With the changes in federal income taxation resulting from the recently passed “Tax Cuts and Jobs Act,” NOW is the time to update your withholding. With so many changes in federal income taxes, including an increased standard deduction, elimination of personal exemptions, increases in the child tax credit, limited or discontinued certain deductions, and changes…
Trump Administration cuts aid to students defrauded by for-profit colleges
Trump’s Education Secretary Betsy DeVos is changing regulations on student protections with regard to for-profit schools. Now students defrauded by for-profit collegeswill receive only partial loan forgiveness according to The Associated Press. Trump is rescinding the Obama administration’s practice of forgiving the debts of students deceived by the now-defunct Corinthian Colleges. “Critics accuse the department…
Debt Collection Lawsuits
Are you facing a debt collection lawsuit? “In the last five years, there have been over 330,000 debt collection If you don’t respond to a lawsuit within 21 days, the judge will accept everything in the complaint as true.” lawsuits filed in Utah. Over 98% of those sued don’t hire an attorney. And most don’t…
Who will care for aging Americans if the flow of immigrants is curtailed?
Immigrants play a big and growing part of providing care for America’s elderly parents and grandparents Gerald F. Seib explains the critical role of immigrants in caring for America’s elderly in The Wall Street Journal (Jan. 28, 2018): How a Heated Immigration Debate Might Affect Grandma’s Care “America is getting older. Some 10,000 baby…
Long Term Care Insurance: Pros and Cons
“Stiff annual premium increases are making long-term-care insurance unaffordable for some retirees, and the high cost can be traced to few insurers remaining in the market, writes Darla Mercado. Yet, with annual nursing home costs approaching $100,000, such policies may be worth holding on to if possible, she writes.” “Near-retirees wanting to shield themselves from…
Financial Benefits of Delaying Retirement
Alessandra Malito explains in MarketWatch:“Delaying retirement for just three to six months does to the standard of living after retiring what an entire percentage point of 30 years of earnings would do, according to researchers at Stanford University, George Mason University, Cornerstone Research and Financial Engines. “Working longer is relatively powerful compared with saving more…
Home buying for persons with disabilities
A new guide was created by the financial experts at The Simple Dollar addressing the challenges of buying a new home as a person with a disability that’s published in conformance with the Web Content Accessibility Guidelines to accommodate the special needs of persons with disabilities. The Fully Accessible Guide to Home Loans for People…
Utah Educational Savings Plan (UESP) has new name: my529
On February 5, 2018, the Utah Educational Savings Plan (UESP) will become my529. We are the same company—we’re just changing our name.So why the name change? The new name communicates that we are a national 529 plan, an investment vehicle created by Congress specifically for college savings. “529 funds can be used at any eligible…