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A new tiered tax rate on the endowments of wealthy colleges and universities could affect spending on financial aid, research, and other college programs.
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It’s a good idea to regularly review beneficiary designations to be sure they are complete and reflect current wishes.
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The day-to-day demands of supporting multiple generations can take a toll, but planning and support might help achieve a workable balance.
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Tax season may be over, but a completed tax return offers information that can help with financial strategy for the rest of the year.