Uncover strategies to balance your financial goals of saving for college and retirement. Prioritize your future without compromising on any goal.
A 529 plan is a plan operated by a state or educational institution, with tax advantages and potentially other incentives to make it easier to save for college and other post-secondary training for a designated beneficiary, such as a child or grandchild.
May 29th is National 529 College Savings Day. A 529 Plan is a state-sponsored college savings plan that can be used to sock away higher-education money on a tax-free basis. Unfortunately, far too few Americans have 529 plans, perhaps because parents sometimes feeling overwhelmed by the ever-growing price tag of a higher education.
Q: I Would Like to Save My Daughter’s Money That She Receives for Birthdays and Holidays. Where is the Best Place to Put It? A: It’s great that you are thinking of your daughter’s financial future. That shows that you are a conscientious and loving mom – two traits I’m sure your child will appreciate …
One of my lucky readers just got $5,000 from a family member — not for her, but for her young daughter’s college education. Her question: what to do with it? My answer: Put it in a 529 Plan. A 529 Plan is a state-sponsored college savings program. In my opinion, these are hands-down the single …