Posts Tagged: education

529 Plan – What are Qualified Expenses?

education books
The main tax advantage of a 529 Plan (in a state-sponsored college savings plan) is that distributions for qualified expenses are tax-free. In other words, contributions grow tax-free and earnings won’t be taxed when withdrawn for QUALIFIED EXPENSES.  In certain states, you may also benefit from ...
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How to Make Summer Really Count

lemonade stand
With summer vacation ramping up, you might be wondering how you will keep your kids or grandkids occupied all summer and not hear, "I'm bored!", constantly. Having children create their own fun activities has it benefits (and risks), but if you'd like to offer them some ideas, here are a few activit...
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Location, Location, Location! How Asset Placement Can Save You Taxes

Taxes
Asset Placement is a popular discussion among financial planners (we’re a nerdy bunch). Asset Placement is determining what type of account (IRA, Roth IRA, trust, etc.) should hold what type of investment (bonds, US stocks, foreign stocks, real estate, etc.). If you ignore asset placement and you ...
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Fundamentals of Financial Awareness

Do you ever feel like you don’t really know exactly where you stand financially? Are you spending too much? Are you saving enough? Are you even moving in the right direction? Every adult should have a basic awareness of their financial position. Two of the best tools to start with are a net ...
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Hitting the Books during Spring Break

As kids, most of us anticipated Spring Break as a time to escape from reading, books, or anything that remotely resembled "heavy" thinking. However, as I've gotten older, I find that I anticipate Spring Break or any vacation as a great opportunity for leisure reading. With that in mind, I have ...
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