by Heid Huiskamp Collins | Aug 25, 2024 | Education Planning, Financial Planning
I’ve been helping families save for college with 529 Plans for about 20 years. A tax-free way to accumulate money for higher education? Sounds like a “no-brainer” to me. People have a multitude of questions, though, and everyone is afraid of having money left over...
by Heid Huiskamp Collins | Aug 25, 2024 | Education Planning, Financial Planning
According to www.collegetuitioncompare.com, average tuition for the 2023-2024 school year at public 4-year institutions was $11,823.00 for in-state residents and $21,802.00 for students who hail from out-of-state. Private 4-year schools come in at $28,417.00 for...
by Heid Huiskamp Collins | Aug 25, 2024 | Financial Planning, Legacy Planning
According to the latest information from Gallup.com, a full 54% of Americans die every year without estate planning documents (a will or a trust) meant to speak to how their property will be divided up amongst their loved ones. That’s incredible! Whatever the reason,...
by Heid Huiskamp Collins | May 18, 2024 | Financial Planning, Legacy Planning
According to a December 2023 article in the New York Times, there is over $35 trillion in retirement accounts in the U.S. and about $16 trillion of that will be transferred in the next decade. There’s no doubt about it: the “Great Wealth Transfer” is upon us and it...
by Heid Huiskamp Collins | Mar 5, 2024 | Financial Planning
Formally known as the Retirement Savings Contribution Credit, the “saver’s credit” is a dollar-for-dollar reduction in the amount of taxes a moderate or lower income consumer may owe just by saving funds for retirement. Financial types like to talk about tax...
by Heid Huiskamp Collins | Mar 5, 2024 | Financial Planning
Identity theft is splashed all over the news and is on most peoples’ minds. Consumers are afraid to click links in emails, use their credit cards for online purchases and even answer their phones. What is a cautious citizen to do? Today, we’ll dive into two...
