education books

529 Plan – What are Qualified Expenses?

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 In other words, contributions grow tax-free and earnings won’t be taxed when withdrawn for QUALIFIED EXPENSES.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 a State tax deduction when contributing to a 529 Plan, unfortunately[…..]

lemonade stand

How to Make Summer Really Count

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 activities that are both fun and[…..]

Location, Location, Location! How Asset Placement Can Save You 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 are agnostic as to tax consequences, you are probably paying[…..]

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 a handful of Spring Break-worthy books related[…..]