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Women and Estate Planning Basics
When it comes to estate planning, women have unique concerns. The fact is that women live an average of 4.8 years longer than men.* That’s important because it means that there’s a greater chance that you’ll need your assets to last for a longer period of time and a greater need to plan for incapacity.…
Read MoreSBA Accepting Annual Award Nominations
The Small Business Administration (SBA) is accepting nominations for its 2016 National Small Business Week Awards. Nominations can be submitted online or mailed directly to the relevant SBA district office. The deadline for submissions is 3 p.m. ET, January 11, 2016. Winners will be announced during National Small Business Week, May 1-7, 2016. Awards are…
Read MoreRules for Coverdell Education Savings Accounts
A Coverdell education savings account is a particular type of savings vehicle that allows you to invest for the education costs of a child or other beneficiary. Coverdell ESAs offer tax-deferred savings opportunities. You can contribute up to $2,000 per beneficiary, assuming you meet the income requirements. You can even make a contribution as late…
Read MoreTax Planning Tips: Life Insurance
Understanding the importance of life insurance is one thing. Understanding the tax rules is quite another. As insurance products have evolved and become more sophisticated, the line separating insurance vehicles from investment vehicles has grown blurry. To differentiate between the two, a mix of complex rules and exceptions now governs the taxation of insurance products.…
Read MoreSaving for College
There’s no denying the benefits of a college education: the ability to compete in today’s competitive job market, increased earning power, and expanded horizons. But these advantages come at a price–college is expensive. And yet, year after year, thousands of students graduate from college. So, how do they do it? Many families finance a college…
Read MoreHealth Insurance in Retirement
At any age, health care is a priority. When you retire, however, you will probably focus more on health care than ever before. Staying healthy is your goal, and this can mean more visits to the doctor for preventive tests and routine checkups. There’s also a chance that your health will decline as you grow…
Read MoreTeaching Your College-Age Child about Money
When your child first started school, you doled out the change for milk and a snack on a daily basis. But now that your kindergartner has grown up, it’s time for you to make sure that your child has enough financial knowledge to manage money at college. Lesson 1: Budgeting 101 Perhaps your child already…
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No Pain, No Gain: 2016 May Require Tolerance for Volatility