by MRA Advisory Team | May 14, 2021 | Children, Family, Finances
If you have qualifying children under the age of 18, you may be able to claim a child tax credit. (You may also be able to claim a partial credit for certain other dependents who are not qualifying children.) The American Rescue Plan Act of 2021 makes substantial,... 
by MRA Advisory Team | Mar 10, 2021 | Children, Family, Finances, Planning, Retirement
Children are a special blessing and their arrival brings boundless love and joy into our lives that you can’t put a price on. But adding a child to the household impacts the family budget in very measurable ways. Whether this is your first child or your fourth,... 
by MRA Advisory Team | Dec 5, 2019 | College, Children
Raising kids is hard enough, so why not make things easier for yourself when it comes to saving for college? Ideally, you want a savings vehicle that doesn’t impose arbitrary income limits on eligibility; lets you contribute a little or a lot, depending on what... 
by MRA Advisory Team | Nov 2, 2018 | Children, College, Family, Planning
The College Board has released college cost data for the 2018-2019 school year in its annual Trends in College Pricing report. Here are the highlights: 4-Year Public Colleges (in-state students): Tuition and fees increased an average of 2.5% to $10,230... 
by MRA Advisory Team | Oct 26, 2018 | Children, College, Financial Aid
For the 2019-2020 school year, the federal government’s financial aid form, the FAFSA, can be filed as early as October 1, 2018. It relies on current asset information and two-year-old income information from your 2017 tax return, which means you’ll... 
by Jolaine Richmond | Aug 31, 2018 | Planning, Children, Estate, Family
It has been said that the best inheritance we can give our children is a few minutes of our time every day. It’s also true, though, that our children will not always have us in their lives. Children with special needs may require lifetime assistance,...