I posted last week about instability in the state of Texas’ pre-paid tuition plan. But it isn’t only Texans who have to worry about tax-deferred savings plans for college. As last year’s financial crash has proven, planning on high returns from market-invested college funds is far from a sure thing. With the volatile market continuing [...]
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 [...]
January 24, 2006 The Coverdell Education Savings: This type of college savings plan can be applied to more than college. A Coverdell Education Savings Account can be used as savings for elementary through high school education as well as college. Parents or students may contribute up to $2,000 a year tax-free. A few stipulations are [...]
