529 Education Plans
Can You Use a Trust to Fund Higher Education?
This approach isn’t for everyone, but if your assets are large enough that you may be facing estate tax issues, a trust may reduce your potential future estate tax, while funding the costs of college education. The 529 college savings plan is a very popular way for parents to save for the ever-increasing costs of…Read More
Great Grades and Great Planning Equally Needed for a College Education
The cost of higher education is growing so rapidly, that students and families are finding it a huge financial challenge. Succeed by starting savings and planning as early as possible. Here’s a scary number: the cost of a college education is growing faster than inflation. Tuition increased by approximately 9% from 2012 to 2017. Figuring…Read More
How Boomers Can Lighten Their Tax Load While Helping with Preschool Costs
Private preschools can be almost as expensive as state colleges. The cost of private colleges, by the time today’s preschoolers get to campus, can only be guessed at. Here’s an opportunity for boomers to help their grandchildren attend the preschool of their parent’s dreams, while achieving some tax benefits, as reported in CNBC’s recent article,…Read More
Why Start College Savings a Generation in Advance?
Mighty oaks grow from little acorns, and a 529 you start for your someday-grandchild will also grow mighty with the benefit of decades. It sounds a little extreme, but when you think about the power of compounding returns, starting a college fund for a grandchild while your own children are still young makes a lot…Read More