Guide Smart Ways to Save (and Pay) for Education May 13, 2022 You have heard the horror stories. Today’s average annual cost of tuition, room and board at a four-year private college is a whopping $53,217. While it seems a bargain by comparison, even the average cost of a four year state school is a steep $25,487 for residents (and a hefty $43,161 for … Read Morekeyboard_arrow_right
Article Planning for 40-Somethings December 10, 2021 You’re well established in your career and hopefully earning more than you spend. You may have your own family as well as aging parents to look out for. On top of that, retirement has crept a decade closer. That’s a lot to manage—and financial planning can help. Here are … Read Morekeyboard_arrow_right
Article 5 Savvy Financial Moves for New Parents September 3, 2021 Major life events can provide the impetus to create or revise your financial plan—and few events are bigger than welcoming a new child. Here are five action items to consider, whether you are a new parent, expecting or simply playing catch-up with your planning: Get your child a Social Security number. You’ll … Read Morekeyboard_arrow_right
Article New and Improved FAFSA Rules June 11, 2021 Is college on the horizon for your kids or grandkids? Then you need to know about some important updates to the Free Application for Federal Student Aid (FAFSA). If this is a new acronym for you, FAFSA is the main form you’ll use to apply for student financial aid. The recent revisions were … Read Morekeyboard_arrow_right
Article All About 529 Accounts May 28, 2021 May 29 is here (almost) and we thought we’d take the opportunity to discuss some of the benefits of the other 5/29—529 educational savings accounts. 529 plans are tax-advantaged investment accounts designed to help you save for tuition and expenses related to private K–12 and higher education. Anyone can open a 529 … Read Morekeyboard_arrow_right
Article Easing the Burden of Student Loans May 21, 2021 Student loan debt was a topic of debate during the 2020 presidential election, and the Biden administration has since signaled a willingness to explore it further during his first term in office. In the meantime, there may be a light at the end of the debt tunnel courtesy of the federal Public … Read Morekeyboard_arrow_right
Article Student Loan Forgiveness June 19, 2020 Skyrocketing college costs have left many graduates paying off loans for decades—but there may be a light at the end of the debt tunnel courtesy of the federal Public Service Loan Forgiveness program (PSLF). The program is aimed at helping college graduates who choose careers in public service (defined below). If such … Read Morekeyboard_arrow_right
Article Financial-Aid Deadlines Approach February 28, 2020 One of the best long-term investments you can make is in higher education. If you’ve got a prospective college student in your household, you’ve either heard, or know first-hand, how daunting the process of finding and applying for financial aid can be. One crucial step that all prospective students should take is … Read Morekeyboard_arrow_right
Article Popular 529 Plans Reviewed February 5, 2020 529 Plans of Note In two recent Adviser Fund Updates, we covered the basics of 529 plans, followed up by a review of state-by-state tax treatment and financial aid implications. To wrap up the series, we’re taking a look at four 529 plans that are typically highly ranked by … Read Morekeyboard_arrow_right
Article 529 Plans: Which States Reward College Savers? November 1, 2019 In September, we covered the basics of 529 plans. This week, we’ll continue examining 529s with a look at tax implications, risk strategies and how they can impact financial aid eligibility. 529 Tax Implications Contributions to 529 plans are not tax deductible (at the federal level, treatment varies at the state … Read Morekeyboard_arrow_right