Non-tuition college expenses make up a significant portion of the price of going to college, but you may need to research to calculate the true costs.
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Parents may face challenges trying to help their child in an emergency at college if they do not have a health-care proxy or power of attorney.
Parents may want to discuss numerous topics with children going to college including paying bills, transportation, and seeking health care.
Multiple recommendations have been made to fix Social Security and some strategies may be more costly for investors.
While major legislation is unlikely to be passed during an election year, some smaller-scale bills to help savers could be advanced.
An HSA (Health Savings Account) may offer certain investors tax-advantaged savings for future health costs in retirement.
With a system that includes seven marginal tax rates, numerous surcharges, and an alternative minimum tax it can be difficult to determine a total tax bill.
Creditor risk, which may be overlooked by investors, can erode retirement savings, particularly in an IRA account.
Some plan participants may use non-hardship 401(k) withdrawals to invest in individual retirement accounts.
Congress eliminated two Social Security claiming strategies last year, but one can still be used by married couples before it expires.