1) Discretionary income is the money people use to pay for the necessities of life.
2) Owing more on a home than its current market value is referred as being in default.
3) When one dies without a will, the judge who probates the estate has total control
over the distribution of property.
4) As an owner of a mutual fund share, you receive your capital gains distributions
when you sell your shares.
5) International funds are the only funds that can invest in foreign securities.
6) Deposits into a Section 529 college savings plan are deductible, and withdrawals for
qualified educational expenses are tax-free.