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Posted on:
Oct 18, 2009
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.
Posted on:
Mar 3, 2009
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.
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Posted on:
Mar 2, 2009
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.
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Posted on:
Jan 19, 2009
Pay Off Rental Property Mortgage To Build Wealth
When you own multiple rental properties you may be trying to decide when to pay off one of the mortgages. You need to consider what the impact of paying off the mortgage on the rental property will have on your cash reserves. If you pay off the rental property's mortgage you may have to start saving again to have some cash.
Posted on:
Jan 19, 2009
Personal Finance Resolutions Help Pay Off Debt
What are some personal finance resolutions you can make in 2009? Many people want to pay off debt, especially credit card debt. How can you pay off debt? It helps to live below your means and pay yourself first and last when you want to pay off debt and improve your personal finance situation.
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Posted on:
Jan 19, 2009
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…
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Posted on:
Dec 22, 2008
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 how banks sometimes lose deposits when you put them through ATM machines (Ilyce suggests making copies of the checks to prove what you deposited), 529 plans vs. iBonds, reverse mortgages and refinancing. 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.
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Posted on:
Jul 27, 2008
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…
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Posted on:
Jul 20, 2008
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 investment portfolio to take advantage of changes in the market. She also took questions on selling a home before buying, prenups, writing down of mortgage values, Fannie Mae and Freddie Mac, 529 college savings plans (and the tax deduction associated with them) and how to make sure that mortgage payments made in advance are really being credited to your account properly. 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.
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Posted on:
Jul 20, 2008
