But what if you don’t have enough saved for college for your high school aged child? According to college funding expert Lynn O’Shaughnessy, take these steps keep costs down even if your college savings has fallen short.
Your wealth is fed by four major sources. Most pay attention to one or two of them, but considering all four helps you build a sound financial future.
Consider all the benefits of an HSA: its triple tax advantage, personal ownership of account, flexibility to use it toward qualified expenses far in the future, and ability to invest it into stock index funds.
Last month Governor Polis signed a bill that sets aside $100 for Colorado kids born starting in 2020 for higher education costs. I hope it will motivate families to save more.
One less known benefit of being a Public or Nonprofit employee is that they can save much more of their income on a tax-advantaged basis than those in private industry. If through a combination of higher earnings and frugality you can live on far less than you earn, check out these retirement plans.
This column is another in a series on good financial habits within your control, as opposed to annual stock market returns, which are not. Last time we got to work on your estate plan, while today we’ll uncover in under an hour how much you spent and saved last year.
Savers can now earn a modest return. But you still have to work at it. If you’re banking with one of the massive banks, you’re settling for less than you deserve.
While giving is primarily inspired by our desire to help others, getting a tax break in April is frosting on the cake.