Posts by Dana Sippel, CFP®, CPA/PFS

Post Archive

How To Use 529 Plans To Leverage A Wealth Transfer

The 2017 Tax Act improved 529 plans, adding provisions that allow plan balances to be used to pay K-12 tuition.  Prior to 2018, 529 funds could only be used to post-secondary educational expenses.  Here are some new wealth transfer strategies that 529 plans can now fulfill. Intro to 529 plans First, a couple of basics…

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Supercharge Gifts To Kids With Roth IRAs

Teaching Kids About Money and Financial Education

As the summer winds down, kids are returning to school, pockets overflowing with cash earned from summer jobs/internships.  Is there an opportunity for these summer jobs to begin securing your child’s or grandchildren financial future?  You bet there is, and it has arrived gift wrapped within the tax code in the form of a Roth…

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Biggest Mistakes When Buying a Vacation Home

It’s your favorite time of year to travel to fun, fantastic retreats with family and friends.  You have the best times and create wonderful memories at____________(you fill in the blank) seaside, lakefront or ski resort.  You’re certain that these beautiful times can be repeated regularly and forever if you spend more time at that cherished…

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