Save or Take a Loan for Kids’ College Education? It’s no secret that college is getting more expensive with no signs of slowing down. The average cost of tuition rose 37% from 2009-2019, and in that same period, student loan debt increased 107% to $1.6 trillion,...
Saving in 529 plans for your children or grandchildren has become more attractive with the recent tax law changes. Today, I will explain two such advantages that you must know if you’re thinking of 529 plans. TCJA allows penalty-free and tax-free...
Saving for a college education is a primary financial goal for many parents. Yet, I hear several myths about college savings, and if not addressed, some of these myths could be dangerous because they discourage families from achieving their financial goals! For...
When my wife and I were raising our three children, and busy with our careers, we often discussed where should our surplus money go first: towards our kids’ college savings or to fund our own retirement? Very conflicting Financial Goals indeed! Luckily, the decision...
If you’re saving for your child’s higher education, you probably have a lot of questions besides “How much more expensive College Education has become for your children than it was for you?” And, I am sure you heard about the most popular savings tool – 529...
Spring is here, summer weather has begun (in many places), and graduation time has arrived. Across the country, students are finishing their high school, college, and even graduate school lives, after years of hard work, stress, excitement, and even some...
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