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Unused 529 Plans

Unused 529 Plans – What to Do When Plans for Paying for College Change

  529 plans are an excellent method to save for a college education. They are state-operated investment accounts that allow anyone to contribute after-tax dollars toward your child’s education. Earnings build up tax free, and remain so if they are used for qualified educational purposes. However, if funds are withdrawn for non-educational purposes, the earnings […]

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Searching for the Right College

“Time Flies.  It’s up to you to be the navigator.”    Robert Orben   All of a sudden your child is in high school and the realization begins to set in that college is pending.  How did you get to this point and how are you to navigate the many questions on planning and preparing for […]

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Superfunding Your 529 Plan

Superfunding Your 529 Plan – Maximize Your Savings for College

“Superfund” is the federal government’s program to clean up the nation’s uncontrolled hazardous waste sites. But superfunding a 529 plan isn’t about waste at all. Ironically, learning about superfunding will help your children to learn. 529 plans are very useful and flexible mechanisms for saving for college. They are state-operated investment accounts that let anyone […]

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Dollar Sign

529 Plans and Your Choices

The mail arrived with a letter from the university that our daughter is attending with the tuition increase for next year. The high cost of providing your child a college education is staggering.  How can you plan for this large number?  And will the tuition costs continue to climb? According to The College Board, the average 2014-2015 […]

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Learn Pros, Cons of Using a Financial Advisor for College Savings

Recently, Maureen Crimmins was interviewed by Deborah Ziff who is a Chicago area-based freelance education reporter for U.S. News, covering college saving and 529 plans.  Maureen discusses how we help our clients save for their children and grandchildren’s educational needs. Click on the link below to read her interview. Learn Pros, Cons of Using an Advisor for College […]

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Stressed Student

A Hard Lesson on Spending

A recent USA Today article discussed the story of a 22-year-old junior college student who was in the fortunate position of having her grandparents save $90,000 for her college needs.  Imagine the hard work required to save this sum for her benefit. Well, it appears that the student decided to spend the college fund on a trip […]

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Big Smile

College Planning Using 529 Plans

The time of year has arrived for graduation season…graduating from college, high school, middle school and yes even preschool are times of celebration. It is a time to reflect on all of the achievements of your child and how time seems to have flown by. The amount of preparation that has occurred is plentiful and […]

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CuTe BaBy

Planning for College – The Sooner the Better!

If you have children, planning for college is a topic that you should begin to discuss with your financial advisor during your first meeting.  With the cost of a college education increasing every year, the number that needs to be saved is staggering.  But just like retirement, planning for college is essential. As we all […]

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Times Square / dusk

National Financial Advisor Week in New York Times Square

National Financial Advisor Week (NFAW) is an inaugural event that will be held from September Sept. 15th to the 19th 2014 in Times Square in New York City. The event which is hosted by Advice IQ will celebrate the work of financial advisors and promote the necessity of each American household having a financial advisor.  It […]

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Different Types of Financial Aid for College Students

Congratulations!  Your son/daughter just got accepted to their dream college or university.  Once the celebration dies down, the reality of how to pay for the privilege of attending this dream college begins to creep into your thoughts.  Even with prior planning, your savings will likely not be enough to cover the high cost of tuition. […]

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