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529 Plan

How to Save for College Without Sacrificing Retirement

NerdWallet | Posted 09.20.2016 | Business

By Arielle O'Shea I have a 2-year-old, and like most parents, I feel pretty sure my child is a genius in the making. I frequently whisper things lik...

How To Save For Your Kid's College While Planning For Retirement

Holly Kylen | Posted 08.25.2016 | Fifty
Holly Kylen

As a financial advisor, I often work with clients who are concerned about how they are going to fund both their children's education and their own future retirement.

Mindful Spending Part 4: Putting It All Together

Carrie Schwab-Pomerantz, CFP | Posted 05.23.2016 | Business
Carrie Schwab-Pomerantz, CFP

Dear Readers, If you've been following my columns about mindful spending, you know that this is the last week of the 30-day Financial Cleanse. For th...

First Steps for Your Baby's Financial Future

Carrie Schwab-Pomerantz, CFP | Posted 03.14.2016 | Business
Carrie Schwab-Pomerantz, CFP

Dear Carrie, I've just had a baby! Things are pretty crazy in my house right now, but I want to be sure I give my daughter every opportunity I can. I...

Paying for College 101: 5 Tips Parents Need to Know

Jacob Gold | Posted 10.19.2016 | Education
Jacob Gold

We constantly see headlines about the increasing cost of education and the strain it puts on family finances. There is no question that funding a child's college education is one of life's most significant investments. So how can you keep junior's undergrad years from undermining your own retirement savings? The following are several important planning tips to help you ace this test.

A Lottery You Can't Lose

Bob Hildreth | Posted 04.27.2015 | College
Bob Hildreth

Imagine that you have a low-paying job but still manage to save a little for your kids' future every month. Then someone comes along and offers you a chance to win a cash prize.

How Much Money do you Need? | Posted 04.22.2015 | Money

We would all like to have enough money to do the important things: live life, retire comfortably, educate our children, and so on. More importantly, how do you make sure that you have enough to reach these various goals?

5 College Savings Plans That Could Save You Money | Posted 03.31.2015 | Money

he cost of a college education these days (average yearly tuition for 2013-2014) ranges from $8,000 for in-state public college students to $30,000 for private college students, and historically rises faster than the level of inflation.

Obama Dropping Plan To Tax 529 College Savings Plans

Reuters | Posted 03.29.2015 | Politics

WASHINGTON, Jan 27 (Reuters) - President Barack Obama has dropped a controversial proposal to tax "529" college savings plans, a White House officia...

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

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.