Yes, I owned BP stock! It was up pretty big this years, until now. I got a small gain, but not near as big of one that I would have if I sold the first day. Why didn’t I sell my position in the stock on the first day for the new of the oil… Continue reading BP Oil Spill, Selling On Bad News
Author: Money Reasons
A offbeat personal finance blogger that comes from the tech world.
529 College Savings Plans vs Coverdell ESAs, My Choice
I’ve reviewed both options as saving plans for college, see the links below: Considering A Coverdell Education Savings Account? My 529 College Savings Experience 529 College Saving Plans – Part 2 I personally went with the 529 plan instead of the Coverdell ESA! Why: The Coverdell ESA at one time only allowed an incredible small… Continue reading 529 College Savings Plans vs Coverdell ESAs, My Choice
529 College Saving Plans – Part 2
Today, I decided to expand on the discussion about 529 college saving plans which was in an earlier blog post. In my post called “My 529 College Savings Experience“, I covered that basics that the average person would need to know. If the beneficiary decides not to use the money, and wants to cash out the plan instead, they will… Continue reading 529 College Saving Plans – Part 2
My 529 College Savings Experience
First, what is a 529 plan and what are it’s benefits! What is a 529 plan? These are college saving plans that are operated by state or educational entities. The “529” numeric element refers to the IRS code with created these types of plan in 1996. There are typically 2 types of plans: Prepaid Tuition –… Continue reading My 529 College Savings Experience