Paying for their children’s future college plans is a challenge most Americans face no matter what their current financial picture looks like. With the rising costs of attending college and a great deal of uncertainty around exactly how to plan, many parents find themselves unsure even where to begin. To help you get started, here is a short guide to common college savings tools.
529 Savings Plans
On August 8, 2020, President Trump signed an executive order extending certain aspects of COVID-19 relief in the absence of a new bill from Congress. The executive order includes several measures to protect individuals as provisions of the CARES Act expire or have expired.
Here’s what was in the order:
A financial planner or advisor is one of the best investments many people can make to help them reach financial and personal goals throughout their life. But when you engage a financial professional, how should you work with them in a practical manner? Should you check in with your financial advisor often or occasionally? And what can help you find the right balance? Discover a few answers.
Do You Have a Standard Meeting Schedule?
The client needs of each financial advisor are unique, so you have no one-size-fits-all answer to how often you should meet. Certainly, you should meet in person with your advisor at least once per year. A lot of things can happen in a year, and so you should reevaluate what’s happened in your life and talk about what you expect to change in the next year or so.
Since March, most of the world, including the construction industry, has been in some form shut down following the COVID-19 pandemic. Depending on your state, you may have been forced into full shut-down, partial shut-down, or been able to continue operating with additional health and safety considerations.
As the COVID-19 pandemic takes a hit on industries across the globe, the legal sector has faced its fair share of unique challenges and circumstances. Work-from-home arrangements, virtual courtrooms, lower client caseloads, and the financial uncertainty that comes with all of it have all played a role. As funding is questioned on the client and firm side, the industry has turned to litigation finance funds, which is on the rise as a direct result of COVID-19. This rise may be fueled by companies who are trying to avoid paying high legal fees in times of uncertainty, and law firms that are considering their liquidity during times of recession.
Forming a corporation is an excellent way for any entrepreneur to protect themselves from financial risk and liability while pursuing their dream of business ownership. But if you choose an S Corporation, your work will be a little different from income taxes. What can you expect from your S Corp income tax preparation, and how can you get the best results? Learn a few answers.
A financial planner advises individuals and businesses on the best ways to invest and manage finances. If you choose the wrong financial planner, you risk your financial future. Therefore, you should apply the right criteria to identify a reliable financial advisor. This article highlights tips to help you choose a reputable financial planner.
Managing payroll during the uncertain times caused by Covid–19 is a challenge even for established and experienced businesses. As employers shift to using more remote workers, how can you help keep payroll functioning, ensure happy remote employees, and stay within your legal obligations as an employer? Here are a few key steps to take.