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Top 10 Performing Mutual Funds 2017

Top 10 Performing Mutual Funds (by percentage) 2017

  1. Quantified STF Investor (QSTFX) – 68.92%
  2. Kinetics Internet No Load (WWWFX) – 57.43%
  3. Morgan Stanley Multi Cap Growth B (CPOBX) – 46.61%
  4. Transamerica Capital Growth A (IALAX) – 43.89%
  5. Morgan Stanley Inst Growth I (MSEQX) – 43.83%
  6. VALIC Company II Small Cap Growth A (VASMX) – 41.46%
  7. JP Morgan Dynamic Small Cap Growth A (VSCOX) – 41.45%
  8. JP Morgan Small Cap Growth A (PGSGX) – 41.13%
  9. Baron Fifth Avenue Growth Retail (BFTHX) – 40.64%
  10. Baron Opportunity Retail (BIOPX) – 40.51%

 

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What is a Last Will and Testament?

What is a Last Will & Testament?

A Last Will & Testament is a formal document (which must be prepared and signed sometimes with witnesses under state law) which outlines the individuals wishes for the distribution of his/her property/assets/possessions upon his/her passing. This document is typically prepared in conjunction with a lawyer and is specific to that individual and his/her assets/family.

Does a Last Will & Testament Help My Family Avoid Probate Court?

No. A Last Will & Testament is a document which simply details the persons wishes for how property/assets are distributed, and is an important part of an overall estate plan, but in and of itself does not prevent those individuals from having to go through the timely and expensive probate process. There are other methods including the use of a revocable trust, and properly titling assets such as bank accounts and property jointly or with right of survivorship which can help avoid the probate process if the document are created properly and the property is properly transferred and/or titled. It is recommended to consult with an attorney to ensure your plan is appropriate for you and accomplishes what you desire, while minimizing any taxes which could potentially be associated with transfer/sale of a business, property/title change.

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The 529 College Savings Plan

Popular College Savings 529 Plan

Learn the Rules to Success and Achievement

The 529 Plan

A 529 college savings plan is a state sponsored savings plan with tax advantages (the money is put into the plan after tax, but can be invested and grows tax free, additionally, use is tax free subject to restrictions). Each state has a different type of 529 plan with different rules and regulations, so you should review for your specific state and consult with a financial advisor as to whether this plan is right for you, but as you can see there are some advantages. Another important consideration with any 529 plan is whether you want to qualify for financial aid as having savings of this type may lessen your ability to qualify for certain types of aid. This is something to consider in determining the best way to plan for college educational expenses/costs for your children. In addition to 529 plans, many state offer pre-paid tuition plans where you can pay monthly sums over time for the in state tuition which will cover the cost of tuition as a whole (some plans allow for variation and can even cover room and board as well for a larger monthly fee). As with any type of investing/savings plan, the sooner you start the better. 529 plans are offered through many popular financial institutions and are considered by many as a great way to plan for the future.

529 Plan Facts:

Anyone can open a 529 account.
Grandparents and others can contribute to the account regardless of who opened it.
No income limits for those who contribute so it is a good potential way for grandparents to pass down money while avoiding certain taxes (gift/inheritance/estate tax).
529 proceeds can be used for both undergraduate and graduate school, and typically refunds of excess funds if left over in the plan. Typically what is not used by one sibling can be used by another sibling or relative.
High lifetime contribution amounts allow for significant contributions for those paying it forward to their children and grandchildren.

Open an Account by Clicking Here.

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