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.
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.
Last month, the Massachusetts Educational Financing Authority (MEFA for short) announced the launch of a 529 ABLE account. Many of you may be thinking “Aren’t 529 accounts used for college savings?” and you would be right! 529 accounts are mainly focused on providing parents a tax-efficient way to save for future college costs.
Did you know that the US Department of Education allows parents of students to take out student loans of their own to help cover the costs of education? According to the Wall Street Journal over 3 million American parents currently take advantage of the Parent Plus loan program.
Many people don’t know that standard homeowner’s insurance policies do not cover floods. When floods do hit, the resulting damage can be catastrophic and therefore insurance companies deem it too big of a risk to cover. As a result, the federal government offers flood insurance which can be purchased through most major private insurance companies and property insurance agents.
Do you have a dog? A teenage driver? Rental property? If the answers to any of these questions is yes, you should look into the amount of personal excess liability coverage you carry.