529 plans

The new tax law is expected to drive more money into investment products and push stock and bond prices even higher, says CEO Laurence Fink.

The law allows clients the ability to make tax-free withdrawals for elementary and secondary school expenses.

When giving cash gifts to grandchildren this holiday season, clients have options that can also help minimize their estate taxes in the future.

The right strategy can help minimize their future estate taxes.

Advisors say it’s never too early to start saving for college.

While there’s no fail-safe method for modeling the costs, a popular calculation may significantly under- or overstate the burden of tuition, room and board, Kitces.com research associate Derek Tharp writes.

Clients should consider tax breaks such as education expenses, mortgage interest payment and small business costs.

Retirement location "matters just as much to your tax bill as what you have,” an expert says.

The proposal aims to simplify tax subsidies by increasing qualified withdrawals from 529s in exchange for scrapping the Coverdell account.

Experts say 18-to-36-year-olds should take advantage of workplace 401(k) and Roth IRA tax benefits now and shop around for the best savings rates later.

Clients could face a 100% penalty of taxes owed for filing late.

Making excess withdrawals could result in taxes on the earnings and a hefty 10% penalty.

Claiming the earned income tax and child tax credit may get tougher under Trump’s 2018 budget plan.

Harvesting losses to write off taxable gains is one strategy to address the Trump administration's plan to scrap the 3.8% net investment income surtax.

Each plan has pros and cons: Clients who own a Roth IRA for at least 5 years are entitled to penalty-free withdrawals for education expenses, but they'll owe income taxes on those earnings.

HNW investors and their planners shun the tax-advantaged savings accounts, according to a study.

How advisers focus too much on investments.

How advisers focus too much on investments.

Because federal rules now require parents to plan earlier for funding education, advisers can offer substantial value to clients through their financial aid expertise.

Understanding pro-rata rules can ensure that a client only pays their fair share to the government. Plus, these retirement preparations can boost returns and a look at when spending means better planning.