graduation

Beware of Scholarship Scams

Figuring out how to pay for college is stressful for most parents and may be out-of-reach for some families. My husband and I have three college-bound teenage daughters, and our oldest will be attending St. Lawrence University in New York this year. Tuition, books, and room and board will exceed $70,000 annually, not including countless round-trip flights […]

Uncle Sam

Is That Really Your Money?

When you look at your monthly brokerage statement, you see the values and what has happened in your account over the last 30 days.  It’s pretty simple math: “You started there, you finished here, and what happened to cause the changes—dividends (increase), market gains (increase), market decline (decrease), and withdrawals and fees (decreases).  But we are not[…..]

education books

529 Plan – What are Qualified Expenses?

The main tax advantage of a 529 Plan (in a state-sponsored college savings plan) is that distributions for qualified expenses are tax-free. In other words, contributions grow tax-free and earnings won’t be taxed when withdrawn for QUALIFIED EXPENSES.  In certain states, you may also benefit from a State tax deduction when contributing to a 529 Plan, unfortunately[…..]