Quiz: Back to School Spending
One benefit to self-insurance is that you can pocket money that you have paid in insurance premiums. Learn more about whether self-insurance is a concept you’d like to explore further with your financial adviser.
Quiz: Caring for Aging Parents
One benefit to self-insurance is that you can pocket money that you have paid in insurance premiums. Learn more about whether self-insurance is a concept you’d like to explore further with your financial adviser.
When Your Adult Children Move Home
Nearly 60% of young adults live with their parents. While it may be great to have family close to home, it’s a good idea to understand the financial trade-offs.
BACK TO SCHOOL: THE APPEAL OF A 529 PLAN
Paying for the cost of college is a critical financial goal for many families. Both students and their parents believe college is an important investment that can create opportunities.
YOUR PERSONAL INFLATION RATE
In 2022, inflation hit levels not seen in more than 41 years. Although the Federal Reserve has tightened its monetary policy to help manage inflation, many people are still concerned about what may lie ahead.
529 PLANS AND FINANCIAL AID ELIGIBILITY
If you’re thinking about opening a 529 account, or if you’ve already opened one, you might be wondering how 529 funds will affect your child’s financial aid eligibility.
Charitable Gifting
There are several different types of property that can be donated to charity, and a gift is limited only by your imagination. Are you the type who wants to donate cash, stock, or your lunch box collection from a 1960s sitcom?
Grandparent 529 Plans Get a Boost Under FAFSA Rules
529 plans are a favored way to save
for college due to the tax benefits
and other advantages they offer when funds are used to pay a beneficiary’s qualified college expenses. Up until now, the FAFSA (Free Application for Federal Student Aid) treated grandparent-owned 529 plans more harshly than parent-owned 529 plans. This will change thanks to the FAFSA Simplification Act that was enacted in December 2020. The new law streamlines the FAFSA and makes changes to the formula that’s used to calculate financial aid eligibility.
Life Insurance Beneficiary Mistakes To Avoid
Life insurance has long been recognized as a useful way to provide for your heirs and loved ones when you die. Naming your policy’s
beneficiaries should be a relatively simple task. However, there are several situations that can easily lead to unintended and adverse consequences you may want to avoid.
Saving for Retirement and a Child’s Education at the Same Time
You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle the two? The truth is, saving for your retirement and your child’s education at the same time can be a challenge. But take heart — you may be able to reach both goals if you make some smart choices now.
