For those attending colleges and universities, a tuition bill awaited them. Those become significant expenses over the course of a college career, and often leave people wondering, “How am I going to pay for this?” Thankfully, there are a number of resources available to help students and their families pay for their college education. Each resource has its own benefits and disadvantages that should be considered, and most often a student will end up using a mix of several resources.
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.
While it’s reasonable to be wary of these incidents, there are still plenty of good reasons why you should consider owning and using a credit card. When used responsibly, credit cards can be instrumental to securing financial success.
We’ve all seen the television commercials: the young man sporting a goofy outfit, while singing a corny song about the importance of good credit. You probably don’t need a television ad to know how important a good credit score is to your future financial success — but what about your children or grandchildren? Do they understand the concept of credit? Do you know if they’re taking the necessary steps to establish a good credit history?
It's shaping up to be a big week in the regulatory world: key aspects of the Department of Labor (DOL)'s fiduciary rule take effect today, mere hours after the House cleared a bill that, if passed, would dismantle many of the Dodd-Frank reforms. Here's what you should know:
All eyes are on the Senate, as we wait for a final vote on the fate of the AHCA. If the bill moves forward, how will you and your family be affected? We've enlisted Wipfli CPAs and Consultants to help you answer that question:
The short answer to this question is “yes” — divorce usually has a substantial impact on most couples’ retirement plans. Additionally, the longer you’ve been married, and the closer you are to retiring, the more your plans could seriously veer off course. Read more to navigating the impact.
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.”
“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?
A common question from clients — or oftentimes from people at dinner parties — is, “Can I use my IRA money to buy real estate?” The easy answer is “yes” — the rules for IRAs allow for a myriad of investing opportunities beyond stocks and bonds and do include real estate. However, there are a number of traps for the uninformed, and several reasons why owning real estate within an IRA is not as advantageous as it may seem.