The following post is from guest author Ryan Jones. Ryan is a contributory writer associated with Debt Consolidation Care and has written several articles for various financial websites. He holds his expertise in the Debt industry and has made significant contribution through his various articles. A 529 plan is a kind of savings plan which is especially designed so as to encourage savings for the future college or any other mode of higher education. These savings plans have some tax advantages and are also legally known as the “qualified tuition plans”. The 529 savings plans are named so because they follow Section 529 of the Internal Revenue Code and are mainly administered by the different state agencies and the organizations. Six … [Read more...] about Six Beginner Strategies for 529 Savings Plans
College
Adding Your Children’s College Savings to the Budget
Please don’t hate me. I’m very proud that you’ve been following my advice (and the advice of my PF blog constituents) to start saving for retirement, etc. But now we’re going to talk about something that may require you to dig just a little deeper into those pockets of yours: • College “I Don’t Even Have Kids Yet!” Why Do I Care? I know some of you are pretty young and just graduating college yourself, while others of you may have recently got married and just had children. These are all great positions to be because, like most savings strategies, “more time” is our friend. However, this post is going to assume that someday when or if you already DO have kids, that you’ll want to send your little Princess or Jedi (… there’s a Star … [Read more...] about Adding Your Children’s College Savings to the Budget