Tag: Income Tax
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Here’s Why the Role of a Financial Advisor in Estate Planning Is Critical
Some people believe that estate planning is for the rich. Others are under the misconception that you do not need comprehensive estate planning if your estate is worth $11.7 million in 2021, which is the federal estate tax exemption limit for 2021. However, every adult, and every family, needs an estate plan. Attending this essential ... -
Education Planning Tips for Self-Employed Parents
Self-employment can be rewarding. You are your boss. You make your rules. You earn more, enjoy greater flexibility, and your work satisfaction level is high. And while all this can sometimes come at the cost of long hours, stress, and years of struggle, in most cases, the benefits of self-employment outweigh the cons. In the ... -
5 Common Ways Parents Save For Their Kids’ Education
Like most parents, you would want your child to get the best education possible. But at the same time, you also know how much of a burden the cost of education in America can be. According to a 2020 report published by EducationData.org, the average cost of college in the country is approximately $32,889 per ... -
Here’s All You Need to Know about Net Unrealized Appreciation
When you think of retirement planning, you have a gamut of options to choose from. There are many employer-sponsored retirement plans, like the 401(K) or individual retirement account (IRA) that come with a lot of benefits. The real inconvenience, however, is the fact that retirement benefits are not always exempted from taxes. Needless to say, ...