How much could a college education cost in the 2030s? Those of you with kids may want to take a deep breath and sit down before reading the next paragraph. A MassMutual analysis projects that four years of tuition, room, and board at a private college will cost nearly $369,000 in 2031. An article at … Continue reading “Ways to Ease the Cost of College”
Ways to Ease the Cost of College
July 16th, 2019
What the SECURE Act Could Mean for Retirement Plans
If passed, it would change some long-established retirement account rules. If you follow the news, you may have heard of the Setting Every Community Up for Retirement Enhancement (SECURE) Act. Although the SECURE Act has yet to clear the Senate, it saw broad, bipartisan support in the House of Representatives. This legislation could make Individual … Continue reading “What the SECURE Act Could Mean for Retirement Plans”
Getting a Head Start on College Savings
The hows and whys of college savings. The American family with a child born today can expect to spend about $233,610 to raise that child to the age of 18. On top of that, you can expect your little one’s college education to cost as much as $198,000. But before you throw your hands up … Continue reading “Getting a Head Start on College Savings”
The 529 Plan – Your Legacy, Funding Education, and Your Retirement
Do you have a 529 College Savings Plan? A 529 plan is a tax exempt, college savings account for a designated beneficiary, which could be a child, grandchild, great-grandchild or even a great-great grandchild. Before you call your financial advisor to have a check distributed for the designated beneficiary’s college expenses, you may want to … Continue reading “The 529 Plan – Your Legacy, Funding Education, and Your Retirement”
