529 Plans
New College Savings Updates And More!
Happy February! We hope you are accomplishing your resolutions and ready to express love to your valentine. Speaking of love, February is an excellent month to treasure your finances. If you want to make sure that your college funding plan is in stellar shape, give us a call at 360-818-7728 or just reply to this email!…
What Is A 529 Plan And What You Need To Know About It
With the costs of a higher education continuing to rise, one college financial planning strategy many families use to invest in is a 529 plan. Authorized by Section 529 of the Internal Revenue Code, 529 plans are legally known as “qualified tuition plans,” and are “sponsored by states, state agencies or educational institutions.” 529 plans…
5 Questions Parents Most Often Ask About Their 529 Plans
529 plans are one of the go-to college savings options for parents. They are heavily marketed, tax-advantaged, let you make high annual contributions, and don’t have income or age restrictions. Many families have some money in 529 plans (which they plan to use for college). If you’re one of those families who have some college…
Where Should I be Saving for College?
Whether you have dreams of sending your newborn child to Harvard, UC Berkeley or San Diego State, you have a lot of savings ahead of you if you plan to foot part of the bill. You need to come up with a savings plan EARLY – and stick with it for many, many years. Various…
529 Plan Options: When To Undo Them
529 plan options have been a common savings option for many students, parents and grandparents as the costs of higher education have soared. A 529 plan is a tax-advantage savings plan designed to encourage savings for future college costs. A 529 account owned by the parent or a dependent student, either directly or via the…
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…