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The Rise of the Cryptocurrencies

Roughly seven years ago, Laszlo Hanyecz made a proposition on an Internet forum. Hanyecz was looking for someone to send him some pizza, so he could cure his hunger pangs. In return, he offered up 10,000 units of a little-known currency called bitcoin. Hanyecz ended up getting two Papa John’s pizzas for his bitcoin payment (which at the time was worth around $41). The exchange marked the first known purchase involving a cryptocurrency, yet for Hanyecz this turned out to be a pretty sour deal; based on their value as of October 3, 2017, those 10,000 bitcoins would now be worth in excess of $40 million! Bitcoin has made significant strides since that first pizza transaction. Its early years we

Which College Savings Plan Is Right for You?

The cost of college is steadily rising, and student loan debt has reached crisis status. What does this mean for you? It is more important than ever to commit to saving for the education expenses of the future scholars in your life. But making that commitment to save is just the first step. Next, you must decide on the right savings plan—a 529 plan, a Coverdell Education Savings Account, or a custodial account—a decision that should not be made lightly. These account types differ in ways both big and small, and choosing the best option for your situation requires a careful analysis of each. The 529 plan The 529 plan gets its name from section 529 of the Internal Revenue Code (IRC). This pla

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