College Planning

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4 Tax Saving Strategies for College Funding

It seems there are as many ways to save for college as there are colleges. It pays to do some research and understand ways you can not only save for your child’s education, but save on your tax bill at the same time. Depending on how much college costs, it’s possible to use tax strategies…

Choose a Career, Not a Major

Children are commonly asked, “What do you want to be when you grow up?” and they dream of being astronauts, firefighters, doctors, teachers, etc. Although your teen might not want to be an astronaut anymore, what they want their career to be when they finish school needs to be a driving force behind their decisions…

529 Plan Basics: Pros, Cons and Strategies

One strategy that many families use to save for college is to invest in a 529 plan. What is it? A 529 plan is a tax-advantaged savings plan designed to encourage saving for future college costs. 529 plans, legally known as “qualified tuition plans,” are sponsored by states, state agencies or educational institutions and are…