Here’s What We Think

Luke breaks down what RMDs are, how they work, and what they mean for retirement planning.

Think of tax deferrals like hitting the snooze button on a tax bill. For years - often decades - many contributions may be made pre-tax, and investment growth can remain tax-deferred while the money stays in the account. But the snooze button doesn't work forever.

Should your kids know how much money you have? It can be a difficult question. Mason shares why it’s less about knowing every detail and more about making sure your family understands your wishes and the plan you have in place.

Families will talk about almost everything. Careers, health, vacations, weddings, all of it! Money, however, can be a little different. Many parents have spent decades building their wealth but have never had a serious conversation with their children about it. There is often worry that sharing too much will change their children's behavior, create expectations around an inheritance, or just flat out make everyone uncomfortable.

Trump Accounts are here, but are they a smart choice for your child? Jandin breaks down what you need to know, from contribution rules and tax treatment, to how these accounts compare with other savings options.

Although we are still waiting for additional guidance from the Treasury Department and the Department of Education, we now know enough about Trump Accounts to determine where they fit in a family's financial plan. In my opinion, they are an excellent addition to the investment options available for children—but they aren't a replacement for every other savings account.