How much you should have in a 529 plan to save for college for your children by age, including high and low contributions for public and private school.
I celebrated my first Father’s Day this past weekend. I had a great day celebrating with my family, but the entire day I was stuck thinking about the future and how my life has changed. Am I providing well enough for my family? Am I preparing well enough for the future? Are we saving enough for […]
Tuition and fees are on the rise, and this trend isn’t going to be letting up any time soon. With the rising cost of living in almost all states in the country, most parents with children are beginning to worry about their loved one’s prospects of education and their ability to pay for college. The […]
How to start saving for college with a 529 college savings plan that allows parents and families to save for their children’s education with tax deferred money.
The 529 Plan is a savings plan for college education. The investment earnings grow to meet the higher costs of a future education. With the prepaid tuition option, you can even lock in today’s tuition rates, and the program will pay future college tuition at any of the state’s eligible colleges or universities. Another option […]
There are several different types of education savings accounts that can be used to save for your child’s future education expenses. The two main education savings account vehicles are Coverdell Education Savings Account and a 529 College Savings Plan. Many individuals also create Uniform Gift to Minors Act (UGMA) custodial accounts and provide funds directly […]