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.
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'd create a 15-year mortgage and would pay her kids back monthly for 15 years. She figures it's better to pay back her kids at a guaranteed rate of…
ThinkGlink Radio Show for Jul 27, 2008
Today on the Ilyce Glink Show, Ilyce discusses some of the things she learned at this year's Inman Connect real estate and technology conference in San Francisco. And, she walks listeners through the details of the new Housing Bill, that passed Congress this weekend. She took a bunch of calls about…
Georgia 529 College Savings Plan Tax Question
This morning on the show, John asked whether a married couple could open up multiple 529 college savings plans for a single child and take several $2,000 deductions on their Georgia state taxes.
The answer is no. Married couples are limited to one $2,000 deduction per beneficiary. But John's parents…
ThinkGlink Radio Show for Jul 20, 2008
Today on the Ilyce Glink Show, Ilyce talks about how she feels the stock market is still in gyration mode. Now that we fell below the 11,000 barrier, it could happen again. This might create a once in 30-year opportunity to buy equities, which is what she's doing. Find out how she's reorganizing her…
Real Estate Today With Tom Kelly
After my show was over, I jumped on the telephone to dial into my friend Tom Kelly's radio show, which airs in over 400 markets out of Seattle. We were talking about sending kids to college and I wanted to offer up a few of my favorite links.
The best website by far is www.ed.gov, which is the…
ThinkGlink Radio Show for Jul 29, 2007
On this week's show, Ilyce talks with Ralph Roberts, an agent who has helped more than 10,000 buyers and sellers sell their home and has purchased, flipped or rented another 2,000 homes for his own portfolio. Ralph joins Ilyce to talk how to find a good foreclosure investment property and what…
Real Estate Minute: Grandparents Help With Saving For College
Real Estate Minute with Ilyce Glink Grandparents Help With Saving For College Original Air Date: July 3, 2006
Use Federal Stafford Loans To Pay For College
When you're paying for college you'll likely have a combination of student loans, grants and scholarships. One type of student loan to consider is the federal Stafford loan. Banks issue federal Stafford loans in either subsidized or unsubsidized options. Learn about how Stafford loans work so you'll…
Paying for college may include a combination of student loans, grants and scholarships. In some cases, parents are willing to take out loans towards their children's college educations as well. Parents who want to borrow money to pay for college can take out PLUS loans, which begin accruing interest…
Perkins Student Loans Help Fund College Education
When you're trying to fund college you should look into all borrowing options. If you have significant financial need you may qualify for a federal Perkins loan. To see if you're eligible, you should fill out a Free Application for Federal Student Aid (FAFSA) form.
Are There Advantages To Using Savings Bonds For College?
Using savings bonds to pay for college has its pros and cons.
Pay College Expenses With Qualified Tuition Program
A qualified tuition program is another name for a 529 plan, which allows you to save and invest money for college expenses. 529 plans or QTPs provide people with special tax benefits, such as accumulating earnings tax-free, if you meet education expense levels. QTPs may also be set up by educational…
Federal Student Aid For College: Who's Eligible?
When you want to get a college education you need to figure out how to fund it. One part of paying for college may include federal student aid. What criteria do you have to meet in order to get federal student aid for college?
529 Plan Helps You Save Money For College
How can you save money for college for you or your children? You can set up a 529 plan, which is named for the section of the tax code which covers it. A 529 allows you to invest money to be used toward college expenses such as books, tuition and computers. States may offer two types of 529 plans: a…
Investing Needed To Save Cash For College
Some of your child’s education is bound to be paid for through scholarships, financial aid, and student loans. The rest can only be the product of aggressive investing. To make sure your child has college money available when they need it, you have to choose a well-diversified portfolio of mutual…
Wondering how to save money? This article gets you started with saving and makes sure your savings plan works for your personal finance needs.
Start Saving For College At Your Child's Birth
How soon should you begin saving money so you can send your child to college? The best time to start saving for college is when your child is born. Saving for college beginning at birth gives you time to invest money in mutual funds and stocks. The sooner you begin saving money for college the more…
Benefits Of Retirement Accounts Over 529 Plan
Retirement accounts have many benefits that 529 plans don't have/ If you start closing traditional IRAs (which are pre-tax dollars) and moving them to a 529 plan, you'll have to pay taxes and the penalty on the cash. You won't pay taxes on the contributions to your Roth IRA, but you will pay taxes…
Wife Is Addicted To Saving Money
Can a savings plan work too well? If fun isn't part of your financial plan, then your personal finance goals may lead to personal disaster. While it's a great idea to committing to saving money, it's important to leave room for the fun stuff, too.
How Much Should You Save Each Month?
The first step to saving money is to spend less, and that includes paying off your debt as quickly as possible. Choose the loan with the highest interest rate first and pay that off, then move to the next highest interest rate, and so on.
Personal Finance Advice: Save More Money
Each presidential administration launches new plans to help people save and invest money. The Bush administration introduced Lifetime and Retirement Savings Accounts, which were similar to Roth IRAs. Learn also about personal finance advice about saving money in 529 college savings plans.
529 Plans: Invest And Save Money For College
As paying for college gets more and more expensive, parents try to find new ways to invest and save money - the best being a 529 plan. 529 plans are similar to 401(k)s, except instead of retirement, you invest and save money in a 529 plan for college. Each state has its own type of 529 plan to help…
As with the stock market, when home values rise, Americans feel richer. With home prices rising at double-digit speeds (as opposed to the more "normal" 3 to 5 percent average annual appreciation), homeowners see their net worth increasing - in other words, they are worth more. In some cases, it's…
College Savings Plans: UPromise.com and BabyMint.com
If you're saving for college, 529 College Savings Plans offer easy options for stocking away cash. Upromise and BabyMint offer 529 plan credit cards that give you a small percentage of cash back as a contribution to a specified 529 plan if you buy from an affiliated company. 529 plans permit you to…
