In most instances, pleading guilty or being found guilty of a disorderly, or petty disorderly, person’s offense (New Jersey’s equivalent of a misdemeanor) is bad enough, with the fines, costs, and sometimes jail time. But there are some things that can happen outside the judge’s sentence for the offense.
Sometimes you can lose your job! This is called employment forfeiture, and it can have a devastating effect on your financial freedom. So in this episode of the podcast I talk about this forfeiture, how it works, when it could apply to you, and what effect it can have.
Just about everyone knows these days that student loan debt is a real crisis in this country. With well over $1 trillion owed, and a significant amount in default, today’s college graduates are struggling with a major burden to carry through life. But there is a way for you, as their parents, to ease that burden.
The federal tax code, under section 529, has created tax incentives for contributing to a college fund. Referred to commonly as a 529 Plan, it can help you save for your child’s education. Every dollar you save (and grows with your child) is a dollar they don’t have to borrow! So in this episode of the podcast, I talk about these plans, what they are, what the money can be spent on, and whether they are right for you.