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Monday, December 16, 2013

Reuters Money: Should you super-fund your 529 college savings plan?

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12/16/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Should you super-fund your 529 college savings plan?
NEW YORK (Reuters) - With college costs already astronomical and rising, saving for them isn't just a year-end thing. But if those prices - averaging $40,917 a year for a private four-year college or $18,391 for a state school, according to the College Board - have got you down, there are some ways to max out your savings before 2013 ends.
JPMorgan, other employers move to cover costly autism therapies
Boston (REUTERS) - Michael Giangregorio's son Nicholas was diagnosed as severely autistic when he was 18 months old. Now 12, Nicholas requires nearly round-the-clock care - special schooling as well as speech, occupational and physical therapy - that can cost tens of thousands of dollars a year.
Several Swiss cantonal banks to join U.S. tax deal
ZURICH (Reuters) - Several Swiss regional banks said on Monday they would cooperate with U.S. officials to avoid prosecution in a crackdown on Swiss lenders suspected of helping wealthy Americans evade taxes through offshore accounts.
Swiss banker in eye of U.S. tax evasion storm to face court
MILAN/BOLOGNA (Reuters) - For years, former top Swiss banker Raoul Weil had U.S. charges for allegedly helping rich Americans avoid tax hanging over him.
U.S. Mega Millions jackpot jumps to $550 million
(Reuters) - The U.S. Mega Millions jackpot jumped to an estimated $550 million on Friday, after no winning ticket was sold for the multi-state lottery's second-largest top prize.
China to remove price, turnover guidelines for IPOs, details investor participation
SHANGHAI (Reuters) - China's securities regulators issued fresh details on their plans for the resumption of initial public offerings (IPOs) early next year, eliminating pricing and turnover controls for IPOs while detailing how investor participation will be managed.
UBS ruled not liable to U.S. shareholders for rogue trader
NEW YORK (Reuters) - U.S. securities laws have their limits and do not justify making UBS AG liable to shareholders for touting its ability to control risk even as it harbored a rogue trader who caused $2.3 billion of losses, a federal judge ruled on Friday.
Ex-Chesapeake CEO McClendon, partnership file to raise up to $2 billion
(Reuters) - A partnership related to Chesapeake Energy Corp's former Chief Executive Officer Aubrey McClendon filed for a public offering on Friday to raise up to $2 billion to buy and drill oil and gas properties within the United States.
Amazon pressed on gun accessory sales, a year after Newtown
BOSTON (Reuters) - Activist investors have asked Amazon.com Inc to review its sales of firearms accessories, concerned that the online retailer offers products that could be used to convert semi-automatic rifles into weapons that fire too rapidly to be legal.
LCH.Clearnet expands credit default swap clearing service
LONDON (Reuters) - LCH.Clearnet, the clearing house majority owned by the London Stock Exchange, has expanded its credit default swap (CDS) clearing service, as it seeks to improve efficiency for clients and capitalize on derivatives trading reforms.
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