College Costs How Much? Why School Is So Expensive and Tips To Save Better

2021-07-01T13:54:24+00:00July 15, 2021|529 Savings Plan, Blog, College Planning, Family Financial Information|

As many of you probably already know, the average cost of college in the United States has skyrocketed over the last couple of decades. In a 20-year time frame (according to educationdata.org), the average price per year has tripled and is now roughly $35,720. That is $142,880 for a 4-year degree!   Why have college costs ballooned so much? What can parents and students do to prepare for this financial burden? College Tuition Is On The [...]

Should You Use a Roth IRA to Save for College?

2010-05-05T13:35:56+00:00May 5, 2010|529 Savings Plan, Blog, Saving|

I hear this question a lot since a Roth IRA allows you to withdraw money to pay for qualified higher education expenses without paying a 10% early withdrawal penalty.  While there are both advantages and disadvantages to using a Roth IRA for your children’s college education depending on your own personal situation, the short answer for most people is… NO, you should not use a Roth IRA to save for your children’s college education. Let’s [...]

529 Facts- Is this type of college savings plan right for you?

2010-02-08T13:56:10+00:00February 8, 2010|529 Savings Plan, Blog|

You’ve heard this before - If you’re a parent, you should consider using a qualified tuition savings plan or a prepayment tuition plan to save even more for college.  But while most parents are familiar with 529 plans, the number of people who actually know how they work, and all of their benefits, are few. The biggest benefit of a 529 plan is that any earnings your account has over the years are tax-free when [...]

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