Saving for College with 529 Plans
In my last article, I covered how important it is to start saving early for college costs, touched on a few tax-favored ways to do it, and suggested 529 plans as my favorite tool for the task. While any saving is better than none, I feel the range of available 529 plans offers the most college-planning flexibility.
Saving for College...Essential Ideas as published in InsideNova.com
It’s a given that every parent wants their children to start with a college education. But, golly, college is expensive. According to the College Board, all-in costs for the 2016–2017 academic year is approaching $25,000 at a four-year in-state public college, and $50,000 at a four-year private institution.1
Clearly, there’s no time to waste in saving for your kids’ high-cost higher education. If I get one thing across, that’s it. But I don’t blame you if you’re wondering where to even begin. Don’t despair! Let’s roll up our sleeves and get practical.
When to Claim Social Security...It's a Weighty Decision
When should you begin claiming your Social Security Income (SSI)? Clearly, the decision is a big part of retirement planning. Too bad it’s not also an easy part. Then again, be careful what you wish for! While “one size fits all” would be easier for you, that doesn’t necessarily mean it would be better.
Granted, some situations are super easy. If you turn 62 and you need the money to put food on the table, take it at age 62.