Posts Categorized: Education
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 decl...READ MORE
How to Avoid Scams Targeting The Elderly
Last week I missed a phone call on my cell phone. I called back and I heard, “Hello, this is the IRS.” I hung up immediately. The IRS will NEVER call on the phone; neither will SoCal Edison or SoCal Gas. These are scams designed to trick the elderly. In this technological age, we need to be extr...READ MORE
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 In other words, contributions grow tax-free and earnings won’t be taxed when withdrawn for QUALIFIED EXPENSES.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 ...READ MORE