For many couples, summer is the quintessential time to tie the knot. The weather is warm, the flowers are blooming, and nature offers plentiful backdrops for photos. But there’s more than the ceremony to consider when a couple merges their lives, including taxes and other financial issues. Though finances aren’t necessarily a romantic topic, some… Continue reading

“Many families are uninformed about the cost of attending college,” claims a recent study by the National Center for Education Statistics, part of the U.S. Department of Education’s research division. Only 11% of high school freshmen could accurately estimate the cost of college tuition in their state. Of those that gave the wrong answer, 57%… Continue reading

Health care costs have skyrocketed over the last few decades. Fortunately, health savings accounts (HSAs) allow qualifying individuals to pay for certain medical expenses with pretax dollars. Here is what you need to know to put an HSA to work for you. Healthy Growth Over the last decade, many people have jumped on the HSA… Continue reading

For married people with large estates, the Tax Cuts and Jobs Act (TCJA) brings welcome relief from federal estate and gift taxes, as well as the generation-skipping transfer (GST) tax. Here’s what you need to know and how to take advantage of the favorable changes. Estate and Gift Tax Basics The TCJA sets the unified… Continue reading

Change is part of life. The Tax Cuts and Jobs Act (TCJA) has brought sweeping changes to the federal income tax rules for individuals. But how will you and your family be affected? That depends on your specific circumstances. Major life changes—from marriage and birth to divorce and death—can provide opportunities and pitfalls under the… Continue reading