Ideas & Insights

What Counts as a Qualified Expense for a 529 Plan

August 30, 2018, No Comments by Kimberly L. Curtis

After years of saving for college in your 529 plan, the day has finally arrived that you need some of that money to start school. You have control of how much money you withdraw from your 529 account and what to spend it on. However, before you feel flush in cash, it’s important to know what is covered as a “qualified” expense.

How to Use a 529 to Pay for K-12

August 28, 2018, No Comments by Kimberly L. Curtis

As of January 2018, parents can now use their 529 plans to pay for private K-12 tuition. Originally designed for college, 529 plans allow tax-free earnings growth and tax-free withdrawals when the funds are used to pay for expenses that meet the requirements. That now includes private school tuition.

How Home Equity Impacts Financial Aid

August 15, 2018, No Comments by Kimberly L. Curtis

When approaching college financial aid for the first time, it can be difficult to navigate. Many parents wonder if their home equity is a factor in the FAFSA (Free Application for Federal Student Aid) and whether it impacts their student’s aid. For the majority of colleges that require the FAFSA, the value of your home and your mortgage payment will not affect your student’s financial aid.

How to Vacation on a Budget

August 02, 2018, No Comments by Kimberly L. Curtis

Escaping from the confines of a cubicle and having a fun-filled vacation is something most people dream about. The good news is that you can enjoy your holiday without spending exorbitant amounts of money. So how can we vacation on a budget?

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