Tag Archives: child

What It Means to Be a Financial Caregiver for Your Parents

If you are the adult child of aging parents, you may find yourself in the position of someday having to assist them with handling their finances. Whether that time is in the near future or sometime further down the road, there are some steps you can take now to make the process a bit easier.

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Should I Loan My Child Money for a Down Payment on a House?

Keep in mind that lending money to family members can be a tricky proposition. Before entering into this type of financial arrangement, you should take the time to carefully weigh both the financial and emotional costs.

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Quiz: Which Birthdays Are Financial Milestones?

When it comes to your finances, some birthdays are more important than others. Take this quiz to see if you can identify the ages that might trigger financial changes.

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Four Kiddie Tax Ideas in Play: How Parents Can Avoid or Reduce Tax

Despite its name, the “kiddie tax” is not limited to toddlers or preschool children. In fact, it may continue to apply to 20-somethings. Saving grace: At least you may be able to minimize or even eliminate this additional tax.

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Tax Extenders Bill Signed Into Law

On December 18, President Obama signed H.R. 2029, the tax and spending bills. The tax portion includes a two-year delay on taxing high-cost “Cadillac” health plans, as well extensions to several renewable energy credits and a tax break for oil refiners, with tax extenders language making permanent or extending dozens of expired business and household tax breaks. Here is what you need to know.

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Protecting Our Children

Just recently, I was asked if it is possible to name children, who are minors, as beneficiaries when they buy life insurance. So many people do and never give the matter a thought. Sounds like it is the right thing to do. Right?

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6 Life Insurance Beneficiary Mistakes to Avoid

Life insurance has long been recognized as a useful way to provide for your heirs and loved ones when you die. Naming your policy’s beneficiaries should be a relatively simple task. However, there are a number of situations that can easily lead to unintended and adverse consequences. Here are six life insurance beneficiary traps you may want to avoid.

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Is it time to open an IRA for your child?

Part 1 of Jim Sacher’s 12 Great Ideas for Tax Savings series The New Year is often the time of year for taking another look at the financial opportunities that will improve your long-term savings while minimizing your 2015 tax exposure. You may be reviewing your IRAs and 401(k) plans, but have you ever considered […]

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