College Savings & 529
Results 1-10 from 185 articles
529K
Asked by L.V. from New York
on January 13, 2009
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In August of 2008 I invested some of my kids money into a 529K plan. I am so upset because between the 2 of them they have lost between $500 and $850 dollars f their i...
Answers
- Well, the 529 is meant to be a long term investment. If your children are young enough that the money is not needed for several years, then you should leave it. As you...
- Dear L., If you are upset about loosing $850 at a time when most people have lost a lot more, I would say that you may want to consider other kinds of investments tha...
- Keep the money in! You do not lose a dime until you take the money out just like in the stock market, yes it is beyond horrid right now but you dont lose a dime until ...
529 College Plan????
Asked by K.O. from Dallas
on October 2, 2009
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Has anyone ever heard of the 529 plan. I was looking on the internet for ways to save money and am considering it for my daughter but not so sure. If you have not hear...
Answers
- Both of my kids have 529s. You don't have to choose the TX plan. Each state offers them. You can go direct to the state's website to get it. My kids have the Utah ...
- Hi K., I know a great deal about 529 plans, as I am a financial advisor, and I also have a 529 plan for my 10 year old son. The texas website you quoted is not the w...
- We opened one thru our Farmer's Agent when my daughter was born. Right now we only put $50 a month in but plan to increase that once we are not paying for daycare any...
529 College Savings Plan?
Asked by K.S. from Dallas
on May 6, 2008
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Hello!!! I am wondering how I start to set up a 529 college savings plan for my son. Did anyone use anyone that was really helpful? I am not a numbers person at all s...
Answers
- My husband is a numbers man and when my now 13 yr old was born he had hers set up and ready for 529. Over the years, we have allowed our investment guy from Edward Jo...
- One web site that can help a lot is www.collegesavings.com. I googled "529 Plan" and got a lot of helpful info. I reviewed an article by Morningstar on the various p...
- Also try www.upromise.com. It is VERY easy to get an account set up and many retail stores will contribute a small % of your purchases to the college fund & they also...
529 Plans
Asked by T.B. from Philadelphia
on May 30, 2009
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Hi Moms. My son recently inherited some money that is to be out into a 529 Plan. In order to release the money the lawyer hadiling the estate needs ro know what finan...
Answers
- Hi T., I work for a Certified Financial Planner and we handle 529 accounts all the time. If you are interested in learning more about 529 accounts and which company...
- Hi T., Whatever you do, get it out of the hands of the attorney as soon as you can. Edward Jones is a good financial consultant. Good luck. D.
- hi T., contact a ' good; financial advisor . thisis your childs monies / taxes levied on you and dad if done incorrectly . also; I WOULD consider a...
529 Plans
Asked by R.H. from San Diego
on June 5, 2008
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Hi there, I am wondering if anyone has looked into starting a 529 account for their child's college savings. Since each state offers their own plan, the options seem e...
Answers
- We opened 529 plans for our sons with Utah (Utah Educational Savings Plan). Since there is no tax benefit to opening a 529 in California, we looked out of state. The U...
- Hi. The 529s are fairly easy to deal with especially if you do it online. I get intimidated by long-term/investment/financial stuff but even I could handle this. If yo...
- A good friend of mine passed this info along to me a while ago. We haven't set it up yet but plan to - it sounds like a great way to go. It's called "CollegeBou...
Minnesota Savings 529 Plan for Your Child?
Asked by L.Y. from Minneapolis
on October 18, 2008
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My daughter is only two, but I figured it will be a good idea to put some money away for her education. I have been researching online and talking to other moms at wor...
Answers
- We started the 529 plan as soon as our son was born, and we've been happy w/ it--he's 17 months old now. We also do the direct deposit so we never forget to contribut...
- Great idea - We go directly to the plan - did it all on line as I recall. They have easy ways to set up automatic deposits so you don't have to remember to make depos...
- Our 2 older boys each have a 529. Our youngest was just born on Tuesday and he'll be getting one when we get his social security card. We have them through Wells Far...
529 College Savings Plan
Asked by I.W. from Baton Rouge
on February 28, 2010
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Hi mom, It's me again... I am wondering how I start to set up a 529 college savings plan for my son and my daughter (4years old and 8months). Did anyone use anyone tha...
Answers
- Have you looked into the pre-paid college funds. They differ a little from state to state. You can pre-pay in full or do monthly payments at todays rates for college...
- I set up 529 College Savings Plans with the same financial institution I have for my 401K. I use www.fidelity.com It is very user friendly and their representatives ...
- I am also in the process of setting one up for my 6 month old. After alot of confusion, I decided to go to my bank and speak with the financial counselor there. He gav...
529 Accounts for Your Kids? Pros/Cons? Other Alternatives?
Asked by S.H. from Honolulu
on August 11, 2011
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Just trying to get an idea of pros/cons of 529 College Accounts for kids.
Or what other financial type accounts for kids college savings is better?
529 accounts, so ...
Answers
- We started our daughter's savings for college before she was born. After she was born, we went with a 529 for the majority of her funding but we also have numismatics...
- the 529 that was purchased 14 years ago has been awesome.. (Thank you mom!) Our daughter will be a Senior in college this fall. So easy for the college to use. The...
- Hi sh- All my kids have 529 accounts...the only things that I have found 'odd' is that the account will not pay 'fees'...for example...my daughter is a animal scien...
Info on 529 College Savings Plans
Asked by B.R. from York
on November 9, 2009
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Hi everyone! We just had the baby baptized and received some money as gifts earmarked for the baby's college fund. Someone mentioned that we should open a 529 saving...
Answers
- This is the official Pennsylvania 529 website: http://www.makecollegepossible.com/ We have a 529 for our son through the state (our financial advisor set it up, ...
- we use our finance guy, he is out of philly i believe, its not near us, but he was a friend of the family so we use him. not sure if that is near you. its pretty si...
- Hi B.! Just really wanted to encourage you to start a 529 Plan NOW! We waited til our son was about 4. The stocks have all recently been tanking, but remember, it's...
Upromise Account - Is It Worth It?
Asked by L.J. from Atlanta
on September 8, 2006
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Has anyone here started a UPromise account? Has anyone transferred money into a 529 yet from their Upromise account? I'm just not sure if I want to give my credit ca...
Answers
- If it doesn't feel right I would not do it. I will only put my money with a financial institution that is FDIC approved and insured. Try one of the banks they have so ...
- my advise is to put money aside in your 401k or get a roth ira, for more info about this, visit clarkhoward.com
- Hi L., Try Fifth Third Bank also. They have a wonderful college fund. When my mom passed away last year, she left some money to my 5 year old. Since I don't know...
