The team here at Woodside Wealth consists of avid readers with a particular interest in all things finance. When we see a good article, book, blog, or podcast we want to bring it to your attention. The following are some of our favorites – if they spark an idea or question please feel free to contact us.
Obtaining a graduate degree is a great way to advance one’s career, but the costs associated with it can be very daunting.
In an attempt to attract and retain your professionals, Maine recently instituted a tax credit plan called the Opportunity Maine Tax Credit. The program provides tax credits for student loan payments made by young professionals and recent graduates who live and work in Maine.
In 2007, the Education Department enacted an attractive new way to repay student loans once out of college. This new plan is labeled “income-driven repayment plans.” These plans allow for the college graduate to automatically repay their loans each month using 10% of their discretionary income.
During this whirlwind time regarding taxes in the United States, there are many changes which, if enacted in the final version of the tax reform bill, could have a drastic effect on the personal finances of millions of Americans. One such example is how university employees and students attending graduate school will be taxed on a type of benefit they receive called tuition waivers.
As it becomes time for students to head back to school, students entering college have a lot on their plates. It is safe to say not many of them are thinking about getting their legal documents in order while they find roommates and sign up for classes. However, considering most students entering college have recently turned 18, this can actually be an important consideration.
Starting on January 1st, 2017, families just got another incentive to save for college expenses using the Massachusetts Educational Financing Authority’s (MEFA) U.Fund 529 Account.