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529 college saving plans are tax deferred investment accounts that are a lot like a 401(k) plan except instead of saving for retirement, you’re saving for college. Just as with 401(k) plans, some 529′s carry a wide assortment of investment options to choose from and this can sometimes get complicated. But for most people, [...] According to SmartMoney Magazine, a recent survey found that 90% of parents are worried about affording to send junior to college. It’s not surprising since increasing college costs are one of the few constants in the universe – even in times where people are seeing their paychecks slashed and asset values diminish. Returns [...] Here’s a story that’s near and dear to my heart. It comes from the Wall Street Journal by way of Yahoo! finance: Millionaires Go Missing No, it’s not near and dear to me because I’m a millionaire (I wish!). It’s because my home state of New York is considering doing just what Maryland did, [...] According to the AP, Millions of Americans may owe taxes next year on the money they receive this year as part of President Obama’s “Making Work Pay” tax credit. This is due to the fact that it is not a tax cut, but the result of a modification to the tax withholding tables [...] |
 
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