Personal Finance Daily: Are tax-free education accounts right for you?

	Personal Finance Daily MAY 22, 2012 Tuesday's Personal Finance Stories By MarketWatch Don't miss these top stories: Are tax-free education accounts right for you? Where the stock and bond bargains are hiding Social media investment bubble has popped Eva Rosenberg writes in our TaxWatch column about the pros and cons of tax-free education accounts for college savings. Is it a good idea to put money into specialized accounts that avoid taxes but don't provide a current tax deduction? With today's rates of return, some people could be better off with unrestricted savings. — Anne Stanley , managing editor, Personal Finance Are tax-free education accounts right for you? Is it still a good idea to put money into specialized accounts that avoid taxes, but don't provide a current tax deduction? Section 529 plans and Coverdell Education Savings Accounts come with penalties and restrictions on the use of the funds. With today's rate of return, would you be better off with unrestricted savings? Read more: Are tax-free education accounts right for you? Where the stock and bond bargains are hiding Both the safest and the riskiest assets are overbought. Jack Hough hunts for the best deals in the middle. Read more: Where the stock and bond bargains are hiding. INVESTING Leading indicators of a market top If the bull market came to an end earlier this month, it will go down in history as a particularly unusual market top. Read more: Leading indicators of a market top. Better red ink than dead economy For the second time in two years, the U.S. economy is in danger of being unable to borrow money to meet its obligations. But politicians should remember that red ink is better than a dead economy. Read more: Better red ink than dead economy. Social media investment bubble has popped That fizzing sound you just heard coming from Wall Street in the wake of the Facebook Inc. (FB) initial public offering was the sound of a bubble deflating. Read more: Social-media investment bubble has popped. How Facebook could destroy the U.S. economy Global economy-killer? Yes, Facebook joins my list of global macroeconomic triggers (deadly unpredictable Black Swans like the dot-coms in 2000, subprimes in 2008) that the denial system driving the collective brain of American investors will simply tune out, till it's too late. Till a crash takes the economy down again. Read more: How Facebook could destroy the U.S. economy. ECONOMY & POLITICS Sales of existing homes climb 3%; prices spike Sales rose for the 10th straight month in April as the housing-market recovery continued to take root. Read more: Sales of existing homes climb 3%. Obama spending binge never happened Of all the falsehoods told about President Barack Obama, the biggest whopper is the one about his reckless spending spree. In fact, government spending is rising at the slowest pace in nearly 60 years, writes Rex Nutting. Read more: Obama spending binge never happened. Greek leader defies France, Germany on their turf Alexis Tsipras, the leader of the Greek opposition, takes the fight directly to Paris and Berlin, where he warns of a larger calamity if Greece is cut off, Darrell Delamaide reports. Read more: Greek leader defies France, Germany on their turf. Get the latest news on our mobile site: http://www.marketwatch.com/m MarketWatch has sent you this newsletter because you signed up to receive it. To ensure you receive this newsletter in the future, please add marketwatchmail.com to your list of approved senders. Sent to: kumaresan.selva.blogger@gmail.com Unsubscribe | Subscribe Copyright 2012 MarketWatch, Inc. All rights reserved. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. By using this site, you agree to the Terms of Service and Privacy Policy (updated 6/26/07). MarketWatch - Attn: Customer Service, 201 California St., San Francisco, CA 94111