Tax Benefits When Saving for College Education

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Article Highlights: Planning for a Child’s Post-Secondary Education Tax-Favored Plans Tax-Free Earnings Coverdell Accounts Qualified Tuition Plans Have Others Contribute Gift Tax Issues Tuition Gifts A common question…

Post-Pandemic Savings Burning a Hole in Your Pocket?

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Not to overstate the obvious, but the last 18 months have seen major modifications in the ways that most Americans spent their money. Without the ability to visit department stores, malls, and big-box stores, retail therapy was significantly…
Creating an Emergency Fund to Help You Weather a Storm Like COVID-19

Creating an Emergency Fund to Help You Weather a Storm Like COVID-19

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For years, experts have been saying that everyone - including average citizens - needs to have some type of emergency fund in place to help them get through any "rainy days" that may lie ahead. The advice usually varies depending on the source,…
Gift and Estate Tax Primer

Gift and Estate Tax Primer

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The tax code places limits on the amounts that individuals can gift to others (as money or property) without paying taxes. This is meant to keep individuals from using gifts to avoid the estate tax that is imposed upon inherited assets. This…
Here's How to Use 2019 as a Chance to Save More Money Than Ever in the Long Run

Here’s How to Use 2019 as a Chance to Save More Money Than Ever in the Long Run

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A new year is nothing if not a new opportunity – and one that it would be an absolute shame not to take full advantage of. Every January, people make countless New Year’s resolutions. Some want to lose weight; others want to become more…