How valuable are the tax advantages associated with 529 plans? And how do they work? By Michael Frerichs, Illinois State Treasurer & Chair of the College Savings Plans Network April 13, 2021 Although most 529 account holders are aware that their college savings plan is tax-advantaged, it’s often confusing how valuable the tax benefits may […]
April 7, 2021 The College Savings Plans Network (CSPN) is about to launch the go-to research tool for college savers. Later this month, CSPN will be launching a powerful new research tool powered by a partnership between the network and Invite Education (IE). CSPN will replace the following 529 comparison tools; My State’s 529 Plan, […]
March 30, 2021 Dear Dash, Like my grown-ups, I’m a planner. Can you give me some tips for how I can be ready to survive college preparation in high school? Sincerely, Axel (age 5) Dear Axel, College is just around the corner. But don’t stress. You’ll […]
By Hon. Curtis Loftis, State Treasurer of South Carolina March 23, 2021 Where did you learn about personal finance? Did a patient parent explain the difference between spending for what you need versus what you want? Or perhaps a dedicated teacher helped you understand the complexities of saving and investing in the modern world. If […]
By the Honorable Michael L. Fitzgerald, Iowa State Treasurer March 16, 2021 In the Midwest, we look forward to spring as the days are longer and brighter, the snow is melting and the weather is warmer. It’s a great opportunity for families to start cleaning up and organizing after a long winter bundled up at […]
By Jørn Earl Otte, Strategic Marketing Consultant, Hartford Funds SMART529 March 9, 2021 Welcome to March! (I think we’ve had enough madness for one year, don’t you?) 529 plans have been around since the 1990s; however, there are still misconceptions regarding what 529 plans are and how they can be used. In the spirit of […]
By Hon. Stacy Garrity, Pennsylvania State Treasurer March 2, 2021 The Achieving a Better Life Experience (ABLE) Act of 2014 opened doors to financial empowerment for millions of people in the disability community. It’s time to open those doors even further by expanding ABLE eligibility. Like 529 plans for education expenses, ABLE accounts offer tax […]
By Mary Nickeson, Senior Vice President, Invite Education February 23, 2021 One common misconception about paying for college is that parental assets and savings will greatly hurt your child’s chances of receiving financial aid. Some parents hesitate to save for college, believing that colleges will expect most of their savings to go toward tuition, resulting in […]
By Patricia Roberts, Chief Operating Officer, Gift of College, Inc. February 9, 2021 As a parent of a college student, there’s a lot that I and my family have grown to love through the years about saving for college with a 529 plan account. Here are a few of my favorite examples: We loved the initial peace […]
By Heather Barthelmes, Michigan Education Trust February 2, 2021 If I have learned anything over the last year, it is that uncertainty is guaranteed. My 5-year-old son was sent home from kindergarten with an unknown return to school date. Now, we are doing first grade from home and are still uncertain when he will go […]