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Tag: plan

What the new tax law means for your college savings plan

What the new tax law means for your college savings plan

Finance
Your trusty college savings plan is no longer just for higher-education costs, thanks to the new tax law. Whether you have young children or grandchildren, you're probably aware of the rising cost of higher education: The average annual cost of tuition, fees and room and board at a four-year private college rose 3.5 percent, to $ 46,950, for the 2017—2018 school year, according to data from the College Board. That figure hit $ 20,770 for in-state tuition at a four-year public institution, the College Board found. Families can save for those expe...
Highest energy bills to fall under regulator plan

Highest energy bills to fall under regulator plan

Business
Energy regulator Ofgem has announced plans for a new price cap that it says will save up to 11 million households on poor value supplier deals £75 on average. The industry watchdog's proposals would see energy suppliers being forced to cap their annual tariffs at £1,136 - a move that could save those on the worst deals up to £120 per year."The exact savings each individual household would make will depend on the price of their current deal, how much energy they use, whether they have both gas and electricity and how they pay for their energy," Ofgem said.The watchdog suggested that many consumers on default tariffs use more energy than a typical household, so their savings would be higher."Those who buy their electricity and gas from different suppliers woul...
Funding Circle announces £300m flotation plan

Funding Circle announces £300m flotation plan

Business
Peer-to-peer lender Funding Circle has announced plans to raise £300m through a stock market flotation. Launched in 2010 by three former Oxford University students, Funding Circle works by matching lenders to tens of thousands of small business borrowers, currently in the UK, US, Germany and the Netherlands.Funding Circle said that the money raised will be used to bankroll expansion into new markets.The lender has now made loans to small and medium-sized enterprises (SMEs) in excess of £5bn since being established eight years ago, with £1bn in the first half of this year alone.The cash injection will also "enhance" the balance sheet and help "engender trust" in the group's business with investors, borrowers and regulators, the company said.Sky News unde...
Palestine says U.S. plan to end refugee aid will promote terror

Palestine says U.S. plan to end refugee aid will promote terror

World
Sept. 1 (UPI) -- Palestinian officials on Saturday said the Trump administration's decision to stop funding for the United Nations agency that provides aid to Palestinian refugees would promote extremism. Palestine's presidential spokesman Nabil Abu Rudaineh said the decision "does not serve peace; rather, it promotes terrorism in the region." "This is an assault on the rights of the Palestinian people, and part of a series of anti-Palestinian U.S. decisions and policies," Rudaineh said. The announcement comes a day after the United States said it would be cutting funding to the U.N. Relief and Works Agency for Palestinian Refugees because the operation is unsustainable and "irredeemably flawed." Pasletine officials said they are considering seeking help of the U.N. General Assembly and ...
Happy birthday on turning 26. Now get your own health plan!

Happy birthday on turning 26. Now get your own health plan!

Finance
Like other adult things, choosing your first health insurance plan seems scary until you do it. Lots of acronyms you never heard before? Check. You know it's going to hit your wallet? Check. It's some mysterious part of your job with a lot of brochures? Check. When you're looking through your plan choices, ask yourself what's going on in your life, says Jeff Oldham, senior vice president of institutional and global markets at Benefitfocus, a benefits enrollment software company. But first, learn the following words and acronyms. When you meet with the...