Business Columnist | firstname.lastname@example.org
Judi and Christopher Chesley have done something very romantic and not just for Valentineís Day.The New Hampshire couple, married for 29 years, have created rules of financial engagement.They participated in the 21-day financial fast I created and took to heart Day 10: Marrying Your Money. So now, posted on their refrigerator is a list of 10 rules to help them manage their money together.
We hear so often that many couples are money opposites, that their differences lead to some fierce financial fights.Nonetheless, would you believe a new survey that says Americans find frugality desirable in a mate? Ally Bank reported that 55 percent of Americans are attracted to people who are strong at budgeting and saving. Another 18 percent of survey participants are drawn to mates who are penny pinchers and avoid debt (thatís my sweet spot).
The plan was to take away a very generous tax break for college savings. It was, I believed, as did so many other college savings advocates, ill-conceived.President Barack Obama had proposed taxing the earnings in 529 plans; avoiding these taxes is an advantage that is a huge selling point for the accounts. To defend the move, the administration pointed out that the plans benefit a lot of high-income families who donít need the tax break.
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