If you have a kid in high school and are wondering about using life insurance to finance college, I saw this article in Smart Money that discusses pros and cons. Here is the article:http://www.smartmoney.com/plan/insurance/insurers-target-college-savers-1319507624459/I think the key is to make sure this fits into what you want to do and that you understand the process before you jump into anything.
Brian’s Tax Musings
Are you a resident of one state but have property or income coming from another. You might have to file a non-resident return for that other state and if you don’t file correctly you could incorrectly pay tax to both states. This might be the time to discuss what to do. Email me at bstonercpa@sbcglobal.net or call me at 818-317-6035 and let’s make sure you don’t pay any more tax than you are required to!
Brian’s General Musings
Well, time to trick or treat again. It will be my job to hand out candy and scare children, so I got a skull mask and a fedora and need a cape and then I will be all set. Happy Halloween! Here is an link to the history of Halloween – enjoy!http://www.halloweenishere.com/history.html