Blog Posts Filed Under estate-planning
Estate Planning Mistakes That Cost DIY Investors $100K+
By Beth Stringer
Most DIY investors master wealth accumulation, but overlook estate planning, a mistake that can cost heirs $100K+ in unnecessary taxes. Discover the critical errors even sophisticated investors make with beneficiary designations, inherited IRAs, and the SECURE Act's 10-year rule. Learn how step-up in basis works, when Roth conversions save the most, and why your 401(k) beneficiaries might be outdated. This guide reveals investment-specific estate strategies that protect your legacy.
Q3: Back-to-School Financial Planning and College Funding
By Beth Stringer
This guide explores college funding strategies for high-income families who face the challenge of being ineligible for need-based financial aid while needing to fund $240,000 to $280,000+ per child in college costs. The article covers maximizing 529 plans, alternative strategies like Roth IRAs and taxable accounts, business owner approaches, navigating 2024-25 FAFSA changes, and integrating college planning with retirement and estate goals. It emphasizes coordinating multiple strategies and working with fee-only advisors for objective guidance.