A Guide to 529 Plan Withdrawals
With the cost of tuition rising faster than inflation, saving for college early is critical. A quality education must be planned for from an early age–sometimes even from birth. Parents who wish to help pay for their children’s college education have a number of different investment options. Currently, the most popular investment vehicle for college [...]
Tax Credits for Education: Why It Pays to Go to School
College is often a time strewn with financial difficulty. With tuition, fees, books, supplies, rent, food, and all of the other expenses involved with college, it is usually hard to make ends meet with just a part time job. However, being a college student can, sometimes, have its own financial perks. One of those perks [...]
What Comes First? A Step-By-Step Guide to Financial Independence. Step 5: Set Up College Funds
Welcome to the fourth installment of Independent Beginning’s Step-By-Step Guide to Financial Independence inspired by Dave Ramsey’s “Baby Steps”. Yesterday, you learned about Steps 3 & 4: Complete Your Emergency Fund & Set Up a Retirement Account. Today, you will learn about Step 5: Set Up College Funds. Step 5: Set Up College Funds By [...]
How to Choose a 529 Plan for College Savings
One of the most important decisions newly married couples will need to make is whether or not they will help fund their future children’s college education. If you decide that you do, in fact, want to help out, a 529 plan is probably your best option for saving up the money. A 529 plan allows [...]
