Whether you’re the parent of a newborn, or your little one is in elementary or perhaps even making their way through middle school, there is no time like the present to start saving for college.
Many may think that just a regular savings account would be sufficient to start saving for tuition and textbooks. However, there is another investment vehicle that you can use to get rolling. Similarly to how one can stash away funds for retirement in an IRA, those wishing to save and invest funds for college can choose the 529 plan. Read on for more.
Ah summer, you can hear the birds chirping, the bees buzzing, fresh cut grass, and the shopping malls a callin’. The sweet freedom of summer. Hold up. That last part, the shopping malls a callin’. While your favorite retailer is probably hoping you’ll be more than ready to drop that hard earned cash this summer in their store, did you know that with a little planning, there could be an even better use for that money? Compound interest. Read on to find out more.