Wealth Management | Plancorp | Family Finances (3)

What Tax Reform Means for Parents

Since I moved to St. Louis, the question I’ve been asked most is “What high school did you go to?” The good news is that under the new tax reform, there are now some income tax strategies to utilize when paying for that private high school, or even kindergarten through eighth grade. 529 plans can Read more…

How to Read More Books Next Year (and My Favorites from 2017)

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Who Can Benefit from an ABLE Account?

All families face challenges when funding the various needs of their children. But many families face a completely different challenge—planning for a child with a disability. The importance of saving and planning increases tremendously when faced with such a challenge. Read more…

After a Daughter’s Death, Making a Plan for Unused College Savings

Plancorp’s Steven A. Frank was recently featured in a Wall Street Journal story discussing the complexities of 529 plans and how they can be utilized in special situations. For instance, after a long illness, a couple’s teenage daughter died after her senior year in high school. The couple needed Read more…

U.S. News: 4 Ways to Grow a College Savings Account Quickly

Among families that are actively saving for their children's college education, did you know that only 27% are using 529 plans and other similar accounts that can provide considerable tax advantages? Read more…

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