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529 Plan

I Just Dropped My Daughter Off At College: From The Emotional To The Financial...

Bradford M. Pine | Posted 11.05.2014 | Money
Bradford M. Pine

What can you do to make sure that your child's transition into college is as comfortable and relaxed as possible, not only emotionally, but financially?

The Best and Worst 529 College Savings Plans of 2014

Chris Wang | Posted 10.22.2014 | Education
Chris Wang

Virtually all my friends have children, from newborns to kindergarten age. We all reminisce about the days when college was a third of the cost and wonder how the heck we will pay for our kids to go to college.

How to Send Your Child to an Elite Private College for Less Than the Cost of a State School

Scott Weingold | Posted 10.13.2014 | College
Scott Weingold

There can be a huge difference between the sticker price and what a parent actually pays for college.

American Money: 529s a Higher Education Tool

Dedrick Muhammad | Posted 09.15.2014 | Black Voices
Dedrick Muhammad

A 529 is an IRA-like education investment account that allows consumers to invest in mutual funds, withdrawing the money later to cover tuition, books and other educational fees.

Should A Financial Advisor Be Handling Your College 529 Plan?

Bradford M. Pine | Posted 07.27.2014 | Money
Bradford M. Pine

When it comes to choosing a 529 plan, many investors go through an advisor without realizing that there's a lower-cost option available, a state-directed plan which bypasses the advisor. Are the extra advisory fees really worth it?

As Student Debt Rises, Is the Allure of College Fading?

Marcos Cordero | Posted 05.28.2014 | College
Marcos Cordero

Is a four-year college education really worth the high price tag when there are cheaper options available?

Give the Gift of College Future

Jodi Okun | Posted 03.05.2014 | Money
Jodi Okun

Parents and grandparents might need to work together to develop a strategy so that their student will be able to receive the gift of a college education. A 529 plan is just one piece of the puzzle when it comes to paying for college these days.

529 Plans: The Tax-Advantaged Savings Account that Can Curb College Debt

Tim Chen | Posted 02.11.2014 | Money
Tim Chen

Americans are getting serious about saving for college. A record total of over $205 billion has been invested in 529 higher education savings plans as of June 2013, according to the non-profit College Savings Plan Network.

Grandparents' 529 College Distributions Can Be a Ticking Time Bomb

Chris Wang | Posted 01.25.2014 | Money
Chris Wang

Are you a grandparent thinking of helping out a grandchild fund their college expenses? Be aware of 529 plan structures to ensure that your gift doesn't turn into a bomb that destroys your grandchild's financial aid.

The Value of Education

Neale Godfrey | Posted 09.08.2013 | College
Neale Godfrey

While a four-year traditional university is preferable, it may not be for everyone -- other post-high school education is also beneficial. Community colleges, vocational training and even online universities play a valuable role.

Stretching Your Tax Refund

Dedrick Muhammad | Posted 06.17.2013 | Black Voices
Dedrick Muhammad

While it is tempting to splurge on your tax refund, dedicating a significant portion of your refund to savings is a great way to establish and/or strengthen your personal economy to weather financial emergencies. Start stretching your tax refund by doing the following.

Get the Guns Out of Your Portfolio

Lee Schneider | Posted 06.05.2013 | Business
Lee Schneider

People have the right to bear arms, but I don't want guns in my stock portfolio, particularly in the 529 college savings plan that I am starting for my youngest son.

The Case For NOT Saving For College

Jeff Bogle | Posted 04.14.2013 | College
Jeff Bogle

Let me make the case that you shouldn't save one penny for your kid's college tuition. Don't even open a 529 college savings account. Unless you've got $10,000 or some eye-popping figure to toss into that bucket every year (if you do, you can probably also do what I'm about to say), Don't. Even. Bother.

The Actual Value of a Diploma

Marcos Cordero | Posted 03.11.2013 | College
Marcos Cordero

The best thing we can do as a community is to encourage our loved ones to start savings as early as possible in order to make the most of savings and to make college education a reality, not a dream.

How You Can Help Your Family's Finances In 10 Minutes

LearnVest | Posted 03.10.2013 | Parents
LearnVest

The New Year is a time to conquer any traces of "put-off-ability," because the longer you put things off, the more you'll continue to put them off. Admittedly, some of the tasks that get pushed off the longest are the ones that can help your financial life.

College Student Loan Debt Crisis and Its Effect on the Economy

Marcos Cordero | Posted 01.14.2013 | College
Marcos Cordero

Debt. We all have it. And we all dream of a day when interest rates and fees are far from us. But what if your debt was so high and so overwhelming that there was no end in sight? Well, unfortunately, that is exactly where student loan debt is heading.

Why You Should Give New Parents Money, Not Gifts

The New York Times | Posted 11.04.2012 | Money

The best gift any of us can give to newborn babies is to point their sleep-deprived parents in the direction of a good 529 or other college savings pl...

10 Things You Didn't Know About Saving For College

The Huffington Post | Bonnie Kavoussi | Posted 05.29.2012 | Money

It may not sound as exciting as Bubble Bath Day (January 8) or National Chili Day (February 22), but May 29 has been dubbed 529 Day by many states in ...

Peace of Mind for Parents of Children With Disabilities

Sen. Bob Casey | Posted 02.15.2012 | Politics
Sen. Bob Casey

Nearly 1 in 5 Americans has a disability. Many are children who have long, productive lives ahead of them. Under current law, these young people cannot save more than $2,000 in assets without losing health care and other federal benefits.

College Savings Plans Should Not Be Defined as Gifts

Liz Mandarano | Posted 05.25.2011 | College
Liz Mandarano

While the topic is hot, Congress and the White House should take the opportunity to exclude investments in college savings plans from the estate and gift tax regulations -- just as they do tuition.

Not a Millionaire? Better Study Gift Tax Rules

Jason Alderman | Posted 11.17.2011 | Healthy Living
Jason Alderman

Millionaires can probably skip this column. Most likely they've already got a team of financial professionals advising them about the best ways to pas...

Turn the Tooth Fairy Into a Teachable Moment

Jason Alderman | Posted 11.17.2011 | Healthy Living
Jason Alderman

Thanks to cherished family traditions like birthday celebrations and presents from Santa and the Tooth Fairy, today's children are often bombarded wit...