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…
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Saving for College Made Easy (or at Least Easier)
The costs of sending a child or a grandchild to college are high and getting higher. Actual costs vary by school, but a general place to begin is to consider…
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Having Children and Money
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.
Beginning to Think About College for Children
As you probably know, college is expensive. As you may not know, college costs are rising faster than inflation and almost no one is predicting that college costs are going…
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Dealing With the Increasing 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 “Kiddie” Tax or How Children Are Taxed
The “Kiddie” Tax or How Children Are Taxed Children are subject to income taxes just like their parents. However, there are some special rules that apply and some of them…
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Talking to Young Children About Money
In many families, talking about money can be difficult, and in some cases, almost taboo. Difficulties of talking to children about money include: Parents of young children often find themselves…
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Mistake to Avoid: Using the Wrong Investment Strategy for College Education Funds
Along with delaying saving for a college education, another mistake is to not properly invest the funds. Good returns make accumulating the needed funds easier. Historically, the best place to…
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Mistake to Avoid – Delaying Saving for a College Education
Being able to afford to send your children to the colleges of their choice, without being limited by cost, can be one of the great joys of being a parent.…
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Custodial Accounts for Children
Because individuals must be of legal age to own property, many parents use custodial accounts as ways for moving funds and assets into their children’s names. The concept of custodial…
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College Funding Options
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.
What Is The Best Way To Save For College?
What Is The Best Way To Save For College? Save often. Start early. Earn good returns on your savings. Take advantage of any tax saving strategies that may be…
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