Updated Rules Make Grandparent Owned 529’s More Attractive

Month: September 2015

September 29, 2015  |  

Updated Rules Make Grandparent Owned 529’s More Attractive

Key Takeaways: New tax law change makes grandparent-owned 529 plans more attractive than ever. Grandparent-owned 529 plans can now be used to fund the final two years of college–not just the final year–with no detrimental impact on the grandchild’s financial aid package. Consider all of your college savings options carefully before investing. Don’t hesitate to […]

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September 22, 2015  |  

My Daughter’s Surprise 18th Birthday Present: Not what she expected, but it will keep on giving

Key Takeaways Once your child turns 18, the law prevents you from making certain important financial decisions on his or her behalf. Purchase basic estate documents for your child: will, durable POA, healthcare POA. Help your child select a credit card (with reasonable limits and rates) to establish a credit history. For further reading on […]

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September 16, 2015  |  

How Much Life Insurance Do I Need?

Key Takeaways:  The purpose of most life insurance policies is to ensure that your loved ones will be financially secure upon your death. Keep the big picture in mind. Instead of using rules of thumb, consider your specific situation and determine an amount that will allow your loved ones to maintain their standard of living. […]

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