Month: September 2022

FEATURE
Is It Time To Start Saving For Your Child’s Education? With Rick Gallacher, CFP® (Ep.16)

Is It Time To Start Saving For Your Child’s Education? With Rick Gallacher, CFP® (Ep.16)

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As college costs continue to rise, more parents and grandparents are looking into ways to save for their children’s education. But with the potential for taxes and penalties, is a 529 plan the right choice?

In this episode, Austyn Whittenburg talks with Rick Gallacher, CFP®, to discuss how you can start helping your kids save money for college with a college savings plan. When used right, you are able to use the money tax free on almost everything school related.

Rick discusses:

  • Options for paying for college
  • What you can use 529 funds for
  • How the family legacy pyramid works
  • Pros and cons of college savings plans
  • And more

Connect with Austyn Whittenburg:

Connect with Rick Gallacher:

About Our Guest:

Rick Gallacher has experience in the areas of financial modeling, asset allocation, investment selection, estate planning, personal risk management, holistic situation auditing and personal financial reporting. As a licensed CPA, he has proficiency in understanding and applying analysis to the overall economy, capital markets, corporate fundamentals, personal taxation and essential business law.

Prior to investing in 529 Plan investors should consider whether the investor’s or designated beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.

Austyn Whittenburg, Rick Gallacher, Whittenburg Wealth Partners, and LPL Financial do not offer tax advice or services.



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FEATURE
The Reason Everyone Should Have an Estate Plan with Eric Whiting (Ep.15)

The Reason Everyone Should Have an Estate Plan with Eric Whiting (Ep.15)

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Many people think estate plans are solely for wealthy people but that could not be further from the truth.

Everyone should have an estate plan.

In this episode, Austyn Whittenburg talks with Eric Whiting, an estate planning lawyer. Planning your trust should be a priority for you to ensure your children and family can be taken care of incase something unexpected happens to you. There are also some other important documents he talks about, such as why having a power of attorney is in your best interest.

Eric discusses:

  • The big difference between a will and an estate plan
  • All the documents you need to help ease the pressure off of your family if anything happens to you
  • How often you should review your will and estate plan
  • Why everyone should have a trust
  • And more

Connect with Austyn Whittenburg:

Connect with Eric Whiting:

Eric Whiting and York Howell & Guymon are not affiliated with or endorsed by Whittenburg Wealth Partners or LPL Financial. Whittenburg Wealth Partners and LPL Financial do not offer legal advice or services.

About Our Guest:

Eric B. Whiting is an attorney with the Salt Lake City law firm of York Howell & Guymon. Eric’s practice is focused on estate planning, tax, business planning, and nonprofit entities. Eric also assists clients of large and small estates with all aspects of estate administration and probate. Eric assists business clients with entity selection, structuring, formation, and planning. He also represents clients before the IRS. Eric is currently an active member of the Utah State Bar, Idaho State Bar, Washington State Bar and most recently Wyoming State Bar. He is also admitted before the U.S. Tax Court, the U.S. Court of Appeals for the Ninth Circuit and the U.S. District Court for the Eastern District of Washington. Eric earned his Bachelor’s Degree in Economics and Law & Constitutional Studies at Utah State University, his Juris Doctor at Gonzaga University School of Law and his LL.M. in Taxation at Georgetown University Law Center. When not in the office, Eric loves spending time outside with his wife and three daughters. He enjoys mountain biking, rock climbing, skiing and snowboarding.

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