Are You Saving Too Much For Your Kids’ College?
With the average cost of college nearing $33,000 per year, few parents have concerns about saving too much for their kids’ college. But that doesn’t
With the average cost of college nearing $33,000 per year, few parents have concerns about saving too much for their kids’ college. But that doesn’t
Couples with strong cash flows may be eager to start planning for the future. With extra cash laying around, some investors may decide to start
Updated for 2023. Should you use a 529 plan to pay for private school? The 2017 tax reform legislation included sweeping changes to our tax
Section 2: Understanding 529 Plans: Key Terminology Understanding the terminology is a key component to developing a college savings and investment plan. The terms are defined
Qualified tuition programs (also called QTPs and 529 plans) are actually quite straightforward by themselves. Plans typically offer simple investment choices such an age-based asset
Section 5: Common 529 Mistakes It is difficult to execute a “perfect” college planning strategy as there are often so many unknowns. However, it is
Section 3: Investment Options and Fees As previously discussed, plans typically offer prepackaged portfolios in 529 plans. Options may include age-based portfolios, risk-based, or interest-only
Section 4: Strategies to Save for College Even high-income families are concerned about paying for college. Even if funding isn’t a big issue, what is the
Whether celebrating the arrival of a new nephew or a granddaughter’s first birthday, relatives (and friends) are often looking for meaningful gifts for their loved