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Parents scared of losing their child’s college savings fund in equity markets may soon be receiving a helping hand. In response to several state 529 plans losing anywhere from 20 percent to 50 percent over the past two years, the U.S. House recently passed the Deposit Restricted Qualified Tuition Programs Act, allowing all state 529 college Continue reading U.S. House Responds to Market Volatility: Allows College 529 Savings Plans to Include CDs Here are six of the most common financial mistakes that young families make. In this case, forewarned is forearmed: Avoid these mistakes now, and you’ll be way ahead of the game later on. Too much Debt The biggest mistake young families make is carrying too much debt, says Stewart Welch, a certified financial planner and author of Continue reading Financial Mistakes Young Families Can Make A Roth conversion could impact your student’s financial aid package, but you can address the problem. You may have decided it makes financial sense to do a Roth conversion this year. You qualify because the $100,000 income limit that kept you from converting a traditional IRA to a Roth was lifted in January. In addition, this Continue reading Doing a Roth Conversion may Impact Financial Aid Next Year In a recent report, Financial Research Corp., a Boston research and consulting firm, found that the most common college-savings vehicle was a plain bank account. Less than 25% of college savings today are in 529s. After posting dismal results during the market downturn, operators of “529″ college-savings plans have been cutting expenses and adding lower-risk investment Continue reading ‘529′ Plans: Only 25% of College Savings Is Stashed In Them |
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