Analysts are expressing doubts about the recent market rally. They offer Reuters an explanation for the 37% jump, and a forecast for the near future. Grandparents with 529 accounts need to know how they’ll be taxed. You can save more for a child’s education with a 529 when you understand how account ownership shifts the tax burden. Sarah Mouser looks into the details for Advisor Perspectives. Should you have a GRAT? The tax advantages of these Grantor Retained Annuity Trusts are attracting attention as elders focus on estate planning. Dorothy Hinchcliff tells you how to save on federal estate and gift taxes.
‘Rally Of Hope’: Why The S&P Soared Back Past 3,000 — The U.S. stock benchmark S&P 500 index broke through the 3,000 level on Tuesday, capping a 37% stock rally since its March low. But the market may be priced for an economic recovery that the data so far does not support, and some participants say the rally has gone too far, too fast. Read more…
Should A Parent Or Grandparent Own A 529 Account? — With the price of higher education increasing nearly eight-times faster than wages, saving and paying for college is a common concern for many families. While there are multiple ways to begin saving for educational expenses, 529 plans are the most common. But when it comes to ownership of these plans, questions from clients are extremely common. Read more…
How Wealthy People Can Save on Taxes With GRATs — The down equity market brought on by the COVID-19 pandemic plus rock-bottom interest rates have combined to make grantor retained annuity trusts (GRATs) a very attractive way that wealthy clients can save on federal estate and gift taxes. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller
Disclosure – The articles mentioned in Mid Week with Day & Ennis are for information and educational purposes only. They represent a sample of the numerous articles that the firm reads each week to stay current on financial and economic topics. The articles are linked to websites separate from the Day & Ennis website. The opinions expressed in these articles are the opinions of the author and not Day & Ennis. This is not an offer to buy or sell any security. Day & Ennis is under no obligation to update any of the information in these articles. We cannot attest to the accuracy of the data in the articles.