How to Avoid Tax Penalties on Your 529 Refund

Did you or your child receive a refund from college?  If so, that refund could be subject to taxation and a 10% penalty. https://www.youtube.com/watch?v=oJrH4WaZOvo The IRS could consider this refund as no longer being used for Qualifying Education Expenses.  This refund would then be recharacterized as a taxable distribution. In…

Do millennials need a prenup?

Before tying the knot, it’s important to talk about money and goals with your significant other -- it’s something we’ve discussed before on Ramparts. Getting each person on the same page is essential for a harmonious financial future together. Increasingly, part of that discussion for millennials includes prenuptial agreements (prenup).…

A primer on spousal IRAs

Whether you’re a stay-at-home parent or taking some time off work, saving for retirement shouldn’t go by the wayside. In many cases, individuals aren’t aware they’re able to save for retirement when they don’t have earned income. Contributing to an IRA or Roth IRA is a viable option, and a…

 Estate Planning Myths and Tips

Register for Estate Planning Myths and Tips on Jul 21, 2020, 12:30