Below are four areas where parents can positively influence their children to help them build sound financial skills and a healthy relationship with money.
Contributions made to a 529 are made with after tax dollars, but the earnings on the contributions grow tax deferred, and withdrawals made for qualified expenses are tax free.
HELOC stands for home equity line of credit. Like a mortgage, it’s a loan made against the equity in your home.
Understanding how your assets are titled is a major tool to protect your wealth.
The terms reflect the current market pricing, not the quality, of particular bonds.
There is a way to receive a partial deduction for money that will eventually go to your children.
It’s a great place to retire, but can be an expensive place to have an estate.
What can be worse than expecting to finally get a Social Security raise, only to find out that your net check actually went down due to your income two years ago?
Taxpayers in the highest tax bracket should take a long-term view of tax planning. This method can help lower long-term tax liabilities.