A Word from the CEO
While attending the recent Cantors Assembly Convention, a participant came up to me with a question. When saving for retirement, the rule of thumb is to save 10%-20% of your salary annually over your working life. Is there a similar formula for saving for a child's college education? It's a great question, but, unfortunately, there's no simple answer. See our article, "Saving for Your Child's Education," to understand why.
Moving into the fall, it's a good time to take a look at where you stand regarding your 2018 taxes (after the Yamim Noraim, of course!). This is especially true given the major changes to the tax code enacted in the Tax Cuts & Jobs Act. You can access resources on the JRB website (see the links below) that will get your started.
As always, please don't hesitate to contact the JRB with any questions or comments about these articles, suggestions for other topics or questions about your own financial strategy. We're available at 888-JRB-FREE (572-3733) or
staff@jrbcj.org
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Wishing You an Early Shana Tova u'Metuka,