I want to talk about the segments we’re covering today, but first we’re going to lead off with pros and cons of credit cards, the goods and the bads. There are some good things about credit cards. They are good to have. You just don’t need too many.
We’re also going to talk about the misconceptions of social security. No matter where you are, it’s good to know, because you’re saving money through work, and then as you get older you’re able to use that. It’s something everybody participates in when they’re working.
We’ve got the misconceptions of social security. We’ve also got are there pension plans out there? Is it like a unicorn where there are a herd of them, but you’ve never really seen one?
We’re going to talk about existing pension plans, where are they. If they exist, where are they, and what do you need to plan for in eventualities.
Finally, we’re going to close out today with private school and education savings for college. Some of this will pertain to most of you, we hope, and we think you’ll find it interesting.
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“A 529 plan is a college savings plan that allows individuals to save for college on a tax-advantaged basis. Every state offers at least one 529 plan. Before buying a 529 plan, you should inquire about the particular plan and its fees and expenses. You should also consider that certain states offer tax benefits and fee savings to in-state residents. Whether a state tax deduction and/or application fee savings are available depends on your state of residence. For tax advice, consult your tax professional. Non-qualifying distribution earnings are taxable and subject to a 10% tax penalty. Not associated with or endorsed by the Social Security Administration or any other government agency.”