eduction

Why I Like 529 College Savings Plans

Posted on 03/27/2014 by | AARP Blog Author | Comments

Money & SavingsIf you want to help pay for higher education for a child or grandchild, consider using a 529 college savings plan. These plans allow you to put money aside for tuition and other college-related expenses, while getting some nice tax advantages as well. Since I have a son who will be college bound in a couple of years, I’ve looked at all sorts of ways to pay for it and can say the 529 plan is by far the best …

Paying for College With Your Retirement Funds? Don’t.

Posted on 07/30/2013 by | Money and Work | Comments

Bulletin Today | Money & SavingsSure, we want our kids and grandkids to go to college. But not every family, including mine, has been able to save enough to cover four years’ worth of tuition expenses. Consider this: In the next five years, college costs at a public institution are likely to be $99,125 for four years, and $203,114 at a private institution. Who can afford this? It’s no wonder, then, that many of us parents are doing the worst thing we could be doing: tapping into …