3 tips to turbo charge your 529 plan #529Day

May 29th has been nationally recognized as 529 College Savings Day, a way to raise awareness for the importance of saving early for college. My guess is that 99% of people have never heard of 529 Day so you are now ahead of the pack. The bigger problem is that more than two-thirds of investors don't know what 529 plans can do. Only 32 percent of people could correctly identify a 529 plan as an

By |May 25th, 2018|529|0 Comments

Has college tuition reached its breaking point?

As the father of a 5-year-old, I worry about the cost of college and I'm sure many parents of young children do. Prices at my alma mater, the University of Richmond, have risen close to 200% since I graduated in 1997. Has the quality of education also improved by that much? It's doubtful. While amongst friends, we laugh uncomfortably at the thought of million dollar tuitions, but one wonders if there has to be a

By |July 24th, 2017|529|0 Comments

Using a 529 plan to pay for gap year

Last year, Malia Obama made headlines when the White House announced that she would take a gap year between high school and college. The hiatus from classrooms, textbooks and tests has been a common occurence in other countries like Australia, UK and Israel; and it has become an increasingly popular choice in the US. I didn't take a gap year but I studied in the UK during my junior year of college and backpacked across

By |June 20th, 2017|529|0 Comments

The Best and Worst 529 College Savings Plans of 2014

  My weekends are packed with activities to entertain my 2-year-old daughter Chloe. Virtually all my friends have children, from newborns to kindergarten age. We all reminisce about the days when college was a third of the cost and wonder how the heck we will pay for our kids to go to college. With 50 colleges charging over $60,000 a year, where will prices be in another 10-15 years?!?!? My dad always thinks outside the

By |August 19th, 2014|529|0 Comments

Grandparents’ 529 College Distributions Can Be a Ticking Time Bomb

Are you a grandparent thinking of helping out a grandchild fund their college expenses? Be aware of 529 plan structures to ensure that your gift doesn’t turn into a bomb that destroys your grandchild’s financial aid. According to a recent Fidelity Investments survey, 65% of parents saving for college expect grandparents to contribute. In recent years, a growing number of grandparents have set up 529 college savings plans but before writing a check, grandparents must

By |November 14th, 2013|529|0 Comments

Saving For College 529 Plans with Upromise

As a new father, I marvel at all the new things my one year old daughter Chloe does. But like all new parents, I joke and mostly fear that the cost of education will be in the millions by the time she graduates high school. While I pray that education inflation slows from its ridiculous pace of 7%+ per annum, I know that I need to prepare for the worst which means saving as much

By |October 24th, 2013|529|0 Comments
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