529 Plan

  • 30 Tips for 30 Days of College Savings

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    Tip #1

    September 1, 2013

    529 savings and prepaid tuition plans can be used at virtually any accredited college or university in the U.S. and even at some foreign schools. They can also be used at eligible trade and technical schools.

    Tip #2: Be Prepared – The Cost of an Education is Rising

    September 2, 2013

    The average cost for tuition and fees at four-year public institutions has increased nearly 51% over the last 10 years. Saving for college with a 529 plan can help with the increasing cost and help you be financially prepared when your children are ready for college.

  • The Trend is your Friend: Paying for College

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    By Paul Curley, CFA
    Director of College Savings Research, Strategic Insight
    June 22, 2015

    As a society, we seem to focus quite a bit on trends.  While not all trends are great, there are a few that can help your children excel in some pretty incredible ways.

    First, the world is becoming more digital. Just look around you, most people have multiple devices. While some have multiple devices to divide work and personal emails, others have wearable devices for more technical purposes such as keeping pace during a marathon. Is it that these devices are so ingrained in our culture that we do not even notice them, or is it that we have become more detached than ever before? For example, the late spring season marks the beginning for many things including college graduation and baseball. In Boston where I grew up, the trains this time of year would be flooded with people going to a Red Sox game and the air would be electric from the overall excitement for the game, but now interaction through technology devices is typically higher than face-to-face communication. Further, the expansion of robo advisors shows a push by technology into the financial service industry and replaces what has typically been completed by meeting in person with a financial planner.

  • Summer Break

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    By: Hon. Michael L. Fitzgerald
    State Treasurer, State of Iowa
    June 15, 2015

    Just because your kids are on summer break doesn’t mean their college savings has to be as well. For many, summers are filled with carpooling to baseball games, backyard BBQs and trips to the pool.  Let your kids enjoy their time away from the classroom while continuing to bolster their college savings.

    •    If you haven’t done so already, consider using an automatic investment plan (AIP). Saving with AIP allows you to set up automatic contributions on a regular basis by connecting your financial institution account to your 529 plan. This allows you to make saving a part of your routine without taking time out of your day each month. If you already use AIP, consider increasing the amount you contribute.  Even a few extra dollars a month could mean big savings when it comes time to write that first college check. You and your kids may be taking a break this summer, but your account will not!

  • It’s Graduation Season Again

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    By Paul Paeglis Executive Director, Ohio Tuition Trust Authority/CollegeAdvantage 529 June 8, 2015 Graduation season is the time of year when families and friends come together to celebrate accomplishments of […]

  • 529 Plan Advantages & Benefits

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    529 plans are designed to encourage early and consistent savings by offering an easy, affordable and convenient way for families to save for college. While the tax advantages are one […]