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 »
In my Quora e-mail digest, I stumbled upon the most amazing and heartfelt estate plan I’ve ever read. A user asked: If you were left millions in your parent’s will, but your brother or sister were left nothing, would you give them some money? I think the large majority of us would say, “absolutely yes.”
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With the racism and sexual assault allegations that have befallen the Governor of Virginia, the Attorney General of Virginia, and the Lt. Governor of Virginia, I was reminded of all the racist altercations I experienced growing up in Virginia for public high school and public university in the mid-to-late 90s. They were instrumental for personal
The Importance Of Feeling Consistently Uncomfortable For Personal Growth Read More »
One of my biggest worries as a parent is whether I’ll mess up my son’s life by sending him to private school instead of public school. If you go to private school, there will be much more pressure for you to succeed. For if you end up doing the same thing your public school counterpart
The preschool admissions process can be very stressful, especially if you live in a big expensive city. With so may deadlines to hit, essays to write, interviews to conduct, and fees to pay, it’s easy to feel overwhelmed. This post will help you better navigate the preschool admissions process for your little one. The more
Navigating The Preschool Admissions Process: Getting In And $1,000 Application Fees Read More »
Can you imagine having a 529 child millionaire? With the cost of education continuing to skyrocket, creating a 529 child millionaire might be a necessity for parents with children under five nowadays. By the time kids go to college in 15-18 years, it may very well cost $1 million for all four years! With regular
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2020 may have been the hardest year of my life. I was the sole income-earning parent with two young children to feed. Here’s how to survive the pressure as a sole income-earning parent. Much has been written about offering more support and empathy for the stay at home parent who gives up his or her
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Are you finding yourself in a difficult financial position? This post discusses how to accept financial help from your parents without feeling like a loser. Ever since high school, I’ve felt I’ve been a burden to my parents. I got in a lot of trouble as a kid and therefore felt extremely guilty accepting their financial support.
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If you’re interested in learning how to copyright a song and earn royalties, this post is for you. I copyrighted a lullaby when my son was born in 2017. I am also a national bestselling author of Buy Not That and How To Engineer Your Layoff, where I also have copyrights with the Library of
How To Copyright A Song And Earn Royalties: Introducing Cutie Baby Read More »
The marriage penalty tax is discrimination. But given the marriage penalty tax doesn’t hit everybody, there hasn’t been enough uproar to make it go away. Thankfully, the marriage penalty tax has been abolished for 98% of households. In the past, I used to wonder why two individuals with high incomes or two individuals with a
The Marriage Penalty Tax Has Been Abolished, Hooray! Read More »
