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
Opening a 529 Plan for College Savings
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
Smart Ways to 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