Tag: Saving for college
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529 Plans: Not Just for Children
529 plans are designed to facilitate savings for higher education. However, it must be noted that these plans are designed not only for the benefit of children but for anyone who wants to undertake a qualified educational course. This implies that children are not the only ones benefiting from these plans. Parents can also utilize ... -
Inside: Top 529 Plan Withdrawal Tips
Education is a basic need, and it is a fairly expensive one. But it is possible to effectively manage the enormous cost of college without hurting your pocket. Savings accounts such as a 529 plan can help parents incur these costs and avail significant benefits. A 529 plan is a tax-advantaged savings plan which provides ... -
How Do You Plan to Save for Your Child’s College?
Savings are a great way to ensure that your future remains stable and secure. When we talk about future savings, we often neglect planning for a very important event, i.e. college. With the increasing debt of student loans, planning for education funds is an important part of today’s economy. But surprisingly, according to a survey, ... -
Should You Save for Your Child’s College Using a 529 Prepaid Tuition Plan?
Investment on knowledge is the best form of investment, and savings as they say, is the prerequisite of investment. With college prices already soaring and expected to further sky rocket in the future, the best time to save is now. As per estimations by financial experts, for today’s newborn, the cost of college would be ...