While college may seem a distant goal for a high school freshman, there are many things students and parents need to do during high school to prepare.
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Tax Cuts and Jobs Act
College financial aid plays a critical role for many families paying tuition and some colleges and universities require two types of aid applications.
Parents may also want to prepare some documents such as a health-care proxy before their child leaves for college in case of an emergency or illness.
Under tax reform, reduced marginal tax rates are lowering the cost of a Roth conversion, but the ability to reverse the move is eliminated.
Many parents sending children to college for the first time may need help with financial advice and maximizing their 529 plan when the college bill is due.
With many financial plans tied to IRS interest rates, there are several strategies that investors may want to consider before rates move higher.
Fewer taxpayers will have to pay the alternative minimum tax (AMT) because of changes resulting from the Tax Cuts and Jobs Act (TCJA).
Families with assets in custodial accounts for minors are wondering how the new tax law will impact those accounts, as changes were made to the kiddie tax.
The path to achieve many financial goals, such as estate planning, may present specific challenges for LGBT couples, particularly those who are not married.
While more families choose a general savings account to save for college, those using 529 college plans are saving more, according to Sallie Mae.