It's March 15th today, which aside from being the Ides of March, also marks the one-month countdown until tax deadine. Which means, you also have just one month left to make your 2009 contributions to your child's tax-deferred college savings vehicles. No idea what I'm talking about? Let me step things back for a moment. Saving for college is essential, unless you have a … [Read more...] about Deadline for College Savings Contributions
Saving for College
New Years Resolutions: Win College Scholarships
Happy New Year! It's a new year and a new decade… time for a fresh start. If you are in college, or plan to attend in the not too distant future, financing your education is no doubt a major concern. And with good reason! The cost of college is skyrocketing and we all know what the economy is doing. While college loans are ubiquitous and an important financing component … [Read more...] about New Years Resolutions: Win College Scholarships
Wow! Earn 25% Interest on Your College Savings Account
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 to batter college savings plans, a … [Read more...] about Wow! Earn 25% Interest on Your College Savings Account
Are Prepaid Tuition Plans in Trouble?
A recent article from the Dallas News alerted me to a problem with the Prepaid Tuition 529 Plan in Texas. Originally, the plan let investors withdraw their funds, plus earnings, even if the designated beneficiary wasn't going to college in Texas. Now, however, the state of Texas is amending that benefit: If investors don't use their plan to pay for school in Texas, they get … [Read more...] about Are Prepaid Tuition Plans in Trouble?
529 Plans in the Post Crash Era
We talked a few weeks ago about how the stock market crash is going to affect college savings plans. I mentioned that those of you with plans to attend school in the next year might be feeling a real pinch. Before you completely panic, I decided to take a look at what the experts are saying about 529 Plans - both for those of you who are in school, or about to start, and for … [Read more...] about 529 Plans in the Post Crash Era