|
In a 2026 market that had Microsoft down close to 20%, looking for opportunities to buy after big drawdowns is coming to more tech and software stocks.
|
|
Live updates: Iran says it's ‘far from final agreement' with US, as Strait of Hormuz traffic halts CNNIran says there is 'still a distance' to peace deal as Hormuz closure halts shipping NBC NewsIranian official says talks with US to end war have made progress but sides 'far' from deal BBCIran war live: Hormuz Strait ‘closed' as Tehran says no date for US talks Al Jazeera
|
|
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
|
|
