by SavvyFi | May 26, 2021 | 529 Plans
In previous posts, we’ve covered how today’s parents are starting college funds for their children earlier than previous generations. According to a Vanguard study on its 529 plan account holders, “0” is the most common age when 529 accounts are initially...
by Jeffrey Hull | Apr 14, 2021 | 529 Plans
What Is An Employer-Sponsored 529 Plan? Employer-sponsored 529 plans are tax-advantaged education savings accounts offered to employees through their workplace benefits program. 529 plans can help employees save for K-12 tuition, higher education, and trade...
by Jeffrey Hull | Mar 12, 2021 | 529 Plans, Student Loans
Student Debt is a Big Problem For The Entire Workforce It’s no secret. With student debt now totaling over $1.7T, it has become a massive problem for all Americans. The average 2020 graduate left school with over $30,000 in loans, and this number continues to grow...
by Jeffrey Hull | Sep 1, 2020 | 529 Plans
Only 33% of U.S. parents are aware of 529 plans, according to an Edward Jones survey. This means that less than 33% actually understand what a 529 college savings plan is (as opposed to those that recognize it by name only), and even less have adopted one for...
by Jeffrey Hull | Aug 4, 2020 | 529 Plans
One of the major friction points for parents when deciding to enroll in a 529 college savings plan is the potential consequences of not using the funds for qualified higher education expenses. Having a list of qualified 529 expenses can help you navigate yet...
by Jeffrey Hull | Jul 21, 2020 | 529 Plans
Data shows that new parents are more motivated than ever before to save for their children’s college. However, there are quite a few barriers keeping new parents from doing so. Finding the time to sort through all of the savings options is often not feasible for new...
