I recently read this older piece on Kiplinger.com, entitled “Who should pay for college?” and it got me thinking: Assuming money is not an issue, do you think parents should be responsible for paying for their kids’ college education? There’s a whole range of responses to this question, from: Absolutely not! I paid my own [...]
Saving for College
Consumer Reports recently published its May edition of Consumer Reports Money in which it ranked the 88 different 529 College Savings Plans. If you aren’t familiar with College Savings Plans, I recently reviewed them in our “Best Ways to Save for College” series — check it out here. Or you can read a more in-depth [...]
Last week, we launched a four-part series about the best tax-preferred college savings vehicles. So far we have covered three out of the four: 529 College Savings Plans, 529 Prepaid Tuition Plans, and the Coverdell Educational Savings Account. Be sure to review those posts, if you didn’t get a chance to read them yet. Today [...]
Last week, we launched a new series here about the best vehicles for saving for college. The first two posts covered 529 Plans, both College Savings Plans and Prepaid Tuition Plans. If you didn’t catch them last week, start there. Today we are looking at a lesser known college savings vehicle: the Coverdell Educational Savings [...]
On Monday, I launched a new series on the best ways to save for college. We explored 529 college savings plans, concluding that when you carefully compare fees and state benefits, you can really score with a college savings plan. Today we are looking at the other type of 529 Plan — the prepaid tuition [...]
Last month, we talked about how to figure out how much you need to save for your child’s (or your own) college education. The bottom line was that there is no set formula. Rather, the amount you put away is a factor of how much you can afford, what college (or type of college) you [...]
Conventional wisdom tells us that it’s never too late to start saving. But is that necessarily true when it comes to college costs? If you are a parent, how much do you need to save in order to pay (or even help to pay) for your child’s undergraduate education? Let’s say you are have a [...]
If you are a parent who has diligently socked away funds in a 529 Plan for your children’s college education, you have probably lost a bundle in the last year. Seeing your kids’ nest egg dip down is scary, no doubt about it. When the panic starts to set in, some of you are probably [...]
