SECURE 2.0 creates new backdoor Roth opportunity
Beginning in 2024, the SECURE Act allows unused funds from a college savings plan to be transferred to a Roth IRA in a form of backdoor Roth strategy.
Category: College Savings
Preparing for the final lap before college
As students take the final lap before college the last two years of high school are critical to strengthen their applications and make the college decision.
Millions of borrowers may benefit from student loan forgiveness
The administration announced a program for student loan forgiveness for debtors who meet certain income requirements.
How high school freshmen can start mapping their path to college
As students transition to high school, there are many action items for parents and students to consider as they map their path to college.
Early college planning for a growing family
Early college planning can help families meet savings goals and mitigate the debt burden in the future.
Packing for college should include legal documents
Families of college-bound students may want to prepare certain legal documents before their children go away to school.
Choosing a college loan requires careful attention
As many families borrow funds to pay for college it is important for them to understand the landscape for taking out a college loan.
Evaluating choices for funding college
Parents looking at future college expenses are assessing choices for funding college to reduce the debt burden for their children and themselves.
Facing rising costs, college students seek varied pathways to meet goals
A number of trends are emerging as college students seek a variety of ways to earn their degrees amid rising costs.
Saving still a priority as student loan forgiveness is debated
The future of student loan forgiveness proposals is still under debate highlighting the need to save for college.