An informative look at how easy it is to withdraw from your 529 college savings account for expenses not related to education. Learn about the tax implications and penalties involved.
Continue reading here:
529 College Savings – Withdrawing Money Early to Keep the Lights…
College costs are on the rise and show no signs of slowing their climb. According to the College Board’s “Trends in College Pricing” the average annual cost for in-state tuition ranges from $17,336 for public institutions to a whopping $35,374 for private universities. Adding insult to injury, college expenses are typically paid with after-tax dollars, which means that if you’re in the 28 percent tax bracket, you need to make $24,075 to pay a public institution’s $17,336 tuition. With numbers like these, many parents are on the verge of panic about college. They’ve watched their education savings vanish in our nation’s battered economy and, as scholarships and grants dwindle, they find themselves struggling to figure out a way to pay for c …
Continue reading here:
10 Ways To Reduce College Costs And Avoid Debt That Can Take…
One of the best ways to save for your child’s future college expenses is by setting up a plan for savings through New York State’s 529 College Savings Program. There are several key features of the program that you should be aware of before signing up.
Continue reading here:
New York’s 529 College Savings Plan