We know our kids can be scared of many things: the dark, monsters under the bed, creepy bugs or ghosts. Parents even know how to ease a kid’s fears, by using things like dream-catchers or magical monster spray. But when it’s the parent that gets spooked, what can they use on themselves?
How many kids do you have, and how old are they?
We have a daughter who is 15 months old.
What is your favorite family activity?
We are an outdoor family! We enjoy spending time together in the part or hiking.
What was your plan to pay for your kids’ college before U-Nest?
My plan was to use our family savings. But, when I realized that typical savings accounts don’t offer much growth of my money (because it’s not an investment), I raised my standards by looking for a different option. That’s how I heard about the 529 plan. Tax breaks and investment returns offered by 529 plans are hard to beat when the money is used for education.
How often do we ask ourselves why life can’t be easier? Modern life looks like a chaotic, frenzied spiral, where we constantly trying to balance the demands of raising children, achieving success, and earning money. It’s tiring. Raising children is hard, we have to worry about our kids education & saving money for a better future.
Like most parents, I believe that a great college education will bring my two children the best chance for a better, more prosperous future. But the eye-popping cost of college and mounting student debt have created real concerns about how to answer the ultimate question: how can we afford to send our kids to college?
The high school graduation clock starts counting down as soon as your child is born. The golden ticket that is a college degree can offer your child a bright future and prosperous career, while giving you the peace of mind that everything will be ok. However, planning to save for this bright future is tough for many families. According to Sallie Mae, only 6 in 10 parents are saving for college, and although savings have been the highest since 2013, most families only have $18,135 saved towards higher education.
Back in high school I had a lot of friends who I played baseball with, and many of them had dreams of pursuing the sport at the college level so they could eventually move on to the MLB. One friend in particular had offers from many schools, however the schools that offered him a spot on their teams did not offer a scholarship with the spot.
As the days get longer and the sun shines a bit brighter, many families are getting ready to travel, go on vacations or start their summer grilling. Across the country, high school seniors are filling auditoriums to throw their caps in the air and say goodbye to the last four years of high school. With the end of of high school comes the beginning of college – and the costs that go with it. Many parents are looking for the best college saving tips to ensure a solid head-start.
A lot of people swear by their grandma’s secret chocolate chip cookie recipe – flour, butter, sugar, chocolate chips, and love – those ingredients combined somehow make the best cookies on the planet. That coupled with birthday cards and holidays at grandma’s and grandpa’s create some fantastic memories. In all, grandparents seem to be a constant fountain of gifts, hugs, kisses and love.
While most families associate 529 plans with college or university, few know that they can now be used for K-12 private education. The new tax law passed by Congress last year included a provision in which parents are now allowed to pay for private school education from kindergarten to twelfth grade. Under the new law, families can withdraw $10,000 per student per year to pay for tuition expenses at private elementary schools, high schools and parochial schools. Keep in mind though, the law only covers private institutions and only applies to tuition costs – it excludes things like books, laptops, or other expenses often covered by 529 plans.
Parents often have many questions about 529 Plans – what they are, how to use them, what their benefits are. We’ve covered all those topics in other posts here, but have not gone over some of the myths of the plans themselves. Here we outline five of the most popular myths of a 529 plan.