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Share to Twitter Share to Linkedin In 2018, President Trump expanded the ability for people to use 529 plan money to pay for private elementary and secondary school. This addition to the Tax Cuts and Jobs Act allows up to $10,000 per year to be withdrawn tax free if used for qualifying tuition expenses. However, just because it's tax free at the Federal level doesn't mean that it's tax free at the state level. And as of November 1, 2018, 17 states haven't updated their tax code to conform with the new law. That means you could be in for a surprise tax bill at the state level. Here's what you need to know about using a 529 plan for private elementary or high school . Photo Credit: Getty Rules For Using A 529 Plan For Private K-12 Education The new tax law allows for individuals to use 529 plan money to pay for private elementary and high school tuition. This is a big change to using a 529 plan to pay for college, which previously … [Read more...] about These 17 States Haven’t Adopted The New Federal 529 Plan Rules Yet

When the government announced a vaccination programme for 12-14-year olds earlier this year, Neeta Singh (name changed), an educator at one of India’s biggest edtech unicorns, was excited as she thought she would be back in the classroom after almost two years. Singh said she was very keen to get back to her previous employer, a tutoring company, despite the lower compensation as she wanted to get out of the ‘extremely toxic’ culture at the edtech unicorn she had worked at for almost 15 months. “I am a single mother of two and I cannot stop working as both my kids are still in school. The local tuition centre I was working at had asked us to look for different jobs in March 2020, when the government announced the first lockdown,” said Singh. “Back then e-learning platforms were offering huge packages so I accepted it. I thought working from home would be better as I would be able to manage things better. But my incentives and job security were linked to the number of classes, … [Read more...] about Layoffs, restructuring, slowdown: India’s edtech firms are struggling post-pandemic

If you have more than 20% home equity and a credit score of at least 680, there’s a good chance you could qualify for a home equity loan . This allows you to borrow money for about five to 10 years at a relatively low fixed interest rate using your home as collateral . Let’s talk about how home equity loans work, so you can decide whether one might make sense for you. Key Takeaways A home equity loan lets you borrow against the equity you have built up in your home, providing a single lump-sum payment that can be useful for financing big-ticket items or consolidating higher-interest debt . However, because you are using your home as collateral for the loan, it puts you at risk of losing it if you default on the loan. Home equity loans come with low fixed interest rates and repayment periods of anywhere from five to 10 years. Alternatives to home equity loans include home equity lines of credit (HELOCs), personal loans, and low-interest credit cards. … [Read more...] about Is Taking Out a Home Equity Loan Right for You?

Share to Twitter Share to Linkedin Something strange is happening in today’s Gilded Age : an outpouring of writing about ethics in business. Businessmen are claiming to combine profits with moral purpose. MIT Sloan Review writes about the need to “foster ethical conduct.” The Drucker Forum urges firms to deliver “performance that matters” and appoint leaders with moral character. Harvard Business Review talks about “creating an ethical company.” The question is whether these approaches are adequate to resolve ethical questions related to greed that are built into the very purpose of the firm. 1. Creating Psychological Safety A high-profile approach to fostering business ethics focuses on psychological safety. Business school Professor Amy Edmondson defines it as “a shared belief held by members of a team that the team is safe for interpersonal risk-taking,” By creating psychological safety, employees feel free to speak their mind, thus … [Read more...] about How To Reconcile Management And Morality In Today’s Gilded Age