Daily Archives: October 8, 2012 - 5 results

College tuition for a child born in 2012 is predicted to be more than $100,000 per year by the time this child reaches college age. Parents who plan to send their kids to college know that they need to start saving early. One good to save for college is through a 529 plan. Some new parents, in fact, now open a 529 account for their newborns and register for cash gifts.   529 Plans A 529 plan is a tax-advantaged …

Carl Funk, 58, told Broward County, Fla., judge John Hurley (on a video feed from jail to a courtroom) that he is innocent of the seven-year-old charges (trespassing and open-alcoholic-container counts) and that, besides, he is now wheelchair-bound in pathetic medical condition and should be allowed to go home. The judge was skeptical, but finally, according to a South Florida Sun-Sentinel report, he offered to fine Funk only $50 on the charges, and Funk agreed to plead guilty. “Good luck, …

Concussions — and the lawsuits that apparently follow — are not just for professional football players. College athletes from a variety of sports are piling on to sue the NCAA over the lasting effects of severe head injuries. A class action filed in September 2011 by former Eastern Illinois University football player Adrian Arrington has been joined by other injured hockey, lacrosse and soccer players — most recently by Angelica Palacios, a former soccer player for Ouachita Baptist University. Palacios …

Brian France, CEO of NASCAR and one of the most powerful — and wealthiest — figures in sports, is asking a North Carolina court to seal the records of his divorce settlement to keep its details secret. The records of court proceedings are usually a matter of public record and can only be sealed in certain circumstances.  Ironically Brian France’s efforts have attracted the attention of the media, and we do know some details about the legal wrangling between the …

While the mortgage crisis seems to have fallen out of the news, seniors in particular are still reeling from its effects. Caught in a cycle of decreasing income but increasing expenses, seniors have proven especially vulnerable to foreclosures. From 2007 to 2011, more than 1.5 million older Americans lost their homes as a result of the mortgage crisis, and millions more were underwater (meaning they owe more than their home is worth), according to the AARP. “I have seen a …