Don't let money get in the way of your kids' best education
529 & Education Savings Plans For Dummies helps you sort through the vast amount of information about education savings accounts and choose the plans that are best for you and your family. A college or private K-12 education is generally parents' single largest expense for their children. 529 plans and 530 plans (Coverdell accounts) are relatively solid investment vehicles that can make saving for college much easier, providing tax advantages that other types of investments can't match. Education savings can be part of your overall wealth accumulation strategy, and this book can show you which plans are right for you, help you decide when to start saving, and guide you through determining how much to save per year in order to meet your goals-and help your kids meet theirs.
- Learn about the different types of tax-sheltered and tax-advantaged ways to save for education
- Create a saving and investment strategy that makes sense for your family
- Demystify the 529 and 530 plan rules and maximize your tax advantage
- Help set your kids on the path to success and to their college of choice
This is the perfect Dummies guide for parents or family members who want to begin saving for a college or K-12 education and who may want to supplement their current savings with tax-sheltered, education-specific accounts, or tax-advantaged investment accounts that may be used for education funding.
The definitive guide to saving for an education
Whether college or private school is right around the corner or years away, the earlier you start saving, the easier it will be for you and your family. You'll get the information you need to make an informed decision about how to start saving today in order to ensure a bright future for your student - and finally stop worrying! 529 & Education Savings Plans For Dummies is your easy-to-follow and up-to-date guide to 529s, Coverdell accounts, and other savings and investment vehicles. Understand the costs associated with education, both right now and in the future, and then find ways to pay for those costs.
Inside?
- Calculate future education costs
- Create a savings budget and plan
- Understand 529 and Coverdell plans
- Find alternative savings strategies
- Get easy tips to save on taxes
- Use untapped resources
- Consider student loans
- Learn about financial aid
