Money and More© November 17, 2018

Holiday Spending Is January a painful month financially?  For many people, January it is a not great month for their finances.  One reason folks struggle in January is because they overspent in the December holiday season.  Gifts, meals out, parties and more all take a toll on personal finances.  Having a spending plan for the… [Continue]

A Week of Thoughts September 29, 2018

9/23 Do you hold individual stocks?   Consider the size of your portfolio you may be taking too much risk.   Just consider the wide swings of stocks like Tesla or the problems of Enron and others in the past.   A diversified mutual fund or Exchange Traded Fund gives you the ability for a relatively modest… [Continue]

Make Money Smart Kids with Educational Savings Accounts

Coverdell Educational Savings Accounts (ESAs) are a useful source for education funding.   Often, these accounts are overlooked because of their limitations.  By understanding ESA rules, proactive parents can provide kids money education not just education funding. Understanding the ESA Rules Contributions:  Anyone may contribute to an ESA for a child under 18 years of age. … [Continue]

529 Plans—Better for Grandparents than Parents

College 529 plans get their name from the section of the Internal Revenue Code that defines them.  These college savings plans are a tax preferred “wrapper” for dollars earmarked for education.  Another name for the plans is Qualified Tuition Programs (QTP).  State governments establish and run these plans. There are two types of QTPs.  The… [Continue]

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