The best gift any parent can give a child besides unconditional love is a great education. A 529 college savings plan is a solution that is designed to help families tax-efficiently save for future college costs. You contribute after tax money with the benefit of paying zero federal and state income taxes on the profits when […]
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The cost of childcare is high. The cost of fourth trimester childcare, the three months after your baby is born, may be the highest! Not only are you dead tired during the first three months after you baby is born, you may want to spend up to get some night doula or au pair help.
The Cost Of Fourth Trimester Childcare: Potentially $40,000 And Up Read More »
One of the things many responsible parents are doing today is saving for college, usually in a 529 plan. Not saving for college and expecting a student loan bailout in the future is bad planning. The same goes for not saving for retirement and hoping the government will take care of you once you can
Child Millionaires: Not Necessary Thanks To Canceling All Student Debt Read More »
One of my beliefs as a stay at home dad is that I wouldn’t trade the time I spent with my son for any amount of money. Lost income be damned! Given time is way more valuable than money, especially as you get older, this sounds like a logical statement. But perhaps this statement is
Forgoing $1 Million In Lost Income To Be A Stay At Home Parent Read More »
I’ve actually been a stay at home dad since 2017, but this article was written after two years of being a SAHD. For dads out there who are considering quitting their jobs to be full-time fathers, this post will give you some perspective. I still remember the day my son was born like it was
Reflecting On Being A Stay At Home Dad For Two Years Read More »
There’s a common joke here in the SF Bay Area. How do you know someone went to Stanford? They’ll tell you within the first couple of sentences. We Americans have a tremendous desire for status and prestige. When we work hard for something, it’s our second nature to tell everybody about our achievement. You do
The Definition Of American Prosperity Needs An Adjustment Read More »
Are you wondering how to get your spouse to go back to work after having a baby? I am since having our second child. Ever since my son was born, I’ve felt increased financial pressure to provide. It didn’t matter how much I had in the bank or how much our net worth had grown
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March 12, 2019 is a day I’ll never forget. Not only did the college admissions bribing scandal break that morning, we found out our boy got waitlisted by two preschools. Waitlisted is really just a euphemism for rejected. The first preschool was a Mandarin immersion preschool I’ll call PooPoo about 20-25 minutes away. We had
Perhaps Bribing For Admissions Starts In Preschool Read More »
Thanks to the fantastic work by the Department Of Justice and the FBI we have learned the average bribe it takes to buy your kid’s way into an elite private university is between $250,000 – $400,000. Although, some bribe amounts went as high as $6 million. The 10-month-long investigation, code-named “Operation Varsity Blues,” uncovered large
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A Grantor Retained Annuity Trust or GRAT is a way to transfer future gains tax-free to your heirs. If you’re blessed with a lot of assets, setting up a GRAT may save you millions in estate taxes. As responsible parents, my wife and I set up a revocable living trust. In case of our untimely
How A Grantor Retained Annuity Trust (GRAT) Can Save You Millions In Estate Taxes Read More »
