Personal Finance

Thursday, August 31, 2017

The ABCs of 529 Plans

If you're already saving for college, you've probably heard about 529 plans. 529 plans are revolutionizing the way parents and grandparents save for college, similar to the way 401(k) plans revolutionized retirement savings. Americans are pouring billions of dollars into 529 plans, and contributions are expected to increase dramatically in the coming decade. Where did these plans come from and what makes them so attractive?



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Monday, August 14, 2017

Evaluating Your College Savings Withdrawal Strategy

Congratulations—your child has been accepted into college! As you prepare for this exciting transition, it is likely that you have been saving for some time, and now you are ready to start withdrawing from your college savings account(s). As you begin the process of developing an appropriate spend-down strategy, it is important that you consider how to distribute your assets in a tax-efficient manner while leveraging financial aid benefits and continuing to maximize current savings.



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Tuesday, August 1, 2017

Saving for Retirement and a Child’s Education at the Same Time

You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle the two? The truth is, saving for your retirement and your child's education at the same time can be a challenge. But take heartyou may be able to reach both goals if you make some smart choices now.



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