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Tuesday, March 15, 2016

College Savings on the rise, potential job growth in finance?

"Though it's advised in Irs faqs about the 529 plan that there maybe be benefits as well as drawbacks, that it is not for everyone, and to consider consulting a trusted tax professional or financial planner." College savings plans are growing in popularity.

Excerpt:
"Q. Is setting up a 529 plan for my child right for me?
A. Only you can figure that out. 529 plans are not for everyone, and are also not the only option available for paying for college. Setting up a 529 plan is an investment decision, which means both the benefits and drawbacks must be considered, along with alternative ways of accomplishing the same thing. There are many independent sources of information on 529 plans. Also, you may want to consider consulting a trusted tax professional or financial planner."

College tuition is argued as one of the most common expensive things most Americans buy besides a home, vehicle, interest or healthcare. If the rate continues there may even be a job growth in tax and finance planners for college savings alone.

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