November 2011 Newsletter

Planning Your Financial Future     November 2011

It’s getting dark earlier and earlier as we approach winter.  Be careful while driving on Monday, the 31st.  Children will be out trick or treating during the rush

Five Year-End Tax Planning Considerations
Here are five things to keep in mind as you consider 2011 year-end tax planning moves.

 

Long-Term Care Planning Is Important for Women
The prospect of needing long-term care is an important, yet sometimes overlooked, part of financial and retirement planning. Yet it may be especially vital for women to consider as they often face long-term care as both a caregiver and recipient.

Can You Get to a Million Dollars?
Often in life, you have investment goals that you hope to reach. Say, for example, you have determined that you would like to have $1 million in your investment portfolio by the time you retire. But will you be able to get to a million dollars?

Does the federal financial aid formula count all parental assets?
The federal methodology for financial aid examines your family’s income, assets, and household information to calculate your expected family contribution, or EFC. The federal methodology counts some parental assets and excludes others in arriving at your EFC. The more countable assets your family has, the higher your EFC.

How are 529 plans treated for federal financial aid purposes?
There are three instances where 529 plans–which include both college savings plans and prepaid tuition plans–need to be listed as an asset on the federal government’s financial aid application. Colleges, however, generally apply a more logical rule when deciding whether to count 529 plans for purposes of distributing their own institutional aid.

Refer a friend

This entry was posted on Wednesday, November 16th, 2011 at 7:07 am. Both comments and pings are currently closed.

Comments are closed.