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Some Common Questions About 529 Savings Plans

February 22nd, 2010

25 families won more than $40,000 for their 529 college savings plans by participating in our family friendly fantasy fantasy football games. These winners came from a lot of states and have various options when it comes to their 529 savings plans awards. We are excited about the winners, their performances, and their great efforts during fantasy football season.

You can read some common questions about 529 plans from the College Savings Plans Network website. Here are a few of the common questions.

Q. Can anyone open a 529 account? What about grandparents?
A. A 529 account can be opened by anyone. Grandparents, other relatives or family friends can all be account owners, or simply choose to contribute to an existing account. In most states, a trust, corporation, non-profit or government entity can also open an account.

Q. Does my child have to go to an in-state school?
A. No. Funds can be used at any eligible educational institution in the country to pay for qualified higher education expenses. “Eligible educational institutions” are accredited post-secondary educational institutions offering credit toward a bachelor’s degree, an associate’s degree, a graduate level or professional degree, or another recognized post-secondary credential. Certain proprietary institutions and post-secondary vocational institutions and certain institutions located in foreign countries are also eligible educational institutions. To be an eligible educational institution, the institution must be eligible to participate in U.S. Department of Education student aid programs.

1st Superman Comic Sells for $1 Million

February 22nd, 2010

Smashing a recent record, a rare copy of the comic with the first appearance of Superman went for $1 million in a private sale. Jake Coyle of the USA Today writes about the mystery buyers and sellers (could Jerry Seinfeld be the buyer?):

A rare copy of the first comic book featuring Superman has sold for $1 million, smashing a record set just last

This $1 million comic looks pretty cool. Thanks to USA Today for the information and pic.

This $1 million comic looks pretty cool. Thanks to USA Today for the information and pic.

year.

The issue sold Monday morning is a 1938 edition of Action Comics No. 1, widely considered the Holy Grail of comic books. It features Superman lifting a car on its cover and originally cost 10 cents.

It was sold by a private seller to a private buyer, neither of whom released their names. The sale was conducted by the auction site ComicConnect.com.

The previous comic book record was set last year when $317,000 was paid for the same Action Comics No. 1 issue. This copy fetched a much higher price because it’s in better condition.

We are not big comic collectors, but Spider Man, Wolverine, and their buddies make a consistent appearance around our house and at birthday parties, online, and other places. Do you guys collect them? Let us know what your favorite comics are.

Does Your Child Have Technology in Their DNA?

February 9th, 2010

There is a great article in USA Today about the iGeneration of kids, those kids who have grown up with technology ever present. The people quoted in the article discuss the difference between this new generation of tech savvy kids and the Millenial Generation, some of whom are now approaching thirty. From the piece,

The difference is that these younger kids “don’t remember a time without the constant connectivity to the world that these technologies bring,” she says. “They’re growing up with expectations of always being present in a social way — always being available to peers wherever you are.”

The contrast between Millennials and this younger group was so evident to psychologist Larry Rosen of California State University-Dominguez Hills that he has declared the birth of a new generation in a new book, Rewired: Understanding the iGeneration and the Way they Learn, out next month. Rosen says the tech-dominated life experience of those born since the early 1990s is so different from the Millennials he wrote about in his 2007 book, Me, MySpace and I: Parenting the Net Generation, that they warrant the distinction of a new generation, which he has dubbed the “iGeneration.”

“The technology is the easiest way to see it, but it’s also a mind-set, and the mind-set goes with the little ‘i,’ which I’m taking to stand for ‘individualized,’ ” Rosen says. “Everything is customized and individualized to ‘me.’ My music choices are customizable to ‘me.’ What I watch on TV any instant is customizable to ‘me.’ “

This kind of thing happens with my kids and my nieces and nephews all the time — this crew ranges in age from 3 to 11. They can and navigate iPhones, Wii games, various websites, and other technologies that allow them to do or see what they want when they want. It is both great and terrifying.

The article also discusses how education will have to undergo radical changes to stay up to date with this generation as they move through the school system.

They know almost every piece of information they want is at their disposal whenever they need it,” Verhaagen says. “They’re less interested in learning facts and learning data than in knowing how to gain access to it and synthesize it and integrate it into their life. We’re talking about kids in elementary school and up and talking about much younger children who know how to get ahold of information. Their brains are developing in ways where they’re taking in astronomical amounts of information, screening out unimportant details and focusing on the parts they need.”

Further issues related to kids and technology are health and obesity. First Lady Michelle Obama recently launched a campaign to combat childhood obesity and technology usage is sure to be an issue.

Best Value Colleges for 2010

January 13th, 2010

The 100 best value colleges list from USA Today and Princeton Review has been published for 2010. As the report points out, costs have been skyrocketing for the past 10 years. With the last few years of recession, this list has become more valuable than ever. University of Virginia (Charlottsville) is the best value in public colleges and the best value among private schools is Swarthmore College (Swarthore, PA). There are some solid interactive features at the link above.

WSJ at Consumer Electronics Show Offers 10 Great Gadgets for 2010

January 7th, 2010

Gotta love the opening of this article from the Consumer Electronics Show: “For an industry rocked by recession, consumer electronics firms have really been working hard to improve their offerings,” say the articles authors.

That translates to very good news for consumers who are looking to take advantage of all kinds of digital technologies — from smart phones like the iPhone and NexusOne to digital photography, radio, and navigation. There is awesome stuff for home and office usage.

Here is a review of a digital workout assistant that is within the article by Don Clark and Ben Charny at the Wall Street Journal,

PHILIPS ACTIVA

What it is: A workout companion that pumps you up

Price: $129

Availability: April

Most music players make poor workout companions because all they do is play music, Royal Philips Electronics says. That’s why it developed the Activa, which doesn’t just play pre-selected music as you churn on the treadmill.

Among other things, the gadget can sense a workout’s pace and select songs from a Philips library that tries to match it, using a technology called TempMusic. The Activa also shouts words of encouragement into your ears when it senses you need a boost, plus provides details about your current workout, such as calories burned, time, distance and how the readings measure up to goals you created for yourself.

That sounds pretty cool to me. There are lots of affordable technologies out there that families can use to spend time out there? What are your favorites? The Wii? Using Nav systems on road trips?

Will 2010 Be the Year of 3D?

January 6th, 2010

With Avatar in the theaters, talk of a 3D cable channel, and ESPN announcing a 3D network, watching in a 3rd dimension is about to become normal. Maybe the new HD? The USA Today is visiting the Consumer Electronic Show and they say 2010 will be the year of 3D. It appears that in the early phases it will cost a couple of thousand dollars to get a big 3D tv (there isn’t likely to be a market for small 3D sets initially).

Edward C. Baig of the USA Today writes,

The flat, familiar, two-dimensional television image at the center of your home theater is about to take on the lifelike illusion of depth. At least that’s the way the future looks through the spectacles of Hollywood studios, TV networks and consumer electronics manufacturers as they prepare to launch a massive effort to bring 3D from the silver screen into your living room.

“2010 will be the year in which 3D is brought to the home,” DreamWorks Animation CEO Jeffrey Katzenberg says. He’s so bullish on the technology that he’s committed his studio to make 3D versions of all of its future movies.

This week, ESPN announced plans to launch an all-sports 3D network on June 11, starting with World Cup soccer and eventually including the Summer X Games (extreme sports) and college basketball and college football. ESPN 3D will have at least 85 live 3D sporting events, the Disney-owned network promises.

Being a Better Parent in 2010

January 4th, 2010

Some good advice for the year ahead from our friends at the National Fatherhood Initiative on how to be the best parent you can be in 2010. They have an entire curriculum, but this is a good short piece on listening and making your kids feel valued. Good stuff that we could all use in the year ahead. Here is small sample.

Listen First, Talk Second. When you take time to listen to your children first — instead of talking first or trying to impart your wisdom without letting them have their say - you make them feel valued. They’ll be more apt to listen and will be more likely to come to you with their problems if you let them know you value them, their thoughts, and their feelings, and that you are listening to what they have to say.

Healthy Holiday Pies from LiveStrong.com

December 15th, 2009

Our friends over at the Livestrong Foundation have published a great piece (no pun intended) on making healthy holiday pies. Check out some of their tips  for pumpkin, fruit, and meringue pies. Yummy! Below are their thoughts on making pumpkin pie healthy.

Pumpkin Pie

Holiday pumpkin pies are easy to make and healthy to eat. This is because the main ingredient, pumpkin, contains no fat and is packed with vitamins. To alter a pumpkin pie recipe and make it a healthier version, replace a standard version of condensed milk with a low-fat version. Use a pie crust that uses graham crackers as the base, instead of flour and butter, which contains high amounts of fat. The result will be a delicious pumpkin pie that contains significantly lower fat and calories.

Great Gifts for Mom: NFL Earrings

December 14th, 2009

Our friends over at My Team Bling have some great NFL Earrings that will put a smile on the face of any NFL fan. Check em out, they have a large selection of teams and styles.  Remember to order soon as they are offering a flat shipping fee of $5.95 on any size order!

Green Bay Packers 10K Gold Dangle Earrings are a perfect gift for the Cheesehead mommy in your family.

Green Bay Packers 10K Gold Dangle Earrings are a perfect gift for the Cheesehead mommy in your family.

Get the kids active this Thanksgiving

November 25th, 2009

Are you looking for a way to get the kids active this Thanksgiving?  There has to be something for them to do that is a little more engaging than sitting on the couch watching TV.  Here are some activities and games from Catherine Holecko that will make Thanksgiving a more fun and active holiday for the kids.

Our favorite idea is definitely playing football!  While Sal doesn’t like mashed potatoes and Taz isn’t a big fan of turkey, we did agree that getting out and playing some football with the family is a Thanksgiving must.  Whether you have your own Turkey Bowl at the local park or simply throw the ball around in the backyard, nothing goes better with Thanksgiving than football!

Check out these other ways to get the family fit at Catherine’s Family Fitness blog.

HAVE A GREAT THANKSGIVING!



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