A new tax-advantaged investment account officially launched on July 4th: the 530A account, also known as a Trump Account, which is designed to help children get a head start on their financial future.
Homeownership can still be an attainable goal, but it may take more planning, flexibility, and creativity than it did in the past.
Unlike retirement accounts, there are no federal contribution limits for variable annuities, and the investment gains won’t be taxed until they are withdrawn.
It’s important for heirs to consider how a windfall might be used to strengthen their finances now and over the long term.
Use this calculator to estimate the cost of your child’s education, based on the variables you input.