Hylland Capital
The next generation in financial planning

Ask an Advisor Archive

Your Personal Finance Questions - Answered!

“When should I open a 529 account?”

Today is May 29th, also known as 529 day. And if you don’t know already, 529 accounts are one of the best ways to save for college expenses and because of some special offers, today is a great day to start a 529 if you have not already. Need help getting started? Then this question of the day is for you.

Today’s question is:

“When should I open a 529 account?”

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Matt Hylland
“Should I Buy a Municipal Bond Fund?”

As a reminder, lately we have been covering a wide variety of topics dealing with minimizing your tax burden from your investments.

Today we discuss one of the most popular tax-free investments, municipal bonds.

Today’s question is:

“Should I Buy a Municipal Bond Fund?”

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Matt Hylland
“What is a tax-managed mutual fund, and do I need one?”

As a reminder, in honor of the upcoming tax filing deadline, this week we are discussing ways to reduce your investment related taxes. Yesterday’s topic covered how different types of investments are taxed.

Today’s question deals with mutual fund selection:

“What is a tax-managed mutual fund, and do I need one?”

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Matt Hylland
"How can I reduce my investment related taxes?"

If you haven’t filed your taxes yet you need to soon. And for many Americans, it’s the day they see their tax bill for their investments during the year. Between long term capital gains, short term capital gains, interest income, and dividends, investors can easily rack up thousands of dollars in taxes.

But there are ways to reduce your tax bill. This week we are going to go through strategies we use to help lower clients’ tax bill from their investments.

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Matt Hylland
“Should I rollover my old 401k?”

Today’s question is on a topic for anyone who has changed jobs, and an especially important point for millennials as they continue in their careers, and those who have worked at smaller companies that offer a 401k retirement plan.

The question is:

“Should I rollover my old 401k?”

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Matt Hylland
“Should I pay off my student loans or invest for retirement?”

Everyone knows that if they have debt they should be paying it off, and everyone knows they should be saving and investing. But which one is more important?

This week, we are looking at various kinds of debt that households have, and go through the process we use with clients on how to decide whether to put excess cash flow towards reducing debt, or increasing savings.

Today’s question is:

“Should I pay off my student loans or invest for retirement?”

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Matt Hylland
“Should I buy Whole Life Insurance”

As a reminder, over these next few episodes, we’re looking at various products that are often sold to savers and investors, and helping you decide whether or not you need them. Yesterday’s episode was on annuities. If you would like to listen to previous episodes, head over to the archives at Hyllandcapital.com/ask

Today’s question is:

“Should I buy Whole Life Insurance”

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Matt Hylland
“Should I buy an annuity?”

For the next couple of episodes, we are going to look at a few products that notorious salesmen and women in the industry hawk to the masses, and help you determine if it is really the best option for you.

Today’s questions is:

“Should I buy an annuity?”

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Matt Hylland
“What is the best way to save my tax refund?”

As a reminder, this week is all about your income tax return. Previous episodes this week touched on why your tax refund may be lower this year, and how long your tax refund will take. You can find recordings and show notes in the archives at hylland capital dot com slash ask

But today, we are going to look at what to do with your tax refund once you get it.

 

Today’s question is:

“What is the best way to save my tax refund?”

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Matt Hylland
"Where is my tax refund?"

this week we are looking at taxes, and what you need to know while filing your tax return. Yesterday’s topic covered reasons why your tax return may be lower this year. As a reminder, you can find previous episodes and transcripts in our archive section at hylland capital .com slash ask.

Today’s question is for those who have filed their taxes, but are still waiting on their refund.

The question is:

“Where’s my refund?”

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Matt Hylland