Tag Archives | 529 plans

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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Affluent Parents “Leaving Money On The Table” When Paying For College

“Affluent parents are leaving money on the table” when it comes to paying for college, says research by investment firm Legg Mason. The main reasons? Parents neglect getting informed guidance from those who can help them, like their financial advisors, and make many planning mistakes, including failing to take advantage of tax-favored programs like 529 plans. Legg Mason’s 2012 Intergenerational Survey of College Finances documents how […]

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