Students and families in the U.S. now owe more than $1.7 trillion in student loan debt, making this the second highest consumer debt category, trailing only mortgage debt. Student loan debt is now higher than… Read More
529 Plans: What You Should Know About Saving For College
At some point, most new parents or grandparents begin thinking about how to pay for college. Since educational costs have risen at a rate well in excess of inflation over the last two decades, covering… Read More
Assets and Your Child’s Financial Aid: How Ownership Affects Assistance
In a series of recent blog posts, I’ve covered the control and tax issues parents face when determining how to hold assets for their children. Another key consideration I’ll address in this post is how… Read More
Tax Planning and Children: Tax Issues in Holding Assets for Your Kids
In last week’s blog post, I covered the various options for holding assets meant to benefit your child. This week, we’ll take a look at the tax planning issues surrounding assets held for or by… Read More
Financial Account for Your Child: Understand Your Options
Most parents who can do so provide significant financial support to their children at some point. The goal may be to pay for private school or help out with college, or set aside money for… Read More
Saving for Education
Last week, we reviewed a book on children, money and values. One topic the book covered was saving for kids’ needs, which typically included either education or providing them a nest egg post-college. The book… Read More