Important Estate Planning For Children Post The SECURE Act (Jan 21, 2020)

The SECURE Act of 2019 imposes significant changes for inherited IRAs received from an account owner who dies post December 31, 2019.

The law previously allowed beneficiaries of inherited IRAs the ability to ‘stretch’ IRA distributions over their lifetime. This helped to reduce the tax burden of inherited IRA distributions by potentially extending distributions over many years, particularly for younger individuals.

The passing of the SECURE Act dramatically limits the ability to defer distributions from inherited IRAs received from a decedent who dies as of January 1, 2020 or later. The new law requires all inherited IRA assets to be distributed within 10 years of the IRA owner’s death, with a few exceptions, including for minor children.

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TEACHING CHARITABLE GIVING (Nov 26, 2019)

The holiday season and year’s end motivate many people to give charitably, whether by donating money to a specific cause, volunteering at a local food bank, or providing gifts to families in need, as examples. However, teaching your children the meaning behind giving, and instilling philanthropy as a family value can be done throughout the year. We offer suggestions on how to go about teaching charitable giving to your youngsters and teens.

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Back-To-School Kids’ Financial Literacy Checklist (Sep 17, 2019)

Teaching your kids about finances is an important parenting responsibility. A healthy approach to wealth increases the odds that your kids will enjoy greater life opportunities, more financial freedom, and less stress as adults. Our sister site, SageVest Kids, is dedicated to helping you teach your kids about money. If you don’t know when or how to begin, there’s no time like the present. Use our back-to-school kid’s financial literacy checklist to kick off their financial education with the start of the new school year.

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School Shopping And Kids’ Financial Education (Jul 18, 2019)

As the end of summer nears, it’s time to start thinking of heading back to school – and that means back-to-school shopping! School shopping provides an excellent opportunity to expand your kids’ financial education with real-world examples of careful budgeting, sensible spending, and much more. SageVest Kids shows parents how to use school shopping to help further your kids’ financial education.

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529 Plans And Other Savings Account Options For Your Child (May 29, 2019)

Alongside retirement planning, helping your kids in the future may be a central financial focus for your family. There are many savings options available to help you achieve this wealth goal, but which one’s right for you, your family, and your finances? SageVest Kids takes a look at 529 plans and other savings account options for your child, considering the advantages and disadvantages of college savings plans, Trusts, custodial accounts, and more, relative to your objectives and broader financial planning.

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Money & Millennials: Future Financial Changes You Should Plan For (May 9, 2019)

The Class of 2019 is the final graduating class of the best-educated generation in American history: Millennials. Whether you’re a recent graduate or now established in a career, we recommend that you maintain your focus on education – financial education, that is. Now’s the time to sit down and consider how to prepare financially for the opportunities, challenges, and changes that your lifetime may encompass. Following are a number of future financial changes you should plan for.

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Financial Helicopter Parenting – What Works (Apr 15, 2019)

When it comes to financial parenting, the jury’s still out on whether being a helicopter parent might prove beneficial or otherwise. Being too involved in your kids’ financial education can constrain your kids, making it impossible for them to learn how to make wise money decisions. Conversely, being too hands off might leave your kids without any financial framework in which to learn. SageVest Kids takes a look at financial helicopter parenting and advocates for a balanced approach towards your child’s financial learning as they grow.

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