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Saving for College: Life Insurance or 529?
The pros and cons of two types of college funds for kids By DANIEL KURT Updated Feb 7, 2020 A college education may be the key to a better job for most Americans, but saving for college is daunting. College comes at an alarmingly high cost these days. Clearly, most...
Tax-Smart Ways to Help Your Kids/Grandkids Pay for College
By JEAN FOLGER Your child (or grandchild) might be just a two-year-old, but it's not too early to start figuring out how you'll pay for college. Here's why: It's estimated that it will cost $244,667 in 2020 to send your toddler to an in-state, public college for four...
COVID-19 and withdrawals from retirement plans
Taxpayers under financial duress caused by the pandemic can avoid penalties. By Celeste Schimmenti, CPA November 1, 2020 The Tax Adviser, November 2020 Unfortunately, the COVID-19 pandemic has forced many Americans to exhaust their savings and emergency funds. This...
6 Signs It’s Time to Retire
Sometimes your emotions can be more of an obstacle to retirement than your finances. By Rodney Brooks, Contributor Aug. 24, 2020, at 9:33 a.m. You may be ready for retirement if you have a social network and hobbies that you want to pursue. (GETTY IMAGES) IT CAN BE...
IRS Announces 2021 Retirement Plan Contribution Limits For 401(k)s And More
Ashlea EbelingSenior Contributor Personal Finance The burden is on you to stuff your retirement piggy bank. How much can you save for retirement in 2021 in tax-advantaged accounts? How does $58,000 sound? The Treasury Department has announced inflation-adjusted...