#earnings

Unused 529 – how to think about earnings vs. principal for withdrawal

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Unused 529 – how to think about earnings vs. principal for withdrawal I’m confused about how to think about and report on the taxable portion of unused 529 funds. This question is about unqualified withdrawals. Let’s say the account reached $100k, with $75k in principal and $25k in “earnings.” Assuming I make an unqualified distribution, is the first dollar of the distribution taxable at all? Is 25% of that first…

Reddit Personal Finance 953 2024-11-13

Earnings keep increasing and not sure what to do with cash.

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Earnings keep increasing and not sure what to do with cash. I’m not really sure what to do in my situation. And yes, it’s not a bad situation to be in. I am wary of financial managers and advisors as the few people I know who have used them did not have good experiences. Most of the advice was, “Give me access to your funds and I’ll manage them for a fee”, and not a lot of other options. One person lost …

Reddit Personal Finance 1.2k 2024-11-02

IBM shares jump on earnings and revenue beat

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IBM shares jump on earnings and revenue beat IBM reported better-than-expected results for the second quarter, and the company said it’s seeing more business tied to generative artificial intelligence.

CNBC Tech 1.1k 2024-07-25