In most states the deduction is denied to savers who use an out-of-state plan.
About half the states offer residents an income tax deduction for contributions to their home state plan.
Then look at your home-state plan, focusing on just two things: the expense ratio and the availability of a state tax deduction.
Jacqueline Williams , the executive director of Ohio's state plan, told the subcommittee that her state's prepaid plan is no longer accepting new beneficiaries.
It recommended that the federal OSHA be given authority to step in and take over some inspections when a state plan isn't meeting minimum requirements.
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Yet so long as you remain the account's owner, you can change the beneficiary or even take the money back -- if the state plan permits it.
His own two children are covered by a state plan, but with a new business, he figured it was time he and his wife were also insured.
So if you invest in a stock fund and then sour on the market, you can't move your money into a bond portfolio offered by the same state plan.
In Texas, which is covered by federal OSHA, it would take inspectors 126 years to visit every workplace, versus 42 years in Washington state, which is a state plan, she said.
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Germans (who typically get 85% of their retirement income from the state plan, as against 65% in the U.K. and 45% in the U.S.) understand this and have begun to actively acquire their own retirement assets rather than depend on the continued generosity of the state system.
But there are plenty of drawbacks: You can't make an Education IRAand a state plan contribution for the same child in the same year. (Note to in-laws: coordinate contributions.) A student who pulls tax-free money from these IRAs can't use the Hope or Lifetime Learning Credit the same year.
Until late last year this was mostly a one-time decision--once you picked an investment option for a 529 plan you were pretty much stuck with it, unless you were willing to engage in some fancy maneuvers, such as switching beneficiaries while rolling the account from one state plan to another.
The Municipal Securities Rulemaking Board, a self-regulatory body that reports to the Securities and Exchange Commission, has proposed rules that would require brokers to ask clients about the importance of state tax benefits, explain a client's direct-sold in-state plan for comparison purposes, and determine what is most suitable for the client--instead of just pushing broker-sold out-of-state plans that might carry higher commissions for them.
There is, however, a little-known--if inconvenient--escape hatch: Under IRS rules, you can move your investment from one state's plan to another state's plan without penalty, so long as you change the account beneficiary as you do so.
Today, six (6) states will receive awards to implement their individual State Health Care Innovation Plan, three (3) states will receive awards to continue development of their individual State Health Care Innovation Plan, and sixteen (16) states will receive awards to develop their individual State Health Care Innovation Plan.
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The state's emergency plan gives state officials unilateral authority to order a rationing system.
Most proposals for creating a defined-contribution alternative to a state pension plan or Social Security use an IRA or 401(k) model.
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As in other OCED countries whose populations are aging rapidly, Germany's pay-as-you-go state pension plan is on the verge of collapse.
To help compensate, she skipped her mortgage payment last month, and signed up for a state insurance plan for welfare recipients.
Most of the states with an income tax allow a deduction for money put into a home-state 529 plan, and in some cases the deduction is quite generous.
On February 13, Assembly member Bill Quirk (D-Hayward), a freshman state lawmaker elected in November 2012, introduced a bill ( AB 284) that requires the state to plan for carbon reductions through 2050.
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As an aside, in November Indiana voters tossed out the state superintendent of public instruction who came up with the state takeover plan that helped lead to the 107-2 girls basketball game.
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For example, in a major victory for Governor Rick Scott, just last month the Florida Supreme Court upheld a law requiring state workers to contribute 3% of their pay to the state pension plan and prospectively workers will no longer receive cost of living adjustments to their pensions.
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Every state has at least one 529 plan, and you do not have to be a resident of the state to invest in its plan.
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Acupuncture lobbyists, say, persuade state legislators to require that every insurance plan in State X cover acupuncture.
Georgia House Speaker Glenn Richardson, a Republican, has been stumping his state pushing a plan that would tax nearly all services to pay for the repeal of most levies on state residents' homes and other property.
Families saving for college, however, would do better by using a 529 state college savings plan.
But several of the five judges who graded the application were not impressed with the state's plan.
Rees said the AFL-CIO was "actively monitoring" Chinese state companies that plan to raise money in U.S. markets.
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