State Treasurer of Iowa

State Treasurer of Iowa News: 1st Quarter

State Treasurer Michael L. Fitzgerald is pleased to announce the overall results of the unclaimed property eBay auctions. “Since launching in December, we have brought in over $10,000 that we will hold for the owners to claim at any time. Many items were one of kind and unique collectibles that...
 
State Treasurer Michael L. Fitzgerald wants to encourage Iowans to start saving early for future education expenses. “We want parents to know it is never too soon to start planning,” Fitzgerald said. “And as a way to encourage families to take the first step towards saving, College Savings Iowa is giving away a $5,290 account this spring.” Visit collegesavingsiowa.com to enter the giveaway and see the official rules.
 
College Savings Iowa offers families a tax advantaged way to save money for their children’s higher education. It only takes $25 to open an account, and anyone – parents, grandparents, friends and relatives – can invest in College Savings Iowa on behalf of a child. Iowa taxpayers have the additional benefit of being able to deduct contributions up to $3,098 per beneficiary account from their 2014 Iowa adjusted gross income.*

Investors do not need to be a state resident and can withdraw their investment federally tax-free to pay for qualified higher education expenses, which includes tuition, books, supplies and certain room and board costs at any eligible college, university, community college or technical training school in the United States or abroad.** To learn more about College Savings Iowa, please visit collegesavingsiowa.com or call 1-888-672-9116. For more information about future giveaways and events find College Savings Iowa on Facebook and Twitter.

 
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Spring Clean your Finances!

Spring has sprung and people all over the state are gearing up for some spring cleaning.  Though most people have their hands full when they decide to take on spring cleaning, I hope you’ll take this opportunity to organize more than just your home.

With all of its new beginnings, spring is the perfect time to tidy up your finances and get organized. As the year progresses, it’s easy to let receipts pile up, forget to balance your checkbook or lose track of important documents. Now is the time to sort through those stacks of paper and come up with an organizational system that works for you. Some people find a filing system to be the best way to organize their finances, while others prefer binders. Whatever your preference, take a look at this link for some help locating and organizing your important documents.
 
A little time spent organizing your finances now will save you a lot of time later on.
State Treasurer Michael L. Fitzgerald reported outstanding debt obligations for state and local governments in Iowa totaled $14.8 billion as of June 30, 2013. "This represents an increase of 2.9% from last year,” Fitzgerald noted. Cities, school districts and the Board of Regents showed the largest increases in long-term liabilities...
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