saving for college
Refinance Your Home or Buy a New House
Given a choice in this housing market, buying a new house may be a better long term option than refinancing your home into a lower rate mortgage. Q: My husband and I have approximately $140,000 left on our mortgage with …
Paying For College With ARM Home Loan Or 401k?
Using ARM loan is better than 401k to pay for college. Q: My husband and I are 56 and 55 respectively. We have 3 college tuitions and 2 of 3 weddings done, and are now thinking of taking advantage of …
How Much Should I Save Each Month and For Retirement
How much should I save each month? That’s a question many Americans are pondering in the aftermath of the Great Recession. Some things never change: The more you save earlier in life, the more savings you’ll have for retirement. This article includes money-saving tips, as well as a discussion of short-term and long-term financial goals, including saving for retirement. Also included are tips to help you plan our how much you should save each month.
Beginning The Student Loan Process
There are a few resources when embarking on the student loan process. When applying for student loans, you’ll want to start with the FAFSA form. You may also be eligible for scholarships in addition to student loans.
Questions On 529 Savings Plans
Are there tax penalties on a 529 plan if your child doesn’t start college by a certain date? Is a 529 plan the best way to save for college? Are contributions to a qualified 529 plan deductible? These questions and more about 529 plans are answered here.
Roth IRAs For College Saving
You can use your 401K retirement plan to help save for college by rolling the money into a Roth IRA. The money in a Roth IRA grows tax free and you are able to withdraw your earnings after five years to pay for tuition expenses. A Roth IRA is also a good way to save for college because it keeps the money in your control.
Being Smart About Inheritance
Making good financial decisions with an inheritance can have a major payoff. Using the inheritance to pay off debts and create an emergency fund is a good start. A 529 college savings plan can be used for the inheritance to be stocked away for college.
Saving Money
Saving money is a challenge for many of us. Whether you are saving money for college, saving money for a down payment, or saving money for retirement, all it takes is a good system. Is buying and sharing private real estate with another family wise? Even if the market for single family homes is too expensive, buying real estate with another family or couple can be risky. Buying real estate with another family and sharing that space could mean the end of a friendship and possible financial ruin.
Inheritance: Refinance Parent’s Investment House with Kid’s Inheritance?
I got a call at the top of the show from a woman who wondered if she should use the $70,000 her kids inherited to pay off her investment property. She…
Ilyce Glink on WSB Radio – October 12, 2008
Today on the Ilyce Glink Show, Ilyce covered the highlights of what has been billed as the “Worst Week in Wall Street History.” A week where the Dow Jones index dropped 2,400 points, marking a more than 40 percentage point drop from the high a year ago. Today’s show, which featured a special third hour, Ilyce answered questions on investing in the stock market, if it would be possible to reduce quarterly tax payments, how to help aging parents transfer a property to children to avoid it being sold to pay assisted living fees, choosing a good company in which to invest now that prices are so low, choosing a good financial advisor, 529 college savings plans and other ways to save for college tuition, buying a foreclosure and being aware of homeowner association rules and regulations (before closing), who real estate attorneys really represent in Georgia, whether you should choose a self-employed 401(k) or Sep IRA if you get 1099 income, and what are the risks of going entirely with a wireless phone (especially where 911 calls are concerned). To find out more, tune into the show. For show notes and updates through the week, check out her blog at www.thinkglink.com/blog , and sign up for her free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. And be sure to subscribe to her YouTube channel.
