Parents spend an average of nearly $13,000 each year just to raise one child. And that’s without any special activities, private school, tutoring, or unexpected events. Multiply that by 18 years and you’re looking at spending over $230,000 per child to raise your kid. Obviously, then, it makes sense to look into a 529 plan.
You have probably heard quite a bit about taxes on stocks as a beginner investor. If you’re new to filing your taxes on your own and new to investing, combining the complications of the two can feel overwhelming. For example, did you know that the IRS has the power to charge capital gains taxes on any profits made from selling stocks?
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