Action plan helps families prepare for college
Having an action plan can help families and students prepare for college as they navigate the process throughout the high school years.
Putnam Wealth Management
Preserving and sustaining wealth for the future
Clients need help with complex financial planning matters such as efficient wealth transfer, tax and inflation risk, and sustainable income in retirement. Financial-planning experts Bill Cass and Chris Hennessey weigh in each week with a range of insights, tips, and legislative updates.
529 plans updated: Computers are now a qualified expense
Computers, laptops, and related technology are now considered a qualified college expense for 529 plans.
Planning Idea
Five considerations for year-end planning
Here are several strategies that investors may use to try to reduce their tax bill.
Ways to use a 529 to avoid costly mistakes in financial aid
Families want to save for college and maximize their child's eligibility for financial aid. There are ways to use a 529 plan to meet both goals.
Keep student debt down with a 529 plan
At a record $1 trillion, outstanding student debt is second only to mortgages as the largest source of household debt, the Fed reported. That trend is likely to continue....
Planning Idea
Six strategies for maximizing college financial aid
Preparing to apply for college financial aid should begin well before a student even fills out his or her first college application. In fact, saving early and understanding the...
Tackling the rising costs of higher education
Nearly 20 million Americans attend college each year, and, of those, nearly 60% borrow annually to help cover costs. While many may borrow to pay for tuition, there are...
Tax breaks extended for college savings
The American Taxpayer Relief Act of 2012 extends or leaves intact provisions that may benefit families saving for and funding a college education. 529 plans unchanged The new law...