…Money is a popular graduation gift – and with good reason. College grads in particular will likely be leaving school with overwhelming amounts of student debt and not much knowledge of how to pay it off. Sure, you can simply hand them a wad of cash; that's probably what students would prefer. But if you want to be more thoughtful about your gift, here are some other ways to give.
"…. A true fee-only financial planner accepts compensation only from clients. You'll want one who has an appropriate credential such as Certified Financial Planner (CFP). The planner should be willing to be a fiduciary and put that in writing. "Fiduciary" means the planner promises to put your interests first……."
On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act. It cuts the corporate tax rate from 35 percent to 21 percent beginning 2018. The top individual tax rate will drop to 37 percent. It cuts income tax rates, doubles the standard deduction, and eliminates personal exemptions. The corporate cuts are permanent, while the individual changes expire at the end of 2025.
