by Kathryn Flynn, Savingforcollege.com | Date Published: 3/11/15
Tax season is well under way, and many of us have been spending the past few weeks getting our financial records in order. When you dig out last year’s filing, you’re relieved to see that almost everything looks the same this year. Except what about that 529 plan you opened for your son in January? Do your college savings need to be reported to the IRS?
by Kathryn Flynn
US News: DailyFinance
The cost of a college education has risen steadily for decades, and getting a head-start on saving for it has become a must for anyone hoping to minimize the amount of debt their children will end up carrying after graduation day.
By Caroline Salas Gage and Janet Lorin
Jan 14, 2014 8:08 PM ET
Tiffany Roberson works for the state of Texas as a parole officer, teaches part time and is living with her parents after finishing a master’s degree. She’s held off marrying her boyfriend of four years and starting a family because she owes more than $170,000 in federal and private student loans.
US News: Education > Colleges
If a child decides to take a gap year, it may be time to change the investment strategy in a 529 plan.
Some states require 529 plan contributions be postmarked by Dec. 31 – but others have different rules.