Current FAFSA Rules Under current rules, parent-owned 529 plans are listed on the FAFSA as a parent asset. Parent assets are counted at a rate of 5.64%, which means 5.64% of the value of the 529 account is deemed available to pay for college. Later, when distributions are made to pay college expenses, the funds […]
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Grandparent 529 Plans Get a
Rule of 70 & Rule of 72: What They Mean for Your Investments
Exponential growth is an important concept in investing. Compound interest, or the interest you earn on the interest your investments generate, adds up over time and represents a significant contribution to your retirement savings. However, calculating how quickly an investment will grow with compound interest can be complex. You can use the rule of 70 […]
2021 Q2 Client Letter
Summary of Market Performance Second Quarter Ended June 30, 2021 U.S. Equity Investment Environment Despite inflation concerns and uncertainty over the future course of the Fed’s stimulus efforts, stocks continued higher as the S&P 500 recorded five new monthly closing highs in a row. The S&P 500 rose 8.6% in the quarter, ticking its fifth […]
Should I have a Joint or Separate Trust If I’m Married?
If you and your spouse are considering setting up a trust to manage and protect your family’s assets for future generations, you should consult with an estate planning attorney to gain a full understanding of your options. One choice you will be faced with is to create individual trusts for each of you or a […]
2021 Q1 Client Letter
Summary of Market Performance First Quarter Ended March 31, 2021 U.S. Equity Investment Environment Supported by momentum in COVID-19 vaccinations, aggressive monetary and fiscal policies and expectations for a strong economic recovery, stocks moved higher in the first quarter. In a dramatic reversal of last year’s outperformance by mega-cap growth stocks, the first quarter’s leaders […]