Always confused between savings and mutual funds ? Thinkin in which to invest ? i m jotting down few points of differences between the two , which may help you out in opting for either of the one . Risk Savings accounts insured institutions face no risk of loss up to the current FDIC account limits. Mutual funds are subject to substantial risk of loss correlated with … [Read more...]
529 Plans:concept
With the rise in college education expenses , more and more parents are trying to offset some of the cost by putting money aside to help pay for their child’s education. In 1996 the 529 plans were created to provide some tax benefits for those who are trying to save money for higher education. How a 529 Plan Works? 529 plans are state-sponsored , but the underlying … [Read more...]