Should You Save For Your Kid’s College Education?
by Michelle Smalenberger, Financial Design Studio
Should you save for your kid’s college education? The answer depends…so here’s what you need to consider! In this episode, we walk you through how we as advisors and as parents consider funding college. We also breakdown the different tools you might consider using to accomplish this.
How Much Should You Put in Your Child’s 529 College Account? What if It’s Too Much?
by Meg Bartelt, Flow Financial Planning
Your child is two years old. You want to save for their college. The answer to “Where should I save?” is easy enough. The bigger, harder question is: “How much should I save?”
(Even if your child is 16 years old, the question is still hard to answer.)
We work with a lot of couples with children from 0 to college age, and we get this question from pretty much every one of them. Here’s how we help our clients answer that question.
[Note: In this article, we’re talking about situations in which you can contribute more to the 529 plan if you want to. It’s another matter entirely if you simply don’t have enough money to save much to the 529.]
Using 529 Funds To Study Abroad (529 Eligible Foreign Universities 2023–24)
by Alvin Carlos, District Capital Management
Saving for a child’s college education is an important financial goal for many parents. In the U.S., 529 plans are a popular and tax-advantaged way of saving for college. However, there may be some questions and considerations when your child wants to use their 529 funds to study abroad. In this blog, we discuss which foreign universities are 529 eligible, and other considerations you should take into account.
Is The Maryland 529 Plan Worth It?
by Alvin Carlos, District Capital Management
Do you want to start saving for your child’s college education? The earlier you start saving, the more time your money has to grow. A 529 is a tax-advantaged savings plan designed specifically for education expenses. We are going to cover the Maryland 529 plan in depth so that you can decide if it’s the right college savings plan for your family.
Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.
