Sunday, 4 December 2022

Archives : Jul-2021

What is a 529 Plan and Should I Open One?
31 Jul
2:29

What is a 529 Plan and Should I Open One?

Going to college is more expensive than ever before. According to The College Board, a four-year degree at a public, in-state university can cost nearly $40,000. Opt for a private school and that number jumps to over $120,000. With the high cost of college, saving for your child’s education is […]

How Do Savings Bonds Work?
31 Jul
7:48

How Do Savings Bonds Work?

Updated on Friday, July 30, 2021 Savings bonds are a popular savings vehicle for conservative investors, as they are backed by the full faith and credit of the U.S. government. With savings bonds, you are paid a fixed interest rate on the principal paid for the bond. Just like other […]

401(k) Contribution Limits in 2021
30 Jul
6:18

401(k) Contribution Limits in 2021

Contributing to your company-sponsored 401(k) is one of the easiest ways to make sure you’re set up when your golden years arrive. By starting early and maximizing your contributions, you’ll give yourself ample time to take advantage of the unique magic of compound interest — which, given enough years, can […]

The Best Military Credit Unions in July 2021
30 Jul
4:39

The Best Military Credit Unions in July 2021

Updated on Thursday, July 29, 2021 Credit unions are not-for-profit financial institutions that are owned by their members and forged from a community bond. Some credit unions are organized around geographic areas or specific companies, while others developed around military bases and among groups of the armed forces. Military credit […]

Best 529 Plans in Virginia: Compare College Savings Plans
20 Jul
9:29

Best 529 Plans in Virginia: Compare College Savings Plans

Updated on Monday, July 19, 2021 Virginia currently offers two 529 plans: Invest529, a direct-sold program, and CollegeAmerica, an advisor-sold program. Until 2019, Virginia also offered a prepaid 529 plan, but it’s been permanently closed to new enrollees. The state contribution limit for 529 plans is $500,000 per beneficiary, which […]

Florida Tax Guide: Income, Estate and Property Taxes 2021
20 Jul
7:58

Florida Tax Guide: Income, Estate and Property Taxes 2021

Updated on Monday, July 19, 2021 There’s a reason retirees and millionaires flock to Florida, besides the warm weather and miles of coastline: Florida has one of the lowest tax burdens of any state. The Sunshine State has no state income tax, average sales tax rates compared to other states […]

Best Savings Accounts for Kids
05 Jul
4:08

Best Savings Accounts for Kids

Piggy banks are fun for small change, but if you want to teach your kids important lessons about managing money and the power of compound interest, get them their own savings account. While your local bank branch probably offers more than one savings account product, you might consider looking online […]