Category: News & Trends
Banks Reopen and Some Fees Being Waived for Hurricane Sandy
Many parts of the Northeast are just starting to recover from the storm and it will be weeks and even months before things return to normal. Banks were responsive to the situation by waiving fees and deadlines for certain payments for storm victims. If you’re in an area that was hit you should check to [...]
Contribution Limits Raised for Traditional and Roth IRA and 401(k)
In 2013, the contribution limit for 401(k), 403(b), most 457 plans and the federal government’s Thrift Savings Plan is increased from $17,000 to $17,500. The catch-up contribution limit, for those ages 50 and up, remains at $5,500. Also, the contribution limit for traditional and Roth IRAs is increased from $5,000 to $5,500. The catch-up contribution [...]
SoFi Raises $77 Million to Tackle Student Loans in Three Distinct Ways
Social Finance Inc. (“SoFi”) raised $77.2 million in funding from Baseline Ventures, DCM and Renren Inc. (NYSE: RENN), China’s largest social networking site, to help build its social lending platform to help solve the student loan debt crisis in America. According to their site they are tackling the student loan issue in three important ways: [...]
Four Tax Breaks That Are Ending
Many low-income parents could see their tax bills jump by thousands of dollars next year if nothing is done to stop a series of tax breaks from expiring January 1. Unless Congress takes action before the end of the year, four important credits for families — The Child Tax Credit, Earned Income Tax Credit, Child [...]
College Tuition Rises but Less Than Normal
According to CNN Money private college tuition increased by 3.9% for the 2012 – 2013 year. It’s no surprise that costs are still rising but maybe the silver lining is that it is the smallest increase in the history of the data. “This is also the fourth year in a row that the average tuition [...]
