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Tax Changes for 529 Plans

Federal Law Change (December 20, 2019).  The Federal Consolidated Appropriations Act (2020) was signed into law by the President.  It includes several new provisions related to 529 accounts, effective for distributions made after December 31, 2018: DISTRIBUTIONS FOR CERTAIN EXPENSES ASSOCIATED WITH REGISTERED APPRENTICESHIP PROGRAMS.  Qualified higher education expenses shall include expenses for fees, [...]

2020-01-02T13:39:38-06:00December 31st, 2019|

Help your kid graduate college debt-free

Today, most parents are saving money for their children's college education – 72% of them, according to a study by Fidelity Investments. But some 68% of students still graduate school with student loan debt, at an average of $30,000. Here are three ways you can elevate your savings strategy to help your kid graduate without [...]

2017-01-09T09:55:38-06:00January 9th, 2017|

What to do when the tuition bill is due

As summer winds down, parents are getting ready to send their students to college -- and to get notices that tuition payments are due. By now you've likely made a list of the various financial accounts that you could use for your student's education costs. Some of the most common are 529 plans, savings bonds [...]

2016-08-17T10:58:08-05:00August 17th, 2016|