College Savings

As the leaves of August fall, families across the country embark on their annual journey – the great college hunt. This pilgrimage, filled with campus tours and brochures, often culminates in one unanimous gasp: the cost of college. At a time when the sticker price for one year at a private college is bordering the $60,000 mark, many families are left bewildered. But what if we told you that many don’t actually pay that much? The Reality Behind the Rising College Costs There’s no denying it: the cost of college…

Saving for college can be a daunting task, especially when you’re not quite sure where to start. That’s why 529 plans were created—to help families save for college in an effective way. 529 plans are a popular way to save for college and have a range of advantages. In this guide, we’ll explain what 529 plans are, the benefits they offer, how they work, the tax advantages, how to manage them, contributing to them, withdrawing funds, selecting the right plan, the different types of plans available, and answer some common…