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Topic:
Family Planning
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Net, Net, Net: Expenses, Taxes and Inflation Can Eat Your Nest Egg – What To Do?
The following is an excerpt from Hello Harold, a book by Harold Evensky – click here for a free hard copy! — As dangerous as it is to simply extrapolate past returns into future expectations, an even bigger mistake is planning a financial future based on nominal gross returns, forgetting about how large bite expenses, taxes,…
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The Financial Implications of Fluffy: Costs to Consider Before Becoming A Pet Owner
Animals are just plain cute and can bring so much joy to your life, but like children, they are not cheap especially if you choose to care for your pet properly. Whether you choose to adopt or buy a pet from a store or breeder, there are several costs to consider over the life of…
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Thoughts Before Funding a 529 College Savings Plan
Watching your college savings grow tax-free with a 529 college savings plan feels great, but failing to follow the rules could come with penalties and taxes that you’ll regret. To avoid that, take a moment to learn the basics. College costs have outpaced inflation. Looking back at the last decade, the 10-year historical rate of…
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Mo’ Money Mo’ Problems
These problems are of the first world variety so we can start off by being grateful for them. Now onto the “problem”. You are generous and want to give a trusted friend or family member some cash. Handing money over to a trusted friend or family member can (unfortunately) be more complicated than you want…
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Tax Efficient Ways to Gift
Although some of these strategies may be changed or repealed if the proposed tax law changes that impact estate and gift taxes are passed, there are several ways you can gift to ultimately lower the value of your estate or tax liability for the year. Make gifts outright to anybody The annual gift-tax exclusion is…
