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The Sage of Omaha says, “Buy Index Funds”
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What You Didn’t Know About 529 Plans
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The Sage of Omaha says, “Buy Index Funds”

Buffett Agrees - Invest in Index FundsThe question of whether one should use a passive investment strategy (in which you buy an entire market index) vs. an active strategy (in which you try to figure out which specific securities will outperform and invest in those) is one that can produce passionate responses. Express a strong opinion in favor of one dogma or the other in the midst of a bunch of financial types, and a brawl may ensue.

So it’s interesting to hear that Warren Buffett, who has made his fortune and reputation as an active investor, has publicly opined that index funds can be a …

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What You Didn’t Know About 529 Plans

Saving for CollegeRecently someone said to me that the only reason she invested in a 529 savings plan for her child was that everyone she knew had done the same thing. Often people have at best a vague understanding of how these plans work, why they are a desirable way to save for college, or how to select a plan that suits their needs.

I’ve found that most people don’t understand that there are actually two types of 529 plan.  There are “prepaid” 529 plans and 529 “savings” plans; they differ significantly in some respects.  In both types, state tax deductions may …

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