Lessons For Future Millionaires By: Ishan Goradiya | - How do you give your children or grandchildren the right attitude about money? And a good financial start? While you can gift your child up to $12,000 a year tax-free, consider these options, wrapped up with financial lessons.
Permanent Life Insurance: Worth The Money? By: Denise Mancini | - Buying life insurance requires a lot of thought and planning. For most people, the choice is between a permanent life policy and a term life policy. Heres a bit of information on permanent life insurance to help you make a better-informed decision.
Permanent life explained
Permanent life insurance will remain in effect until the insured dies, after which the death benefits will be paid out to the beneficiaries. The premiums on permanent life are designed to remain equal thro ... Tags:life insurance, term life insurance, term insurance, life,
Should You Buy Term Life Insurance And Invest The Rest? By: Denise Mancini | - The pros and cons of Permanent and Term Life Insurance have been debated extensively. Term life insurance premiums are cheaper, but have no cash value attached. On the other hand permanent life insurance premiums are higher because the insurance company invests a part of the premiums so that beneficiaries receive a cash value when the policy ends. Many financial experts advocate buying term life insurance and investing the extra premium that you would have paid for a permanent life insurance pol ... Tags:life insurance, term life insurance, term insurance,
Saving For College 101 By: Michelle Brunetti | - It's never too soon to fight the college cash crunch!
Millions of parents face the same financial challenge: how are we going to pay for our children's college tuition? Fortunately, there are more options than ever available to families who want to start saving for college. Here are two popular strategies to consider...
529 Plans:
A 529 account is an education savings plan - operated by a state or an educational institution - designed to help you set aside fu ... Tags:saving for college, 529, ESA, kids college, child education.
529-mania By: Robert Valentine | - Looking to save for college? Take a number--the number 529 to be exact.
College Savings Accounts, or 529s as they're nicknamed (after the IRS tax code), have become all the rage in recent years. So what are they? And what options do you have when using a 529 to save for your child's college education?
College Planning: A Prepaid Education By: Robert Valentine | - If you have kids, you know before long they'll be grown up and ready to move on to the next part of their lives. For most, that means some sort of higher education, typically at a four-year institution. It's not news that tuition continues to increase across the board at almost every major college and university. As state governments face tighter budget restrictions, one of the first areas to be hit is the price tag of a credit hour at a state university. In many cases, even if the state budget ... Tags:prepaid college tuition plans, prepaid college, Prepaid 529, save, kids, to college, 529, Saving fo
Matchmaker 401(k) By: Robert Valentine | - There can be a lot of confusing numbers floating around when you try to invest. 529s, 401(k)s, 403(b)s, it can get hectic. One thing which isn't confusing is knowing you want the opportunity to retire in comfort. General George S. Patton once said, "I always believe in being prepared," and while he may not have been talking about retirement specifically, he makes a good point. Be ready.
Send Your Kids To College And Avoid The Tax Man By: Robert Valentine | - Paying for a college education may be the greatest gift you can give. However, it may also be the most costly. It is no secret that college expenses have been rising at an alarming rate. According to The College Board's report, "Trends in College Pricing" tuition has increased at twice the rate of inflation over the past 20 years (2001). This means in another 18 years parents can anticipate paying approximately $115,000 for total expenses at a 4-year public college or about $250,000 at a priv ... Tags:kids, to college, 529, Saving for college, investment, account, irs, college, 529, education, tax fr
