By now, most parents and grandparents who are saving and investing to pay for college costs have probably heard that so-called 529 college savings plans allow tax-free distributions for qualified education expenses, potentially making them even more attractive and effective than in the past, when they were only tax deferred.
What recent graduates (and their parents) need to think about
Spring is here, summer weather has begun in Austin, and graduation time has arrived. Across Central Texas, students are finishing their high school, college, and even graduate school lives, after years of hard work, stress, excitement, and even some boredom.
Most people think estate planning is only for the wealthiest of people. Certainly, the 55% of Americans who died without a will thought so, even though all of their estates ended up in probate court subject to the laws of the state. Sadly, the surviving families were thrust into a situation that resulted in unnecessary distress, expense and, for many of them, devastating financial c
Next to the IRS, the most formidable and intimidating institutions people will face are the insurance companies and the medical care complex. Both are at the root of increasing medical costs and both are intent on making sure their bottom lines are forever expanding. Never mind that high medical bills are the number one cause of bankruptcies in the U.S.