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A Practical Approach to Paying for College

Paying for college creates a financial planning dilemma for many families: How can working parents save for their own retirement while also saving for their children’s educations? As a profession, financial planners have not always been as helpful as we should have been in this area. College planning advice has focused on saving for retirement […]

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Saving for College with 529 Plans

If you are putting away funds dedicated for your child’s higher education expenses, a 529 College Savings Plan is tough to beat. These plans allow parents and grandparents to put away funds for a child’s education, and the growth on the account is tax – free when used to pay qualified education expenses. In some […]

A Practical Approach to Financing College

Paying for college is a very hot topic in the financial press these days, with good reason. According to a recent Wall Street Journal article, “Degrees of Value” by Glen Reynolds on 1/3/2014 (Link to Wall Street Journal Story), college costs, since 1978, have risen at an annual rate of 7.45% while incomes have risen […]