The White House retreat this week on eliminating the tax exemption for withdrawals from 529 savings plans is good news for families putting away money for college as its elimination would have ended this great tax break used since 1996 to help families save for college.
Sep 14, 2010|
If you leave your company, what happens to your retirement assets? Moving your assets into a rollover IRA can help you keep the same tax deferral benefits and you gain more control of your investments. It’s definitely an option worth exploring with your financial advisor, but it isn’t the only road you can take.
Aug 22, 2010|
All consumers should have their life insurance policies reviewed if they have had them for more than a few years. Some universal life policies that were based on projections made when the economy was stronger may be “underwater” and may need more robust premium payments to sustain them over the long term. Premiums of other policies may be based on old tables measuring life expectancy. In this instance, individuals may be able to lower premium payments or increase the death benefit.
Tax free college savings plans called 529 Plans can be used to purchase computer equipment and services for an eligible student in 2009 and 2010. This change was included in the “Stimulus” bill enacted this year. Check with your plan for more details and requirements.