Are you thinking of gifting? Who else is on your mind more than your children and grandchildren (or nieces and nephews). As a reminder, each person can gift $17,000 to another person in 2023 without tax consequences. (An increase of $1,000 from last year) So, a couple can gift $34,000 in total to … [Read more...] about The Best Ways to Financially Give to Children
529 Plans
The Best Way to Save for College: Stocks
Here is an interview with Dan done by Larry Light, Senior Contributor Investing with Forbes magazine. Larry Light: How much does college cost, anyway? Dan Crimmins: According to recent data published by the College Board, the annual cost of tuition and fees for college in the US in … [Read more...] about The Best Way to Save for College: Stocks
Reducing College Costs
The cost of college tuition continues to astonish anyone who needs to pay for this education. For the college year 2018-2019, the average tuition, fees and room and board expenses were $48,510 for a four-year private college and $21,370 for a public college. That number is for just one year of … [Read more...] about Reducing College Costs
The ABCs of Education Investing
With school back in session in most of the country, many parents are likely thinking about how best to prepare for their children’s future college expenses. Now is a good time to sharpen one’s pencil for a few important lessons before heading back into the investing classroom to tackle the … [Read more...] about The ABCs of Education Investing
529 Plans and the New Tax Bill
The new tax bill, signed into law on December 22, 2017, has impacted a number of investment vehicles that may benefit many of us. One significant change to the 529 Plans is the ability to use these funds to cover private elementary and secondary school expenses. As a reminder: A 529 plan is an … [Read more...] about 529 Plans and the New Tax Bill
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 … [Read more...] about Superfunding Your 529 Plan – Maximize Your Savings for College