September 13, 2010

4 Ways to Save For College & Save on Taxes

Sep 13 2010

Many clients want to better understand what options they have to fund future college expenses for their children or grandchildren and there are several options available to you that help can you save on taxes as well.

Below are 5 possible ways to start funding a child’s or grandchild’s college education.

1. 529-College Savings Plan—These plans are state sponsored but the money can be invested in any state plan. The advantage to “529” college saving plans allows the investments to grow tax-free, as long as they are used for approved education expenses that includes tuition, room and board, travel …

Understanding Your Options With Medigap

Sep 13 2010

Medigap policies come in many flavors. If you’ve done any reading in this area at all, you’ve probably come to realize that the whole thing is a messy alphabet soup… and it’s really, really hard to figure it all out. If you want more details on the choice between Medigap and Medicare Advantage plans, see the article Medicare Supplements versus Medicare Advantage Plans.

What I’ve done here is to pull together a resource that may be helpful as you consider your options for a Medigap plan.

The ABC’s

Plan A covers:

Medicare Part A coinsurance hospital costs up to

What’s the Big Deal About the F Word?

Sep 13 2010

Congress recently passed the long debated 2,300 page Financial Reform bill, created in response to the abuses leading up to the recent financial crisis. “Sweeping” is an understatement for this bill, as it not only creates new agencies with broad powers, it includes some 243 rules that have yet to be fleshed out.

The biggest thing to come out of the bill is the creation of the Bureau of Consumer Financial Protection, which will have a $550 million budget (the FDA budget is $784 million by reference) to oversee any number of financial products such as mortgages and credit cards. …

Archive - September 13, 2010

The ABC’s