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529 College Savings Plan
 
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If you're like me and already have children, you're probably already freaking out about how much college tuition is going to be costing you in the next five, ten, or fifteen years. I know that I have been freaking out because I've seen how much college has been going up ever since I got out. If you're in that same situation, let me introduce to you the 529 college savings plan. I am just going to share what exactly a 529 plan is. How does it work; how do you actually utilize it? What are the different types that are available to you, and then what are some of these flexibilities or benefits of using the 529 college savings plan in helping fund your kid's college education? First, what exactly is the 529 plan? First and foremost, don't get so wrapped up in the 5-2-9 numbers. Those just come from the IRS code when they came up with the name. The 529 college savings plan is a tax advantage savings and investment vehicle used purely, and I stress purely to save for your kid's college. By putting money into the college 529 savings plan, your contributions or money that you put in is all after tax. Then, whenever you go to pull that money out all the interest in the earnings that have accumulated from your contributions are completely tax free as long as you use those towards your kid's college education. Now that's important. If you end up pulling that money out for something other than college tuition or college-related expenses, you will be taxed and penalized on the interest earnings. But remember your contributions, the money that you put in are all after tax, so you can actually pull that money out at anytime and not incur any tax or penalties. If that sounds familiar it is very much like the Roth IRA, except this is purely used for college.
Views: 22430 Jeff Rose
3 Tips to making the most of your 529 savings
 
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Want to increase your chances of reaching your college savings goals? Watch our video and find out how. Learn more at http://www.nysaves.org. PROGRAM INFORMATION Investment returns are not guaranteed, and you could lose money by investing in the Direct plan. This Web site contains links to other Web sites as a convenience to users. However none of the Program; The New York State Office of the State Comptroller; the New York State Higher Education Services Corporation; The Vanguard Group, Inc.; Ascensus College Savings, Inc.; nor any of their affiliates endorses or takes any responsibility for any such Web site or for any information contained thereon, except, in each case, with respect to their own Web sites. Before investing in any 529 plan, you should consider whether your or the beneficiary's home state offers a 529 plan that provides its taxpayers with favorable state tax and other benefits that are only available through investment in the home state's 529 plan. You also should consult your financial, tax, or other adviser to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact your home state's 529 plan(s), or any other 529 plan, to learn more about those plans' features, benefits and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision. The Comptroller of the State of New York and the New York State Higher Education Services Corporation are the Program Administrators and are responsible for implementing and administering the Direct Plan. Neither the State of New York nor its agencies insures accounts or guarantees the principal deposited in those accounts or any investment returns on any amount or investment portfolio. Ascensus Broker Dealer Services, Inc., and Ascensus Investment Advisors, LLC, serve as Program Manager and Recordkeeping and Servicing Agent, respectively, and are responsible for day-to-day operations. The Vanguard Group, Inc., serves as the Investment Manager. Vanguard Marketing Corporation markets, distributes, and underwrites the Direct Plan. New York's 529 College Savings Program currently includes two separate 529 plans. The Direct Plan is sold directly by the Program. You may also participate in the Advisor Plan, which is sold exclusively through financial advisors and has different investment options and higher fees and expenses as well as financial advisor compensation. The Ascensus College Savings logo is a registered service mark of Ascensus Broker Dealer Services, Inc. Vanguard and the ship logo are trademarks of The Vanguard Group, Inc. For more information about New York's 529 College Savings Program Direct Plan, download a Disclosure Booklet and Tuition Savings Agreement or request one by calling 1-877-NYSAVES. This document includes investment objectives, risks, charges, expenses, and other information. You should read and consider them carefully before investing. The Program Administrators, the Program Manager and Vanguard, and their respective affiliates do not provide legal or tax advice. This information is provided for general educational purposes only. This is not to be considered legal or tax advice. Investors should consult with their legal or tax advisors for personalized assistance, including information regarding any specific state law requirements.
Views: 41910 NY529Direct
Education Saving Options for Your Child
 
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Education Saving Options for Your Child
Views: 35 miketraverscfp
Money Guru : Best ways to plan for children's future
 
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For the safe and bright future of children in this era of inflation, It is quite important to do proper financial planning by making investments for maximum returns. To know experts advice for proper planning, watch this full video here. Zee Business is one of the leading and fastest growing Hindi business news channels in India. The channel has revolutionized business news by its innovative programming and path-breaking strategy of making business news a 24/7 activity as it is not just limited to the stock market. This has made Zee Business your channel to wealth and profit. Besides updated hourly news bulletins, there is a lot to watch out for, whether it be stock market related detailed information, investments, mutual funds, corporate, real estate, travel or leisure. The channel has the most diverse programming portfolio which has positioned it as a channel of choice amongst viewers. By speaking a language of the masses, Zee Business is today the most preferred for business news. Some of the popular shows of Zee Business are: Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.
Views: 171302 ZeeBusiness
College Savings Options (GoodFinancialCents.com)
 
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Know that you need to save for college but aren't really familiar on what your options are? Here's a quick look on what parents can utilize to start saving for their kids college education.
Views: 1437 Jeff Rose
Money in your Pocket: 211 Saving options for education
 
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Granville Colvin, Financial Planner with Edward Jones discusses various savings and investment options for parents wanting to save for their children’s education. We’ll learn more about the 529 plan, custodial accounts, savings bonds and personal investments and which option may be the best one for you
Views: 41 weiutv
Saving Plan for College Education- College Advantage 529 Account
 
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Since 1989, the Ohio Tuition Trust Authority, a state agency within the office of the Chancellor of the Ohio Board of Regents, has been helping families save for a college education. Ohio was one of the first states to offer a Section 529 qualified tuition program. 529 plans are tax-advantaged college savings programs offered by states or eligible educational institutions and have fast become one of the most popular ways to save for college. The Tuition Trust offers and administers the CollegeAdvantage 529 Savings Program. CollegeAdvantage is offered directly through the Tuition Trust (Direct Plan) and is also offered through financial professionals (Advisor Plan). Both plans offer a wide variety of investment options in order to appeal to the diverse needs of families saving for college. There are options for risk-averse savers seeking to minimize risk and preserve principal, and options for experienced investors seeking to maximize returns by investing in domestic and international equities. The CollegeAdvantage Direct plan offers investment options from leading fund managers such as The Vanguard Group, PIMCO, GE Asset Management and Fifth Third Bank, which offers FDIC-insured savings account and CD options. Mutual fund-based investment options include age-based options that allocate your investment based on the age of your child and your risk profile, risk-based options, balanced multi-fund options, individual fixed-income (bond) and equity (stock) options. Bank options include traditional savings accounts and CDs. The CollegeAdvantage Advisor Plan is managed by BlackRock, and is available only through financial advisors. CollegeAdvantage Advisor Plan, from BlackRock offers investment choices from BlackRock, iShares, Rainier, Wells Fargo and ING Funds. Promotional Video for College Advantage 529 Savings Vital Companies Production www.vitalcompanies.com A Little Savings Today For A Big Payoff Tomorrow Our College Savings Story
Views: 266 Vital Companies
Ask the Expert: How Do I Save for My Kids’ Education?
 
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Student loan debt is crippling young Americans and preventing them from achieving financial stability right out of school. Debt.com President Howard Dvorkin explains options for saving for your children’s education so you can give them a leg up. We hope you enjoy our video, and let us know what you think in the comments below, and don't forget to subscribe to our channel - Debt.com For more information about Debt.com visit: https://www.debt.com and follow us on social media: ★ Facebook: https://facebook.com/debt.com/ ★ Twitter: https://twitter.com/debtcom/ ★Google+: google.com/+DebtDotCom
Views: 32 Debt.com
How should I start saving for my child's college education?
 
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Mark Davidson of Cornerstone Investment Management presents on local tv news about various choices for college savings funds, explaining the differences and benefits of each.
Views: 814 Cornerstone251
5 Best Investment Ideas to Get Regular Monthly Income
 
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Best investment ideas. 5 Best Investment to Get Regular Monthly Income. http://bornforentrepreneurs.com Here is ideas to get monthly income by investing. The best 5 investment ideas are Fixed Deposit in Bank, Dividend from Mutual funds, Dividend from stock market, Buy a Insurance and Invest in Post office. Best investment ideas, best investment firms, best investment plans in india, best investment company, best investment for 2016, best investment in India, best investment in the Philippines, best investment ideas in india. best investment options in India. best return on investment. best investment plans. best investment plans in India 2016. the best investment.
Views: 543298 Born For Entrepreneurs
5 minute finance ESA vs 529
 
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Part of our 5 Minute Finance series answering questions related to personal finance. This video is about Coverdell Educational Savings Accounts and 529 Plans. How they are similar and how they are different. For more information you can visit us at www.ArbogastAdvisers.com Facebook: https://www.facebook.com/ArbogastAdvi... Note: this information is intended for educational purposes only. No recommendations or advice is being given to the viewing public. Do not act on any information given to you in this video without consulting a financial professional first. Music: Airport Lounge - Disco Ultralounge by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/...) Source: http://incompetech.com/music/royalty-... Artist: http://incompetech.com/
Views: 5259 Arbogast Advisers LLC
How to Save for College - Video
 
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Sending your kids to college can be a financial planning nightmare for parents. But a college education is important, so we at DadLabs offer a few strategies on how to pay for tuition and other school expenses. Savings, financial aid, and a 529 plan are all options for financing higher education. If you start early enough, sending your children to the colleges and universities of their choice is possible. Before long, you'll be watching your kid receive their degree from their university. DadLabs Ep. 46 The Lab.
Views: 623 DadLabs
Serious Advice for Young People (18-28)
 
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I give advice to young people on your most important decade! * My Stock Market Investing Strategy link! http://amzn.to/2pvkbXK * My SnapChat is : FinancialEdSnap * My Instagram is : FinancialEducationJeremy * My Twitter Page https://twitter.com/givemethegoodz * My second favorite book on Investing http://amzn.to/2cDS2ZY * My third favorite book on Investing http://amzn.to/2cQqPDD * My favorite book on business http://amzn.to/2cfY71k * My favorite Personal Finance http://amzn.to/2ckIqUE * My favorite movie about the stock market http://amzn.to/2cQLLx1 * My favorite movie about business http://amzn.to/2cGzLcI Financial Education Channel
Views: 33750 Financial Education
Saving for Child's Education?
 
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Why Should I Save for My Child's Education? There's many ways to look at it, and one way that some of us that are financial advisers look at is that the child needs to have some responsibility, but the parents can also help contribute. And there's many ways you can look at it, but one way is called a third, a third, a third. The child, through their savings or scholarships, pays a third, a third of it comes from school loans, and the parents pay a third. And there's many ways to do that. And there's something called a, but the good thing about that is that the student has some responsibility, and possibly the parent will help with the loan if the child's successful and completes college, which also offers incentives. But the parent also needs to recognize that their top priority should be for their retirement plan. So, if they're fully funding their retirement plan, saving ten percent, and they have extra money, then they possibly should be putting some money aside. And a great plan that is available is something called a 529 Plan. And it's offered in each state, and so each state's 529 Plan is different. In Ohio, they have a very nice 529 Plan. So, first thing would be to investigate what your state has to offer, but if there's tax advantages and the money can be contributed by parents, grandparents, relatives, friends, so, not only can parents contribute, but they can get help from others.
Views: 298 geobeats
Saving for Education Fees
 
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What You need to know about Saving for an EDUCATION PLAN. I'm a licensed financial adviser, with over 25 years experience, for more information visit my website: - http://www.peterpyburn.co.za/education_plan.html
Views: 80 Peter J Pyburn
RESP - Save for a Child's Education after High School
 
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It's never too early to open an RESP and start saving for your child's education after high school. Learn how to open an RESP in three easy steps and find out about money available to you from the Government of Canada.
Views: 5119 CanLearn
Saving for Retirement vs. Education - LifeTuner
 
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Robert Brokamp, CFP®, editor of The Motley Fool's "Rule Your Retirement" service, presents a strong case for why it makes sense to put saving for retirement in front of saving for college. Learn more: http://www.lifetuner.org/save-money/ http://www.lifetuner.org/retirement-planning/ http://www.lifetuner.org/family/saving-for-education/
Views: 61 lifetuner
Saving for Child Education & Wedding
 
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Ashok Panchal - Whatsapp : ±91 7016758870
Views: 113 Be Smart with Ashok
Retirement Plans: Last Week Tonight with John Oliver (HBO)
 
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Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips. Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight
Views: 9849641 LastWeekTonight
Saving for your children’s education
 
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New to Canada? Learn how to get the most out of your savings with government incentives. Visit https://startright.scotiabank.com/ for more helpful advice.
Views: 126 Scotiabank
What is an Education Savings Account?
 
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Education savings accounts, or ESAs, are the newest, most flexible type of educational choice program. ESAs allow parents to use their children’s public education dollars in the form of a debit card to tailor their children’s education. Watch this video to learn more about how education savings accounts work. To learn which states offer families ESAs, how parents are using them and what the research says, visit our website at http://www.edchoice.org/school-choice/types-of-school-choice/education-savings-account/. Other Types of School Choice: http://www.edchoice.org/school-choice/types-of-school-choice/
Views: 4231 EdChoice
Saving for College, According to Kids
 
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Kids can be creative. Fortunately, your guess work can be over. Get started with T. Rowe Price College Savings Plan with as little as $50 per month. Learn more at http://trowe.com/2cduMVs
Views: 99375 T. Rowe Price
Episode 3 - Personal Savings
 
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Welcome to Planning Your Financial Future – the series that’s going to help you prepare for retirement. As you view this video series, use this checklist as a guide to help you start planning your financial future today. https://www.calpers.ca.gov/page/education-center/member-education/planning-your-financial-future-checklist
Views: 13469 CalPERS
Children's Education Savings Accounts
 
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The Bright Side http://brightsidetv.com/ Every kid will get a savings account with $50 or more in it that will earn interest and be available for them, family and friends to deposit into. After high school graduation the child can use the money for higher education. Lansing and Barry County are the two areas in Michigan where this is happening. If you want to learn how to start this in your area, contact the MCFE coordinator: http://mcfe.cedam.info/ Music: "Pop Star" audionautix.com
Views: 289 CEDAM
Saving and Investing
 
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Have you been thinking about better ways to save money? What about investing - have you ever considered it? Check out our new Personal Finance 120 video about "Saving and Investing" to learn more about the many options you have! Transcription: Hi, I'm Carly Cherry and welcome to personal finance 120, information for managing your financial life in less than two minutes. Today, we're going to be discussing saving and investing. Most people are aware of the many options they have, but not all know that it's important to both save and invest. While the two involve different methods, they play an equal role in securing your future. There are two primary purposes for having a savings account. First, everyone should have at least three months of living expenses in their savings account in case they experience a sudden loss of income. You’ll want to have enough in your savings account to cover all of the financially heavy events that you may or may not see coming. Second, a savings account should be used if you're looking to make a large purchase in the near future such as a car or a family vacation. In order to build savings, you have to set goals for yourself or your family. First, you'll need to think of what you and your family want to achieve financially. Make a list of everything from a more reliable car to a family vacation. Once you have your list, it's important to establish the priority of each goal and the timeframe needed to reach your goals. Figure out how much you can afford to put into savings every month and adjust your time frame based on that amount. Aside from saving, investing is also a good way for you to secure your financial future. There are many types of investment options for you. The three most popular investment options are stocks, bonds, and certificates of deposit. Stocks are securities that give you part ownership at a company depending on how many shares of that company you purchase. Stocks would be best to invest in if you want to cash them in later, once they've increased in value for a large purchase. A bond, while not ownership, is like an IOU. You make an investment and receive a specific interest rate to be paid periodically at the date of maturity, or to be reinvested. Bonds can be cashed in and used through things like education. if you plan on using them for education, visit www.IRS.gov to learn more about education savings bond programs and how you may be able to avoid paying interest on your savings bond. Unlike the debt of a bond, a certificate of deposit involves depositing money in the bank and receiving an interest rate and return for allowing them to jus money for a period of time. CDs are best used for things that aren't happening in the immediate future, since there's typically a large penalty for cash from them out early. CDs start at a six month timeline and increase from there. So, say you have money you want to invest for the purchase of a home next year, choose the best interest rate available and put that money away in a one-year CD. At the end of that year your money will be available again and you'll have earned some interest on that amount as well. While saving is something you can start without much research, be sure you fully understand the risks of investing as well as the rewards. Don’t forget to check us out on social media for more videos, articles, and tips to help you with your financial needs. Until next, time I'm Carly Cherry for Cambridge Credit Counseling.
How To Plan For Retirement
 
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"How to Plan for Retirement". A simple guide to help you retire with peace of mind. PST: Hello, its me, Professor KnowItAll... and yes, I'll be giving you the very best tips so you can retire with peace of mind... EXP: Hello Professor, are you now an expert on that topic? PST: Of course... EXP: Oh, OK, so you're all ready for retirement? PST: Of course! I'm ready! EXP: So then, you have money saved? PST: Well, not exactly but I have a plan... I will live with my kids... EXP: Living with your family during retirement can be very gratifying, but surely you don't want to be a burden on them...Did you know that people in the United States, on average, live 20 years after they retire? In general, people need almost 80% of what they earn in order to live comfortably after retiring That's a lot of money, so you'll definitely need a good plan in order to get there. OK, don't panic yet. It's never too late to start or even too early. Let me tell you what you should do so that the next time, you can give people good advice. PST: Sounds good. EXP: Professor, according to the Consumer Action Handbook, the first thing is recognizing the importance of saving for retirement. The three most common options are: One: Pension benefits, offered by some places of employment. Two: Savings and investments, started by you. Three: Social Security, which is the Federal Governments retirement plan. Now, if you're still working, find out if your place of employment offers a pension plan and how it works. Some companies also offer a 401k plan. PST: Four 01 what? I've never heard of that truck, but mine is newer... EXP: I'm not talking about vehicles here, I'm talking about retirement plans in which, if you save, your company will match a percentage of the contributions you make. PST: Oh, that's like free money. EXP: Exactly. Sometimes you impress me, Professor! In order to plan well for retirement, you must consider what types of expenses you'll have, whether you'll work or not, if you'll have additional medical insurance, or if you'll have costly hobbies, like traveling. There are many things to consider, so you may want to consult a financial expert for help. PST: Yikes, I'm feeling dizzy... EXP: Professor, you can also ask for help and get tips from the following organizations: AARP, American Savings Education Council, Department of Labor Securities and Exchange Commission, Social Security Administration PST: Ufff...I'm feeling a little better now. EXP: Professor, this is all about saving not spending... Better yet, let me remind you to visit USA.gov or in Spanish at GobiernoUSA.gov where you can learn more about all of this and other interesting topics for consumers. And remember, you can also order your free "Consumer Action Handbook "...
Views: 43965 USAgov/archive
Saving for college: 529s and Education IRAs
 
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A new report out ranks two and four year colleges on the value of their education. The study by Brookings takes into account which college graduates pay off student loans and how much earning potential they have. Both two-year schools in Brooklyn Park, Hennepin Technical College and North Hennepin Community College, fared well. At North Hennepin, 90 percent of graduates reach their earnings potential by mid-career and at Hennepin Tech, that number is up to 96-percent. Both colleges have 69 percent of graduates pay off student loans on schedule. Saving for college options It's never too late to start saving up for college. Here are some ways to consider: Minnesota College Savings Plan: 529 "Whether you have children about to graduate from high school, or time is on your side and your children are a bit younger, the sooner you start saving for college, the better," says Robert Stern, program manager for the Minnesota College Savings Plan, which is the state's official 529 plan. "Every dollar you have to save is one less than you have to borrow. It's better to get started at any age, whatever works." The Minnesota College Savings Plan can be set up online through a simple process. You only need $25 minimum and the future college student's social security number to begin saving. "It's all a part of a puzzle," says Stern. "There's work study, merit based scholarships, and private schools have endowments. Saving for college is just part of the puzzle, but it's an important piece." Education IRA Nicole Middendorf with Prosperwell Financial urges clients to think about using an Education IRA, also called Coverdell ESA. "The biggest thing is to save early and save as much as you can," says Middendorf. "Use the Education IRA which works much like a Roth IRA. You are able to put $2,000 per year child away until they reach age of 18 with the caveat that it must be out when the child reaches 30 and it must be used for higher education." Middendorf also recommends sharing with family and friends the need for saving for college. Instead of spending birthday money on toys, encourage putting that money into a savings fund for college. "If you have kids or grandkids rather than give them a toy, give the gift of money that can be put into an Education IRA or a 529 plan," says Middendorf. Uniform Gift to a Minor (UGMA, formerly UTMA) Another option is the Uniform Transfers to Minors Act (UTMA), now called Uniform Gift to a Minors Act (UGMA). This is simply a way for minors to own property or securities. Monies invested do not have to be used toward higher education and the minor assumes control of the account when he or she reaches the age of 21. Shannon Slatton, reporting http://www.ccxmedia.org https://www.facebook.com/ccxmedia.org/ http://www.facebook.com/12localsports http://twitter.com/ccxsports http://twitter.com/ccxnews Learn about our mobile app - http://bit.ly/CH12app Channel 12 is on Comcast cable in the northwest suburbs of Minneapolis and includes the cities Brooklyn Center, Brooklyn Park, Crystal, Golden Valley, Maple Grove, New Hope, Osseo, Plymouth and Robbinsdale.
Views: 260 CCX Media
College Advantage 529 Savings Plan- The Better Way To Save For College
 
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Since 1989, the Ohio Tuition Trust Authority, a state agency within the office of the Chancellor of the Ohio Board of Regents, has been helping families save for a college education. Ohio was one of the first states to offer a Section 529 qualified tuition program. 529 plans are tax-advantaged college savings programs offered by states or eligible educational institutions and have fast become one of the most popular ways to save for college. The Tuition Trust offers and administers the CollegeAdvantage 529 Savings Program. CollegeAdvantage is offered directly through the Tuition Trust (Direct Plan) and is also offered through financial professionals (Advisor Plan). Both plans offer a wide variety of investment options in order to appeal to the diverse needs of families saving for college. There are options for risk-averse savers seeking to minimize risk and preserve principal, and options for experienced investors seeking to maximize returns by investing in domestic and international equities. The CollegeAdvantage Direct plan offers investment options from leading fund managers such as The Vanguard Group, PIMCO, GE Asset Management and Fifth Third Bank, which offers FDIC-insured savings account and CD options. Mutual fund-based investment options include age-based options that allocate your investment based on the age of your child and your risk profile, risk-based options, balanced multi-fund options, individual fixed-income (bond) and equity (stock) options. Bank options include traditional savings accounts and CDs. The CollegeAdvantage Advisor Plan is managed by BlackRock, and is available only through financial advisors. CollegeAdvantage Advisor Plan, from BlackRock offers investment choices from BlackRock, iShares, Rainier, Wells Fargo and ING Funds. Video to promote College Advantage 529 Savings Plan Vital Companies Production The Gore Family- The Family That Saves Together Tax Deductible www.whatisa529.com
Views: 568 Vital Companies
Registered Education Saving Plan for Kids
 
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Life Care Insurance company offers RESP Plans for Canadian Kids for their post secondary Education
Views: 174 Saurabh Rattan
post office savings scheme 2018 Hindi ! PPF(Public Provident Fund) Scheme !
 
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post office savings scheme 2018 Hindi ! PPF(Public Provident Fund) Scheme ! अधिक जानकारी के नीचे दिये गये लिंक पर जाये। https://www.mybestscheme.com इस विडियों में आपको Post Office की Best Scheme के बारे में जानकारी मिलेगीं. इस विडियों में मै आपको ऐसी Scheme के बारे बताउगा की 1.5 लाख जमा करने पर आपको 43 लाख रुपये मिलेगें।
Views: 7272372 VP WORLD
College Savings: 529 Plans & Roth IRAs
 
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529 plans are a great education savings option, but for new parents, college is 18 years away. A Roth IRA may help you to mitigate your risk and pursue multiple goals. Kevin Mahoney is the founder & CEO of Illumint, which offers fee-only financial guidance specifically for the millennial generation. For more info, check out illumintadvisors.com. You also can connect with Kevin on: INSTAGRAM http://instagram.com/illumint FACEBOOK https://www.facebook.com/illumintadvi... TWITTER https://twitter.com/illumintCEO YOUTUBE http://www.youtube.com/illumint Video Transcript: Hey everyone! I’m at Cardozo High School in Washington, D.C., today to talk a little bit about 529 plans, and one common scenario in which you may be better off taking a slightly different approach to education savings. 529 plans are a great education savings option. You may have heard already that they can qualify you for a state income tax deduction. But there are other advantages, too: They’re easy to set up. You don’t need to pay a fee to some large financial corporation in order to start contributing. Unlike some other college savings options, people aren’t prohibited from opening an account if their income exceeds a certain threshold. Plus, any of your friends and family can contribute, too! You can use the funds tax free for education expenses ranging from kindergarten all the way to grad school. And you can use the funds for room and board -- not just tuition & fees. For financial aid purposes, a 529 plan is considered a parent asset, not a child asset -- which means a smaller percentage of the account value factors into how a school calculates your financial aid package Finally, you can change the beneficiary to another immediate or extended family member at any time if, for example, your oldest child doesn’t end up needing the funds. This last advantage raises an important point. For new parents, college is 18 years away. How do you know that your child won’t receive a scholarship? Or that our education system won’t fundamentally change in some way? Sure, if we all had unlimited income, there wouldn’t be much downside to funding a 529 plan. But given that we struggle to save for retirement already, it’s a little risky to set aside limited funds for a relative unknown. Here’s where you might think about education savings differently, and turn your attention to a Roth IRA. Like a 529, Roth earnings also grow tax free. But unlike a 529, you can withdraw your contributions at any time and for any reason, without taxes or penalties. On top of that, there’s no penalty for withdrawing any *earnings* to pay for the same qualified education expenses. You’ll still owe some taxes, but you’ve gained the flexibility to use your investment for school and/or retirement. Remember: a Roth IRA doesn’t need to fully replace a 529 plan if you’re set on saving for future education expenses (and there are reasons why it shouldn’t). But it’s an alternative that looks out for both your kids and you. Required Disclosure: The information on this site is provided “as is” and without warranties of any kind either express or implied. To the fullest extent permissible pursuant to applicable laws, Illumint disclaims all warranties, express or implied, including, but not limited to, implied warranties of merchantability, non-infringement and suitability for a particular purpose. Illumint does not warrant that the information will be free from error. None of the information provided on this website is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information is at your sole risk. Under no circumstances shall Illumint be liable for any direct, indirect, special or consequential damages that result from the use of, or the inability to use, the materials in this site, even if Illumint or a Illumint authorized representative has been advised of the possibility of such damages. In no event shall Illumint have any liability to you for damages, losses and causes of action for accessing this site. Information on this website should not be considered a solicitation to buy, an offer to sell, or a recommendation of any security in any jurisdiction where such offer, solicitation, or recommendation would be unlawful or unauthorized.
Views: 58 Kevin Mahoney
Saving Schools: History, Politics, and Policy in U.S. Education | HarvardX on edX | About Video
 
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Take this course for free on edX: https://www.edx.org/course/saving-schools-history-politics-policy-u-harvardx-1368-4x Mini-Course IV: School Choice About this Course This is the fourth in a sequence of four mini-courses, releasing on February 9th, 2015. This mini-course focuses on alternatives to public schools in the United States. There has been a rapid expansion of school choice in U.S. education. Charter schools now serve over five percent of the public school population, voucher programs have been introduced in many states, and digital education has captured the attention of educators across the country. What is the theoretical basis for these innovations? How effective are the early initiatives? How do parents decide what is best for their children? And how do all of these options affect the students who remain in traditional public schools? With the help of several scholars and participants in these new ventures, we will discuss the ways in which these school choice initiatives are re-shaping U. S. education. The mini-course contains five lectures, with most lectures divided into three videos. The mini-courses also include assigned readings, discussion forums, and assessments. Enroll in Saving Schools: History, Politics, and Policy in U.S. Education, Mini-Course IV: School Choice from Harvardx at https://www.edx.org/course/saving-schools-history-harvardx-1368-4x
Views: 7608 edX
Stossel: Saving Kids From Government Schools
 
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Success Academy's Eva Moskowitz has demonstrated that more choice in education yields incredible outcomes. ---------------- Subscribe to our YouTube channel: http://youtube.com/reasontv Like us on Facebook: https://www.facebook.com/Reason.Magazine/ Follow us on Twitter: https://twitter.com/reason Subscribe to our podcast at iTunes: https://goo.gl/az3a7a Reason is the planet's leading source of news, politics, and culture from a libertarian perspective. Go to reason.com for a point of view you won't get from legacy media and old left-right opinion magazines. ---------------- It's school choice week! What's that? It's a week about giving parents and kids a choice of schools, so they aren't stuck in failing, government-run schools. John Stossel says amazing things happen at some of these alternatives. He visited one school where the kids like learning. Reading is "rockin' awesome," one kid tells John. That school was created by Eva Moskowitz. Her "Success Academy" now runs 46 charter schools that teach more than 15,000 students. As a charter, she has more freedom to innovate. Her school gets amazing results: 95% of kids pass the state math test, and 84% pass English. At all NYC government schools only 38% and 41% pass. Despite her success with kids, she receives nasty criticism. New York Mayor Bill DeBlasio shouts "it's time for Eva Moskowitz to stop having the run of the place!" Critics say that she only takes the best kids. But that's false. The kids are selected by a random lottery. Critics say she pushes difficult kids out of her school to increase her results. That's also false; her schools have a lower drop-out rate than public schools. John Stossel gives Success Academy, and school choice, an A! Reason is a proud media partner of National School Choice Week, an annual event promoting the ability of parents and students to have greater options in K-12 education. Go here [ http://schoolchoiceweek.com ] to get more information about events and data about how increasing school choice–charters, vouchers, educational savings accounts, and more–is one of the best ways to improve education for all Americans. For a constantly updated list of stories on education, go to Reason's archive page on National School Choice Week. Produced by Maxim Lott. Edited by Joshua Swain.
Views: 31075 ReasonTV
NC 529 Plan: How early should you start saving?
 
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Watch more NC 529 Plan videos on saving for college: https://www.youtube.com/playlist?list=PLiFGBEf0h3BAx0onnBtg4qHAaaJIYeS5A http://www.nc529.org Subscribe to our YouTube Channel and be the first to see our latest tips on saving for college: https://www.youtube.com/channel/UCFqV-c7AF60-puRNgJbbefQ OTHER NC 529 CHANNELS Facebook: http://www.facebook.com/NC529Plan Twitter: http://twitter.com/MyNC529 Pinterest: https://www.pinterest.com/nc529/nc-529-college-savings-plan/ Website: http://www.CFNC.org Toll-free Phone support: 866-866-CFNC(2362) ABOUT THE NC 529 PLAN The NC 529® Plan gives you a tax-advantaged, straightforward way to start putting money aside for your child’s college future right now. With easy online or paper enrollment, you can start saving with as little as $25. Make future contributions regularly or periodically – your choice. Other family and friends can contribute too. North Carolina’s National College Savings Program (also called “NC 529 Plan”) is a program of the State of North Carolina. The program is maintained by the North Carolina State Education Assistance Authority as a qualified tuition program under federal tax law, and is administered by College Foundation, Inc. The NC 529 Plan is open to residents of any state. Account earnings are free from both federal and North Carolina income taxes when used to pay for qualified higher education expenses at virtually any college, anywhere in the country. Account owners enroll directly, without having to use brokers or financial advisors, and make their own investment choices from a variety of investment options. There are no enrollment fees or sales charges. Sign up for an NC 529 Plan today at http://www.nc529.org QUESTIONS? — [email protected] (for questions about careers, academic planning, or admissions) — [email protected] (for questions about financial aid, saving for college, or education loans) — CALL TOLL-FREE: 1-866-866-CFNC (2362) — OR MESSAGE US YOUR QUESTION ON FACEBOOK OR TWITTER! Facebook: http://www.facebook.com/NC529Plan Twitter: http://twitter.com/MyNC529
Investing For Beginners | Advice On How To Get Started
 
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FREE COURSE To Start Your Online Business: http://projectlifemastery.com/freecourse?utm_source=youtube.com&utm_medium=social&utm_campaign=youtube+videos&utm_term=investing+for+beginners&utm_content=youtube+description In this video, Stefan talks about investing for beginners, and gives advice on how to get started. In particular, he highlights five investment success principles. When Stefan was 18 years old, he read a finance book called, "The Wealthy Barber”, by David Chilton. After reading this book, he realized that the most important thing that he could do was to start investing as soon as possible. The earlier you start investing, the sooner you can make mistakes and learn from them, and you have a higher risk tolerance. Stefan started from nothing, and has been able to build himself up to a millionaire, at 30 years old. Are you ready to invest in your future? It will be one of the best decisions you make! ★☆★ VIEW THE BLOG POST: ★☆★ http://projectlifemastery.com/investing-for-beginners/ ★☆★ SUBSCRIBE TO ME ON YOUTUBE: ★☆★ Subscribe ► http://projectlifemastery.com/youtube ★☆★ FOLLOW ME BELOW: ★☆★ Blog ► http://www.projectlifemastery.com Twitter ► http://www.projectlifemastery.com/twitter Twitter ► http://www.twitter.com/stefanjames23 Facebook ► http://www.projectlifemastery.com/facebook Facebook ► http://www.facebook.com/stefanjames23 Instagram ► http://projectlifemastery.com/instagram Instagram ► http://www.instagram.com/stefanjames23 Snapchat ► http://projectlifemastery.com/snapchat Periscope ► http://projectlifemastery.com/periscope iTunes Podcast ► http://www.projectlifemastery.com/itunes ★☆★ MY PRODUCTS & COURSES: ★☆★ Morning Ritual Mastery ► http://www.morningritualmastery.com Affiliate Marketing Mastery ► http://www.affiliatemarketingmastery.com Kindle Money Mastery ► http://www.kmoneymastery.com 24 Hour Book ► http://www.24hourbook.com Kindle Optimizer ► http://www.koptimizer.com ★☆★ WANT TO BE COACHED BY ME? ★☆★ You can apply for my 1-on-1 and group coaching programs here: http://projectlifemastery.com/coaching ★☆★ RECOMMENDED RESOURCES: ★☆★ http://www.projectlifemastery.com/resources If you found this video valuable, give it a like. If you know someone who needs to see it, share it. Leave a comment below with your thoughts. Add it to a playlist if you want to watch it later.
Views: 806304 Project Life Mastery
Saving for Education with RESPs - Marcel LeBlanc
 
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Here's how a Registered Education Savings Plan (RESP) can help you save for your children's education.
Views: 76 Marcel LeBlanc
Money and Finance: Crash Course Economics #11
 
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So, we've been putting off a kind of basic question here. What is money? What is currency? How are the two different. Well, not to give away too much, but money has a few basic functions. It acts as a store of value, a medium of exchange, and as a unit of account. Money isn't just bills and coins. It can be anything that meets these three criteria. In US prisons, apparently, pouches of Mackerel are currency. Yes, mackerel the fish. Paper and coins work as money because they're backed by the government, which is an advantage over mackerel. So, once you've got money, you need finance. We'll talk about borrowing, lending, interest, and stocks and bonds. Also, this episode features a giant zucchini, which Adriene grew in her garden. So that's cool. Special thanks to Dave Hunt for permission to use his PiPhone video. this guy really did make an artisanal smartphone! https://www.youtube.com/watch?v=8eaiNsFhtI8 Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen, Moritz Schmidt, Today I Found Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 623246 CrashCourse
Money Savers: 529 College Savings Plan
 
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Once students are back in school with a fresh outlook on the year ahead, it’s time to take another look at saving for college. “Higher education expenses have been on the rise for some time. Higher education debt is almost double what the nation’s credit card debt is,” says Jim Mandler with the Minnesota College Savings Plan. “Any kind of savings is good savings.” Signing up for the Minnesota College Savings Plan takes less than 20 minutes and can be done on the website mnsaves.org You can open a 529 account for your child or grandchild for only $25 and you can also choose how you want your money invested, with eleven different investment options. The Minnesota College Savings Plan can be used at any accredited school, whether in Minnesota or not. It can also be used for technical school or even saved up for graduate school. At the school itself, money can be used to pay for not only tuition, but also room and board or books and supplies. “The earlier you start saving, the earlier you can grow that nest egg,” says Mandler. Shannon Slatton, reporting http://www.ccxmedia.org Learn about our mobile app - http://bit.ly/ccxmedia http://twitter.com/ccxsports http://twitter.com/ccxnews https://www.facebook.com/ccxmedia.org/ CCX Media is on Comcast xfinity and CenturyLink prism in the Northwest Suburbs of Minneapolis and includes the cities Brooklyn Center, Brooklyn Park, Crystal, Golden Valley, Maple Grove, New Hope, Osseo, Plymouth and Robbinsdale.
Views: 82 CCX Media
5 tips for saving for your child's education in Dubai
 
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Here are 5 things you can do to save money for your child's education!
Views: 175 ServiceMarket
Education Savings Accounts Helping Families in Arizona
 
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The Yellowhairs' story shows how Arizona Empowerment Scholarship Accounts give parents more options and enable Navajo kids to thrive in the classroom.
Start Saving for College Today
 
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Not sure if you can fit savings into your monthly budget? Listen to other families who have had positive experiences with savings. MEFA — the Massachusetts Educational Financing Authority — is a not-for-profit state authority that has been working for 30 years to make higher education more accessible and affordable through community education programs, 529 and prepaid college savings plans, and low-cost college loans. Learn more about all the ways we help families plan, save, and pay for college at www.mefa.org.
RETIREMENT IS A SCAM!? (The TRUTH About Traditional Retirement Accounts)
 
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Matthew Pillmore is joined by Nick Fortune to show the math behind a traditional retirement account (like a 401k) and just how much of YOUR MONEY is being taken from you in taxes. You may be thinking that these accounts were tax free... Not even close! After you see today's episode you may even think of these retirement accounts as a total scam - the numbers just don't lie. You've been taught that in order to retire you need traditional retirement accounts to do so. Options like a 401k are pushed onto you by the company you work for and just seem to be the best path to retirement. What you haven't been taught is just how much the government makes off of you when you have these accounts. Don't forget to sign up TODAY for your exclusive one on one consultation at: http://www.FreeCoachingCalendar.com Our coaching costs can change with demand. To see our current pricing please watch this video: https://www.youtube.com/watch?v=HbVLmCvFjoI If you are interested in learning more or getting in touch with Nick, please e-mail us! EMAIL: [email protected] SUBJECT: I.B.C. INCLUDE: Contact Information / Direct Phone Number Check out this video if you want to dig deeper into the infinite banking concept: https://www.youtube.com/watch?v=5R0t3MbiUPY Recent videos with Nick Fortune: https://www.youtube.com/watch?v=8Mv_k11Uzx4 https://www.youtube.com/watch?v=KqGOWdVg_60 https://www.youtube.com/watch?v=KKZJI3fSBis https://www.youtube.com/watch?v=Hl8R2Kvnqcc Want more actionable financial tips and tricks like this one? Check out our YouTube channel here https://www.youtube.com/channel/UC45hHuqWfdi7TIZg0RDG9_g Make sure to check out our social channels for more insight and industry news! Facebook - https://www.facebook.com/VIPFinancialEducation/ Twitter - https://twitter.com/VIPFinancialEd LinkedIn - https://www.linkedin.com/in/vipfinancialed/ BBB A+ Rating - https://www.bbb.org/denver/business-reviews/financial-services/vip-enterprises-llc-in-westminster-co-90024254/ Complimentary Services and Products mentioned in our videos are available for a limited time only and are not guaranteed at the viewing of this video. VIP Financial Education provides resources for educational purposes only. Our education is not a substitute for Legal, Tax, or Financial advice and results vary. VIP Financial Education encourages viewers to do their homework before taking any financial action. VIP Enterprises, LLC may from time to time earn commissions by recommending various products, services, and programs.
Views: 14823 VIPFinancialEd
How to Open IRA for a Child
 
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How to Open IRA for a Child ... Learn more at: https://www.sunwesttrust.com/news/how-to-open-ira-for-children.html How old do you have to be to have an IRA? Unlike other investments, anyone can invest in an IRA as long as they have W-2 income. If you own a business, consider featuring your child in an advertisement or some other light work, in order to pay your minor IRA earned income. It may be easier to keep a guardian IRA account at a bank or brokerage house until you earn enough for a self directed IRA. If your child is a teenager, encourage them to earn money working at a job, so they can receive a W-2. How to Open IRA for Kid If your child is like most children, they may have you wondering how to open IRA for child who would rather spend the money that they earn. The great thing about a child IRA account is that anyone can fund it as long as the child has a W-2, so they can still enjoy the money that they earn! The only minor IRA contribution limit to keep in mind is that it may not be greater than the amount that they earn, and that it’s within the regular contribution limit for the year. Once you’ve decided who to open IRA with, the parent needs to provide their photo ID, and any signatures on the IRA documents until the child turns 18. Learning how to open Roth IRA for child education gives your kids a great head start in life, because the compound interest creates a very valuable account for a relatively little amount of funding. With an IRA children are given a powerful tool to get them started learning the value of saving money! So now that you’ve found out how to open up IRA in your children’s future, give them the gift of financial stability!
Views: 9361 sunwestira
The Case Against Education: Government Spending $1 Trillion a Year on Schooling Is a Waste of Money
 
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Economics professor Bryan Caplan makes the case against education. ---- Subscribe to our YouTube channel: http://youtube.com/reasontv Like us on Facebook: https://www.facebook.com/Reason.Magaz... Follow us on Twitter: https://twitter.com/reason Subscribe to our podcast at iTunes: https://goo.gl/az3a7a Reason is the planet's leading source of news, politics, and culture from a libertarian perspective. Go to reason.com for a point of view you won't get from legacy media and old left-right opinion magazines. ----- "It's absolutely true that school makes people show up, sit down, shut up and that these are useful skills for people to have in adulthood, " says Bryan Caplan, a professor of economics at George Mason University, who blogs at EconLog, and is the author of the new book The Case Against Education: Why the Education System Is a Waste of Time and Money. "So the real question is if all we're trying to do is prepare people for a job, why not prepare them with a job?" Caplan argues that schools are not only overpriced, but that traditional education fails to prepare students with job skills that reflect the needs of the labor market. Reason's Nick Gillespie sat down with Caplan to make the case that the government needs to spend so much on education if it isn't relevant to our success in getting a job and earning higher wages. Reason is a proud media partner of National School Choice Week, an annual event promoting the ability of parents and students to have greater options in K-12 education. Go here [http://schoolchoiceweek.com] to get more information about events and data about how increasing school choice--charters, vouchers, educational savings accounts, and more—is one of the best ways to improve education for all Americans. For a constantly updated list of stories on education, go to Reason's archive page on "school choice". Interview by Nick Gillespie. Edited by Alexis Garcia. Camera by Meredith Bragg and Mark McDaniel. AM Trans by Podington Bear is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/3.0/) Source: http://freemusicarchive.org/music/Podington_Bear/Electronic_1224/Am-Trans Artist:https://www.youtube.com/audiolibrary/music Mimas by Sounds Like An Earful is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/) Source: https://soundslikeanearful.bandcamp.com/album/sono-sanctus-creative-commons Artist: https://soundslikeanearful.bandcamp.com/
Views: 31312 ReasonTV
Tax saving tips for high income earners - minimize your tax liability
 
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http://www.financialheathmentor.com - Hopefully these tax saving tips will help high income earners realize the power of a home based business. It's extremely difficult to get ahead in today'e economy when you're burdened with excessive taxes. As for building generational wealth...you can forget about it if you don't have an answer to minimize your taxes. If you don't already have a home based business of your own consider partnering with the Financial Health Mentor and start your very own business in the financial education space. By doing so you'll get personal guidance on how to use the tax code to build wealth in your own personal finances, receive coaching on how to earn commissions for teaching these strategies to other high income earners looking for tax saving tips. click here to learn more https://www.financialhealthmentor.com Connect on other social media platforms https://www.facebook.com/financialhealthmentor https://www.twitter.com/cortezspringer https://www.instagram.com/financialhealthmentor https://youtu.be/AOYMx8LUepw
What are ESAs?
 
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This animated video explains what an Education Savings Account is and how it creates more education options for families.
Save for Your Child's College with NC 529 Plan
 
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Saving for your child's college but worrying how to pay for it all? Learn how to get started with North Carolina's 529 Savings Plan and take the right steps to college savings. Subscribe and be the first to see our tips on saving and paying for college: https://www.youtube.com/channel/UCFqV-c7AF60-puRNgJbbefQ Find NC 529 Online: Facebook: http://www.facebook.com/NC529Plan Twitter: http://twitter.com/MyNC529 Pinterest: https://www.pinterest.com/nc529/nc-529-college-savings-plan/ Web: http://www.nc529.org If you dream of a college education for your child but worry about paying for it, relax! Take the right steps to college savings. — First, go to NC529.org. — Next, open an NC 529 account and deposit as little as $25. — Then, add to it as you can as your kids grow and that college dream becomes reality. To get started, give us a call or visit NC529.org and step on it! ABOUT THE NC 529 PLAN: North Carolina’s National College Savings Program (also called “NC 529 Plan”) is a program of the State of North Carolina. The program is maintained by the North Carolina State Education Assistance Authority as a qualified tuition program under federal tax law, and is administered by College Foundation, Inc. The NC 529 Plan is open to residents of any state. Account earnings are free from both federal and North Carolina income taxes when used to pay for qualified higher education expenses at virtually any college, anywhere in the country. Account owners enroll directly, without having to use brokers or financial advisors, and make their own investment choices from a variety of investment options. There are no enrollment fees or sales charges. #collegesavings #NC529 #SavingTip