Saving for your child’s college tuition can be a difficult task, especially in today’s economy. According to a study by Sallie Mae, 60% American families save regularly for their child’s college tuition. A surprising 24% of parents who save, however, admit to using their retirement savings to cover tuition for their children…
Taxes
What is Private Placement Life Insurance?
Private placement life insurance describes a type of variable life insurance that is only offered privately and not through a public offering. It can be a great a defensive tax strategy that transforms ordinary taxable income as well as capital gains into tax free income without any income tax reporting requirements under, and it is all done legally…
Advantages Of A Living Trust vs. A Will
Over the past 15 years as a financial planner, I am often asked, “should I have a will or a trust?” I sure wished every prospective client would ask this question because this would reveal they were planning ahead. The sad fact remains that less than half of adults have a will, let alone a trust…
