​Roth Conversions are the topic du jour as we approach year end tax planning.  This article looks at the benefits and costs of a conversion, including identifying the optimal windows and why they can be great tax management tools for both early and late career savers.  

529 plans can be a huge “utility” tool in a portfolio. In addition to funding education, 529 plans can be a tax savings tool and gifting /estate planning tool.

​Many of our clients have college age/young adult children over 18.  Even though that might not be the milestone they are most excited about (like the one that comes 3 years later!), it is a major milestone in the eyes of the law.  At that point our government considers them adults.  They can now:

+Vote
+Get married
+Join the Military (men have to register for selective service)
+Manage their own money
+Serve on a jury
+Sign a contract


On the other hand, parents are no longer able to:

-Access their medical information
-Make health care decisions
-Access their financial accounts (unless you have joint ownership)
-Access their school records (even though you may be paying)