A week ago, I had a post tying retirement and college planning/saving together. Below are four more reasons why 529 plans can be the best vehicle to save for college A 529 plan is an excellent choice for saving for your child’s college education. With its lower impact on financial aid, the ability to receive contributions from various sources, beneficiary … Read More
4 Reasons to Save in a 529 Plan
Want to know all the great reasons why you should choose a 529 plan to save for your kids’ college? This quick list will give you the key benefits at a glance. Easy & Convenient Most plans can easily open an account in just 15 minutes. By setting up automatic contributions from your bank account, making regular contributions becomes a … Read More
For Parents of Multiples A Prepaid 529 Plan May Not Be as Good as Advertised
Most parents may not realize that you have multiple college saving options (including more than one type of 529 plan) available to you and your family when it comes to saving for college. But whether you are the parents of multiples (twins, trips, quads, etc.) or have multiple kids, how do you determine what the best college savings plan option … Read More
How To Start Saving For Your Child’s Education At Almost Any Age
By Paul Fenner, CFP®, ChFC®, CRPS® The general consensus is that parents should start saving for their child’s tuition when they are very young, which will allow the money invested to increase exponentially in value. However, for some parents, particularly those who are still paying off their own student debt or who may have underfunded retirement accounts, contributing significant amounts … Read More
The Best College Savings Plan for Parents of Multiples (or Parents of multiple kids)
Most parents may not realize that you have multiple college saving options available to you and your family when it comes to saving for college. But whether you are the parents of multiples (twins, trips, quads, etc.) or have multiple kids, how do you determine what the best college savings plan option is best for you? What College Saving Plan … Read More
Five Options for Parents of Multiples (or multiple kids) to Save for College
Most parents may not realize that you have multiple college saving options available to you and your family when it comes to saving for college. But whether you are the parents of multiples (twins, trips, quads, etc.) or have multiple kids, how do you determine what the best college savings plan option is best for you? What College Saving Plan … Read More
How a Family Who Has Triplets Saves for College
My Own Family Story My wife Theresa and I have a set of triplets and another daughter who is 22 months apart. We started our youngest in preschool early, which meant that she had not one, but two years of preschool. She was always trying hard to keep pace with her older set of triplet siblings. We felt that she was … Read More
Four Tactics to Get the Most Out of the College Planning Process
If choosing to save for your child’s future college education needs is a priority for you, it must be included in your overall wealth management plan. I say choose because you likely have multiple financial priorities, such as retirement, taxes, or other personal savings goals, already tugging at you. Think about being on an airplane; in the event of an … Read More
Six Last-Minute Strategies to Save for College
Advising parents who haven’t started saving for college a little too late can be a very difficult conversation. Telling a student who has worked diligently over the last 3 or 4 years to get into a prestigious college or the college of their dreams that they can’t afford to go is gut-wrenching. The Cost of College is Still Increasing While … Read More
The Alternative College Savings Plan
Besides saving for retirement, saving for college is the most discussed wealth planning topic that I address when working with families. A child born in 2018 that begins kindergarten in the fall of 2023 would attend college between the years of 2036 and 2040. If that child attended an average public in-state 4-year college and if the annual price increases … Read More
- Page 1 of 2
- 1
- 2
