March Madness
Big Games. Big Names. Big Price Tags!
Everyone is excited about March Madness, but it is important not to forget the other player in the game—the rising cost of a college education. The cost of a four-year college education has steadily increased at an average pace of about twice the rate of inflation.
Chances are you don’t feel that paying for college will be a lay-up. With the cost of college continuing to rise each year, the question of how to afford higher education becomes ...
Everyone is eligible to take advantage of a 529 plan.
• Unlike Roth IRAs and Coverdell Education Savings Accounts, 529 plans have no income limits, age limits or annual contribution limits.
• There are lifetime contribution limits, which vary by plan, ranging from $235,000 - $400,000.
• Those looking to reduce estate taxes can elect to treat a 529 plan contribution of between $14,000 and $70,000 as if it were made over a five calendar-year period to qualify for the annual gift tax exclusion.
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Alert! No Extension to December 15 Open Enrollment Deadline
Plan selection deadline for Jan 1 coverage start date is fast approaching. Must enroll & make plan selection by 11:59pm Dec 15, 2015 for coverage to be effective on Jan 1, 2016. There will be no extensions to this deadline. Plans selected between Dec 16 and Jan 15 will have a Feb 1 coverage start date.
Don’t have a gap in coverage. Renewals completed between 16th of Dec and 15th of Jan will have a Feb 1 coverage start date and those c...
