You may have heard that 529 plans can be used for more than just college expenses. The tax act passed in late 2017, expanded the use of 529 education savings plans to include private elementary and secondary school tuition costs. As with every tax law, there are rules...
By Joni Lindquist, MBA, CFP® The school year is upon us! We all know that college costs have been rising over the last decades. For example, at a private college, tuition, room and board was $45,370 in 2017. However, the average student paid only $26,080, according...
Student loan debt recently surpassed the $1.5 trillion dollars in a measure1 released by the St. Louis Federal Reserve on August 8, 2018. This amounts to a 144% increase in student loan debt over the past decade. Pundits debate whether this is a crisis, and several...
You’ve kissed your little princess goodbye and sent her off to college this year. She was top of her graduating class, a star athlete, and is the smartest “kid” you know – you are so proud. You’ve supported her financially for the last 18 years and now she’s out in...
By Patrick Amy The new tax law enacted in late 2017 extended the use of 529s to include not only secondary education, but K-12 as well. This potentially provides some tax savings opportunities for parents (or others) who need to determine if using a 529 makes sense...
