College-Bound Family? Look to 529 Plans for Mutual Tax Benefits and Flexibility

College-Bound Family? Look to 529 Plans for Mutual Tax Benefits and Flexibility

Benjamin Franklin once said, “An investment in knowledge always pays the best interest.” Admirable in theory, but with college costs on the rise and student loan debt reaching unprecedented levels, many parents and grandparents are grappling with when and how to start investing in a child’s education. Fortunately, there’s a savings vehicle to help families realize the full value of this vital investment: 529 plans.

ATM Cards vs. Arcade Cards: A Lesson in Financial Literacy

ATM Cards vs. Arcade Cards: A Lesson in Financial Literacy

Let’s talk about what scares me. I’m terrified that my kids don’t have any concept of money. It’s distant, intangible. They don’t understand what it looks like to open a wallet and hand over cash, or the artform that is balancing a checkbook. My kids are growing up in a cashless, credit card society. They associate money with a plastic card that you swipe at the register so you can leave with whatever goods you want.