Financial Advice for Retirement, Social Security, IRAs and Estate Planning

Grandchildren & Beneficiaries

Found 97 Articles.
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the-best-strategies-for-financing-college

The Best Strategies for Financing College

July 1, 2001

Forget all you’ve learned about helping to pay for college. The rules for most people aren’t what you’ve heard. College is so expensive, especially at private schools, that most students get some form of financial aid. Some of the schools boast about the percentage of students who get aid. Even loans are financial aid, and […]

Six ways to help buy a home

Six Ways To Help Buy A Home

June 1, 2001

Buying that first home is one of the things that makes a person believe he or she is on the path to success and security. For today’s young people, buying that first home can be hard. In many areas, real estate prices continue to climb, and most young people graduate from college owing student loans. […]

dont-spread-affluenza-to-your-heirs

Don’t Spread Affluenza to Your Heirs

March 1, 2001

Many people who have accumulated some wealth are torn over the issue of how much to give or leave to their heirs. They prefer to leave a meaningful legacy and help their heirs be financially secure. But they also are afraid the wealth will hurt the recipients. The debilitating effects of wealth are real and […]

how-to-pay-for-a-grandchilds-education

How to Pay for a Grandchild’s Education

January 1, 2001

Perhaps the best use of any excess wealth you have is to pay for a grandchild’s education. There are many ways to do that, and I have covered them extensively in the past. In this visit I’d like to explore three of the better tax-advantaged strategies. You might be able to deduct at least a […]

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giving-to-grandkids

Best Ways to Help Grandchildren

December 1, 2000

One of the best tools you can use to help a child or grandchild is a Roth IRA. Created as retirement accounts, you can’t do better for estate planning and transferring wealth. You’ve probably heard the advantages of Roth IRAs. Earnings of the Roth IRA are not taxed, and neither you nor your beneficiary pays […]

how-to-teach-grandkids-wealth-management

How to Teach Grandkids Wealth Management

September 1, 2000

It is nice to give wealth to grandchildren. But an even better gift can be to teach them how to multiply and manage their wealth the rest of their lives. Youngsters today are more financially savvy than any prior generation. They own investments, have such high discretionary income that retailers pitch to youngsters, and even […]

new-ways-to-invest-for-grandchildren

New Ways to Invest for Grandchildren

August 1, 2000

The market sent a message to grandparents the last few years. To ensure the success of your plan to leave the grandchildren wealth, heed this message. A time-honored practice when setting up an account or trust for grandchildren is to buy shares in one or a few favored companies, then leave them alone. The grandchildren […]

estate planning

No-Tax, Low-Cost Way to Help a Grandchild

July 1, 2000

You don’t need to give away money or property to help the grandchildren. You can lend to the grandchildren and let them build something with the loan. Here’s one plan. Lend $50,000 to your grandchild for five years. The grandchild invests the money and earns 10% annually. At the end of five years, the grandchild […]

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