Peter Lazaroff is an award-winning financial advisor and chief investment officer of Plancorp, where he focuses on long-term investing strategies and wealth management. He is an Investopedia 100 Top ...

Saving for college is a major financial goal for many parents: they want their kids to afford a shot at paying for one of the ...

Opening a 529 college savings account can be a smart move if you’d like to save for college on a tax-advantaged basis. One thing to consider when opening a 529 plan is whether it should be a custodial ...

Learn how to make 529 plan contributions as a gift, understand the gift tax rules, and explore how to contribute efficiently toward a loved one’s education.

College costs are rising faster than most family budgets, which is why turning a cash gift into a dedicated education fund ...

A 529 college savings plan can be a powerful savings tool for future education expenses, as investments in the plan increase tax-free. While state tax benefits should be the first consideration for ...

529 education savings plans are powerful tools to help pay for the mounting costs of an education. Why are some people hesitant to use them? One common concern is oversaving. You can only use 529 ...

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, ...

The purpose of a 529 plan is straightforward at first glance: to provide families with a tax-advantaged account for future education expenses. But not all education costs are eligible. How Can I Use ...

State 529 accounts let you invest money for educational purposes and the balance grows tax-free. Withdrawals are tax-free as well as long as they're used to pay for pre-school, high school or college.

The average cost of tuition and fees at four-year private colleges and universities has grown from $34,970 for the 1994-1995 school year to $58,600 for 2024-2025, according to CollegeBoard. Explore ...