The happenings "inside" the Wisconsin State Treasury and across the street at the State Capitol

Archive for May, 2012

FAQ: Are there limitations on EdVest account money?


Yes, their are some limitaions in regards to Room and Board expenses. To begin with, the beneficiary has to be enrolled at least half-time at a post-secondary institution for room and board expenses to be considered an eligible education expense. Additionally if the beneficiary is living in housing operated by the educational institution, the cost cannot exceed what is normally assessed for most students.

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The Economy & You #35: The Cost of Raising the Dropout Age


The public education system continues to face harsh criticism in terms of student achievement.  The need for kids to stay in school as our economy changes to a knowledge-based economy has led to public officials to propose raising the legal age when a child can drop out of school to 18.  Political leaders contend that making kids stay in school longer will lead to higher graduation rates and increased job prospects. This is important as numerous studies have shown that the level of education on has attained is the main factor in determining their income.

CourseHero published an interesting infographic which argues that raising the dropout age may not accomplish what public officials are intending. It is especially interesting as Wisconsin is one of the states examined. (more…)


Your Emergency Fund-Breathing Life Into It


Your Emergency Fund-Breathing Life Into It.


Building credit for college grads


Building credit for college grads.


Treasurer’s Top 5: Ashland County


Ashland, WI

 

Well it’s the start of a new week, and that means a new top 5. Here are the top 5 people in Ashland Countywho have money/assets that belong to them but they don’t know it! Have you searched for your missing cash? 

Ashland County

John Munson – Ashland

Hugh Duncan – Butternut

Robert Wheeler, JR – Ashland

Susan John – Mellen

Fred Oberg – Ashland

If you or someone you know is on this list, please let them know they need to make a claim with the office. They can also call us at 855-375-CASH (2274)


Memorial Day: Are You Actually Observing What the Day Really Means?


Ever since Congress declared Memorial Day a Federal Holiday and gave a 3-day weekend to the country, most Americans shifted their focus from what the day really meant to enjoying the unofficial start of summer. This is an unfortunate trend in our country of declaring national holidays for important events and ignoring what they really mean.

Time for a little history lesson.

The actual start of Memorial Day Observances has been in question since the end of the Civil War. More than 20 towns or cities in the U.S. declare themselves the birthplace of Memorial Day even though Waterloo N.Y. was officially declared the birthplace of Memorial Day by President Lyndon Johnson in May 1966.

General Order 11, made by General John Logan on May 5th, 1868, declared a day of remembrance when flowers were to be placed on the graves of Confederate and Union soldiers. Women’s groups in the South had already been commemorating their dead since 1867 and most of the South ignored the order from the National Commander of the Grand Army of the Republic. By 1890, all states in the North recognized May 30th as Memorial Day to honor the Civil War dead. It wasn’t until after World War 1 that the Southern states began honoring ALL war dead on Memorial Day and it wasn’t until 1971 that the Day was celebrated every year on the last Monday of May.

The day used to mean people would gather at veterans cemeteries and care for the graves of the dead soldiers as well as leave flowers on the headstones. But…does that happen now? Not everywhere.

While you spend time with family and enjoy grilling out, being outdoors and having a good time, remember why you can do that in this country…and the men and women who secured that right. Memorial Day is sacred and solemn. Try to take a few minutes to remember. Visit this website for more information on how to make Memorial Day more important for our country.


The Economy & You #34: Understanding How the State Investment Board Uses Benchmarks


  

Russell 3000 historical graph

Russell 3000 historical graph (Photo credit: Wikipedia)

Recently an article appeared in the May 2012 WRS News newsletter that I thought was informative as to how the State of Wisconsin Investment Board (SWIB) utilizes stock indexes to formulate their performance benchmarks.  The article has been reprinted here for your review. (more…)