Studying up on 529 college savings plans

Two types of savings plans provide families with tax-saving strategies that also benefit their children and grandchildren. College savings plans and prepaid tuition plans are what are known in the tax community as 529 plans. These vehicles have much higher contribution limits than tho

Filing for Social Security: What distribution strategy will work for you?

About 8,000 Americans reach the traditional retirement age of 65 every day, according to AARP. If you’re one of these preretirees, you have a lot of decisions to make about your retirement finances — including when you should start receiving monthly Social Security retirement benefits

5 Things Millennials Need to Know About Finances

According to surveys, only 24 percent of millennials demonstrate basic financial knowledge. There are many reasons for that lack of knowledge: Some of that information comes with life experience, and some of it is facts that would have traditionally been taught in a home economics or

5 Personal Finance Mistakes People Make

It’s easy to think your personal finances aren’t as vulnerable as those of other people. You may think it’s unlikely you’ll be fired or that you’ll have to deal with a medical emergency. And retirement? Odds are, your retirement is many years into the fut

Estate planning is STILL important…

Now that there’s a $5.34 million federal estate-tax exemption — and the exemption is portable between spouses — many people don’t see a need to do estate planning.* But planning is important even if you don’t expect the IRS to take a share of your estate. Here are so