May 29 is “529 College Savings Day.” As president of a 529 prepaid tuition plan, this is a time to remember that planning and saving for college is more advantageous than borrowing. To cite one example, to pay $10,000 of college costs, a family could save $58 a month for 10 years at 7% interest. That’s $7,000 in principal and $3,000 coming in earnings.
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Blog — May 2015
I saw Daymond John’s keynote presentation at the recent conference held by the National Association of Personal Financial Advisors (NAPFA) in San Diego. His advice can make a difference in so many ways, and I even apply it to planning for college.
Recent growth in membership of Private College 529 Plan is an important reason for financial advisors to encourage their clients to explore the use of this non-traditional, prepaid investment vehicle, according to a recent article in Investment News magazine, a publication widely read by the nation’s financial advisors.