Without spending a penny* Alabama lets you deduct contributions or rollovers to the state’s 529 college savings plan. A single filer can deduct up to $5,000 worth of contributions while joint return filers can double that amount. Here’s what you need: An old non-Alabama sponsored 529 savings plan with at least $5,000 of rollover eligible [...]
Investor Education Blog
Switching to a Credit Union? Here’s one thing you really need to know.
This Wall Street Journal video discusses why people are making the switch to credit unions. Credit Unions are member (you, the depositor) owned rather than investor owned like commercial banks. Fees for deposit accounts and loan services are, in my experience, cheaper than similar commercial bank offerings. Lack of ATM access and few physical locations [...]
401k and Pension Plans-What you should know about your retirement plans
The Department of Labor put together an extensive guide on retirement plans. Most employer plans will fall into one of two categories: 1. Defined-contribution (DC) plans are where employees receive contributions to their account which can then be invested in stocks, bonds, or cash. 401k, 403b, and RSA-1 accounts are examples of (DC) plans. These [...]
How to find a financial advisor
Not all financial advisors are created equally. The National Association of Personal Financial advisors put together a field guide to help vet your potential or existing financial advisors. Wesban pursuit-of-a-financial-advisor-field-guide View more documents from Wesban Financial Consultants, P.C. All Wesban Advisors are CERTIFIED FINANCIAL PLANNERS (TM) and NAPFA Registered Financial Advisors.
September 2011 Newsletter
Wesban september 2011 newsletter View more documents from Wesban Financial Consultants, P.C.
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