by Brendan Willmann | Oct 31, 2017 | College Savings
529 college savings plans offer several attractive features for grandparents interested in saving for a grandchild’s education. Grandparents may appreciate the ability to retain control of their gifted assets while simultaneously reducing their taxable estate and...
by Brendan Willmann | Oct 31, 2017 | Tax
The costs associated with providing home health care for aging parents can be a significant drain on savings. Proactive tax planning can help ensure a family takes full advantage the potential medical deduction. Proactive planning is best accomplished by preparing a...
by Brendan Willmann | Oct 21, 2017 | 401k, 403B, Investments
According to the IRS, the annual 401(k) contribution limit will increase in 2018 by $500 to $18,500. The catch-up contribution available to those 50 or older will stay the same at $6,000 for a total allowable contribution of $24,500. But the announcement from the IRS...
by Brendan Willmann | Oct 20, 2017 | Capital Gains Tax, College Savings, Tax
Your son or daughter is a 5th year college senior. It happens. And maybe more often than we realize. According to the National Student Clearinghouse it now takes on average 5.1 years to earn a Bachelor’s. Apparently those t-shirts that say “College: The...
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