Sentences with phrase «of saving for college»

A 529 college savings plan is the most take - advantaged way of saving for college and it has a minimal impact on financial aid eligibility.

Across the nation, many activities are held and communications sent out to recognize the importance of saving for college during the month.

Many times these additional thoughts and concerns simply make parents not want to start the process of saving for college, even though they know they should.

Instead of saving for college, you may want to focus on other financial goals like buying a home, saving for retirement, or paying off high interest credit card bills.

Parents can place some of the responsibility of saving for college on their children.

Doing this will give your children a more realistic look at your finances, the challenge of saving for college, and insight into how much they themselves might have to borrow.

As parents, the task of saving for college is becoming more difficult by the day.

Here are three ways parents may be missing out on getting the greatest value out of saving for college.

Most of the people look at an endowment insurance as a mandatory method of saving for college.

529 college savings plans are a tax - advantaged way of saving for college.

I can't stress enough the importance of saving for college.

Learn about the benefits of saving for college, including putting the power of compounding interest to work for you and reducing the debt your student will have after school.

After years of saving for college, you don't want to misstep when it's time to use your 529 assets.

This one, from the Certified Financial Planner Board of Standards, took a look at the viability of saving for college among today's parents and found that more than two - thirds haven't started socking away money for their children's future education expenses.

What's troubling about this study is not the fact that these parents have put both their own emergency cushions and retirement funds ahead of saving for college for their kids — that's exactly as it should be says Jean Keener, a Financial Advisor from Keller, TX — but rather the sort of magical thinking that's going on behind the scenes.

The burden of saving for college can be made much lighter if you take advantage of «free» financial assistance, such as grants, scholarships, and the various education tax breaks that are out there.

If you are seriously thinking of saving for college or a home, the safest route would be to invest in government bonds, which almost always payout upon maturation.

These short, informative videos will give you a little insight into the importance of saving for college with Florida Prepaid.

Someone in the 25 % tax bracket will have to pay $ 125 in taxes annually on that income, adding up to $ 2,000 or more over the course of 16 years or so of saving for college.

These plans offer savings and tax benefits over other ways of saving for college.

* The Age - Based Fidelity Funds, Multi-Firm, and Fidelity Index portfolios take a more aggressive approach during the early years of saving for college to take advantage of potential growth opportunities, while investing to preserve capital as the need to pay for qualified higher education expenses approaches.

National 529 Day (May 29) is celebrated nationally by state - sponsored 529 plans to raise awareness about the importance of saving for college and the value of...

«Not only is it a tax - advantaged way of saving for college, but it also gives you the flexibility to choose a more expensive college that might be a better academic fit,» he said.

529 college savings plans, prepaid tuition plans, Coverdell education savings accounts and Series I and certain Series EE savings bonds are tax - advantaged ways of saving for college.

So, we have a little more leeway in the way of saving for college.

When Junior hits 16, the importance of saving for college can also become an important household money discussion.