On Today’s Money 911 we talked about retirement plans for federal workers and if free online budgeting websites are safe to use. To learn more check out the video clip below.
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Hi Jean – I know you have many questions to answer. Sorry to repeat my question again but I’m really desperate for an answer. Should I change the name on my three kid’s 529 College Accounts to my mother’s name so that $4,000 a piece is not considered with the financial aid or scholarships they may receive? We wanted that money to be for books and spending money spread out over time. We will not have extra money to send them when they are in college. This was a little cushion we thought would help. They are 16, 13, and 9. And…if we change the name to my mom rather than us (the parents) are we going to be penalized? Thanks Jean!
Don’t worry, you’re fine. A 529 is always considered a parental asset as long as your child is still a dependent on your tax returns. If your child becomes independent, only then is it treated as the asset of the child. And unfortunately, though $4000 is a very nice sum of money, it isn’t going to make a big difference where financial aid is concerned. College tuitions are just too high.
In this week’s New York Daily News column, I show you how some small tweaks to your financial habits can make a big difference over time.
Yesterday I was on CNN Student News with Ben Tinker to speak about getting down to the basics of earning and saving money. Check out the full video clip below, I’m on at the 7:00 mark.
This morning on Today I spoke with Natalie Morales and David Bach about what financial secrets you should keep close to the vest. To learn more check out the video clip below.
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This morning on Today I spoke with Kathie Lee and Hoda about what states are the most fiscally responsible and how you can continue good saving habits. To learn more watch the video clip below.
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On Today’s Money 911 we talked about ways to save above and beyond a 401(k) and if closing a credit card will hurt your credit score. To learn more watch the video clip below.
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This morning on Today I spoke with Ann Curry on ways to save a million dollars for retirement. You can start by being paid what you’re worth. To learn more check out the video clip below.
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In my appearance on The Talk I gave some tips about teaching your kids about money then answered some viewer questions. Check out the two video clips below to learn more.
In this week’s New York Daily News column, I review what job benefits you want to be sure you don’t leave behind when switching jobs.
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I believe knowing how to manage our money is one of the most important life skills for adults - and even more important to pass on to our kids.
A reference guide for money issues that has been carefully indexed so you can flip to the section you need and absorb the information.
In this updated edition, I give you up-to-date strategies to help you get out of debt within three years.
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