July 15, 2016
graduation savings

Where Do I Invest My Money for the Maximum College Savings?

If you’ve got yourself on track financially and you’re ready to start saving for your child’s college expenses, then you may be asking yourself where do I invest the college savings? There’s a myriad of saving options. Let’s look at where you can put it to get the most out of it. 529 Savings Plan The most popular way to invest your college savings is a 529 Plan. This is a state-sponsored plan that was created in 1996 that allows you to put money in that will be invested in mutual funds, index funds and things of that nature. The great thing about these plans is they grow tax-free and can be used for qualifying college expenses. For example, let’s say you invest $10,000 over a period of time and your money grows to $20,000. You can then pull the whole amount out to pay qualified expenses for tuition, books, etc. TAX-FREE!!! 529 […]
February 11, 2016
Saving for Your Childs College

Saving for Your Child’s College

An education is one of the most important things we parents give our children. Here is some helpful info.