529 Plans for College
Fool’s School
If you’re socking money away in savings accounts and a Coverdell ESA for Junior’s future college expenses, consider tapping the services of a 529 plan as well. Full Story
Name That Company
I began in 1909, making airplanes from silk and bamboo. Today, based in Bethesda, Md., I employ some 126,000 people worldwide and am a major defense contractor, specializing in aeronautics, electronic systems, information systems and space systems. I rake in about $46 billion annually and have an order backlog of $78 billion. Lindbergh and Earhart both broke records in my planes. Full Story
Give Buffett a Look
The Motley Fool Take
Many know Warren Buffett only for his calls for higher taxes on the wealthy and for his campaign to get fellow billionaires to donate much of their wealth to charity. For many decades, though, he’s helmed Berkshire Hathaway (NYSE: BRK-B). You might want to consider it for your portfolio. Full Story
Shaving Off Profits
My Smartest Investment
My almost-dumbest investment was many years ago, when my broker tried to convince me to sell some 14 percent zerocoupon bonds (remember those days?) and buy some fund he was pushing. Full Story
Last week’s trivia answer
I trace my roots back to the purchase of a New York curtain-rod maker in 1903. I have acquired many companies over several decades, and today, based in Atlanta, I’m a consumer and commercial product giant. A big 1999 merger doubled my size and gave me my current name. Full Story
Taxing Gifts Versus Inheritances
Ask the Fool
QIf
I inherit stock when a relative dies, am I taxed on the gains? AYou’re
— C.L., Monticello, Minn. taxed on gains only when you sell. But to calculate your gain then, you’ll need to know your “basis” in the stock. That’s treated differently for gifts and inheritances (received from someone’s estate). Full Story
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