The New Dad's Guide to Money

Are you expecting a new addition to your family? If so, congratulations! If you’re reading this and simply thinking about having your first child, I give you extra congratulations for being ahead of the game. With a two-and-a-half-year-old daughter and another due in six weeks, I can assure you this advice comes from a mixture of professional background and personal experience.

Three Dos and Don’ts of 529 Plans

A 529 plan is an education savings plan designed to help families accumulate funds for their children’s future college costs. Named after a section of the Internal Revenue Code, the IRS defines 529 accounts as plans “operated by a state or educational institution, with tax advantages and potentially other incentives to make it easier to save for college and other post-secondary training for a designated beneficiary, such as a child or grandchild.”

We Taught Finance to 300 Middle Schoolers — Here’s What Happened

“Don’t grow up so fast.” If you had a nickel for every time you heard that expression throughout your childhood, you would have probably amassed quite the nest egg come adulthood. But as they say, hindsight is 20/20. Your life was probably much simpler back then; worries were small, mistakes less serious. If you knew then what you know now, would your path be different?

Are You Ready to Start a Family Office?

Depending on who you ask, the term, “family office”, can have a broad range of meanings, but the bottom line is this: many families with substantial wealth require a dedicated team of advisors to help manage their complex planning needs. And while family offices can be as unique and different as the families themselves, the concept of pooling resources and hiring a coordinated management team is one that makes sense for a variety of wealthy families.
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