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You are here: Home / Archives for College Planning

How to Save for College as a Physician Parent

June 12, 2023 By Katie Brewer

After years of education and training, many physicians begin their careers with some hefty student loan debt. Once you become a parent, it can be intimidating to put money aside for your child’s education, especially if you’re still paying off your own.  Here are some ways you can save for college without derailing your own financial goals: Prioritize Your Own Finances as a Physician Continue Reading

Filed Under: College Planning Tagged With: 529 plans, physician parents, saving for college

College Savings 101: The Downsides of 529 Plans

April 30, 2019 By Katie Brewer

529 plans

  529 Savings plans are the most popular college savings methods, and with good reason. There are so many good reasons to use 529 plans to save for your child’s education, like: Investments are tax-deferred, meaning your withdrawals will be tax-free 529 plans earn interest, similar to mutual funds Contribution limits are high You can invest automatically with monthly Continue Reading

Filed Under: College Planning Tagged With: 529 plans, college savings

How to Invest Your 529 Plan

July 24, 2018 By Katie Brewer

invest your 529 plan

A 529 Plan is a popular savings vehicle for a college education, and with good reason: they offer flexibility and decent tax breaks in a relatively simple package. But when it comes time to invest your 529 Plan, it’s easy to get tripped up. Should you invest in your state’s 529 plan? The beauty of a 529 plan is that you’re not stuck with your own state’s version. However, that also tends to Continue Reading

Filed Under: College Planning Tagged With: 529 plan, saving for college

Opening a 529 Plan for College Savings

November 16, 2017 By Katie Brewer

Opening a 529 plan

A 529 plan is one of the best ways to save for a college education. It’s tax-advantaged, flexible and available to anyone. But selecting a plan can be a confusing process. Here’s what you need to know about opening a 529 plan: Opening a 529 Plan: Investment Plans vs. Prepaid Tuition There are two main 529 plan options. The investment plan allows account owners to choose to invest their plan, Continue Reading

Filed Under: College Planning Tagged With: 529 plan, college savings, opening a 529 plan

4 Ways to Prepare Your Grad for Financial Success in College

August 4, 2016 By Katie Brewer

Financial Success in College

  Plenty of parents worry about paying for college - from tuition and books to dorm supplies and laptops. Whether you're footing the whole bill or none of it, some of the responsibility will fall on your child to achieve financial success in college. Here are some tips to help prepare them for living on their own and thriving financially in college: If you're a more visual learner, jump Continue Reading

Filed Under: Career & Lifestyle, College Planning, Financial Planning, Kids Tagged With: budgeting, college, finance for college students, kid going to college, student budget, teaching kids about money

8 Money Books for New Grads

May 25, 2016 By Katie Brewer

Money books for high school grads

Graduation season is here! If you've got a student - or know one - who is graduating this spring, now is the perfect time to get them thinking about saving, budgeting and planning for their financial future. Here are some money books that would make great gifts for the grad in your life as they prepare the years ahead:   1. Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money Continue Reading

Filed Under: College Planning, Financial Planning, Kids, Student loans Tagged With: graduates, money books, new grad, preparing for college, student loan debt, student loans

Smart Ways to Save for College

August 11, 2015 By Katie Brewer

Save for College

College is a stepping stone for many to a higher paying career. It’s no wonder that many parents want to help their children attend college. But college tuition is expensive, and the costs are rising every year. This fall’s college tuition is expected to clock in at $31,231 for private, nonprofit, four year universities, and $9,139 for public, four year universities. Many parents wonder if they Continue Reading

Filed Under: College Planning, Kids Tagged With: 529, college savings, coverdell, fafsa

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Katie Brewer, CFP® is a Dallas, Fort Worth, and online fee-only financial planner with over 15 years of experience. Her passion is helping clients get their financial lives in order to start living their richest lives.

Your Richest Life is a Fee-Only financial advisory firm providing honest and independent financial advice. Our clients, the members of Generations X and Y, have a different relationship with money than their parents did.

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