Counting on an Illiquid Asset for a Future Financial Goal
Illiquid assets may always have an inherent value, but selling the asset when you need the money may not always be an option.
Prior-Prior Year Income Rule Good for Grandparent-Owned 529 Plans
Our experts discuss the change to using the prior-prior tax year on the Free Application for Federal Student Aid, and how it can affect how you withdraw from grandparent-owned 529 plans.
Calculating the Gain on the Sale of Your Home
Dan DiLuzio, C.P.A., shares his expertise in discussing this week’s case study about how to treat the capital gain on the sale of a home.
Business Interruption—Insurance Coverage for Lost Income During an Unexpected Closure
Brian Borngesser with Henssler Norton Insurance discusses business interruption coverage and how it can help prevent a devastating catastrophe from turning into a financial disaster for a business.
Spending Your Wealth or Leaving an Inheritance
Our experts discuss whether retirees should spend what they have saved or continue to save as much as they can for their children to inherit.
An “Exception” to Using “Retirement” Money for Education
Our experts also delve into a case study about an investor who can take advantage of a Roth IRA conversion to diversify the tax status of his retirement assets, but it would mean saving less to his children’s 529 Plans. Managing Associate K.C. Smith, CFP® discusses the pros and cons behind using Roth IRA funds as a dual retirement/college savings.
Cash Versus Credit for Millennials
While Millennials prefer cash over credit, our experts discuss why credit history is important and how to establish a good credit history.
Matching Investments to Your Liquidity Needs
Our experts discuss a case study about matching investments with known expenses 10 years prior to your need, and how to structure a fixed-income portfolio.
401(k) Plan Automatic Enrollment
Our experts discuss automatic enrollment in your employer’s 401(k) plan and why the default options may not be the best choice for your situation.
Medicaid Planning May Not Yield the Intended Benefit
Our experts discuss a case study that explores the strategy of gifting away assets to qualify for Medicaid in the future.