I was recently asked by a client with a young family if they should open a 529 college savings plan for their young daughter. The answer was, “Probably, but not exclusively.” Here is what I meant by that: A 529 plan is hands down a fantastic college savings tool. If...
Jack and Sally were referred to me after Jack received a sizeable inheritance from his father. Let me say up front that this post should not be taken as specific financial or investment advice, and you should consult your tax advisor before making decisions that will...
Chris and Amy have been funding an education account for their daughter for the past nine years. It is a regular investment account – not a 529 – holding mutual funds that now have substantial gains. His daughter is getting ready to go to college and Amy is returning...
Sometimes the biggest risk is not taking one. Try as we may, it’s almost impossible to protect our lives, careers, and financial planning from some degree of volatility. If you’re not willing to accept risk, then you might stick with a “safe”...
The Preparedness Project, an initiative founded by financial advisor Paul Peeler, has made it their mission to provide specialized financial planning support for Serious Mental Illness (SMI) caregivers and their families. As part of that mission, Peeler has produced a...
