Word: hope
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...lost $8,000, you'll get a $6,000 write-off at most. Perhaps most important, you can't claim any 529 losses under the alternative minimum tax, or AMT (my husband and I were subject to the AMT this year, so that put the kibosh on the hope of a tax break for us). "The tax treatment is not ideal," says Mark Luscombe, principal tax analyst at CCH. "And it's easy to mess it up." (For a complete rundown of the rules, see IRS Publication...
...better off cashing in and parking the money in an online savings account or money market fund. Finally, if you have other resources to cover college costs for the next couple of years, says Levin, your best option may be to leave the 529 untouched and hope to make up some of the losses. After all, Levin notes, "You'll see growth in the account again. You just don't exactly know when...
...that in 2004 the CIA obtained half of its reporting on this organization from detainees, many of whom "confessed" under abusive interrogation. A complete investigation into the quality of that information, I suspect, will prove we are going through this national trauma and international humiliation for absolutely nothing. I hope I am wrong, but unless Washington takes the steps to open the historical record to more scrutiny, no one will be able to prove it. (Read Six Ways...
Since companies aren't likely to stop paying ransoms, Hillary Clinton on Wednesday told reporters that the State Department was working with shipping and insurance companies to "address gaps in their self-defense measures," in the hope that they can avoid being seized in the first place. Clinton's strategy announcement came days after U.S. Navy SEAL snipers killed three pirates who were holding Richard Phillips, the captain of the container vessel Maersk Alabama - the first U.S.-flagged ship to be seized off Somalia. The last-resort military rescue plan was put into action after ransom negotiations had broken down...
...same time, if Chávez and other Latin leftists want Obama to read Galeano, they in turn should read Obama. In his own books, like The Audacity of Hope, Obama lays out the common-sense, post-ideological political philosophy that has led to the U.S. shift on Latin America that so many in the region are now applauding. It's something Latin America's yanqui-bashers, if they want to keep receiving applause from Latin voters themselves, should keep in mind...