Would you be interested in a way to save money for education and get tax benefits simultaneously? A 529 plan might be what you’re seeking. Find out more by reading the benefits of a 529 plan. What’s a 529 Plan and What Are the Benefits to Using One? … [Read more...] about What’s a 529 Plan and What Are the Benefits to Using One?
Estate planning can involve many layers of consideration. This is especially true if you have been particularly successful throughout your life. There is a federal estate tax in place that carries a maximum rate of 40%. The estate tax exclusion amount was set at $5 million in 2011 with ongoing adjustments for inflation. Because of these adjustments the exclusion in 2013 was $5.25 million. It should be noted that we also have an estate tax on the state level in the state of Connecticut, and the … [Read more...] about Consider a 529 Plan