Consider helping your recent graduate with the gift of a Roth IRA. The power of compounding in a tax-free environment makes the Roth IRA an incredible opportunity for your recently-graduated child. With proper planning, your child can ace retirement.
As many parents in Tennessee start ramping up their retirement planning efforts, their kids are also reaching an important next step in life: heading off to college. These tips will help you balance the cost of your own financial goals with the education pursuits of your children.
Every year, the cost of attaining a higher education gets higher, creating a need to seek additional financial resources. Student loans can quickly accumulate into serious debt, so it’s important to understand your options when choosing between a federal and a private student loan.
As the cost of a college education continues to increase, grandparents on solid financial footing may be considering assisting their grandchildren with such costs. There are some effective tax and non-tax strategies that can minimize this burden.
It has been eighteen long, mostly wonderful (?) years, but it is now time to send them off to college! Don’t overlook a critical aspect of your child leaving for college. It is important to be cognizant of the privacy laws that relates to your now-adult child's medical records.