A parent can structure a gift of $1 million to a child today so that neither the child nor the parent will pay any tax. A common misconception is that a person is limited in the amount of gifts he or she can give to friends or family. The truth is that there are no limits.
Expectations can shift a market in the short term, but reality often will right the ship. The expectation heading into 2024 was that borrowing rates would decrease, but the reality is there hasn’t been much of a shift.
When weighing how best to incorporate charitable giving into your estate plan, it makes sense to lean on one specific type of asset to make your charitable gifts.
Retirement planning can be an overwhelming prospect, but it’s important – and with it comes a more secure future and peace of mind. Area financial experts have some suggestions to help you get started.
Saving up money for specific goals has been, for good reason and with good results, a healthy and beneficial habit to develop from childhood, from traditional piggy banks to allowances, from saving accounts to educational funds. Another valuable and rewarding tool might not spring to mind, but it pays rich rewards: a retirement fund, specifically a Roth IRA.
The year 2022 was challenging with the U.S. stock market posting a -19% return and the U.S. bond market not far behind at -13%. However, enough time has passed to where it is beneficial to conduct an after-action review. This isn’t an examination of what the ideal investment...
While some teens used the pandemic shutdown to play Minecraft or learn TikTok dances, Ashwin Joshi was reading “Rich Dad, Poor Dad,” a book published decades ago about increasing your financial IQ.
It was the start of the 17-year-old’s mission to empower youth and educate them about financial literacy...
