A professional organizer named Sue DeRoos once said, “Everyone gets organized at some point. They just might not be around for it.” And so it goes with trying to plan your estate. Even now when you think of planning an “estate”, your visual may include the grandeur of a hilltop mansion with an expansive yard, spiral staircases marking the front door, and foreign-made luxury cars parked in the circular driveway. In reality, estate planning is much more pedestrian than that. Estate planning is, quite simply, the process of determining how your assets will be transferred to those duly entitled to …Read More
A lot of grandpas and grandmas—and a few parents, too—have been buying Series EE government bonds over the years to send kids to college. It’s a pretty good deal; you plunk down $50 today and in 20 years it’s worth $100—guaranteed.
The problem is that too many bond holders want to redeem those bonds when the kids start college at age 18.
The bonds are guaranteed to double at 20 years, but if you want to cash them in before then you will only get the value of the bond at that time. For instance, if the bonds are earning …Read More