How to Handle ‘Leftover’ 529 Balances

How To Handle 'Leftover' 529 Balances

By Ryan Rink CFP®, ChFC®, CLTC®   How to Handle ‘Leftover’ 529 Balances 529 plans are one of the best savings vehicles for college.  However, deciding on the right amount to save to a 529 plan can be challenging.  The actual cost of college can depend on a variety of factors, such as if the child…

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Make Timely Tax Payments to Avoid Penalties

BLOG Tax Payment Planning To Avoid Penalties 3.17.2020

Tax Payment Planning – Making Timely Payments Will Avoid Penalties As we move into the peak of the 2019 tax filing season, it’s important to consider what your plan will be for ensuring you pay enough tax in 2020 to avoid an underpayment penalty. Planning your tax payments is especially important if you have an…

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Market Update + Interest Rates + Mortgage Rates + Corona Virus

BLOG Market Update Corona Virus 3.09.2020

The stock market is down more than 5% this morning and more than 15% in the last 30 days. Let’s review a few important items. Market Update: From our experience, fast and significant declines in the stock market usually don’t last long and have historically been an opportunity for investment.  Long, slow, protracted declines in…

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Have US Stocks Risen Too Far and Too Fast?

BLOG Have US Stocks Risen Too Far And Too Fast 2.21.2020

Large-cap US stocks were up more than 13.5% for the most recent decade, 2010 – 2019.  This is above historical averages – so should we be concerned the market has advanced too far and too fast?  Let’s dig a little deeper for a more complete perspective. The first thing to note is that the last…

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SECURE Act Tax Law

BLOG New Tax Law 1.20.2020

Excerpt from David Hulstrom, CFP®, CFA®, author:   Congress gave us a year-end bill (here) that has financial planning implications. There are a lot of provisions that could affect the financial planning of our clients. Below are the five things that many people need to know. There are lots of exceptions and provisions to many of these rules but I…

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