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What You Need to Know About 529 College Savings Plans

Wealth Dimensions
Wealth Dimensions
June 21, 2017  No Comments
graduation cap and diploma

A 529 plan is a tax-advantaged education savings vehicle operated by a state, state agency or educational institution that enables families to set aside funds for future college expenses. Authorized by Congress in 1996, 529 plans, or “qualified tuitions plans,” are named after Section 529 of the Internal Revenue Code which governs these Full Article

Saving Dollars Now Can Change Your Future

Wealth Dimensions
Wealth Dimensions
April 4, 2016  No Comments
Saving money dollars

It’s easy to fall into the habit of spending a few extra dollars here and there without really thinking about it. With small amounts, we often believe that it’s not really going to make a huge difference in our budget or saving toward our financial plan. Of course, we continue to spend a little more Full Article

Flexible Options for Student Loan Payments

Doug Loftus, CFP®
Doug Loftus, CFP®
August 6, 2013  No Comments

With over $1 Trillion in outstanding student loan debt, graduates are feeling the pain of repayment.  Most graduates are unaware of the potential relief available under the Income-Based Repayment Plan offered to students with loan payments their incomes cannot support. The program limits payments to 15% of discretionary income based on income Full Article

Fiscal Cliff Act Summary

Wealth Dimensions
Wealth Dimensions
January 10, 2013  No Comments

Journal of Accountancy Pulling back from the “fiscal cliff” at the 13th hour, Congress on Tuesday preserved most of the George W. Bush-era tax cuts and extended many other lapsed tax provisions. Shortly before 2 a.m. Tuesday, the Senate passed a bill that had been heralded and, in some quarters, groused about throughout the preceding Full Article