Family Office 101: What They Are, and Who Actually Needs One
Over 8,000 single-family offices now manage $5.5 trillion worldwide. What one actually does, what it costs, and the net worth threshold where it starts to make financial sense.
Investing on behalf of someone else comes with its own set of questions. This section starts with the one nearly every parent eventually asks: a 529 plan or a plain brokerage account — and how sure you need to be that the money is for tuition before you decide.
Over 8,000 single-family offices now manage $5.5 trillion worldwide. What one actually does, what it costs, and the net worth threshold where it starts to make financial sense.
A teenager's summer job can unlock one of the longest tax-free compounding runways available to anyone — but only up to their actual earned income. Here's the rule that makes or breaks the account.
No contribution limits, no restrictions on how the money gets spent — and full, unsupervised control hands to your child the moment they turn 18 or 21.
One is built for college. The other is built for anything. The right answer depends less on tax breaks than on a question most parents never ask: how sure are you this money is for tuition?