Financial Planning News
Rules Loosen for 529 Plan Investment Changes
The year 2008 will be remembered as a year of steep investment losses for hard-working Americans trying to save for retirement, college and financial peace-of-mind. But luckily the Treasury Department and the Internal Revenue Service are working to help out savers in 529 plans. A January 7, 2009 ruling by the Treasury Department and the [...]
Have Your Funds Lost Money But You Still Owe Taxes?!!
Every tax season at least a few unsuspecting taxpayers receive a 1099-DIV with taxable capital gains. This tax year, the pain of that unexpected taxable capital gain income could be even worse since the value of most mutual funds significantly decreased in 2008. So how can you possibly owe capital gain taxes when you’ve already [...]