More Articles for Your Family

What to know about reimbursements from 529 plans

Kimberly Lankford, Contributing Editor, and <i>Kiplinger's Personal Finance</i> •
Kiplinger
Student studying on tablet pc

[Question]My son will be starting college in Maine this fall, and we’ll withdraw money from his 529 plan for the first time. Do we need to provide the college-saving plan with evidence of eligible expenses before we can access the money? Also, is there anything special we need to do at tax time? [Answer] You

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Paying for off-campus housing with a 529 Plan

Kimberly Lankford, Contributing Editor, and <i>Kiplinger's Personal Finance</i> •
Kiplinger

[QUESTION] My son will be a sophomore in college in the fall and is living off-campus. He has a 12-month lease, but he doesn’t attend classes in the summer. Can I use his 529 money tax-free for the full year’s rent, or do I need to prorate the withdrawal based on the number of months

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How to treat your heirs fairly

Sally Abrahms, Contributing Writer, and Kiplinger's Retirement Report •
Kiplinger

Andrew T. got a big surprise after his father died. His divorced father’s will left the bulk of his money to his other three brothers but left no lump sum to Andrew (who asked that his real name not be used). More mystifying, one of the sons, who had a stormy relationship with his father,

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At this most difficult time: 5 tips to survive widowhood financially

Thomas P. Keller, Partner, Kehoe Financial Advisors, Clu, and CFP •
Kiplinger

Losing a spouse is one of life’s most emotionally devastating events, and many financial advisers recommend not making major financial decisions during that first year of grieving. But after a period of time, financial decisions will need to be made. Seventy percent of widows retain a new financial adviser within the first year of their

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The emotional side of retirement planning

CeFT, Edm2, Barbara Shapiro, president, HMS Financial Group, Msf, Cmc, Cfs, CFP, and Cdfa •
Kiplinger

Historically, people retired when they reached 65, seemed to stay close to home, and typically died within a few years. Today the concept of retirement is very different. It is not unusual for people to work well into their 70s or even 80s at their current job or at a different job. Some work full

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