529 plans are named after the section 529 of Internal Revenue Code 26 U.S.C. This is an investment plan that encourages saving for future higher education expenses. These are state-operated plans that provide a tax benefit. Your choice of school is not affected by the state your 529 plan is from.
Guidelines to help you in your 529 savings:
Retirement savings comes first. The money you save for your child’s college education will count against you in financial aid awards, whereas retirement assets will not. So start putting aside money in your retirement account before starting a college fund.
Past performance. College money should go to an index fund. Choosing savings based on past performance should be relegated to a taxable account where you can take a deduction for disasters.
Allocations. A 529 plan offers an array of choices ranging from US stocks, foreign stocks and bonds. Instead of spending time and energy fussing over the allocation decision, experts recommend that you put 100% of the college fund into an all stock or all bond index fund. Adjust the retirement account to get the family’s overall asset allocation where you want it.
529 plans are usually categorized as prepaid or savings plan. The former lets you prepay all or part of the costs of an in-state public college education. 529 savings plan functions like 401K by investing your contribution in mutual funds.
Benefits of top rated 529 plan:
Federal tax break – The reason that 529 plans are a success is that the earnings from this plan are federal tax-free and it will not be taxed when it is taken out to pay for college.
State tax break – Over 30 states offer partial, or full tax deduction. If your state does not offer this benefit, feel free to choose any other state’s plan.
Provides control – The donor of the account has complete access and legal rights to the funds; they can be withdrawn or used for other purposes (income tax and additional penalty apply).
Low maintenance – This is a very easy way to save for college as automatic investments can be linked to your bank account or payroll deduction plans.
Tax reporting made easy. Contributions made to a 529 plan need not be filed with your federal tax return – Deposits up to 28,000$ for married couples filing jointly will qualify for annual gift tax exclusion.
Flexibility – The 529 plan allows the donor to change the investment options, change the beneficiary or roll over funds.
Open to all – There is no income limit, age limit or annual contribution limit.
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General liability insurance and its advantages
Read moreConventional terms used by insurance companies to explain their products and services might be baffling and ambiguous, despite the fact that their policy stipulations are almost certainly exhaustive and painstakingly thorough. Given below is a brief essence and the many advantages of a general liability insurance.
General liability insurance is also known as business liability insurance or commercial general liability insurance. This policy supports organizations, be it big or small, in the case of a physical injury or damage to property or harm caused due to improper advertising, in the office premises or because of the business activities.
Vulnerable to a plethora of liabilities, it is pivotal that companies are protected with a general liability insurance to safeguard their interests and assets. For example, when an accident causes harm or even results in the death of an employee, because of a faulty machine the general liability insurance policy owned by the company then helps to pay compensation to the third party.
When there is a need to defend yourself against allegations and claims of harm to a person or property; malicious defamation in oral or written forms; false propaganda or promotion; violation of patents, trademarks, or copyrights; and other such lawsuits, a general liability insurance plays its part in assisting you with the redressals. However, the degree of risk or hazard associated with the kind of business, the volume of business done, and the extent of the reach of the company, all determine the total coverage of the liability insurance policy.
Under general liability insurance, companies are covered for all legal costs including attorney fees and expenses incurred at police stations and courts, protection against a lawsuit, or making payments for settling litigation and medical expenses where necessary. In short, this policy is most beneficial for small companies to keep it functioning steadily by providing financial help, even when faced with unexpected lawsuits.
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How to prepare for FedEx job interviews
Read moreFedEx includes a wide range of operational businesses like courier and corporate services, which are is handled by a team of over 400,000 employees, spread across the world. Job aspirants can find FedEx jobs in the form of package handlers, drivers, customer service agents, operational managers and as corporate executives as well. Because they have such an extensive international reach, FedEx has a precise hiring process. The application and interview process varies according to the profile. Therefore, it is important that you prepare smartly with the help of apt research.
Package handlers – The job of a package handler, can be part-time or full-time. If you are applying for this position, you might be asked questions about your physical capabilities, schedule and location preferences. By the end of the recruitment procedure, the FedEx hiring executive will carry out necessary background checks and drug assessments.
Customer service agents – While hiring a customer service agent, the most important skills that the FedEx recruiter will look for is excellent communication and problem-solving. Apart from this FedEx managers will observe and evaluate you with respect to listening, agility, and personality. They might ask questions to check your conversational tone, and will also conduct mock or actual customer calls to make a final decision.
Drivers – The job or a courier or a driver is extremely crucial for FedEx, as they are the concluding part of the entire shipping process. FedEx jobs for couriers often have more than two interviews, under which the hiring committee might enquire about their driving experience and also take their communication skills into account. The procedure of delivery can often entail specific kinds of risks like accidents, unsuitable weather, inevitable delays, etc. So, the hiring manager might also question you about making tough calls and time management. Drivers must pass medical and drug assessments before joining. Criminal background checks are mandatory as well.
Managerial or executive jobs – To get such job, you need a strong backing of relevant experience and academic pursuits. Since most administrative jobs require string leadership qualities, your profile will be examined in terms of objectivity, basic knowledge, and organizational abilities. The FedEx jobs for a managerial or executive profile can include departments like human resources, sales, accounting, operations, etc.