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As the new year has ushered in new laws, tax codes and political powers, the updates that effect every day Americans continue to change up the news cycle. Recently, we explored the changes to 529 Plan investing options. As we've explored, education funding is extremely important to incorporate with your financial plan and retirement objectives. The rising cost of college can be a hurdle if not planned for accordingly.
Now that the IRS is officially accepting tax return filings, it's the time to decide how you want to approach your 2014 tax return.
As the cost of college has been soaring, individuals and families are beginning to invest in different education funding vehicles. This trend is essential to a successful financial plan. By taking proactive steps, a family can prepare more efficiently for retirement. A popular method is investing in 529 plans. In the past, owners of these plans were only able to change their investment options once per year. In response to recent government legislation, the flexibility the change these investments has increased. College savers are now able to change their investments up to twice per calendar year.
Here we are... 2015.