Financial Factoids: Issues for Parents
Automatic Savings Plans to Fund College The costs of attending college are high and they keep growing. Transferring $250 each month to a child’s custodial account will accumulate to almost…
Read More Having a child is a major event in your family and for your finances. In 2013, the US Department of Agriculture estimated that the cost of raising a child from birth to age 18 was over $241,000, excluding the costs of college.
The cost of sending a child to college is increasing and shows very few signs of slowing. The reasons for these increases are many.
The 2001 Tax Act made it easier to save taxes while saving more for a child’s (or grandchild’s) college education. If a college education in the future for someone in your family, you need to understand the new opportunities.