Reasons why a grandparent-owned 529 plan may make sense
May 20, 2024
Grandparents may want to explore funding a 529 plan for their grandchildren. Here are some considerations such as the impact on estate plans and student aid.
May 20, 2024
Grandparents may want to explore funding a 529 plan for their grandchildren. Here are some considerations such as the impact on estate plans and student aid.
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For families saving for college, 529 plans remain popular. Here are some key facts about 529 plans.
Heirs with inherited retirement accounts can skip taking RMDs this year without penalty under IRS guidance.
Considering the broader tax benefits, 529 plans may be a more tax-efficient way to save for college than custodial accounts.
With tax season over, some taxpayers may want to forget about taxes until next year but there may be advantages to focusing on taxes beyond the filing season.
For those looking to efficiently transfer wealth, here are some considerations and strategies when planning for step-up in cost basis.
Potential changes in estate and gift tax laws are causing some individuals to review plans and choose how to pass wealth to beneficiaries.
For individuals considering a distribution or rollover it is important to understand the options around company stock in a retirement plan.
Individuals saving for retirement may overlook state taxes which can mean a larger tax bill in retirement than expected.
Treasury report offers a look at potential policy items such as tax hikes that could be proposed in the future.