You may have heard that you can use 529 Plan money to fund a Roth IRA. But how does it work? And why would you want to do this? College savings (529) plans are popular tools for saving for college. But the big concern is always: what if my child doesn't go to college? Will I end up paying … [Read more...]
College Savings Workshop for Texans
Learn how to save for your child's college cheaply and save on taxes at the same time. I am presenting a free financial planning workshop on tax-efficient college savings for Texans at the Keller Public Library on Tuesday, August 16 at 6:30 pm. As kids head off to schools for the fall and the … [Read more...]
Texans’ Options with 529 Education Savings Plans
Many states provide an incentive for their residents to use their state’s 529 plan through use of a state income tax deduction. Because Texas doesn’t have a state income tax, your options are really completely open in terms of what state’s 529 savings plan you use. You can go shopping for the best … [Read more...]
Education Funding Recap
The world of higher education has received some attention in Washington this year. I've done several posts on the topic, but wanted to offer this summary of both what's passed and what's proposed in the budget for FY 2010. The American Recovery and Reinvestment Act of 2009 (ARRA) was signed into … [Read more...]