Is a Coverdell ESA right for you? With so many ways to save for future education costs, it’s hard to know which accounts to use. The first thing to realize is that the various accounts out there are not in competition with each other. In fact, they compliment each other. There are important differences between […]
Student loan debt is on the rise and the numbers are staggering. Total student debt is approximately $1.38 trillion and is second only to U.S. mortgage debt. If you’re like me, seeing these crazy dollar amounts can lead to information overload. Just trying to wrap my head around ONE TRILLION is a challenge. Rather than […]
Planning for college is complicated enough. Throw a long term education savings plan into the mix and the proverbial can of worms is now open. From 529s to Coverdell ESAs to UTMA accounts and UGMAs, there is plenty of confusion to go around. A good place to start is eliminating the types of accounts that […]
Putting together a college savings plan can be daunting. The rapidly rising cost of higher education can be intimidating, but don’t let the numbers scare you off. According to the College Board the average per year cost of a private four-year college is $49,320 or $24,610 for a state school. If costs continue to rise […]
