As back-to-school thoughts loom large over the dog days of summer, many
of us are starting to think about education costs—from our 6-year-old’s
new tennis shoes to her eventual college classes. The Coverdell
Education Savings Account is one of the two well-known tax-advantaged
education savings accounts (the other is the 529 savings plan). One of
the main benefits of the Coverdell is beneficiaries...
A noteworthy month, April fills up fast with observances ranging from
National Fresh Celery Month and National Straw Hat Month to National
Humor Month (no kidding!). Despite the competition among deserving
topics, Financial Capability earned its own month of recognition in
Why is it so important to have a financial plan? For some goals, such as
retirement, we don’t get a second chance to prepare. Life is always
going to throw us curve balls, but if we have a plan, we can better
navigate through uncertainty and challenges. When thinking about
financial planning, we generally consider two life stages: the
accumulation phase and the distribution phase. Within those sta...