Much is shifting in the education landscape, but some things continue to improve, including the value of higher education.
In the final days of 2014, Congress approved a bill to create a new tax-advantaged savings vehicle for people with disabilities. The Achieve a Better Life Experience (ABLE) Act amends the tax code beginning in 2015 and establishes tax-free savings accounts for people with disabilities. These accounts, which are similar to a 529 college plan,
Strategies involving 529 college savings plans offer many opportunities for advisors to connect with a range of clients, from individuals and families to non-profit organizations. The rapid growth of 529 plans illustrates the potential business opportunities. After retirement, education funding is widely regarded by investors as the most important savings need. Advisors who reach out
There are numerous incentives for parents to save for a child’s future higher education, rather than rely on borrowing. Cost is one. Total charges at both private and public four-year colleges rose more than 4% from 2011-2012 to 2012-2013, according to the College Board. Source: The College Board, “Trends in College Pricing 2012.” Another incentive