529 Plans: Benefits & Limits
With the spring semester winding down, we wanted to share some reminders and information about 529 plans and how you can get the most out of your college savings plan!
Give The Gift of Financial Education: planting seeds for the next generation of financially savvy individuals
The holiday season is upon us! For me, this brings fond memories of family traditions centered around spending time together, eating good food, and exchanging gifts. This year, consider giving the gift of financial education to your children (or grandchildren) that will pay dividends (pun totally intended) as they grow.
Know Your Worth:
If you are reading this post in the hopes of “knowing your worth” as it relates to your moral character, societal contributions, or, more literally, how much you can get for your plasma, I am sorry to disappoint. But before you click away from this page, this article may give you something more valuable: education on the calculation and application of your net worth. It might not sound exciting, but this could help you focus on goals and live your life to the fullest, and what could be more thrilling than that?
Grandparents’ Guide to Saving for College - Part 1
With student debt at an all high time and college costs continuing to escalate, funding college expenses is not just on the minds of parents—it’s on the minds of grandparents as well.
529 College Savings Plan Stocking Stuffers: An Alternative Approach to Holiday Gifts
529 College Savings Plans: Not Just For the Living!
That’s because the owner of the 529 Plan (technically called the Participant) can change the beneficiary whenever he/she wants. And as long as the new beneficiary is a family member of the old beneficiary, there are no income tax consequences. So, the expectant father could have opened a 529 Plan account and named himself or his wife as the beneficiary, and then changed the beneficiary once they’d obtained a Social Security number for their child.