are here to help! Investment advice offered through IFP Advisors, LLC, dba Independent Financial Partners (IFP), a Registered Investment Advisor. IFP and Clear Financial Strategies are not affiliated.

The FAFSA application is undergoing significant changes that could impact financial planning for college-bound students, including: 🗓️ Delayed Release - The 2025-2026 FAFSA release is postponed from October 1 to December 1 due to software issues. Limited testing with select students starts on October 1. 🚫 Elimination of Multi-Child Discount - The revised FAFSA formula removes the discount for families with multiple children in college. Each child's Student Aid Index (SAI) is now calculated separately, without any discount. 💸 Changes in Financial Reporting - Contributions to workplace retirement plans like 401(k) or 403(b) are no longer counted in SAI calculations, potentially lowering reported income and improving aid eligibility. However, tax-deferred IRA contributions are still taxable. 🏦 Treatment of Sibling 529 Assets - The new FAFSA guidelines exclude sibling 529 and Coverdell accounts from being reported as the student's assets, though they remain parental assets if owned by the parent. Accounts owned by others, like grandparents, don't need to be reported, which could increase aid eligibility. 📚 CSS Profile Considerations - These FAFSA changes do not apply to other financial aid applications, like the CSS Profile, which may still consider factors like the multi-child discount and sibling 529 assets in determining aid packages. Given these updates, it’s crucial to revisit your financial strategies. If you have any questions or need assistance navigating these changes, we’re here to help! 📞 Drop us a message or give us a call anytime.

Do you provide 401(k) matching for your employees? Understanding vesting schedules is crucial for your benefits package. Swipe through to learn more about vesting and the role it can play in employee retention. Have questions about vesting schedules? Reach out to our team. We are here to help! Investment advice offered through IFP Advisors, LLC, dba Independent Financial Partners (IFP), a Registered Investment Advisor. IFP and Clear Financial Strategies are not affiliated.

High fees can impact your company's financial health more than you think. The good news is that we specialize in optimizing 401(k) plans to secure your employees' futures without impacting your bottom line. Reach out today and let us help you find the right 401(k) for your company. Investment advice offered through IFP Advisors, LLC, dba Independent Financial Partners (IFP), a Registered Investment Advisor. IFP and Clear Financial Strategies are not affiliated.