Many parents have kicked off a new school year and their children are one year closer to heading off to college. While that’s an exciting time in many households, it begs the question of how do I pay for it, and what incentives are out there? It’s easy to get lost in the noise of… read more
Jack McCloskey was featured in a Wall Street Journal article this week, titled “Is Starting a 529 Worth It?” Jack answered a few questions about 529 Plans that are available as a tax advantaged way to save for college costs. See the article at the WSJ site or in pdf form.
It’s September and college students are back in the dorms and classrooms for the new school year. Many high school seniors are starting to think more seriously about their college options and upcoming applications. A college degree can be a very expensive investment and it’s important to consider the financial side of the decision as… read more
Recently we have seen audit activity by the IRS focusing on redemptions from 529 college savings plans. This is a bit surprising given the fact that 529 plans are relatively new. The IRS is unlikely to find large investment gains built up in these vehicles nor are any penalties for non-qualified withdrawals likely to be… read more