Tax Planning

Trump Account vs 529 Plan: What They Mean for the Kids and Grandkids You Love A new kind of account for children, the Trump account, has recently become available, alongside the 529 plan many families already use. If you have children or grandchildren, or you are planning for the next generation, it is worth a…

Retirement Tax Trap: Why Your $1M IRA Is Worth Just $700K If you have $1 million in your IRA, you don’t have $1 million. It might be worth $700,000 or even $600,000 on an after-tax basis. And if your spouse passes away first, the survivor might have even less than that. There are four taxes…