Should You Use a Roth IRA to Save for College?

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 [...]

May 5th, 2010|

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

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. [...]

February 8th, 2010|