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New research says some young people shouldn’t save for retirement. Find out what Joe and Big Al think about that. Plus, is it tax fraud if you re-file your taxes to take advantage of new student loan forgiveness? Should you invest in CDs instead of bonds, since both stocks and bonds are getting crushed right now? How can you consolidate your stock portfolio to minimize capital gains tax? Also, charitably inclined YMYW listeners want to know how to use donor-advised funds when spitballing tax planning around an IPO, and whether to do more Roth conversions or more qualified charitable distributions.
Newly updated for 2022: Your child getting into college is a very exciting time, but finding out the cost and figuring out how you can afford it can be quite overwhelming. Get schooled on the ABC’s of college funding as we answer some of the important questions about how to fund your kid’s college expenses […]
How to Save for Education: 529 Plan, Coverdell, Prepaid Tuition & More | College Planning Strategies
Should you use a 529 plan, Coverdell, prepaid tuition, or a brokerage account to pay for college? Learn the various ways to save for education for your kids and grandkids, the pros and cons of each, and strategies to make the most of your college savings. Transcript: Andi: Thank you all for joining us on […]
If you want to help your child pay for college, or even cover their whole education expense, diverting money earmarked for retirement savings or taking withdrawals from your employer-sponsored retirement plan is one of the fastest ways to derail your retirement. Bryan Ross, CFP®, AIF®, financial planner at Pure Financial Advisors, covers the basics on […]
Has the thought of how to pay for college expenses kept you up at night? It shouldn’t! Sometimes all you need is a plan and knowing what are the best options that relate to your situation. Johnson Andrews, CFP®, financial planner at Pure Financial Advisors, covers three popular college saving plans and their pros and […]
Does it make sense to do larger “Calvin Johnson” (Megatron, aka mega backdoor) Roth conversions when the financial markets are way down? Should you convert to Roth now, or in retirement? How do you spitball the right amount to have in 529 plans for education savings? And are the rules for doing a backdoor Roth the same if you’re married filing separately?
Helping your adult children afford a college education is likely one of the biggest investments you’ll undertake. Too often families fail to put together a financial plan for college, so they are tempted to dip into their retirement funds and jeopardize their own financial security. The result: parents are taking on more debt than ever […]