If you want to change any of your 529 account investments, now is a good time to do so. That’s because you’re allowed to make changes to your investments twice a year. If you make changes now, you’ll still have both opportunities in 2016. If you wait until January,
The FAFSA 4caster is a good tool for estimating your EFC but it’s important to understand its limitations. The big one is this: it only asks for one piece of your income, your AGI. The FAFSA itself requires you to add back some big ticket items that are not included in your AGI.
This time of year I talk to many people who are scrambling to come up with tax deductions before the end of the year. Maxing out your deductible 529 plan contributions each year is a good idea and should have a place in that strategy. But before you rush to write a check by Dec. 31, check your state’s contribution…
Most of us don’t have the full four years of college expenses socked away in a 529 plan when our student starts college. That means that most of us use a combination of savings, out-of-pocket spending, and borrowing to pay for college. It’s logical to assume
Many people call themselves “financial advisors” when they should in fact be called sales people. A number of these types are active right now telling parents of high school juniors and seniors that they should buy annuities or life insurance to help themselves in the financial aid process. This “investment” is not as helpful as you might think.