Wealth advisor Melissa Garrett helps clients of all ages figure out how to fund a loved one’s college or school tuition.

In addition, having little or no liquid savings increased the likelihood that participants would take a 401(k) loan or hardship withdrawal or otherwise reduce contributions to their retirement ...

Fact checked by Betsy Petrick You probably know you should be investing, but you might not know where to start. Fortunately, ...

In 2024, total investments in 529s jumped to $508 billion in June, up nearly 13% from $450.5 billion the year before, according to data from the College Savings Plans Network, a network of state ...

More information: Ngoc Dao, Does a requirement to offer retirement plans help low‐income workers save for retirement? Early evidence from the OregonSaves program, Contemporary Economic Policy ...

Key points 529 plans provide significant tax breaks when used to pay for a child’s college education. Many states offer a state income tax deduction or tax credit based on contributions to the ...

SAVE is a game changer, however, if you already live paycheck-to-paycheck; you've got a family or have a lower-paying job and are fearful that you won't be able to cover a $300 or $400 student ...

“Generally, 401(k)s are complex plans, with significant accounting, administration, and filing requirements,” says James B. Twining, CFP, founder and wealth manager of Financial Plan ...

If you qualify, you can save up to $4,150 if you have a qualifying individual plan in 2024 while those with qualifying family plans can save up to $8,300. In 2025, these limits will rise to $4,300 ...

529 plans are one of the best ways to save for your child's college education. These state-sponsored investment accounts offer tax-free earnings and withdrawals that can be used for tuition, books ...

A 529 plan, even with its contribution limits, can help save parents a lot of money, says Andrew Wang, a financial advisor and managing partner at Runnymede Capital Management. "You can think of a ...