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  • Financial Strategy For Your Child With Special Needs

Creating A Financial Strategy For Your Child With Special Needs

2025-03-25T11:29:05-05:00February 28, 2024|Categories: Resource Center|Tags: , , , |

Creating A Financial Strategy For Your Child With Special Needs

Creating financial strategies for families with special needs children requires careful consideration of both immediate and long-term needs. Parents must plan for their child’s present care, but equally important is preparing for a future where they may no longer be around to manage their child’s day-to-day needs. This planning often begins before birth and should include decisions about guardianship, trusts, and legal arrangements to ensure financial security for the child as they grow older.

The first step in this journey is to understand the child’s diagnosis and the specific challenges that come with it. Parents can benefit from connecting with other families facing similar circumstances, as they can offer advice and emotional support. Once families have a grasp of the present situation, they can shift their focus to the future, ensuring that appropriate legal and financial measures are in place, …

  • The Drive For Sustainability

The Drive For Sustainability

2025-03-25T11:32:28-05:00February 28, 2024|Categories: Resource Center|Tags: |

The Drive For Sustainability

In recent years, discussions on climate change, resource depletion, and environmental degradation have become increasingly common in the media, prompting a global push towards sustainability. This movement has given rise to several disruptive innovations aimed at improving the planet’s health, although many of these solutions are still facing significant challenges. Some of the most promising initiatives include drone delivery, robotic ocean trash collection, vertical farming, electric vehicles, and the circular economy. These projects aim to reduce carbon emissions, improve resource efficiency, and shift the way businesses interact with the environment.

Drone delivery is one such initiative that could revolutionize the logistics and retail industries by offering a more sustainable method of transporting goods. By reducing the reliance on ground transportation, drones could decrease carbon footprints and shorten delivery times. However, the infrastructure required for widespread use, along with safety regulations and airspace restrictions, present significant hurdles …

  • The Meteoric Rise Of The Space Industry

The Meteoric Rise Of The Space Industry

2025-03-25T11:35:44-05:00February 28, 2024|Categories: Resource Center|Tags: , |

The Meteoric Rise Of The Space Industry

As children, many of us dreamed of exploring space, whether walking on the moon or searching for life on Mars. Today, that childhood fascination may no longer be confined to the imagination. The space industry has undergone remarkable growth in recent years, transitioning from a government-controlled sector to a rapidly expanding global market. The rise of this industry, driven by advances in technology and commercial ventures, is playing an increasingly important role in the broader economy. This growth is reshaping not only space exploration but also influencing other industries and technologies.

In 2021, the space economy was valued at $469 billion, showing a dramatic increase from previous years. The commercial sector has become a dominant force within this growth, accounting for 79% of the industry. The number of successful space launches is also on the rise, with 2022 setting a new record for …

  • Drone Delivery and Robotics

The Rise Of Drone Delivery And Robotics

2025-03-25T11:40:06-05:00February 28, 2024|Categories: Resource Center|Tags: , , , |

The Rise Of Drone Delivery And Robotics

Amazon, Domino’s, and Google share a common focus on cutting-edge technologies like drone delivery and robotics, designed to boost efficiency and improve customer service. These innovations are increasingly vital for businesses to meet growing consumer demands. Drone delivery offers benefits like faster service, reduced delivery times, and lower costs, while also providing environmental advantages by reducing reliance on traditional delivery vehicles. Similarly, robotics helps minimize human errors, increase speed, and optimize resources, all while cutting labor costs and enabling round-the-clock operations.

Major companies have already embraced these technologies. Domino’s has tested pizza deliveries with drones in New Zealand and developed autonomous delivery vehicles. Amazon’s Prime Air aims to reduce delivery times with drones, and Google’s Wing program offers small-package drone deliveries across multiple countries. Additionally, companies like Walmart and Lowe’s are using robots for inventory tracking and shelf stocking, allowing human workers to …

  • What Can You Buy With 529 Distributions

What Can You Buy With 529 Distributions?

2025-03-25T11:45:29-05:00February 28, 2024|Categories: Resource Center|Tags: , , , , |

What Can You Buy With 529 Distributions?

WHAT CAN YOU BUY WITH 529 DISTRIBUTIONS?

A 529 college savings plan is a tax-advantaged way to save for education expenses, and it’s not just limited to college anymore. Originally designed to help families save for higher education, these plans can now be used for a wider range of educational expenses, including K-12 tuition, private and religious schools, vocational schools, and even some international institutions. The plan offers flexibility, allowing individuals to use the funds for various educational purposes beyond traditional four-year college programs.

The primary advantage of a 529 plan is its tax benefits. Earnings on the funds grow tax-deferred, and withdrawals used for qualified education expenses are tax-free. However, it’s important to note that each state may treat 529 plan contributions differently, offering different state tax deductions or credits. Additionally, the fees and expenses associated with each 529 plan can vary, so …

  • Harnessing The Power of AI: Balancing Innovation and Regulation

Harnessing The Power of AI: Balancing Innovation and Regulation

2025-03-25T11:58:41-05:00February 28, 2024|Categories: Resource Center|Tags: , , , |

Harnessing The Power of AI: Balancing Innovation and Regulation

Artificial Intelligence (AI) is rapidly transforming industries and redefining modern conveniences, with applications ranging from healthcare to automotive, retail, and finance. AI’s integration has revolutionized practices by introducing innovative solutions and enhancing efficiency. In healthcare, AI-driven diagnostics are detecting diseases with greater accuracy, while in the automotive sector, autonomous vehicles are improving safety. Retail has seen AI optimizing customer experiences, such as personalized recommendations and smarter inventory management, all contributing to AI’s growing influence across industries.

Despite its advantages, AI also presents significant challenges. Privacy concerns, ethical dilemmas, job displacement, and algorithmic biases are all pressing issues that need to be addressed. As AI becomes increasingly integrated into sectors like finance and logistics, its ability to analyze vast datasets is improving decision-making but also raising concerns about data security and fairness. The ethical use of AI, particularly in areas like surveillance …

Updated For 2024

2023-12-08T21:28:45-06:00December 7, 2023|Categories: Resource Center, Uncategorized|Tags: , , , , |

The Internal Revenue Service recently released updated income tax brackets, standard deduction, and retirement contribution limits for the 2024 tax year. While these taxes are not due for some time, it may benefit you to start thinking ahead.

Overall, more than 60 provisions have changed. Here are a few of the most critical tax bracket and retirement contribution limit changes.

Tax Bracket Inflation Adjustment

Overall, tax brackets have been adjusted upwards by 5.4% for 2024. The primary purpose of this adjustment is to account for inflation, which is based on the Consumer Price Index. The government’s goal is to keep income taxes in sync with consumer buying power.

Standard Deduction

The standard deduction has increased to $29,200 for married couples filing jointly, up $1,500 from the previous year. For single filers, this number increased by $750 to $14,600.

Individual Retirement Accounts (IRAs)

IRA contribution limits are up $500 in 2024 to $7,000. Catch-up contributions for those over …

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