Kaizen Wealth Management » Educational Planning

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Kaizen Wealth Managment — Thu, 27 May 2010 19:46:01 +0000

No, this is not the point change the Dow made today, but the improvement in points scored on the SAT by students who took the Princeton Review test-preparation course, according to the company. After a challenge by rival Kaplan Inc., the National Advertising Division of the Council of Better Business Bureaus said Princeton would “voluntarily” stop making such claims. We thought it was still worth noting.

Source: Associated Press

The Benefits of Education

Kaizen Wealth Managment — Mon, 29 Mar 2010 13:46:56 +0000

It’s nice to know that education pays.

Source: JP Morgan

Proposal to Make Educational Savings Benefits Permanent

Kaizen Wealth Managment — Wed, 23 Dec 2009 17:38:00 +0000

Senate Finance Ranking Member Chuck Grassley (R-IA) introduced a bill that would make permanent a number of education-related tax relief measures. Included in the measure were provisions to permanently include the costs of computer technology and Internet access as a qualified higher education expense (now scheduled to expire the end of 2010) and to permit up to four investment changes per year in 529 accounts. You are currently allowed only two changes in 2009 and is slated to revert back to one after this year. The bill also hopes to make amendments to the Coverdell educational savings account.

Two-Thirds Don’t Have a Financial Plan

Kaizen Wealth Managment — Fri, 25 Sep 2009 15:56:50 +0000

Despite increasing pressure to slash debt and rebuild retirement funds, nearly two-thirds of consumers do not have a written financial plan, according to the 2009 National Consumer Survey on Personal Finance.

The survey, released today by the Certified Financial Planner Board of Standards, found that 64% of respondents do not have a written financial plan in place.

“Those in the know who are using financial planning are finding it a valuable experience,” Eleanor Blayney, consumer advocate for the CFP Board, said in an interview. “There are just too many people who are not using it.”

We couldn’t agree more.

Educational Planning – changes to the 529 for 2009

Kaizen Wealth Managment — Fri, 23 Jan 2009 15:32:03 +0000

The IRS has announced that during 2009 it will permit up to two investment changes in a section 529 savings account because of the recent condition of the financial markets. Prior to this IRS move, you could only make one investment change per calendar year; unfortunately this flexibility is currently limited to 2009.