Ask the Experts: How does an UGMA/UTMA custodial account compare to a 529 plan when saving for college?

Both an UGMA/UTMA custodial account and a 529 plan can be used to save for college. But after comparing a few key …

Ask the Experts: How does an UGMA/UTMA custodial account work?

An UGMA/UTMA custodial account is a special type of account that allows a minor child to legally hold money or other property, such as stock or real estate, that the …

Is an Ethical Will Right for You?

Documents known as last will and testaments have been around for centuries. The purpose of a last will and testament is to set out what you want to have happen to your possessions …

Year-End Tax Planning—New Challenges and Opportunities

Several pieces of legislation have modestly reshaped the 2006 tax landscape. New tax credits, AMT exemption amounts, and “kiddie tax” rules are among the provisions that present both a challenge and an opportunity for …

The Pension Protection Act of 2006

Rollovers by nonspouse beneficiaries

Currently, nonspouse beneficiaries who inherit a participant’s 401(k), 403(b), or 457 plan account can’t roll those funds over to an IRA–rollovers are available only to spouses. And while the law …