In the News: Grandparents Can Held Fund College Costs with 529 Plan
In today’s Marietta Daily Journal, Bil Lako, CFP®, shares tips on how grandparents can help toward higher education costs.
Hobby or Business? It Makes a Difference for Taxes
You make money from your YouTube videos, but are you a business for profit or is this just a hobby? It matters to the IRS. We explain in this week’s Business Tip.
What happens if my Medicare HMO goes out of business?
If your Medicare HMO goes out of business, you have several choices to make, but a short window to make them. We explain in this week’s Insurance Tip.
The IRS Has Become More Liberal With College Expenses
The IRS has expanded what falls under “qualified higher education expenses” for 529 Plans. Read all about it in this week’s Tax Tip.
Grandparents Helping Fund College Costs
This week, Research Analyst Nick Antonucci, CVA, Managing Associate K.C. Smith, CFP®, and Senior Associate Jarrett McKenzie, CFP®, CWS®, cover a financial planning situation about investors who want to help fund college education savings for their grandchildren. They cover the benefits for both 529 Plans and Roth IRAs.
Market Roundup: Tensions with North Korea Results in Market Volatility
The week started off with gains as the Dow Jones Industrial Average achieved its ninth record closing high in a row and the S&P 500 index ticked up to record level highs. Sentiment was reversed Tuesday as the indices concluded trading in the red zone after trading in a narrow range throughout the day.
In the News: With women living longer, more financial planning may be needed
In today’s Marietta Daily Journal: Per Bil Lako, CFP®, women, who statistically live longer, may need more financial planning.
Elusive Employee Business Expense Tax Deduction
Self-employed individuals benefit by deducting their business expenses directly on their business schedule. Read more in this week’s Business Tip.
Are You Prepared for Long-Term Care Expenses?
Chances are high that you or a loved one will need long-term care. Are you prepared for the expense? Learn more in this week’s Insurance Tip.
Borrowing Money to Finance an Education?
Borrowing funds to finance an education? You may consider a borrowing against your home because of the tax benefits. We explain in this week’s Tax Tip.