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All posts tagged college savings

Is your child hurtling toward college but you haven’t given more than a few anxious thoughts to how you’re going to pay for it? School is drawing closer and tuition projections seem to grow more outlandish by the year. Avoiding the issue won’t make it go away, and the sooner you tackle it, the better off you are. Read on for some tips.

Resist the urge to stand still: If you haven’t done anything yet, you think, why start now? Well, with compounding, a dollar saved today is much more valuable than a dollar saved 10 years from now. And even if you manage to save only a small amount between now and the time your child is ready for college, he or she is going to have to borrow that much less for tuition. The key is taking that first step. Read more


You might think that not saving at all is your worst colleg saving plan, however, the worst college savings plan is to reduce tax deductible contributions to a 401(k), whos deferred growth can compund over decades, in favor of contributing to a non-deductible or state tax-deductible-only colege savings plan.