Posted on: January 2, 2025
Understanding how financial aid and estate planning intersect can make a significant difference when preparing for college expenses. This article will explain how the FAFSA and asset ownership influence aid eligibility, offer actionable strategies to increase the chances of receiving aid and highlight estate planning tools that can protect your wealth while optimizing support for […]
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Posted on: December 13, 2023
In December 2022, Congress passed the SECURE 2.0 Act, significantly changing retirement savings, college savings, and student loans. Two critical parts of the Secure 2.0 Act take effect in 2024 and could substantially impact your family's financial future. This blog explains how the new law affects your unused 529 college savings account and what that […]
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Posted on: April 4, 2023
A type of education savings account called a 529 plan is just one of several tools families can use to prepare for the growing costs of higher education. While these plans can be beneficial for almost anyone since they let funds saved for education compound on a tax-free basis provided they're used for eligible education expenses, individuals who live in states with special tax breaks for contributions tend to fare the best.
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Posted on: April 27, 2021
We recently covered an example to get you thinking about how much you should save each month for retirement. With Federal tax laws in flux with the new administration, it is important to strategically plan your gifting. Saving for college presents a unique opportunity to execute a gifting strategy that will benefit both you and […]
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