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Tag: 529 plans

From College Fund to Retirement Nest Egg – Tax Free

When each of my children was born, I had their application for a 529 college fund filled out, mailed, and funded with the first $100 before they were released from the hospital. I dutifully funded those accounts monthly for years, until they accumulated enough to fund...

How to Help Grandkids Pay for College

Watch this video on YouTube One financial goal held by many of my clients is to help pay for their grandkids’ education. This generosity can foster gratitude and family closeness. Unfortunately, it can also foster resentment and family misunderstandings. Here...

106 Things We Do For Clients, No. 20

No. 20 of 106 Things We Do For Clients Review your children’s custodial accounts and 529 education savings plans. Saving for the education of your children or grandchildren can be more complicated than simply opening an account with your state’s 529 plan. Not...

Rick Cited in USA Today Article on 529 Plans

To open a 529 college savings plan for a child or grandchild, you don’t have to stick with your own state’s plan. You can choose one from another state if it has lower fees or is a better fit for your family. The important word in that last sentence is...

Sarah Cited in College Funding Article

If you feel an emotional obligation to help pay for your grandkids’ college costs, don’t do it at the expense of your own retirement. That’s the primary message in a September 29 article at NewRetirement.com. Sarah Swantner from KFG is quoted in the...