Financial Planning Blog

Will 529 College Plan Jeopardize Financial Aid?

Will 529 College Plan Jeopardize Financial Aid?

Q. My daughter is still in college and is likely to go to grad school. I've been putting money into her 529 plan for many years and making withdrawals for her time in school. My stepson just had his first child, and I'd like to open a 529 for her but I wonder if it...

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How the Veterans Exemption Works

How the Veterans Exemption Works

Q. I was informed by my Army buddies that New Jersey will be reducing my property tax by $3,000 because of my veteran status. Is there any truth to this? As I am already receiving a $250 deduction, will I have to re-apply to receive the larger benefit or will it...

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Best Ways to Gift Cash to Grandchildren

Best Ways to Gift Cash to Grandchildren

Q. As a holiday present, I'm thinking of opening an IRA for each of my three grandchildren. But they don't have real income yet. Does that mean an IRA is out of the question? What are my options? -- Grandma  A. Your grandchildren are fortunate that you would like to...

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5 Resolutions for Managing Money

5 Resolutions for Managing Money

Do you want to feel as if you've lost 10 pounds? Get your financial life in order. Here are five easy-to-make and easy-to-keep New Year’s resolutions for protecting your wallet. 1 | START GOAL-SPECIFIC PLANS Think about what you want to accomplish in 2018 and how you...

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Car Insurance Rates and Your Credit Score

Car Insurance Rates and Your Credit Score

Q. I was told that your credit score influences your car insurance rate. Is that true? -- Driver  A. It is indeed true that your credit score will impact your car insurance rates, but not in the direct way you might imagine. Auto insurers concoct their own scores in...

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