I’m sure you have heard some rumblings from family, friends or the news about the new “Trump” accounts for children. The technical term for these accounts is a 530A account as this is the specific section of the Internal Revenue Code that these accounts are written into the tax law as. These accounts are now live and available for parents to decide if they would like to open one up on behalf of their children. Before getting into this topic, I do have to emphasize that this

Do you pay for child care or other qualifying dependent care so that you (and your spouse, if married) can work or look for work? If so, then a flexible spending account for dependent care could be a great option for your family to use pre-tax dollars to pay for your child care expenses. Many employers will offer a flexible spending account benefit to employees as a way to deduct pre-tax dollars directly from your pay check that can be used for qualifying dependent care costs

If you are a parent, saving for college is likely a hot topic amongst your family and friends. With the cost of higher education rising each year, many parents feel overwhelmed about the idea of having enough savings for their children to attend the university or trade school program of their choice. Let’s face it, this can be a really scary topic and cause anxiety for so many of us as we juggle full time jobs, raising our kids and covering the ever rising costs of our everyd