Tag Archives: 529 plan
Last-Minute Investing in a 529 College Plan

Last-Minute Investing in a 529 College Plan

Note: I am heading today to the annual conference of the National Association for College Admission Counseling that thousands of college administrators and college counselors will attend in New Orleans. Send me a great question to ask the experts in the comment box below and I’ll send you a PDF version of my newly updated [...]

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529 College Plan: A Dirty Little Secret

Ever hear about college taxes? No this isn’t a joke. If you aren’t careful you could owe college taxes on your 529 plan. Nobody tells you that you could ultimately owe taxes on a 529 college plan, but plenty of people discover this nightmare during tax season. Before I get to the bad news, let [...]

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Will Saving For College Hurt Your Odds for Financial Aid?

Is your family going to qualify for financial aid? Many families that I talk to assume that they won’t qualify for financial aid. Many believe that the money that they’ve stashed in their college savings accounts will kill their chances. Stressed Out Dads It’s been my experience that it’s usually dads who get stressed out [...]

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Financial Advice for College Graduates: 6 Financial Tips

I banged out an email full of financial advice this week to a soon-to-be college graduate, who luckily has already lined up a job. She wanted to know if she should start saving for retirement as soon as she graduates. Here’s what I told her: Absolutely! I was thrilled that this young woman was already [...]

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College Taxes: Beware of 529 Plan Taxes

Ever hear about college taxes? No this isn’t a joke. If you aren’t careful you could owe college taxes on your 529 plan. Nobody tells you that you could ultimately owe taxes on a 529 college plan, but plenty of people discover this nightmare during tax season. Before I get to the bad news, let [...]

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Saving for College with a Roth IRA: 8 Things You Need To Know

There’s been tons of media attention over the years on the best places to save for college. The 529 savings plan has grabbed the most attention. I’ve used 529 plans for both of my kids through Vanguard, but today, I want to suggest another potential way to save for college:  a Roth IRA for your [...]

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