Month: January 2016

Plan your 529 account withdrawals

January is the start of a new college semester, and parents and grandparents may want a refresher course on 529 college savings plan withdrawals. Here are two things to consider. Qualified withdrawals are tax-free. “Qualified” withdrawals are those you use…

Clean your financial house for the new year

“Auld Lang Syne” has been sung, the twinkling lights have been returned to the attic, and the inflatable Santa Claus is safely ensconced in a plastic bin in the garage. Now you’re ready to tackle a new year. To get…

Congress renews expired tax breaks

You’re probably familiar with tax provisions that expire on an annual basis, also known as “extenders.” In mid-December 2015, Congress renewed the extenders that expired last year. But this time, the extender renewal went further than making the breaks retroactive…