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...Your chances of getting a tax break. The bad news is that in many cases, investors can't write off as much as they might think. Among the restrictions: you must completely liquidate your account in order to claim a loss. You have to claim it as a miscellaneous deduction, which means you can only deduct losses that exceed 2% of your adjusted gross income (AGI); other miscellaneous deductions can include IRA losses and fees paid to a financial adviser. So if your AGI is $100,000, for example, and your 529 lost...

Author: /time Magazine | Title: Paying for College: What to Do with a Tanking 529 | 4/21/2009 | See Source »

Chrin will be leaving the bank on June 15 and begin teaching full-time at Lehigh starting in the fall. "The country is in bad shape right now, and if I can help some students, that will make me feel good," says Chrin. "I can offer them a real-world perspective to what happens in the boardroom...

Author: /time Magazine | Title: Wall Street's Elite Head to Campus — for Jobs | 4/21/2009 | See Source »

...week. Some of the data from the government and associations that keep track of economic indicators got a bit worse. But, that was not the tipping point. What was is when analysts started to take data that was a day or two old and spin it from good to bad. No amount of psychotherapy would break them of the habit of changing their minds so quickly. Fickleness ruined the impression that the financial world was getting better and that by the end of the year GDP would be rising again...

Author: /time Magazine | Title: Who Stole the Recovery? | 4/21/2009 | See Source »

...tried to pace out writing the hard chapters. The one about the Klebolds' funeral for [Dylan] was really hard, which I didn't expect. To empathize with a killer is hard. You don't want to go there, but you have to. We've all got good and bad and nasty urges...

Author: /time Magazine | Title: Explaining Columbine | 4/20/2009 | See Source »

...space in public or private columbaria for the remains of up to half of the people who die each year, according to government estimates. The construction of new columbaria is regularly mooted, but neighborhood resistance scuppers the plans. Residents worry that proximity to such buildings will bring them bad feng shui and lure large crowds during ancestral-worship festivals. "We Chinese call a place for the dead yum chaak, and a place for the living yeung chaak. They cannot be mixed," says Kenneth Leung, a funeral coordinator. "Nobody wants cemeteries or columbaria near their homes - yet everybody needs them...

Author: /time Magazine | Title: In Hong Kong, Even the Dead Wait in Line | 4/20/2009 | See Source »

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