Financial Planning
Mistakes to Avoid When Reporting Plan 529
If at any time you withdrew money from your 529 college-savings plan during 2015, then you will have received Form 1099-Q for tax reporting purposes. Here are 6 mistakes you (or your tax professional) want to avoid during the process:
Identity Theft Tool
It is no surprise that identity theft can be a nightmare to experience, and it can happen almost anywhere. Whether you are pumping gas, purchasing groceries or even at your neighborhood ATM thieves find a way to steal your identity and gain access to your money.
HSAs – Your Secret 401(k) Power Booster
Health Savings Accounts (HSAs) are a way to allow you to save extra retirement money. The way HSAs function, they allow a person to save tax-free money in a separate account for medical-related expenses that are not covered by a health plan. HSA contributions are deductible like a 401(k) contribution, and the reason HSAs are supplemental is because a person can hold onto the money within the account for as long as they like.
How To Prevent College Debt From Derailing Retirement
According to a study done by the Center for Retirement Research at Boston College, more than half of households with individuals in their 20s have student debt that average to about $31k.
Four Ways To Get The Best Financial Aid Package
It is without a doubt that pursuing higher education is expensive. If you are paying for school by yourself, or you’re trying to find a way to pay your college student’s education then these four tips will be sure to help you.
Chartiable Donations – Admirable Gifts
Charitable donations are admirable gifts, and ones that can be made in the forms of cash, check, credit card or payroll deduction. When it comes to the Internal Revenue Service (IRS) they require proof that you made donations, and the responsibility of receiving and documenting that proof falls onto you – the taxpayer an donor. When making charitable donations it is important to keep the following things in mind:
Will I Get My Spousal Benefit Instead of, or in Addition to, My Retirement Benefit?
Social Security may be your largest or one of your largest assets. How you manage it, by deciding which benefits to collect and when, can make an absolutely huge difference to your lifetime benefits. And those with the highest past covered earnings have the most to gain from maximizing their Social Security.
Why Using Home Equity to Invest in the Stock Market is a Bad Idea
“Strong stock market encourages the resurrection of a bad practice – borrowing money against the value of your home to play the market. The horror story set out below is likely to be repeated if these practices continue.
How Can I Find Out If I Qualify for Discounted Health Insurance?
Social Security may be your largest or one of your largest assets. How you manage it, by deciding which benefits to collect and when, can make an absolutely huge difference to your lifetime benefits. And those with the highest past covered earnings have the most to gain from maximizing their Social Security.
Five Life Insurance Mistakes That Can Haunt You
Avoid These Possible Life Insurance Mistakes
