Talk To Me About The Fiscal Cliff

Fiscal Cliff Jump

The phrase “fiscal cliff” has been used to describe the unique combination of financial realities scheduled to take effect in 2013: expiring tax breaks; the imposition of new taxes on high-income individuals; and automatic deficit-reduction spending cuts. Expiring tax breaks Lower federal income tax rates, part of the tax landscape for more than ten years, […]

My Child Got A Full Scholarship –Now What?

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Since your child has received a full scholarship, you can withdraw–without penalty–some of the funds in your 529 account. In each withdrawal from your 529 plan, you receive some earnings and some of the contributions that were made to the account. Generally, a penalty is imposed on the earnings portion of each withdrawal that you […]