You don’t have children of your own, but you’d like to help your friends’ kids pay for college. Here’s what you need to know about gifting a 529 account. This is what individual experts have to say generally about an issue that affects each person differently—if you want personalized advice you should see a financial
College has become ever more expensive, and so it’s important for parents to start saving early. A new report from student loan company Sallie Mae breaks down the state of American parents’ savings plans for their children’s college educations, based on a survey of 2,003 adult parents of children under age 18 performed by Ipsos.
For a tax-conscious investor, finding tax-efficient investments is the key to successfully saving for retirement. Not everyone thinks about the tax consequences on their investments and trusts that their financial advisers will be knowledgeable before making a recommendation. Often, it is a challenge for advisers to educate themselves on all of the tax laws that
Recently, The Atlantic published a tremendously powerful article by Alana Semuels entitled This Is What Life Without Retirement Savings Looks Like, which is well worth reading for anyone who is hedging their bets on the question of whether to save for retirement at all or whether to save more for retirement. It opens with the
Everyone dreams of that first day of college. The friends you will meet, the experiences you’ll be exposed to, the school spirit you’ll develop. But paying for that dream can be a nightmare if you don’t have a surefire plan. However, you can avert all that if you save from early on. A college education
Is there ever a right time financially to have a baby? Having had an unplanned pregnancy before, I often ponder this question and I know many other parents do too. In the beginning, it was difficult raising a child without being financially stable. Even now that I am much better off financially, I still get