The cost of a college education continues to rise faster than general inflation, making saving for a child’s future education a daunting task. Fortunately, state-sponsored college savings programs known as “529 plans” help families meet this challenge.
A trustee’s duties may require expertise in collecting estate assets, filing tax returns, managing investments and interacting with trust beneficiaries. Determining whom to appoint as trustee is an important decision.
Studies show the lion’s share of a portfolio’s performance is due to its asset allocation. Accordingly, many investors keep a watchful eye on their mix of stocks, bonds, real estate and cash. But few investors pay much attention to asset location. Doing so, however, can help reduce their tax bill
What could you do with an extra $350,000?
Healthcare is one of the biggest expenses a person faces in retirement. Medicare is a government sponsored health plan for people ages 65 and older which helps meet these ever-growing costs. Getting the most from this important benefit requires familiarizing yourself with the program and keeping up with the inevitable changes that will occur.