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Retirement account penalties can be costly
Accessing retirement accounts before age 59½ can prove costly, usually resulting in a penalty of 10 percent of the amount withdrawn. While many savers do not intend to tap into ... -
Improving your child's financial literacy
Younger generations face an uphill financial battle and federal agencies have begun to take notice. Recently, the U.S. Consumer Financial Protection Bureau outlined recommendations for financial education for grades K-12. ... -
Tough choices for funding college tuition
With tuition costs increasing significantly each year, paying for college gets further out of reach for most parents. Public or state institutions often provided a more affordable alternative to private ... -
Tips for new college grads to tackle financial challenges
As college seniors wrap up final exams and prepare for graduation, the realities of life after college begin to set in. From securing a job and addressing student loans to ... -
Annual gifting can aid estate planning
The annual gift tax exclusion is a simple yet effective tool for reducing estate taxes. In fact, according to IRS statistics for last year, more than $9 billion dollars was ... -
Tackling the college conundrum
Each spring, students and parents put the finishing touches on their college plans for the fall. After deciding which schools to attend, the next challenge is deciding how to pay ...
