College Planning
Help your clients take the worry out of saving for college with news and analysis on student debt, 529 plans and other tax-efficient savings vehicles as well as the colleges and college majors that deliver the most value.
Business Leaders Resigned to U.S. Debt Downgrade but Say Default Unlikely
By Joyce HansonThe business community is battening down the hatches for a U.S. debt rating downgrade—and they’re not happy about damage that the oncoming economic storm will wreak on investors.
July 27, 2011
FSOC: Elephant in the Corner? What Elephant?The Financial Stability Oversight Council warns in its first annual report about the possible effects of the European sovereign debt crises and the risks posed by governmental budget imbalances of all kinds.
July 27, 2011
Debt Ceiling Deal Has ‘Huge’ Momentum, Says Corker, a Top GOP SenatorSen. Bob Corker, R-Tenn., said Wednesday there is ‘huge momentum building on both sides of the aisle’ to pass a legislative package that not only raises the debt limit, but includes deficit reduction measures to avoid a ratings downgrade for the United States.
July 27, 2011
CBO: Boehner, Reid Debt Plans Fall Short of Promised SavingsMuch-touted budget proposals by Speaker of the House John Boehner and Senate Majority Leader Harry Reid were found by the Congressional Budget Office on Tuesday to fail to deliver on promised savings.
July 26, 2011
Roubini Calls Debt Ceiling a ‘Farce’; Tweets for Tax HikesFamed forecaster Nouriel Roubini is not worried about the U.S. defaulting on its debt, but his Twitter feed reveals a preference for closing revenue gaps with tax hikes. While Mark Mobius predicts missed deadline would sink dollar.
July 25, 2011
Plugging a Hole in the Advisor's Advanced Planning CurriculumAmong the grumblings often heard about education for life insurance and financial service professionals is that there are too many professional designations. It's a fair criticism.
July 25, 2011
PIMCO’s El-Erian Warns U.S. Rating at Risk, Even With Debt Ceiling DealAs leaders of both parties now plan to unveil their own debt-ceiling plans, El-Erian said that a short-term deal would leave “the AAA rating extremely vulnerable and does little” to fix the basic problems of the economy.
July 25, 2011
China Faces Deep, but ‘Solvable,’ Debt Woes, Report SaysLocal governments in China are beset by debt, but the problem can be solved, a Standard Chartered report says.