Tag Archives | 529 plans
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Florida Prepaid College Plan Now Open For Enrollment

If you’re looking for an affordable way to lock in college costs for your kids or grandkids, without ever having to worry about the ups and downs of the market, take a good look at the Florida Prepaid College Plan. It’s open for new enrollment with prices guaranteed through April 30. Plan sponsors advertise the Florida 529 Prepaid Plan as the […]

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Top 5 Questions Parents Ask About Using Their College 529 Plans

Setting up 529 college savings plans for your children or grandchildren is a smart move that can potentially save you thousands of dollars in taxes and soothe some of the anxiety about how to pay for college. In almost three decades as a practicing CERTIFIED FINANCIAL PLANNER™ professional, I’ve helped many parents establish 529 plans for their children. […]

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Holiday Giving: The Gift Of Education for Hanukkah

For many people, the holidays are all about giving. So we were thrilled when one of our clients called last week to ask us to help her make special gifts from her account to her five grandchildren’s college 529 accounts for Hanukkah. You probably know that parents or grandparents can gift up to $15,000 per […]

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5 Tips To Maximize Your College 529 Plan

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? […]

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Now You Can Use 529 Money To Pay Down Student Loans

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 […]

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Top 529 College Plans: Who Gets The Gold?

We told you in a blog article last month that saving for college using a 529 college savings plan could be one of your smartest moves for the New Year. In fact, independent investment research firm Morningstar estimates that by the time children are ready for college, American households would collectively have $237 billion more in assets if they relied on 529 plans to save […]

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A New Year’s Resolution You Should Make Right Now: Save Smarter For College

The New Year is a time for new beginnings and new resolutions. Here’s one you should make right now. If you are not yet using a college 529 plan to save for college, you should. Leading investment research company Morningstar just released a new study that looked into how American parents save for college. The […]

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New Rules: What You Can Pay For With A 529 Plan

You may already know that there were significant changes to 529 plans with the recent Tax Cuts and Jobs Act. If you expect to pay for elementary, middle or secondary school education for your kids or grandkids, the changes are good news, and will help your money go farther. One major overhaul is that starting in 2018, […]

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Is Your Child’s College Fund Going Down The Tax Drain?

With today’s budget-busting college bills, parents need to make sure their college savings go as far as possible. One of the easiest ways to do that is to save the right way for higher education expenses. Saving for college needn’t be difficult, but we see so many parents going about it all the wrong way. If […]

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College 529 Plans: What To Do When They Don’t Want To Go To College?

We often recommend college 529 savings plans for our clients.  For most people, they are by far the best way to save for college. But here’s a question many parents or grandparents worry about and need answered: What happens to the funds in the account if my beneficiary decides not to go to college?  Here’s […]

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