by Mitch St Thomas | Aug 22, 2025 | College Savings Plans
Among educational savings plans, 529 accounts are the most widely used and popular option. There are about 17 million 529 accounts currently valued at over $525 billion. For years, 529 accounts have been considered to be educational savings plans intended for college...
by Mitch St Thomas | Apr 27, 2025 | College Savings Plans
When companies compete for the best employees, the quality of their benefits packages is a key differentiator. Prospective employees look for a comprehensive package that will improve their financial condition and help them prepare for the future. An IRS Section 127...
by Mitch St Thomas | Apr 26, 2025 | College Savings Plans
The Uniform Transfers To Minors Act (UTMA) and the Uniform Gifts to Minors Act (UGMA) are two laws that combine to produce the acronym “UTMA/UGMA”. They are useful tools for parents and others seeking to reduce taxes while accumulating assets for college. First came...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Apr 26, 2025 | College Savings Plans
In saving for a child’s education, parents want to know if they will have the funds necessary to pay the costs of college when the time comes. An dilemma they face is that, due to inflation, their objective is unknowable in advance. Tuition Inflation Many experts...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Jan 22, 2024 | College Savings Plans
According to the College Tuition and Fees price index maintained by the U.S. Bureau of Labor Statistics, the cost of tuition was 1,490% higher in 2023 than it was in1977. Between 1977 and 2023, tuition — the largest component in the cost of attending college —...
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