Recently a friend asked me about a strategy proposed to her by a financial adviser. The adviser was recommending that she and her husband invest their children's college savings in a life insurance policy. Here were the benefits as given by the adviser: The money grows risk free. It is life insurance the children can … Continue reading Why Life Insurance is Not a Good Way to Save for College
Category: Education
Give the Gift of Education: College 529 Plans
The holidays are upon us. I've always thought Christmas was mostly about the kids. There is nothing better than seeing a little face light up at the decorations or the absolute glee in your child when she receives that one thing she wanted most of all. But all the gifts can get out of hand. … Continue reading Give the Gift of Education: College 529 Plans
529 Plans – A Great Way to Save for Education
There seems to be a lot of confusion regarding 529 plans, the program for college savings. As a result many families don't take advantage of them. Yet 529 plans are a great way to save for college. They are widely available, provide tax advantages and are more flexible than you may think. There are 108 unique 529 plans available … Continue reading 529 Plans – A Great Way to Save for Education
