Peggy’s Pearls

Peggy’s Best Read Posts

Freezing Your Credit is Now Free

Posted by on Oct 31, 2018

  It’s Free! It is now free to freeze your credit with all 3 credit bureaus- Equifax, Experian and TransUnion. AARP did a survey in Massachusetts, only 13% of those who had fraudulent charges on their credit card took action. Many feel overwhelmed with all the security breaches occurring at companies holding sensitive data. They feel it is inevitable they will have their identity stolen. Don’t Give In! Thieves won’t exert extra effort to hack your identity. They will go for the low-lying fruit- don’t let it be yours. – Freeze your credit. A credit freeze is the best way to stop hackers...

Read More

Is the stock market sliding?

Posted by on Oct 18, 2018

Is the stock market sliding?   Have you been watching the stock market slide since hitting a record high in early October? The chart shows the last 10 years of activity in the market starting with 2008. It reflects all the trauma and drama we have seen over the last 10 years. All the reasons not to invest in the stock market. Yet if you had invested $10,000 at the time it would now be worth almost $25,000. A return of 8.89%. The S&Ps record high on 10/1/18 of 2,924.69 dropped over 10 days to $2,728.37, a change of 6.7%. The numbers for the DOW look scarier. The record high of 26,828.39...

Read More

Wedding Gift Etiquette

Posted by on Jun 23, 2016

It’s June and the wedding invitations are arriving, and the question becomes how much do you spend on a wedding gift?  The answer is:  It depends…           At no time do you spend more than your budget allows. You are encouraged to buy items off the registry.  You can plug either the bride or grooms name into RegistryFinder.com and discover where the couple has registered.  Start early to give yourself more options. Can you give cash?  Cash is the ultimate wedding gift, both for giver and recipient.  Cash doesn’t have to be bought at a certain store, is never the wrong color, and is easy to...

Read More

Do’s & Don’ts of College Planning: Roth IRA for College

Posted by on May 19, 2016

Roth IRA’s are another option that can be part of your game plan for college funding. One of the challenges in planning for college is to know what your newborn’s talents will be, what college they should attend, or will they get scholarships or have great athletic talent.  Add the fact, that if you over fund your 529 plan or educational savings account, you will have a 10% penalty to use the monies for non-qualified expenditures. I know of an instance where the child attended college in England in order to absorb the monies accumulated in the 529 plan. So how do you adequately fund without...

Read More

Do’s and Don’ts of College Planning – U.S. Savings Bonds for College

Posted by on May 11, 2016

Double the money!  Another college savings option with relatively low risk is the U. S. Savings Bonds.  These types of bonds are usually purchased and redeemed at your bank.  They are issued in denominations of $50 to $10,000.  For example a $50 bond would cost you $25. The typical bond issue is Series EE.  The earnings are usually tax deferred for Federal and tax free for state.  Some post 1989 EE bonds may be redeemed federally tax free if used for qualified higher education.    To be federally tax free, the bond owner must be at least 24 years old before the bond’s issue date.  Bonds...

Read More

Do’s and Don’ts of College Planning – 529 Plans

Posted by on May 5, 2016

A more commonly known college savings plan is the Qualified Tuition Program or 529 plans.  What is less well known is there are 2 types of this plan under this program. A lesser known program is the prepaid tuition plan.  Prepaid tuition plans allow you to buy future tuition at today’s prices.  With 6% inflation per year in college costs, locking in a price has some advantages.  The drawback is, knowing which college your child will want to attend.   Once you fund at a college, you are locked in – very few exceptions for refunds. The more recognized 529 plans act similarly to the educational...

Read More