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New Law; 529 Plans & Roth IRAs
Advertisements One of the biggest reasons parents hold back on funding their child’s 529 College Savings Plans is the fear of overfunding it. They are afraid that they will be locking up money that can only be used for education. What if their child doesn’t go to college? The horror if their child gets a…
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Millionaire Traits
Advertisements We recently took a trip to celebrate my best friend from college at her 40th birthday party. It was a special occasion and I very much looked forward to spending time celebrating my gorgeous friend. I bought a new dress for the party, we bought our airline tickets and stayed with Mr. Moneyaire’s old…
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I Bonds Won’t Make You Rich
Advertisements I’ve been receiving a lot of positive feedback from folks about my articles on I Bonds. I am delighted something I wrote has helped people! However, let’s take a step back and review because I Bonds won’t make you rich. I don’t think I’ve gone a day in the last 5 months without seeing…
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15 Answers to 529 Plan Questions
Advertisements I have helped several families open 529 plans now and these are answers to 15 529 plan questions I get most often. The hardest part of a 529 plan is opening it. Hope this frequently asked questions post helps you get that 529 plan open! 1. Should I open a 529 plan with my…
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15 Ways to Save Money
Advertisements We are pretty frugal. We like to save money. Our friends and family have stories about how we’ve tried to save a buck or two over the years. This wasn’t always the case, though. Early in our marriage, although we had great jobs, we were just at the beginning of our earning potential. We…
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Fido Costs a Fortune
Advertisements About a year into being married we almost got a dog. Mr. Moneyaire had his heart set on getting a Shiba Inu – it was even his phone’s background. I, however, did not want a pet. There were several reasons: first, Fido costs a fortune and they need lots of attention and care, and…
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Asking for 529 Gift Contributions
Advertisements The Illinois Bright Start Direct-Sold College Savings Plan is a great way to save for college. If you live in Illinois or several other states, it’s probably the best 529 plan option out there. To read up on it and to open one, check out this post. Allowing family and friends to make 529…
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529 Plans!
Advertisements Opening a 529 plan is one of the best investments you can make for your child. In a 529 plan money grows tax free and can be used tax free for educational expenses. Also, in many states you can also claim a tax deduction or credit on state income taxes. Opening a 529 plan…
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