College savings plans boost 529 benefits for education costs
The 2001 Tax Act expands education tax breaks including higher education expense deductions for joint filers, raises education IRA limits to 2000, and broadens College Savings Plans or 529 Plans. These plans let anyone invest up to 50 000 per person and 100 000 to 150 000 per beneficiary over a lifetime, with low monthly options and flexible beneficiaries. Withdrawals for qualified expenses are tax free. Plans vary by state and comparing options is advised. Susan Bondy invites reader questions at The Gazette Cedar Rapids.
MENTIONED IN THIS ARTICLE
United States
Savingforcollege
Money Magazine
Vanguard
Fidelity
Tiaa-Cref
Money fund yields slip in latest week
Money market mutual fund yields declined across measures in the week ended Tuesday. The seven day and 30 day averages fell to 1.58 percent and 1.70 percent respectively, with compounded yields dropping to 1.59 percent and 1.72 percent. Total money market assets stood at 2.347 trillion for the week.
MENTIONED IN THIS ARTICLE
New York
Money Market
Money Fund Report
iMoneyNet Inc
Westboro
Mass
Money Funds
Bankrate.com
North Palm Beach, Fla
Investment Company Institute
Tech bubble crash dwarfs some big losses
The 79 billion Enron collapse highlighted how far blue chips fell during the burst. Cisco, Microsoft, and Intel each shed over 400 billion in market cap from high to low, with GE and Wal‑Mart also enduring steep drops. Analysts warn of a slow recovery and a potential negative wealth effect.
MENTIONED IN THIS ARTICLE
Chicago Tribune
Chicago
Enron Corp
Cisco Systems Inc
Microsoft Corp
Intel Corp
Netherlands
General Electric Co
Wal-Mart Stores Inc
Enron
Warren Buffett
Fortune
Also Mentioned on This Page
Susan Bondy
Susan
Gazette
Third Ave
Cedar Rapids
Bondy
Creators Syndicate Inc
Loren Copppock
Amout
Insurance and Financial Strategies
4Th Ave
Allied Insurance
Nationwide Insurance
Skogman
Skogman Realty
Jennifer
Pat Murphy
John Pedersen
Mac McCausland
Pic
Wisconsin
Wall Street
Morgan Guaranty
Xerox
Black and Decker
Sears Roebuck
Eastman Kodak
S.S. Kresge
Kmart
Hera
Mme
Pomona College
Polaroid Corp
Jos. Schlitz Brewing Co
Stroh Brewery Co
Oak Brook
McDonald’s Corp
Esther Allen
Prudential
Heintz & Assoc., Realtors
IRA
Joan C. Erses
C.F.P
Wells Fargo & C
Dana Heavy
Scott Jensen
District 82
Dawn Dennis
Dawn
Scott
Franklin Middle School
PACT
Iowa City
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