Login | January 24, 2025
The Daily Legal News
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Overfunded 529 plan? Consider a Roth IRA rollover
If you set up a 529 education plan for your children or grandchildren that is no longer needed for education expenses, there is a new game in town. A law that went into effect this year permits 529 money to be rolled into a Roth IRA. That is, you can have money that you don't want to keep in the 529 transferred into a Roth IRA witho ... (full story)
US inflation picked up in December but underlying price pressures eased
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WASHINGTON (AP) — U.S. inflation accelerated last month as prices for gas, eggs, and used cars rose, yet underlying price pressures also showed signs of easing, bolstering hopes that the Federal Reserve could still cut its key interest rate this year.
The consumer price index rose 2.9% in December from a year ago, Wednesda ... (full story)
Architects are bringing nature home by making trees part of the plan
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By now, you may be familiar with biophilic design — it's the idea of integrating nature into design to enhance our connection to the environment. Sustainability, wellness and harmony are usually part of the deal.
Some architects and home designers are using one particular biophilic element to striking effect: trees.
We ... (full story)
Sell all stocks?
Q: I'm thinking about selling my stocks so I can have a lot of cash on hand in case the market crashes. That way I'll be able to take advantage of bargains. Does that make sense? -- B.W., Norfolk, Virginia
A: Think twice about that. Yes, if the market crashes soon after you sell, you'll have done well. But there have been plenty ... (full story)
Here's what you need to know about credit card defaults
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NEW YORK (AP) — Credit card defaults are on the rise for Americans, reaching the highest level in 14 years. U.S. credit card defaults jumped to a record $46 billion from January through September 2024, according to the Financial Times, citing data analyzed by BankRegData.
With high levels of credit card debt and high infla ... (full story)