Independent Financial Planning Blog
Did you know that a child turning 6 is one-third of the way to college? And a child entering 4th grade is halfway towards leaving home. Many people are worried about the big bill awaiting their children when they finish high school. When thinking about savings for college, most people have four main questions. What are they? And how can you save for college?
So your company offers an ESOP huh? Well, that’s nice, but what even is an ESOP? And what does it mean for your financial plan? We’ll get into more detail later, but for now, I like to think of ESOPs like coffee sweetener to a good cup of retirement plan coffee. While it’s not needed for your retirement plan, it can add a wonderful sugary boost. But you don’t want too much sugar in your coffee, or you’ll get sick. So first, let’s talk about the basics.
The new tax bill has 5 key changes that taxpayers can expect as a result of this new bill, including:
Changes to the personal tax code
Impacts on business owners and the introduction of the pass-through deduction
The ability to utilize a 529 Plan to pay for private elementary and secondary education
The doubling of the estate tax exemption
Read on to learn more.
You’ve probably heard the expression, “do not put all your eggs in one basket” and that is the heart of diversification – using multiple means to achieve your goals. In the world of investments, diversification is using multiple investments with different characteristics to achieve long-term positive results.
Independent Financial Planning, LLC is a Virginia registered investment advisor.
