Off to college? Parents need to consider this checklist
Parents may want to discuss numerous topics with children going to college including paying bills, transportation, and seeking health care.
Tag: 529 college savings plan
Be smart with 529 savings plans to maximize financial aid
Here are some saving strategies using 529 savings plans that may help students maximize their eligibility for financial aid.
Three planning ideas found in the tax schedule
A look at the latest tax rate schedule reveals tax-smart planning strategies to discuss with investors.
Navigating multiple options for college savings
Parents identify saving as a top strategy to meet college costs.
New taxes proposed by president during SOTU
Raising the capital gains and dividend tax rates and eliminating certain inheritance tax provisions for high earners are among the tax code changes President Obama proposed in his State of the Union speech Tuesday night. At the same time, President Obama called for the adoption of a number of benefits targeted to lower- and middle-income
Consider college savings when making a year-end gift
For investors still contemplating year-end gift ideas, consider giving the gift of education to grandchildren. There is still time to make a gift and fund a 529 college savings plan. The annual gifting limit for 2014 is $14,000 for individuals. A 529 college savings plan also offers a gift tax exclusion that allows five years’
Five tax strategies that require year-end attention
Nearly every area of financial planning offers strategies that can help taxpayers re-position their investments and reduce their tax liability. But many of these tax-smart ideas — involving capital gains, estate and gift planning, and the alternative minimum tax (AMT) — must be acted on by year’s end. Here are five strategies to consider. 1.
Three ways “back to school” may benefit grandparents
This fall, some 78 million American students from kindergarten to college will head back to school. Planning for school can involve more than students Grandparents can also benefit from their own “back-to-school” preparation. Advisors can help clients understand gifting strategies that can help grandchildren cover their college costs and deliver tax benefits to grandparents at