How cancelling a credit card can hurt your credit score.
You don’t want to hurt your credit score unnecessarily, and canceling a card can do some damage.
October 2014
Monthly Archives
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Tax changes after marriage
A newly married couple contemplates how their tax liability will change after they say,“I do.”
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What is the Alternative Minimum Tax?
It’s important to know how you can trigger this higher tax, and what you can do to avoid it.
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If medical debt has hurt your credit score, there’s good news.
Medical debt is no longer given the same heft as other debts when FICO calculates your credit score.
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Stopping your spendthrift kid from wasting his inheritance
If you have an adult child who is not responsible with money, there are steps to take to ensure any money you leave to him is somewhat protected from his spendthrift ways.
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Strategies for estate tax savings
No one wants to pay taxes when they die, but unless you’re proactive, the government — and not your heirs — could end up with a huge chunk of your money.
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Life insurance for children
Life insurance policies for children are inexpensive. You need to understand the policy before you can decide if it’s worth the money.
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The 529 Gifting Extravaganza
Many have heard of 529 accounts, an account that allows for tax free growth only if the funds are used to pay for college education costs. But few have heard of it potentially being used as a multi-generational vehicle to fund college education for multiple generations.
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Choosing the best college savings plan
There are many options for opening a college savings account for a new baby. Here’s why a 529 Plan may be the way to go.
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Positioning your finances to maximize financial aid
When college is close, where you have your money could make a big different in the financial aid your student receives. Here are some tips.
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