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The student loan bubble: Your thoughts

by Nilus Mattive |

My article about New York’s new “free” college system — as well as the growing student debt bubble — generated A TON of great feedback from readers and today I want to share some of the comments and ideas that came in.

But first, since today is “Tax Day,” let’s remember that the very reason these conversations are important is because they are really about OUR money and how it is being used by our elected officials.

Here’s a wonderful summary of the situation from a reader named Tony …

“I once entered into a discussion with a teenage …

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New York’s “Free College” Plan

by Nilus Mattive |

Free college tuition.

It became famous as one of Bernie Sanders’ biggest campaign promises.

He didn’t get into the White House. But some state and local governments are still pushing ahead with the idea on a smaller scale.

Take New York. The state’s Assembly and Senate just approved a new budget that includes free college tuition for a wide swath of students attending two- and four-year programs.

Here’s the deal in a nutshell:

Starting this fall, undergraduate students can receive "Excelsior Scholarships" to attend any State University of New York or any City University of New …

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When Uncle Sam Wants Your Dividends

by Nilus Mattive |

I’ve been pushing off my tax-filing duties this year. That means I’m now knee-deep in forms for three different states and the usual assortment of federal paperwork and schedules.

Isn’t early April great?

So, in keeping with the theme, today I want to talk about the taxation of dividend payments.

Obviously, there’s no way I can cover the entire subject in one short article. And this column is no substitute for professional advice from a tax professional who understands your particular situation.

But Let’s Start with Common Dividends: The Type You Receive from Most Stocks

Through …

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My daughter’s tax shelter

by Nilus Mattive |

Over the last few weeks, we’ve talked at length about Roth IRAs.

However, there is another kind of tax-sheltered account — one that was originally referred to as a type of IRA — that very few people realize exists.

I’ve been using one ever since my daughter was born in 2007 … and the account’s value has been growing as rapidly as she has!

So if you have a child in your life — whether it’s a son, a granddaughter or even a niece — I strongly suggest you take a closer look at opening one …

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