Archive - 2020

1
Time-Honored Investing Advice Applies During a Pandemic
2
Non-Parent Owned 529 Plans
3
Supporting Fathers During a Pandemic
4
The Pandemic Has Changed the Rules for Retirement
5
A Little Relaxation and Vacation Can Get You Back on Track

Time-Honored Investing Advice Applies During a Pandemic

In calmer, more predictable times some people find it difficult not to panic based on headlines. During a pandemic, the temptation to panic and make impulsive money moves may be even greater. Kiplinger.com offers advice to nervous investors in “How to Save Yourself from…Yourself.”  The article says “It is only a loss if you sell […]

©Bring Clarity to Your Finances™. Time-Honored Investing Advice Applies During a Pandemic is a post from Bring Clarity to Your Finances™

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Non-Parent Owned 529 Plans

Grandparents often find themselves looking for a way to help their children or grandchildren with education expenses. There are a few strategies grandparents may consider depending on their preferences. The following are a few strategies grandparents may consider to help with higher education expenses. Grandparent-owned 529 plan. In this strategy the grandparent owns the 529 plan in their name and makes contributions to the plan. The benefit of this is that the grandparent can reduce their estate, take a potential state tax deduction (if their state allows), control the investments, take tax-free qualified distributions, and name/change the beneficiary. Furthermore, when the beneficiary files for financial aid (FAFSA), grandparent-owned 529 plans are not included in the assets of the parent or beneficiary in determining financial need. However, there’s potential downside to this strategy when the beneficiary files the FAFSA form to determine eligibility for financial aid. FAFSA considers parent-owned 529 plans […]

The post Non-Parent Owned 529 Plans appeared first on Getting Your Financial Ducks In A Row.

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Supporting Fathers During a Pandemic

We recently overheard a radio offering a promotion that allowed the winning caller a chance to treat their father to dinner on Father’s Day (this coming Sunday). One lucky family will be able to get a meal at no cost and the restaurant offering this meal got airtime and publicity. So, while the pandemic had […]

©Bring Clarity to Your Finances™. Supporting Fathers During a Pandemic is a post from Bring Clarity to Your Finances™

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The Pandemic Has Changed the Rules for Retirement

Washington Post columnist Michelle Singletary offered new rules for retirement savings in “Forget what you’ve heard. Here are the new rules for post-pandemic retirement,” and  we are going to discuss two of them that relate to retirement planning. “Old rule: Make retirement savings your No. 1 priority. New rule: Make paying off debt, especially high-interest debt, a […]

©Bring Clarity to Your Finances™. The Pandemic Has Changed the Rules for Retirement is a post from Bring Clarity to Your Finances™

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A Little Relaxation and Vacation Can Get You Back on Track

For many, 2020 has been hugely stressful, and the benefits of taking time off are often underestimated. When life gives us unexpected turns, one of the best things we can do is use the opportunity to take a step back and relax. Taking time off from our place of employment gives us the means to […]

The post A Little Relaxation and Vacation Can Get You Back on Track appeared first on Bienvenue Wealth LLC.

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