529 Education Savings Plan

Under the Tax Cuts and Jobs Act of 2017, the new law expanded the definition of qualified distributions for a 529 plan. Under previous law, qualified distributions were distributions for tuition, books, room & board, fees and supplies for higher education. Qualified distributions were tax-free at the federal and state level and avoided a 10% federal penalty. With the tax …

What CPI Tells Us About Prices

The FED justified its aggressive monetary policy in 2010 as a way to “promote a stronger pace of economic recovery”. Have prices risen in the last 15 years because more dollars are chasing fewer goods? This chart shows a cumulative increase in price on a percentage basis indexed from 2000. For reference, a growth of 2% annually (the FED’s current …