- By Reprinted with permission of Investment Representative Celine Richardson of EdwardJones
- Business & Technology
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Now that the holidays are here, you're probably looking around for the right gifts for your loved ones. Of course, as you know, it's not always easy to find gifts that are both meaningful and useful. This year, why not add financial gifts to your shopping list? What types of financial gifts should you consider giving? Let's look at a few possibilities:
- Contributions to Section 529 plans - If you have a child (or grandchild) that will be headed off to college in a few years, you may want to contribute to a Section 529 college savings plan. Your earnings and withdrawals will be exempt from federal taxes as long as the money goes toward paying college costs. There may be additional tax benefits to those who participate in their own state's plan. Also, you can contribute generous amounts to your savings plan. Plus, you can change beneficiaries; if you've been putting money in a Section 529 plan for your child or grandchild, and he or she decides to forego college, you can transfer the money to another family member.






Ithaca, NY - Alternatives Federal Credit Union's Business CENTS program is introducing an intensive, one-day business plan writing workshop for existing or aspiring entrepreneurs. The workshop will take place Saturday, December 15, from 9:00 - 3:00 p.m. at Alternatives, 125 N. Fulton Street, in Ithaca. The workshop fee is $15 and registration is mandatory. Space is limited; first come first serve. 
ITHACA, NY - Arrangements are being completed for transferring ownership of the Bill Cooke Chevrolet-Cadillac Inc. franchise to the Maguire auto group, which includes dealerships in Ithaca and Trumansburg. The transfer, announced November 2 by William E. (Will) Cooke, is expected to take place later this month. 