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Expect plenty of schedule changes for financial markets, mail service, federal offices and more during the coming days
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Turkey recovers black boxes from jet crash that killed top Libyan military officials AP NewsLibyan army chief killed in plane crash: What we know so far Al JazeeraContact is lost with a private jet heading for Libya after takeoff from Turkey, official says ABC News
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Mother charged in ‘cold-blooded' killing of 9-year-old daughter The Washington PostMelodee Buzzard's mother arrested in connection with 9-year-old's killing after her body is found CNNMother arrested after body of missing nine-year-old girl found BBCAshlee Buzzard arrested in murder of daughter Melodee: 'Cold-blooded' ABC News
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Dow Jones Futures: S&P 500 Hits Record Close; Nvidia, Google Flash Buy Signals Investor's Business DailyStocks Rise to Record, Precious Metals Advance: Markets Wrap Bloomberg.comStocks Advance Toward Records in Broad Rally The Wall Street JournalStock market today: S&P 500, Nasdaq, Dow turn higher after surprise GDP growth trims rate-cut bets Yahoo Finance
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9-year-old who vanished during road trip found dead in Utah KSL.comMelodee Buzzard's mother arrested in connection with 9-year-old's killing after her body is found CNNAshlee Buzzard arrested in murder of daughter Melodee: 'Cold-blooded' ABC NewsMother suspected of murder after officials find body of California 9-year-old Melodee Buzzard
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Even if the Fed is moving too slowly to significantly help borrowers, people carrying high-interest credit-card or auto debt can still take proactive action in the new year by working to improve their credit scores and refinancing loans.
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As college costs continue to rise, it's becoming increasingly difficult for students to pay for it themselves. The total student loan debt in the United States has risen to a staggering $1.75 trillion. This has led many parents and grandparents to want to help carry a portion of their child's or grandchild's college debt. They shouldn't jeopardize their own financial future by entering retirement with someone else's student loan debt, though.
SEE MORE Tax Breaks to Help You Pay for College
Even so, the number of adults over the age of 62 with student loan debt has reached a startling 2.4 million borrowers. If parents and grandparents plan on helping to pay for college, they need to plan ahead to stay debt-free in their golden years. There are many ways they can start planning now to help with college costs while still saving for their retirement.
529 plans offer tax advantages
529 plans are investment accounts that can be used to pay for education for a specific beneficiary. Choosing a 529 plan also comes with tax benefits. It will grow federal tax-free and will not be taxed when the money is taken out. It's important to note that you can use a 529 plan from any state to help cover education expenses in any other state. However, depending on the state you live in
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