Just in time for back to school season, the college savings plan industry has unveiled an array of marketing campaigns
Many of the plans emphasize the benefits of 529s in response to changes in the “kiddie tax,” which was created in 1986 to keep parents from sheltering income by putting accounts in the names of their children. In its original form, a portion of investment earnings held by a child were tax-free. Continue Reading 529 plans poised to grow after ‘kiddie tax’ changes
Dow Jones Indexes and Barron’s magazine have launched the Barron’s 400 Index which will track the performance of highly liquid U.S. stocks.
Dow Jones Indexes and Barron’s are business units of Dow Jones & Co. Continue Reading Barron’s 400 Index latest stock-tracking offering
There appears to be no shortage of banks in Fountain.
Within the city limits, there are nine banks, including freestanding and supermarket branches. And, just outside the city limits, there are another three.
But that hasn’t dissuaded People’s National Bank from moving into the market. Continue Reading People’s National joins Fountain banking boom
U.S. Bancorp is extending a kind, warm invitation to the many baby boomers who aren’t financially ready for retirement.
In June, the bank rolled out a prototype Retirement Planning Center in Minneapolis, where the bank is based. The office is a soft-edged facility that looks nothing like a bank and aims to ease some of the financial complexity and emotional discomfort surrounding retirement. Continue Reading Taking a softer, gentler approach to retirement
Ent Federal Credit Union will celebrate the grand opening of its Jackson Creek Service Center, 16050 Old Forest Point, from 10:30 a.m. to 2 p.m. Aug. 18.
The 4,000 square-foot service center was designed by architects Keys and Associates and has three drive-through lanes, 24/7 ATMs with cash and check imaging capabilities, and biometric accessed safe deposit boxes. Continue Reading Ent launches newest service center in Jackson Creek
Wells Fargo is cutting about 76 jobs in Colorado Springs as it transfers its home equity loan operation to similar facilities in Phoenix and Des Moines, Iowa.
“The home equity environment that we are currently experiencing has changed dramatically,” said Mary Berg, Wells Fargo spokeswoman. “Home equity had been growing at a very large rate in the past five years, and recently we’ve seen business slow down a bit.” Continue Reading Wells Fargo moving 76 jobs out of the Springs
My little brother married his college sweetheart this past weekend, and instead of getting him a set of knives or towels, I decided to give him something he could really use to help his life and his marriage — tools for his finances.
Money is often a heated topic of discussion early and often in a marriage. According to a CNN Money study, 84 percent of couples surveyed said money causes tension in their marriage and 13 percent say they fight about money several times a month. Continue Reading Love and marriage … and some financial tips
The Internal Revenue Service is simplifying the signature process for electronically filed individual income tax returns submitted by tax practitioners. The simplification eliminates the need for a paper signature document to be sent to the IRS in support of electronically filed tax returns.
Beginning with the 2008 filing season, tax practitioners can e-file individual income tax returns only if the returns are signed electronically using one of two methods: either a Self-Select Personal Identification Number (PIN) or a Practitioner PIN. Continue Reading IRS will accept electronic signatures for ’08 filings
I was talking to a friend the other day about the story in this week’s paper about whether American’s are saving enough for retirement when he started bragging about how he will be a millionaire by the time he is 55 because of his investment portfolio.
The goal of becoming a millionaire is a growing starry-eyed dream of many people in America. It has motivated quiz shows and rock songs lyrics. Like the Barenaked Ladies’ sang, “If I had a million dollars, I’d be rich.” Continue Reading Ever wonder what it really takes to be a millionaire?
American National Bank has broken ground for its newest facility near the intersection of Powers and Union boulevards at 4194 Royal Pine Drive.
The two-story banking center will become American National Bank’s sixth full-service location in the Colorado Springs area. The 10,000-square-foot, full-service bank will have three drive-up lanes and a 24-hour drive-up ATM access. Continue Reading American National Bank expanding its footprint