It is not uncommon for families to engage with a financial planner after some sort of liquidity event resulting in a lump sum of money. This could be the sale of a business, an inheritance, an insurance payout, or the sale of a home among other things. The most common questions people will have is how to deploy the funds. This post will overview the two most common investment strategies for lump sums.
Off to School: Guide to 529 Distributions
For most investors, the 529 account is the most used account type to save and invest for a child’s education. This type of account provides