This week on WBIR's Sunday Money a viewer asks, should I save for my daughter’s college or for my retirement? Let’s ask our moneyman, Paul Fain, president of Asset Planning Corporation. PAUL, WHAT IS THE HIGHER PRIORITY: DO YOU SAVE FOR COLLEGE OR FOR RETIREMENT? Save...
college savings
Top 5 Questions About 529 Savings Plans
Saving for future education expenses is one of the most common financial goals. Whether the beneficiary is a child, a grandchild, or other family member. The preferred “vehicle” for those savings – the type of account – has certainly changed with tax laws and times....
How Much Should You Save for College?
This morning we have a “viewer” question about 529 College Savings Plans…are they the best way to save for college? Let’s ask our Money Man, Certified Financial Planner Paul Fain. PAUL, WE KNOW THAT COLLEGE IS EXPENSIVE, REALLY EXPENSIVE, WHAT IS THE CURRENT PRICE...
America Saves Week: Educational Savings Simplified in 2018
The recent tax bill expands 529 savings plans to include expenses for elementary and secondary education. And, the annual gift tax exclusion has increased. This is big news for education savers – no matter how much you are saving! Congress wanted to make it easier to...