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Posts Tagged ‘economy’
3 Reasons to Fund a 529 College Savings Plan
1) College is Expensive
According to the College Board the average tuition for a 4 year private education is $39,518 per year. The average cost of a 4 year in- state public education is $17,860. Either way, it’s a lot of money.
3 Easy Ways to Financially Help Your Children or Grandchildren
Do your children or grandchildren need some financial assistance?
Here are 3 Easy Ways to help them:
1) Make a Loan
Parents and grandparents can loan to their child or grandchild. If this is the approach taken, a formal loan agreement should be drawn up. This should include interest and the repayment terms. The Internal Revenue Service ("IRS") will require a minimum amount of interest to be … Continue reading »
Connecticut Joins Pact on Employee Misclassification Initiative
The misclassification of employees as independent contractors, presents a serious issue for affected employees, employers, and to the economy. Misclassified employees are often denied access to critical benefits and protections such as family and medical leave, overtime, minimum wage and unemployment insurance. Employee misclassification as independent contractors, also generates substantial losses to the Treasury and the Social Security and Medicare funds, as well as to … Continue reading »
4 Reasons to do a Roth Conversion
A Roth Conversion is when funds are taken out of an IRA and converted into a Roth IRA. This conversion results in taxable income. Here are 4 Reasons to do a Roth Conversion:
4 Reasons to be as Grateful Every Day as Thanksgiving
This Thursday we celebrate Thanksgiving. If you live in the Greater Hartford area your day might look like this:
- Running in the Manchester Road Race
- Watching the Macy's Thanksgiving Day Parade
- Watching the Football Games on TV
- Settle in for Turkey and all of the trimmings
