Almost half of all Americans who ran up student loan debt regret not choosing a cheaper college. That’s a mistake you don’t want to make. Excessive student debt can put you into a hole you can’t easily climb out of. Many grads struggle so much to make monthly payments that they have to put other […]
Summary Congratulations! You’ve already set up a 529 college plan for your son, daughter, or grandchild. That is a smart move that can potentially save you thousands of dollars in taxes and start your student down the path to graduation day. But do you know how to unlock the most value from your 529 plan? […]
The Florida Prepaid College Plan Is Giving Out $225 Million In Refunds. Is Some Of That Money Yours?
If you have kids who participated in the Florida Prepaid college tuition plan, there may be a big refund waiting for you. $225 million in refunds, to be exact. Here’s the details. Where did all these refunds come from? Earlier this year, the Florida Prepaid college tuition plan recalculated college costs and realized college tuition […]
Your college student may have received a refund for tuition, fees, room and board, or other qualified higher education expenses due to COVID-19. If you withdrew funds from your student’s 529 account to pay the expenses, you may be able to deposit the refund back to the 529 account. To put the funds back into the […]
Introduction: There is nothing more inspirational or powerful than watching a woman transform her life to create new opportunities and possibilities for herself. As we approach July 4 and the celebration of our nation’s Independence, join with us in celebrating some of these women as they share their stories – in their own words – […]
Congratulations to the five South Florida women who each won $1,000 college scholarships last week from the Broward Women’s Alliance! Each scholar was selected after displaying remarkable academic achievement, extra-curricular participation and community service. This is the 23rd consecutive year the awards have been given to local women who need support to advance their professional goals […]
If you’re looking for an affordable way to lock in college costs for your kids or grandkids, without being affected by the ups and downs of the market, take a good look at the Florida Prepaid College Plan. It’s open for new enrollment until April 30, and is now offering the lowest Prepaid Plan prices in […]
Thousands of lucky families across Florida, who are using Florida’s Prepaid College Plan to cover the future cost of college, got a pleasant surprise last week. The state has cut costs and will be refunding $500 million dollars, or about $4,700 per household. This reduction has been made possible due to successive years of lower than […]
A new provision in the recently passed SECURE Act may come in handy for parents who have a little extra money left in their kids’ 529 accounts. Under the new legislation, you can now withdraw up to $10,000 tax-free per 529 beneficiary to pay down a qualified student loan. Note that this is a once-in-a-lifetime […]
Investment research experts at Morningstar have announced their winners for Top 529 College Savings Plans for 2019. You’re probably familiar with 529 plans. These are great ways to save for college for your kids or grandkids. Your money grows tax-free, and withdrawals are tax-free as well when used to pay for college expenses. That makes […]
About Mari Adam, CFP®
Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for twenty five years. Mari has appeared in publications such as Business Week, CBS MarketWatch, Wall Street Journal, Kiplinger’s, Newsweek, and Money Magazine.
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