WrapManager's Wealth Management Blog
When life changes, we can help you thoughtfully respond.

Plan Now for Education Later: 529 College Savings Plans

Posted by Michael J. O'Connor | CWS®, Vice President Investments

June 29, 2017

With the cost of education continuing to rise, and the requirements for minimum workforce entry showing no likelihood of decreasing the importance of a post-secondary education, it’s more important than ever that college costs are considered and incorporated into your budget as early as possible. For all the readers who have children, grandchildren, nieces and nephews who are a constant source of excitement and joy, making sure these children get a world-class education is of paramount importance.

But paying for college is a completely different ballgame.

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529 Plans Tax Planning college savings

Is it Better to Fund College Expenses from a Taxable Joint Account or an IRA? -  Doug's Quiz Corner

May 16, 2017
Quizmaster Doug Hutchinson presents his monthly wealth management test. This month he quizzes your knowledge on whether it’s better to pay ... [+] Read More

Tax Efficient Giving with Appreciated Stock Donations -  Doug's Quiz Corner

April 18, 2017
Quizmaster, Doug Hutchinson, presents his quiz for the month.  Here, Doug explores donating appreciated stock versus selling the stock and ... [+] Read More

Do You Have to Pay Capital Gains Tax on Mutual Funds? - Doug's Quiz Corner

March 10, 2017
Quizmaster, Doug Hutchinson, presents his quiz for the month. Here, Doug explores how to manage capital gains tax on mutual funds.  ... [+] Read More

7 Tips for Strategic Tax Planning and Filing

February 23, 2017
Editor's Note: This article was originally published in March 2015 and has been updated to include new tips for tax filing year 2016.  “In ... [+] Read More

3 Tips for Reducing Your Taxable Income in 2016

October 26, 2016
With the end of the year fast approaching and holiday season just a few weeks away, time is running out for investors to “make moves” that ... [+] Read More

3 Things to Know About the Generation Skipping Transfer Tax - GSTT

September 21, 2016
For readers unfamiliar with the generation skipping transfer tax (GSTT), in its simplest form it is what it sounds like – a transfer tax ... [+] Read More

Tax Aversion – Doug’s Quiz Corner

March 9, 2016
Quizmaster, Doug Hutchinson, has come up with another great quiz for us regarding how tax aversion can sometimes lead investors to make ... [+] Read More

Lower Your Taxes in 2016: Take Advantage of Tax Deductions and Credits

January 13, 2016
A new year is a fresh slate in many ways, including the way you manage your taxes. There are numerous tax deductions and tax credits ... [+] Read More

7 Tips to Reduce Taxable Income Through Charitable Giving

December 16, 2015
Charitable giving reached an all-time high in 2014,1 with Americans giving $358.38 billion to charities, according to National ... [+] Read More