Archive for June 2009

 
 

Best 529 College-Savings Plans

See our top five picks, then use our state-by-state guide to pick the best plan for you.

From Kiplinger.com:

Sure, most 529 college-savings plans took a beating in the bear market, but they are still a great way to save for college. That’s because the earnings are tax-free if they are used to pay qualified college expenses, such as tuition, books, school fees, and room and board. And two-thirds of states sweeten the deal by offering a tax deduction or credit for contributions.

Read more here.

 

What General Motors’ Bankrupty Means to Investors

Why the worthless stock may still be in play. Plus, what should bondholders expect?

From Kiplinger.com:

General Motors’ bankruptcy filing is particularly devastating for stock investors. Unless the government intervenes, current shareholders in GM will be wiped out; the stock becomes worthless because shareholders have no claims on GM assets in bankruptcy court. The stock (symbol GM) was unchanged on June 1, closing at 75 cents.

Click here for the entire article.