1. Articles in category: Education Funding

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    1. Are you overpaying your financial adviser?

      Are you overpaying your financial adviser?

      Investment management can cost as little as 0.25% of a portfolio’s value each year. Yet many people still pay 1%, or even more, for financial advice.

      Whether they’re getting a good deal depends on exactly what they get in exchange. Spoiler alert: Many should be getting a lot more, or paying a lot less.

      Financial advice can encompass a lot of different services, which fall primarily into two camps:

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    2. Do Your Kids a Favor and Pick Retirement Savings for You Over Tuition for Them

      Do Your Kids a Favor and Pick Retirement Savings for You Over Tuition for Them

      Most financial planners advise never tapping retirement savings to pay for your kid’s education. Even as college costs climb, there are still options to borrow that cash, whereas it’s often noted that you can’t borrow for retirement.

      Yet about one-third of Americans with kids under 18 say they plan to use retirement savings or “could use if needed” to help pay for their children’s education, according to a recent survey by Sallie Mae, one of the nation’s largest student loan lenders.

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    3. Wealthfront rolls out free planning tool

      Wealthfront announced a new program to offer retirement planning software to all individuals in the U.S. at no cost. Called Freemium, the service lets users that do not have a Wealthfront account sync financial information into the company’s Path tool, which then calculates ideal spending rates and budgets and helps map out a plan for retirement.

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    4. Need specifics on investing in 529s? Here is the lesson plan

      Now, that I have opened a 529 college savings plan for my child, how do I invest it?

      That is a question that advisors at Yeske Buie often hear from their mostly high-net-worth clients.

      This year, the firm offered a webinar for clients and the public to offer insights into making the best use of 529 plans from the time a beneficiary is born through college graduation.

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    5. New perks from 529 college savings plans

      Upper middle-class and wealthy clients may have scored a victory from the new tax laws other than lower tax rates that they don’t even know about yet.

      If they are using a 529 college savings plan, they now will be able to use those assets for K-12 expenses, in addition to college costs, says Deborah Fox, founder and senior advisor of Fox College Funding, a consulting firm that helps families reduce out-of-pocket expenses for college.

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    6. More parents are refusing to pay for their kids’ college

      More parents are refusing to pay for their kids’ college

      Three in 10 parents don’t put any money away for college

      Kids, you’re on your own.

      Just seven in 10 parents are saving money for college, down from 72% two years back. What’s more, fewer than one in three parents (29%) now say they plan to fully pay for their kids to go to college, down from 43% just two years ago, according to data released Thursday from Fidelity. And on average parents now expect to pay just 62% of their kids college costs, down from 70% two years ago.

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    7. Oops, not saving enough for your kid’s college? It’s not too late

      Oops, not saving enough for your kid’s college? It’s not too late

      If your child’s college search process has sneaked up on you and you realize you may not have as much saved up as you would have liked by this point, don’t panic. It’s not too late to put some more money away to get you into a comfortable position for when that first tuition payment comes up. Here are some top tips to get you on track to obtain a robust savings account for your child’s education.

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    8. What do you do if your child earns or even inherits money at a young age?

      What do you do if your child earns or even inherits money at a young age?

      Every parent believes their child is a star. But what happens if they become a child star? Or simply happens to earn or even inherit enough money that would break a piggy bank?

      One parent recently asked Reddit what he should do with the money his daughter is earning from her role in a touring production of a Broadway play. She’ll make $1,200 for four performances, he wrote: “$1,200 is not life changing but I see more gigs coming her way in the future,” he said. “She really loves performing.

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    9. This is one of the best ways to give your kids a head start in life

      This is one of the best ways to give your kids a head start in life

      Every month for more than 15 years, Lois Brayfield automatically contributed $100 to $200 to her sons’ 529 college savings plans.

      By 2018, one of her sons pointed out that she’d done more than rack up $110,000 of 529 savings — she’d given them a leg on which to stand.

      “He said, ‘Mom, I can’t thank you enough that I’m not strapped with student loans starting out in life; all my friends have them,’” Brayfield said. “That made it all worth it, that he recognized that.”

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    10. Brett Kavanaugh has saved almost nothing — so does he actually understand business?

      Brett Kavanaugh has saved almost nothing — so does he actually understand business?

      Conservatives who want Supreme Court nominee Brett Kavanaugh to serve for a generation and move the law rightward have a new, perhaps unwanted, reason for confidence: The 53-year-old nominee is nowhere near retirement-ready financially.

      Kavanaugh’s financial disclosure report was only noted in passing by legal eagles, but left personal-finance mavens scratching their heads.

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    1-24 of 81 1 2 3 4 »
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