When most people think of retirement planning, they only consider building up a “nest egg” that will be big enough to last a lifetime. That is certainly part of it, but one of the most important aspects of preparing for retirement is the qualitative soft side of the plan.
While we can’t predict what happens next or what future headlines will read, we know that this conflict might raise some questions about your portfolio.
Markets have experienced volatility in recent weeks, but price movements don’t mean that it’s time to abandon ship. Prices move as investors incorporate information, good or bad, and reflect their expectations about the future in their trades.
The changes in the 2017 Tax Cuts and Jobs Act (TCJA) included nearly doubling the standard deduction and placing limitations on or suspending certain itemized deductions, effective for tax years 2018 through 2025.
When the time comes, your child may qualify for a scholarship or grant, but you can’t depend on that when working out a college savings plan.