In today’s highly competitive admissions process, families must never lose sight of the fact that nothing is more important to parent or student than an acceptance letter! As all the aid in the world is useless without that coveted admission ticket, paying for college is your second priority. Planning for college can begin as early…

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Numerous ponzi schemes and scams have come to light in the past several months. This is a trend that is a result of the crash in the economy. Prior to that, it was easier for these criminals to hide behind the inflated returns that the market provided. Here are some types that will help you…

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the social security system. I know… it’s obvious many of you think i’m a troll. However i’ve told many of you "exactly" how things were "going to" happen and you laughed. Well.. they’re happening now. Just figured you might want to know this as well. Seriously though, i don’t even know why i’m telling you.…

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I always like to ask my clients, “Will your financial planner be willing to pay your long term care bills, will they have access to good quality Home Health Care Providers?” Many lawyers and advisors are now reluctant to recommend against Long Term Care Insurance for fear of law suits later on, from children, when…

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If you participate in an employer-sponsored retirement plan or an individual retirement plan, you may be eligible for a tax credit. This credit used to be known as the Retirement Savings Contributions Credit (RSCC). It is now known as the Savers Credit and applies to individuals that meet the following income and filing status: •…

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In the world of financial management there are several phases. This article examines the part called wealth accumulation. The phase of wealth accumulation is the part that if it is not accomplished will mean that there is no retirement. Additional resources are contained at the end of this article. This is the phase that everyone…

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When should you begin putting away for retirement? Now! It is never too soon to put money away for retirement. Americans have several options to put away funds. IRAs, 401(k) plans are the two most popular because they allow your deposits to grow tax deferred. There are several common mistakes that people make that will…

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non qualified retirement plan   I have a non qualified retirement plan ( this is not a 401K) through work. Do I have to wait until I am 59 1/2 years old to take it out without paying tax or do I still have to pay tax. If I have to pay any tax, what…

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Copyright (c) 2009 Karen Bolton Some states allow a state income tax deduction for a contribution to a 529 plan. The amount of this deduction is limited to a certain amount per donor (e.g., New York’s limit is $5,000 per donor per year). Therefore, to get the maximum state income tax deduction benefit, the donor…

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If you are one of the many investors saving for retirement and wondering how you will maintain your standard of living as your investments are not performing and the Sate looks to provide less and less this article is for you. Quite simply, most of the baby boomer generation (that’s about 70 million) people face…

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