529 Plans

A 529 plan is a tax-advantaged investment account offered in the United States as a means to save for higher education expenses for a beneficiary. Many states offer their own version of a 529 plan. 529 plans are no longer just a tax effective means to save for college. Among many chan

Changes to FAFSA for 2017-2018 School Year

There have been recent changes to the FAFSA (Free Application for Federal Student Aid) starting with the 2017-2018 school year. One of the changes put into place is the reporting of parents and/or student income a year earlier. For example, for the 2017-2018 school year, the FAFSA for

Higher Education Tax Credits

If you or one of your dependents are enrolled in a qualified college, university or vocational school you may be eligible to receive a Federal tax credit. Qualified programs are indicated by their eligibility for Federal financial aid. For the 2016 tax year, two tax credits are availa

Studying up on 529 college savings plans

Two types of savings plans provide families with tax-saving strategies that also benefit their children and grandchildren. College savings plans and prepaid tuition plans are what are known in the tax community as 529 plans. These vehicles have much higher contribution limits than tho

5 Things Millennials Need to Know About Finances

According to surveys, only 24 percent of millennials demonstrate basic financial knowledge. There are many reasons for that lack of knowledge: Some of that information comes with life experience, and some of it is facts that would have traditionally been taught in a home economics or