Prism Planning and Solutions Group

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West Harrison, NY
Prism Planning and Solutions Group

Prism Planning and Solutions Group is a fee-only advisory firm. Based in White Plains, NY, we also operate virtually and serve clients nationwide.

We seek to ensure our clients feel well cared for, informed and secure during all stages of life. Prism Planning and Solutions Group, LLC is a fee-only financial planning and investment management firm. We are committed to empowering our clients to pursue their dreams and passions; we seek to ensure they feel well cared for, informed and secure during all stages of their lives. Prism is based in W

hite Plains, NY and operates both physically and virtually serving clients in more than twenty states. If you are following a unique path, be it what you do, where you live or who you love - you're likely to encounter complex circumstances, and might even feel marginalized or excluded. We understand those challenges and are dedicated to simplifying the financial intricacies of your life. We get you and we've got your back. Advisory services offered through Prism Planning & Solutions Group, dba of PPSGRP LLC, an SEC-registered investment adviser. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security. The information in this material is not intended as tax or legal advice. Please consult with a tax advisor or attorney for advice regarding your specific situation. Past performance is not a guarantee of future results.

07/17/2026

529-TO-ROTH: STILL NO UPDATES ON THE 15-YEAR CLOCK ⏳

Nearly 3½ years and still waiting! Where's the guidance?

🔍 Background: In December 2022, the SECURE 2.0 Act introduced a game-changing provision allowing excess funds from a 529 college savings plan to roll into a Roth IRA. 💰✨

But hold on—there are some key restrictions:

✅ Max lifetime rollover is $35,000.
✅ Subject to annual Roth IRA contribution limits (e.g., $7,500 in 2026).
✅ The beneficiary must have equal compensation for the rollover amount that year.
✅ The Roth IRA must be under the beneficiary’s name!

07/16/2026

This month's article by IRA analyst Andy Ives, CFP®, shines a light on a game-changing SECURE 2.0 Act provision: moving 529 college savings into a Roth IRA! 🎓💰

For over three years, this opportunity has been in limbo due to an unanswered question.

Catch daily snippets here or dive into the full piece on our website now!

👉 https://www.ppsgrp.com/post/529-dollars-in-a-roth-ira-what-we-know-what-we-don-t-and-why-it-matters

07/15/2026

In the last decade, discipline has taken a hit!

Laws impacting your retirement accounts are now passed and put into action without warning.

This rush leads to confusion, mixed messages, and shaky decision-making. 🌀

Stay informed to navigate these changes with confidence! 💪

07/14/2026

Pension Protection Act of 2006 🏛️

This landmark law introduced the Stretch IRA, letting non-spouse beneficiaries withdraw distributions over their lifetimes!

However, a single word choice by the IRS—“may” instead of “shall”—put its intent in jeopardy. Thankfully, due to a four-year phase-in period, there was time to correct this crucial error before it impacted anyone. 📅

07/13/2026

Throughout history, Congress has passed laws outlining intentions, while agencies like the IRS and Department of Labor crafted the rules for implementation.

These draft rules were shared publicly for review and feedback. This crucial process helps prevent unintended outcomes from legislative ambiguities—allowing time to catch and fix issues before anything goes live!

07/10/2026

If you've been keeping up with the 529-to-Roth IRA rollover news 📈 — a rule passed over three years ago — you might feel frustrated by unanswered questions.

You're not alone! That frustration is valid and highlights a bigger issue in today’s financial legislation landscape. 💼

07/09/2026

🌟 5 Essential Takeaways from the June Blog 🌟

#5 - In a world of uncertainty, mistakes can be lasting. Some retirement account errors are permanent!

Understanding our gaps in knowledge and holding off on decisions until we gain clarity is a smart form of financial protection.

07/08/2026

🌟 5 Must-Know Takeaways from the June Blog 🌟

#4 - This isn’t just a one-off issue — it’s a trend. Financial laws are often enacted before implementation guidelines are set, leaving good-faith actors at real risk.

Stay informed and be prepared! 📊

07/07/2026

🌟 5 Essential Takeaways from the June Blog 🌟

#3 - Hold off on those beneficiary designations! Advisors and custodians strongly advise keeping your 529 plans unchanged until we receive IRS guidance. Acting too quickly could lead to unnecessary risks. Stay smart, stay informed!

07/06/2026

🌟 5 Key Takeaways from the June Blog 🌟

#2 - One critical question still has no answer. More than three years after the law was signed, the IRS has not clarified whether changing the beneficiary on a 529 account resets that 15-year clock. Until they do, making that change could mean starting the clock over — a costly mistake.

Address

777 Westchester Avenue, Ste 101
West Harrison, NY
10604

Telephone

+19148313050

Website

http://www.PPSgrp.com/

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