4 Reasons to Save in a 529 Plan

Paul FennerEducation Planning

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

How To Start Saving For Your Child’s Education At Almost Any Age

Paul FennerEducation Planning, Life Transitions, Personal Finance

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

How a Family Who Has Triplets Saves for College

Paul FennerEducation Planning

TAMMA Family

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

Paul FennerEducation Planning

best college fit college planning

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 already tugging at you, such as retirement, caring for an aging parent, or your own health care issues.  Think about being on an airplane, … Read More

Six Last-Minute Strategies to Save for College

Paul FennerEducation Planning

College planning process

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

Paul FennerEducation Planning

College planning process

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

6 Big Myths About 529 Plans

Paul FennerEducation Planning

529 Plans are a big piece of many of our client’s educational plans.  While 529 Plans are not the sole educational planning tool, they are in my mind probably the best for most people.  One point about 529 Plans that I really try to emphasize with families is that anyone can contribute to them.  So parents, even though you might not be able to funnel monies … Read More