ABLE Accounts for Loved Ones with Disabilities

More families should know about these tax-advantaged savings vehicles. Families with special needs children have a new tax-deferred savings option. The ABLE account, also called a 529A savings account, is patterned after the popular 529 savings plan, created to help parents save for a child’s higher education. Like 529 plans, ABLE accounts are run by […]

Read More… from ABLE Accounts for Loved Ones with Disabilities

Money Tips for Newlyweds

Ideas to Help Manage Stress. In a recent study, 35% of married couples described money issues as their primary source of stress. While there are many potential causes of such financial stress, in some cases the root may begin with habits formed early in the marriage.1 Fortunately, couples may be able to head off many […]

Read More… from Money Tips for Newlyweds

Yes, Young Growing Families Can Save & Invest

It may seem like a tall order, but it can be accomplished. Put yourself steps ahead of your peers. If you have a young, growing family, no doubt your to-do list is pretty long on any given day. Beyond today, you are probably working on another kind of to-do list for the long term. Where […]

Read More… from Yes, Young Growing Families Can Save & Invest

The Cost of Procrastination

Don’t let procrastination keep you from pursuing your financial goals. Some of us share a common experience. You’re driving along when a police cruiser pulls up behind you with its lights flashing. You pull over, the officer gets out, and your heart drops. “Are you aware the registration on your car has expired?” You’d been […]

Read More… from The Cost of Procrastination

Wealth Management with Memory Disorders

What steps can a family take? Besides impacting lives and relationships, dementia can also impact family finances. It may call for another family member to assume money management responsibilities for a parent, grandparent, or sibling. It may increase the risk of financial exploitation, even as we do our best to guard against it. Just how […]

Read More… from Wealth Management with Memory Disorders

Beware of Lifestyle Creep

Sometimes more money can mean more problems. “Lifestyle creep” is an unusual phrase describing an all-too-common problem: the more money people earn, the more money they tend to spend. Frequently, the newly affluent are the most susceptible. As people establish themselves as doctors and lawyers, executives, and successful entrepreneurs, they see living well as a […]

Read More… from Beware of Lifestyle Creep

TAG Financial Solutions © 2023