By William Hickey, MaryVan Doren, Laura Logan
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Additional info for 101 Money Secrets by Blue Dolphin Group
Begin your scholarship search in the high school guidance office. — Family Money Save college funds—and some taxes! Finances for higher education could be just a state away. Save money for college in a state-sponsored college-savings plan. Your savings will get a boost because it will grow tax-deferred until it’s used for college; then the earnings are taxed in the student’s tax bracket (usually 15%). This year, 14 states have added new plans, and some existing plans have waived fees, reduced penalties, and expanded tax breaks.
With their demonstrated staying power in a tough sector, these firms are considered very viable prospects for the long term among all private companies preparing to go public. S. European telecommunications companies are poised to dominate the Internet and reap the world's first global profits, too. Backed by their governments, the telcos have launched major Net spinoffs. The purchase of Lycos by Spain's Terra—spun, for example, from Telefonica—has created the first international Net company. — The Industry Standard Inspect the unexpected Buying a house is exciting and time consuming.
A couple can give someone up to $20,000 a year without incurring gift-tax liability. Beginning January 1, 2001, for taxpayers in the 15% tax bracket, the capital gains rate will fall from 10% to 8% for assets held for 5 or more years. — Forbes 34 Finding the way to your children’s education The biggest asset when it comes to financing your children’s education may not be your income, investments, or home equity—it just may be your children! Search near and far for scholarship money. You’ll find local chapters of fraternal organizations like the Kiwanis Club, and national companies like Coca-Cola, offer scholarships.
101 Money Secrets by Blue Dolphin Group by William Hickey, MaryVan Doren, Laura Logan