Waynedale Business

If you have children who will be attending college in a few years, you recently got a nice pre-enrollment gift from the government. Specifically, the Tax Relief Act of 2001 enhanced the Coverdell Savings Plan (formerly the Education IRA) and Section 529 plans, giving you more attractive options for college funding.

 

Let's take a look at how these plans compare in some key areas:

• Tax advantages - Your contributions to a Coverdell Savings Plan are not tax-deductible, but all earnings and...

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Ridenour Twins Service re-opened its doors in late December. It is under new management at 6801 Old Trail Road. Mike Smith will be the new manager with over 15 years experience in the auto repair business. Mike is ASE Certified and will be supported by a crew of ASE Certified Technicians and one ASE Master Technician, Tom Spencer. Tom's specialty is for those hard-to-find problems.

"When the weather breaks, the corner building will be getting a face-lift, but the long-time high-quality...

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Newly admitted attorney Brent L. Klender has joined the offices of James E. Springer as an associate. Brent spent his early childhood with his mother Sandra (Keller) Klender on Bradbury Avenue and later on Indianapolis Road. He attended grade school at Haley Elementary, Blackhawk Middle, and graduated from Snider High School. Then he attended IPFW, earned his undergraduate degree from Indiana Wesleyan University, and graduated from Ohio Northern University with a Juris Doctorate on May 13,...

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Is there ever a "bad time" to invest? A lot of people have thought so, for one reason or another - but they've usually been proved wrong.

Just glance back over the past 20 years. We've had plenty of economic and financial events that probably caused many people to delay investing. But their hesitancy proved expensive. Consider these bits of history:

• Recession - It's the first day of 1982, and we're in the middle of a recession - so you think twice about venturing into the market. But if you...

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Waynedale Attorney, James E. Springer, has been elected to the position of Chairman of the Indiana State Bar Association, General Practice, Solo and Small Firm Section for the upcoming year. Attorney Springer previously served as the Newsletter Editor and a Delegate representing the 4th District for the prior four years.

The GP Section is the largest section of the Indiana State Bar Association and represents the interests of solo and small firm law offices throughout the State of Indiana.

It's a good idea to limit your credit card debt as much as possible. This type of debt typically carries a high interest rate and is not tax-deductible. There can be advantages, however, to using plastic, particularly in those instances when it's best not to carry much cash. But now, more than ever you need to use credit responsibly.

Why? Because some credit card issuers are bumping up their late fees and becoming more aggressive about imposing penalty interest rates. With some cards, only one...

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