The IRS describes these accounts as a type of “traditional individual retirement account (IRA) that is established for the exclusive benefit of an eligible individual.” ...
Tax benefits, fees, matching grants, and investment options are key to getting the most money for your kid’s education.
AShira Nelson said the funds are for college or trade school, with unused money put into a Roth individual retirement account ...
With strict rules and limited tax benefits, Trump accounts aren’t right for every family—particularly if they’ re not eligible for government or private seed contributions.
Smart choices like 529 plans, high-yield savings and low-fee checking accounts can help families organize college money early, reduce fees and cut reliance on debt.
From tuition and student fees to room and board, paying for higher education can get expensive. There are tools that can help you cover the cost without taking out a loan.
Dear Liz: My parents set up 529 college savings accounts for my niece and nephew. The accounts are now quite substantial. My nephew chose to go to community college for his freshman year, and seems to ...
Families concerned about paying for college and tackling postgraduation student debt may have more options than they realize. The rules governing how 529 college savings plans can be used ...
The One Big Beautiful Bill Act that President Donald Trump signed into law in July 2025 ushered in tax savings for families who homeschool. During the 2024 campaign, Trump said he would expand the use ...
An education IRA is a tax-advantaged savings account that can be used to pay for education expenses. Funds in these accounts, which are also known as Coverdell education savings accounts (ESAs), can ...
Interest is one of the many benefits you can receive when you set aside money in a savings account. When you earn interest, your financial institution is essentially paying you to keep your ...