Archive for January, 2009

Scholastic Aptitude Test: The Basics

Friday, January 30th, 2009

College admissions decisions, and sometimes even your future employment, may depend partly on the scores of your scholastic aptitude test (SAT). That’s why it’s so important to prepare for the test so you can do well and accurately show what you know and what you can do with your knowledge. Online test preparation software, as well as the standardized Preliminary SAT (PSAT), help students to prepare for the exam. The Scholastic Aptitude Test consists of one writing section, one mathematics section, and one critical reading section. Each is scored between 200 and 800. The SAT Subject Tests (formerly called the Achievement Tests) are also beneficial to take in addition.

Do We Have to Pay Taxes on Earnings of an Education IRA?

Tuesday, January 13th, 2009

I am trying to figure out which type of education savings plan will give us the most tax benefits. Right now I am looking into the Education Ira. Can anyone tell me whether or not you have to pay taxes on the earnings of the money you invest in this type of IRA? I don’t want my kids to owe taxes on this when they withdraw it to pay for school. How exactly does this work? I would love it if someone could tell me where I can go to find out more information on this type of IRA so that I can make an informed decision.