by Guest | Jun 13, 2019 | 529 Plan
In 1996 the Internal Revenue Code was modified to include Section 529, creating an education savings benefit for higher education. While contributions to the Plan are not tax deductible, the earnings on the Plan are; making the 529 College Savings Plan an excellent...
by Guest | Aug 26, 2016 | 529 Plan, Financial Planning for College
By now most Americans who are saving and investing to pay for college costs have probably heard that so-called 529 college savings plans allow tax-free distributions for qualified education expenses, potentially making them even more attractive and effective than in...
by Guest | Dec 12, 2014 | 529 Plan, Eldercare, Financial Life Plan
I expected a book of cartoons to be laugh-out-loud funny. But I didn’t expect that a story told in sketches would also make me cringe at its honesty or break my heart. In Can’t We Talk About Something More Pleasant?, Roz Chast bares the painful decisions adult...
by Guest | Oct 10, 2014 | 529 Plan, Money, Money Mindset
So who can afford to pay $60,000 a year for a college education? Harvard College has disclosed that the full cost of attending the venerable institution, including tuition, room and board, and fees for the 2014-2015 academic year will be $58,607, up 3.9% from the...
by Guest | Jul 11, 2014 | 529 Plan
Parents looking to take advantage of the many benefits of saving for college with a 529 plan will want to know the full details on which educational expenses qualify for tax-free distribution status — and which do not.1 In Publication 970, the IRS gives detailed...
by Guest | Sep 20, 2013 | 529 Plan, Financial Planning for College
If you’re saving for a child or grandchild’s college education, brace yourself. The annual cost at the typical private university now exceeds $38,000, and the annual cost at the typical public college is greater than $17,000.1 Multiply those figures by...
