Posts by Cindy Becker, CPA, MST
College is Underway, But It’s Not Too Late: Why Your 18-Year-Old Needs a Power of Attorney
The boxes are unpacked, the dorm room is set up, and the fall semester is officially in full swing. As a parent, you might finally be breathing a sigh of relief. But before you completely check “college prep” off your list, there is a critical legal reality you need to address: If your child is…
Read More529 Plans vs. Trump Accounts: Choosing the Right Savings Tool for Children
Updated Oct 1. with the latest updates to Trump Accounts Families now have more than one tax-favored way to save for a child’s future. For many years, Section 529 qualified tuition plans have been the primary tax-advantaged vehicle for education savings. Beginning under the 2025 legislation, Congress also created Section 530A “Trump accounts,” a new IRA-like savings account for eligible children. Updated October…
Read MoreYear-End 2025 Tax Planning: A Practical Guide for Individuals
If you only do deep tax housekeeping once a year, make it now. With new 2025 rules, several “sunsets” that were expected for 2026 were reshaped by the One Big Beautiful Bill Act (OBBBA), and inflation-indexed thresholds, smart moves before December 31 can meaningfully lower what you owe next spring and set you up for…
Read MoreInvesting in Your Child’s Future: The Power of Starting a Retirement Account Early
Investing in a retirement account for your child might sound crazy, but it’s a powerful way to invest in your child’s future while building generational wealth. Children of any age can contribute to an Individual Retirement Account (IRA) provided they have earned income. This approach is particularly common among business owners who employ their children,…
Read More