What is the best way for parents to make the most of the extra $250 to $300 a month? Across the state, Florida families have started receiving monthly Child Tax Credit payments that took effect last month as part of the federal government’s pandemic relief. According to the IRS, 90% of American families with children […]
Tag Archives | saving for college
Celebrating National 529 Day on May 29!
Congratulations! It’s National 529 Day on May 29 (Get it? 5/29?). There’s reason to celebrate if you’re one of the smart parents or grandparents who have opened 529 college savings accounts for your favorite student. There are over 15 million accounts out there, and 529 savings accounts are definitely the most effective way to save […]
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 […]
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. […]
Florida Prepaid College Plan Now Open For Enrollment Until April 30
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 […]
Who’s The Best? These 529 College Savings Plans Are, According To Morningstar
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 […]
Got A Job? Why Your High School Student Should Save Using A Roth
I met recently with the parent of a high school student who was thinking about ways her daughter could save for the future without jeopardizing any potential college financial aid. That’s a concern other parents may have as well. If your high school student works and earns money from a job, a Roth IRA is […]
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 […]
Parents, Don’t Even THINK Of Paying For College Until You’ve Done This First!
Know how they tell you in the airplane that, if there’s an emergency, you should put on your own oxygen mask first before helping others? The same principle applies to personal finance. There’s a definite hierarchy you should follow when you strategize on how to reach your – and your family’s – financial goals. As much as we […]
About Mari Adam, CFP®
Mari Adam, Certified Financial Planner™ has helped hundreds of individuals and families build wealth and plan for a more secure financial future for over 30 years. Her advice has appeared in publications such as Wall Street Journal, Kiplinger’s, Money Magazine, Business Week, and CBS MarketWatch.
